Tesla is being sued by an owner over a quite dubious claim that the automaker walked back its claim of “free Supercharging for life.” The claim is based on the fact that the automaker started charging Supercharger idle fees, which the Tesla community thought to be extremely reasonable. When Tesla first introduced its Supercharger network…
Deutsche Bank firmly maintained its $900 price target on Tesla and gave TSLA stock an investment-grade BUY rating. The investment bank adjusted its Q2 earnings and revenue estimates for Tesla, although its gross margin for the company remains at 23.5% or 26.5%, excluding regulatory credits. Deutsche Bank lowered Tesla’s earnings estimate to $0.97 per share…
Vygruppen (Vy), a state-owned transport group in Norway, has launched a novel new service for its electric car-sharing division. As indicated on the company’s website, Vy now offers the Tesla Model 3 for rentals, allowing users of its car-sharing service to experience one of the world’s best-selling electric vehicles today. Vy’s Model 3 offer is quite…
Tesla did not waste any time highlighting the Model S Plaid’s killer metric: 0-60 mph in 1.99 seconds. This figure, which can be attained on a prepped drag strip as per MotorTrend‘s formal tests, has effectively dominated news about the flagship sedan — so much so that some of the vehicle’s other notable capabilities have been overshadowed.…
United States President Joe Biden recently posted a new ad for the US government’s electric vehicle initiative and its efforts to promote cars that are made in the USA. It was a great ad, and it covered several pertinent programs of the current administration that would go a long way into ensuring that electric vehicles…
Fort Lauderdale Mayor Dean J. Trantalis announced that The Boring Company (TBC) has submitted a proposal to build an underground transit system in the city. “Fort Lauderdale has received a proposal from Elon Musk’s The Boring Co. to build an underground transit loop between downtown and the beach. Called ‘The Las Olas Loop,’ this represents…
The Tesla Model 3 with pure vision Autopilot may have already secured a Top Safety Pick+ rating from the Insurance Institute for Highway Safety (IIHS), but CEO Elon Musk believes that Tesla could still do better. In a post on Twitter, Musk noted that Tesla would be looking to achieve maximum safety scores in the…
In a recent note about Tesla’s future in China, Morgan Stanley (MS) acknowledged the company’s tendency to attract exaggerated media coverage. The investment bank shared some insights from its China Autos and Auto-related team in a note about American EV company. Morgan Stanley’s China team pointed out that local consumers still support Tesla despite mixed…
Lucid Motors CEO Peter Rawlinson recently shared some notable updates on the Air, the company’s first production vehicle, as well as his thoughts about the developing electric vehicle market. According to the CEO, the battle for the EV segment will be won with technology, and in this light, Lucid is looking to make the market…
RBC Capital Markets has issued a quick update on its estimates for Tesla’s (NASDAQ:TSLA) second-quarter results. According to the firm, Tesla would likely deliver 195k vehicles this Q2, which is impressive but lower than the Street’s current consensus. RBC also highlighted the growing importance of China to Tesla’s numbers, as well as some factors that…