Tag: TSLA
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Tesla Expects Capital Expenditure to Exceed $10 Billion by 2024
Tesla’s 10-K Annual Report Highlights Impending Capital Expenditure Tesla Inc., the renowned electric-vehicle manufacturer, is projecting that its capital expenditure will surpass $10 billion by 2024. Furthermore, for the subsequent two fiscal years, the company anticipates capital expenditure to range between $8 billion and $10 billion. These estimations were revealed in Tesla’s 10-K annual report […]
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Tesla’s Dojo Supercomputer: Transforming Self-Driving AI with Buffalo’s Reliable Power and Talent Pool
Overview Tesla has announced its decision to relocate the Dojo supercomputer project to Buffalo, New York. The move was motivated by the city’s reliable power supply, strong talent pool, and availability of suitable space for the project, according to Governor Hochul’s office. Dojo, which was initially revealed during Tesla’s “AI Day” event in 2021, is […]
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Tesla Faces Slower Growth and Increased Competition as EV Market Shifts
Competition from China’s BYD and Global EV Sales Slowdown Chinese automaker BYD, backed by Warren Buffett, has emerged as a significant threat to Tesla. BYD focuses on affordable models such as the $10,000 Seagull and has surpassed Tesla in global EV sales. Elon Musk, Tesla’s CEO, acknowledged the challenge posed by Chinese automakers, stating they […]
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Despite Subsidies and Hype, EVs Face Uphill Battle as Consumers Choose Gasoline
The Rise and Fall of Electric Bread Makers In the early 1990s, an electric bread maker became a must-have appliance for every self-respecting American yuppie and retired suburban couple. This craze led to the sale of 4 million units. However, the fad quickly faded as these enthusiastic amateur bakers discovered that achieving the perfect loaf […]
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Tesla Defies Expectations, Solidifies Position as Reliable Automaker
A Triumph in Price Competition At the start of the year, Tesla’s price reductions created anxiety among investors as the profit margins of the company’s leading automotive division were eroded. These margins had historically been used to justify Tesla’s market value surpassing that of the traditional automotive industry. Competitors such as Ford, GM, and Mercedes-Benz, […]
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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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1. Riot Platforms, C3.ai, and Tesla: Stocks at Risk of Losing Steam in 2024 2. C3.ai: AI Boom May Fizzle Out, Investors Beware 3. Tesla’s Growth Streak May Slow Down in 2024, Investors Warned
Riot Platforms (RIOT 6.15%) – Potential for Steam Exhaustion The impressive performance of Riot Blockchain this year can be attributed to the soaring valuations in the cryptocurrency market, with Bitcoin’s price surging by more than 150%. Riot has not only captured the upward momentum but has outperformed the market significantly, with its share price rising […]
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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 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 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 […]