Key Takeaways Tesla stock is down 7.5% for the week, marking a significant decline as it falls below the 50-day moving average. Kimbal Musk, Elon Musk’s brother and Tesla board member, sold 75,000 shares worth $27 million, indicating a possible lack of confidence in the stock’s short-term performance. TSLA hit a new two-month low, with…
Key Takeaways Tesla’s new Model Y “Juniper” includes significant design and efficiency enhancements aimed at building on its predecessor’s success. The return of the turn signal stalk was driven by customer feedback, with drivers preferring it over buttons. Tesla’s internal design of a new gearbox powers the vehicle’s rear seats. New paint colors will be…
Key Takeaways Tesla Megapacks have been selected for a 548 MWh energy storage project in Maibara, Japan, led by Orix, to be operational by 2027. Tesla has been increasing Megapack deployments globally, including projects in Belgium, Melbourne, and Chile. Tesla’s production of Megapacks is ramping up, with facilities in Lathrop, California, and a new Megafactory…
Key Takeaways Tesla plans to build a third Megafactory for its Megapack batteries after completing a second facility in Shanghai. Tesla Energy achieved record deployments in energy storage for Q4 2024, with a 244% year-over-year increase. CEO Elon Musk announced the new Megafactory during Tesla’s Q4 2024 earnings call but did not specify the location.…
Key Takeaways Tesla delivered 495,570 vehicles in Q4 2024, contributing to a total of 1,789,226 vehicles delivered for the full year. The energy deployments for Tesla in Q4 2024 reached 11.0 GWh, showcasing the company’s growth in energy products. Analysts expect Tesla’s Q4 earnings per share to be $0.75, higher than the $0.71 in the…
Key Takeaways Honda plans to introduce its 0 Series with a sub-$30,000 electric vehicle (EV). The sub-$30,000 EV is planned to be produced in Japan. Decision pending on whether to release the affordable EV model in North America. Honda aims to redefine EVs with “thin, light, and wise” designs. Concept models of Honda 0 Saloon…
Key Takeaways Tesla is set to grow beyond electric vehicles, focusing on AI and autonomous systems according to Morgan Stanley. Morgan Stanley maintains an “Overweight” rating on Tesla, with a stock target of $430. Tesla’s advancements position it as a leader in fields like autonomous vehicles, eVTOLs, AMRs, and humanoid robots. The demand for passive…
Key Takeaways The Tesla Model 3 is identified as the most affordable car to run in the United States, according to Self Financial’s study. The Model 3 boasts the lowest annual energy costs of $636, which is significantly below the study average. Maintenance costs for the Model 3 are the lowest in the study, at…
Key Takeaways Several German companies, including Badenova, Viebrockhaus, and Rossmann, plan to avoid new Tesla purchases due to Elon Musk’s behavior and statements. Hans-Martin Hellebrand from Badenova criticizes Musk’s actions, claiming they undermine Germany’s business environment. Viebrockhaus’s CEO acknowledges Tesla’s prior impact but now feels the company’s current direction is unsupportable. Rossmann cites a clash…
Key Takeaways Tesla officially launches the new Model Y in the U.S., with deliveries expected in March 2025. The Model Y features a redesigned, aerodynamic exterior for improved range and performance. Updates include new wheels, tires, brakes, and a retuned suspension for a smoother ride. The Model Y is equipped with eight exterior cameras, including…