Tag: Tesla
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Billionaire Investors Flock to Amazon, Alphabet, and Tesla Ahead of 2024
Understanding Stock Splits A stock split is an event that allows a publicly traded company to adjust its share price and outstanding share count without affecting its market capitalization or performance. It is a cosmetic change that can make a company’s shares more affordable for everyday investors (forward stock split) or ensure continued listing on […]
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Tesla’s Loss of EV Tax Credits Could Spark Price Wars, Impacting Rivian
Implications of the Tax Credit Change Tesla has clarified that the performance trim level of the Model 3 will still be eligible for the tax credit. However, the more affordable versions will not qualify. There is a possibility that the automaker may pass on some savings to consumers. According to the Inflation Reduction Act rules, […]
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Tesla Recalls 120,000 Cars Over Crash Hazard, Following Previous Autopilot Recall
Faulty Doors Identified in 2021-2023 Model S and Model X Vehicles Tesla engineers discovered the problem during recent testing. It was observed that the cabin door could unlatch on the non-struck side following an impact. The issue resulted from the inadvertent exclusion of lockout functionality in software updates released in late September 2021. Consequently, the […]
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Tesla’s Path to $1 Trillion Market Cap by 2024, Outperform Rating Reiterated
Positive Outlook for Tesla’s Sales Growth In the past, skeptics had concerns about declining demand and increasing competition for Tesla. However, the current outlook is more favorable, with expectations of the company selling an impressive 1.8 million units in 2023. This positive sentiment has fueled discussions among investors about Tesla’s future, particularly regarding pricing strategies […]
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Tesla Expands Energy-Storage Battery Production with New Factory in China
New Factory to Produce 10,000 Megapack Units Annually During the initial phase, the new factory will have the capacity to produce 10,000 units of Tesla’s Megapack, a large-scale energy storage product. These units will be sold worldwide, catering to the global demand for energy storage solutions. The Tesla project represents a positive development for the […]
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Tesla Struggles with Battery Production as Cybertruck Outlook Remains Uncertain
Key Battery Production Figures and Expansion Plans The 4680 batteries used in the Cybertruck require Tesla to manufacture an estimated 340 million cells per year, or almost a million cells daily, to meet the demand of producing 250,000 electric pickups annually. However, Tesla’s Austin factory currently takes about 16 weeks to produce 10 million 4680 […]
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Tesla Faces Fierce Union Pressure as Strikes Sweep Across Scandinavia
How did the Tesla strike gain steam? The strike by mechanics affiliated with the Swedish metalworkers’ union, IF Metall, has since gained momentum. Sympathetic workers from various sectors are withholding their services to put pressure on Tesla. Among those taking action are members of the country’s transport union, who have stopped collecting waste from Tesla […]
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Tesla Asks Judge to Pause Federal Lawsuit: Cites ‘Toxic Interagency Competition’
Background Tesla Inc has filed a request with a U.S. judge to temporarily halt a lawsuit by a federal agency, which accuses the company of severe harassment towards Black workers at its assembly plant in California. Tesla argues that two similar cases should be resolved first before pursuing this lawsuit. The filing, made in San […]
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Tesla Faces Lawsuit Over Allegations of Stalking Through Vehicle Technology
Emerging Trend of Technology-Enabled Stalking Cases of technology-enabled stalking involving cars are on the rise as automakers introduce increasingly sophisticated features like location tracking and remote control. Divorce lawyers, private investigators, and anti-domestic violence advocates have witnessed a surge in such abusive behavior. While similar concerns have prompted technology companies like Google and Apple to […]
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Rivian’s Road to Recovery: Scaling Production and Closer to Breakeven
Scaling-up Production, Securing Major Contracts Rivian is initially focusing on the production of larger vehicles, including pick-up trucks, SUVs, and commercial vans. Its R1T premium pick-up has gained popularity among affluent customers in the United States, and the R1S SUV is scheduled for delivery within the next few quarters. Within less than two years, Rivian […]