Tesla received at least four massive packages from IDRA today at Gigafactory Texas for its Giga Press. As Cybertruck production nears, IDRA’s machinery, which has been used by Tesla for automotive manufacturing, the automaker could be preparing to gear up for the first builds. Gigafactory Texas drone operator Joe Tegtmeyer posted pictures of several haulers […]
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Volvo Cars reported its electric vehicle sales share increased by 7.1 percent in 2022 compared to 2021. In 2022, Volvo sold 615,121 cars for the full year, which was a 12 percent decrease compared to 2021. However, EV sales increased to 10.9 percent of Volvo’s total sales for the year, a significant increase from the […]
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Tesla stock (NASDAQ: TSLA) continues to slide, presenting buying opportunities to investors. Analysts are beginning to spar with the idea that the automaker’s shares may be nearing an adequate purchase price after a 70 percent slide in the past year on Wall Street. Fundstrat’s Global Head of Technical Strategy Mark Newton said on CNBC on Wednesday […]
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Tesla Giga Shanghai accounted for more than 50 percent of the automaker’s global sales in 2022, data shows. Tesla Giga Shanghai gained notoriety as the company’s biggest contributor to company production and sales in 2021 after accounting for 51.7 percent of the automaker’s production that year. With the CPCA releasing Tesla’s relatively subdued sales figures […]
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Tesla Giga Shanghai is resuming production at high-speed and preparing to ship cars to customers as the plant is being stormed by delivery trucks and haulers. Rumors of production stoppages at Giga Shanghai circulated late last year, which caught many off guard with Tesla’s typical end-of-year production and delivery pushes. The automaker clarified the “stoppages,” […]
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Ford’s 2022 electric vehicle data showed tremendous growth. The automaker’s EV program was one of the most successful in 2022, despite tough market conditions. Ford said it more than doubled sales of EVs in 2022 compared to 2021. Thanks to the introduction of the Ford F-150 Lightning in 2022, the company sold 61,575 EV units […]
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Ford has reintroduced what could now be considered the ‘old-school’ way to control climate in your vehicle. The automaker rolled out its most recent software update this week for the Mustang Mach-E, which enables knobs instead of touch-enabled sliders to control the vehicle’s climate control. Ford’s Power Up 4.1.2 rolled out to Mustang Mach-E owners […]
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Tesla (NASDAQ: TSLA) analyst Dan Ives believes the automaker’s stock is being “oversold” as it combats a series of bearish headlines that have continued to hurt the share price. However, the slump continues to present buying opportunities for retail and institutional investors alike. Cathie Wood’s ARK Invest is still buying up shares, adding Tesla stock […]
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Tesla and Piedmont Lithium amended their supply deal for spodumene concentrate (SC6) through the end of 2025. SC6 is a high-purity lithium ore that is used to produce as a raw material and used for lithium-ion battery production. Tesla and Piedmont mutually agreed to amend the agreement, which was first signed in 2020, with new […]
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Tesla (NASDAQ: TSLA) analysts are responding to the company’s fourth-quarter delivery miss by cutting price targets and mulling over demand and growth. Tesla reported its delivery and production figures for 2022 and the fourth quarter yesterday, reporting 405,278 deliveries and 439,701 produced during the year’s final three months. Tesla delivered 1,313,851 cars in 2022, producing […]
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