One of the most impressive things about Tesla’s stellar Q3 2021 vehicle production and delivery results was the fact that the company was able to hit new records in the middle of a chip shortage crisis. The effects of the chip crisis are substantial, with fellow American automaker General Motors laying the blame for its…
Tesla’s opening party for its Germany-based EV plant, which CEO Elon Musk describes as a “Giga Berlin-Brandenburg county fair & factory tour,” is in a few days. And while the excitement is palpable especially among electric vehicle enthusiasts, German police have noted that they are currently bracing for what could very well be traffic chaos…
Tesla has issued a statement responding to a San Francisco jury’s recent decision, which ordered the company to pay $137 million to a former contract employee who worked at the Fremont factory. The former worker, Owen Diaz, had accused the company of ignoring the racial abuse that he suffered through while working at the California-based…
Tesla battery supplier Contemporary Amperex Technology (CATL) has set plans in motion to acquire Canada-based Millennial Lithium. Millennial Lithium released an official announcement about the CATL Arrangement Agreement on its website. As per the agreement, CATL plans to acquire all outstanding shares of Millennial for CAD$3.85 (US$3.05) per common share. In total, CATL will pay a total…
Tesla (NASDAQ: TSLA) short-sellers are becoming a rare breed, new data from IHS Markit Ltd., a London-based information company, shows. For years, Tesla has been among the most shorted stocks on Wall Street. In the past, the company has had vocal critics like David Einhorn, Jim Chanos, Michael Burry, and others. However, $TSLA stock’s incredible run-up over…
Tesla’s impressive third-quarter delivery performance overshadowed the automotive industry’s ongoing struggle with the semiconductor chip shortage. Among all of the world’s automakers, Tesla has been basically the only car company to avert the crisis as it has not had any overwhelmingly public stoppages in vehicle production. Morgan Stanley’s new investor note, drafted by lead analyst Adam…
The National Highway Traffic Safety Administration (NHTSA) has effectively rejected a petition that called for an investigation into Tesla vehicle fires and how they may be related to its over-the-air software updates. According to the NHTSA, it is unlikely that a probe would find a safety defect in Tesla’s vehicles. The petition, which was filed back…
Tesla (NASDAQ:TSLA) superbull Cathie Wood of ARK Invest recently made some keen observations for investors following the automaker’s release of its Q3 2021 vehicle production and delivery report. Specifically, the ARK Invest founder pointed out Tesla’s notable increase in US car sales and GM’s decrease in the third quarter, despite the ongoing chip shortage. “Today,…
It appears that the era of white Teslas is about to end. A recent Elon Musk tweet suggested that it may be time to update Tesla’s standard vehicle paint option from its current Pearl White Multi-Coat to something new. The CEO even seemed to hint that a beloved color may be due for a comeback.…
Tesla has announced its production and delivery figures for the third quarter of 2021, confirming that it handily beat Wall Street consensus estimates which came in at 222,700 deliveries. Tesla delivered a record 241,300 cars in Q3 2021, producing 237,823 vehicles, another record for the automaker. “In the third quarter, we produced approximately 238,000 vehicles…