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,…
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…
Tesla has officially closed registration for its “Giga Fest” County Fair event at the soon-to-be-completed Gigafactory Berlin, according to a message on the event’s dedicated website. “Thank you for your interest. Pre-Registration is now closed for our Gigafactory Berlin-Brandenburg County Fair. We are currently processing all pre-registration requests. Due to capacity constraints and extremely high…
Back in March, Elon Musk posted a rather surprising update about the Tesla Cybertruck’s design on Twitter. According to the CEO, the massive steel all-electric pickup tuck’s production version would have no door handles. Musk did not explain further beyond that statement, but it was enough to catch the interest of electric vehicle enthusiasts online. A…
Don’t take all this as gospel, since it is not official, and lots of info “out there” turns out to be incorrect, but photos are fairly reliable if you can believe your eyes. It is well understood that Tesla likes to make its own components to reduce dependence on others, a clear result of how…
General Motors plans to set itself up as the leader of electric vehicle software and intends to tell investors at a meeting next week that this, along with expanding its electric vehicle lineup to 20 models by 2028, is its focus over the next several years in the United States market. Sources close to the…