Tesla is moving closer to starting the manufacturing of its all-electric vehicles at its new facility near Austin named Gigafactory Texas. Production could begin extremely soon as new filings with the Texas Appraisal Review Board (ARB) reveal the imminent completion dates of each project, along with its value. The projects were individually filed by Tesla…
Tesla’s (NASDAQ: TSLA) top bull Dan Ives of Wedbush Securities has raised his outlook on the electric automaker’s stock, indicating the company could own around half of the massive $5 trillion U.S. EV market. “We believe there is $5 trillion of EV auto market dollars up for grabs with Tesla likely to own $2.5 trillion…
The supply chain issue has hit automakers across the market. BMW is losing its touchscreen for some models like the X5, X6, and X7; GM is losing heated seats for popular pickups like the Silverado and GMC Sierra; and Mercedes-Benz is eliminating features such as wireless charging, hands-free rear access systems, LED headlights, and some…
Tesla China updated Giga Shanghai’s Model 3 RWD variant and increased its price by about ¥15,000 ($2,350.21) to ¥250,900 ($39,311.23) after tax reductions. According to Tesla China’s online configurator, the new MIC Model 3 RWD, previously called the Standard Range Plus, qualifies for the new energy vehicle purchase tax reductions and fiscal subsidies. The Model 3…
Tesla and other electric vehicles are beginning to dominate the roads in Norway, leaving very few internal combustion engine (ICE) cars to tax. The “problem” has been long foreseen by those supporting the EV revolution. As one of the first countries to face the challenge, Norway might set an example for future nations on how…
Tesla announced yesterday that it has installed 250,000 Powerwalls globally, a tremendous milestone for the sustainable energy company. Tesla is widely characterized as an automotive company, even though CEO Elon Musk expects the entity’s energy business to be just as large as the automotive side within the next few years. Tesla Energy rarely gets the…
It appears that some trial EV production activities may be ongoing at Tesla’s Germany-based factory. During a recent flyover of the massive Grünheide site, several Tesla Model Y units that seemed to have been produced in the facility were spotted rolling out of Gigafactory Berlin. The all-electric crossovers then proceeded to head over to the…
Tesla bull and CEO of ARK Invest Cathie Wood predicts that Tesla’s share in the total auto market could be up to 25% by 2026. Wood also believes that the transition to electric vehicles might be ‘too little too late’ for legacy automakers. “If Tesla is the first to be successful in autonomous in the…
Tesla has officially challenged the $137 million settlement in the case of Owen Diaz, a contract worker who won a lawsuit against the electric automaker where he alleged racial discrimination occurred at the company’s Fremont factory in Northern California. Tesla argues that the $137 million sum is “staggering,” and should pay $600,000 to Diaz, based…
Lucid Group CEO Peter Rawlinson recently stated that there’s a long runway for the electric car startup’s stock and valuation. The CEO noted that this runway would allow Lucid to surpass veteran automakers such as Ford and perhaps even be valued similarly like industry leader Tesla Inc. Rawlinson is no stranger to commenting on Tesla….