Tesla allegedly considering new factory sites around North America: report

While Tesla is hard at work ramping the production capabilities of Gigafactory Texas, the company is reportedly also considering some locations around North America for its next plant. The update was reportedly related by Elon Musk during a company-wide meeting with Tesla workers.  During the meeting, Musk was asked about Tesla’s plans regarding the location […]

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Tesla (TSLA) stock gets upgraded to “Outperform” at RBC Capital Markets

Tesla stock (NASDAQ:TSLA) may be feeling some pressure on Monday’s intraday, but the electric vehicle maker actually received a rather optimistic outlook from RBC Capital Markets. In recent comments, analyst Joseph Spak raised his rating for Tesla from “Perform” to “Outperform,” though he lowered his price target from $1,175 to $1,100 per share. It’s not […]

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Tesla hiring 500-600 staff a month at Gigafactory Berlin: Economy Minister

Tesla Gigafactory Berlin is ramping its operations. In a recent email, Elon Musk himself confirmed that the Grunheide-based plant is closing in on a production rate of nearly 1,000 Model Y per day. But Giga Berlin is only getting started.  As per recent comments by the regional economy minister of Brandenburg on Monday, Tesla is […]

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Elon Musk shares sincere thanks to Tesla’s employees in recent email

Apart from a message to Tesla employees that revealed some interesting tidbits about the state of the Model Y production ramp in Gigafactory Berlin and Texas, Elon Musk also sent an email to the Tesla team about how much he appreciates their work. Musk did not hold back on his praise for Tesla’s workers, noting […]

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Tesla to accelerate Model Y Right Hand Drive production due to underestimated demand

Tesla took a while before it started Model Y deliveries in Australia, but once the vehicle was made available for orders, it didn’t take long before the demand for the all-electric crossover overwhelmed the EV maker. Just days into the market, Tesla’s estimated delivery dates for the Model Y were adjusted well into next year. […]

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Toyota faces stern critique from European funds for its lackluster EV strategy

There was a time when Toyota was one of the world’s greenest auto manufacturers. The company practically made hybrids mainstream with the Prius, but it has maintained a conservative stance on electric vehicles since then. Today, Toyota lags behind its American and South Korean competitors in battery-electric cars, and its hydrogen-powered sedan, the Mirai, remains […]

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Tesla Model 3 glass roof shows its strength by tanking a falling tree in China

Teslas may be among the most technologically-advanced vehicles on the road, but they are also extremely tough. Despite their sleek looks, their trademark components such as their glass roofs have been proven to be extremely durable. The Tesla Model S, for example, made headlines when it was tested by the NHTSA. During the course of […]

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Damaged Ford F-150 Lightning Lariat reportedly sells for $110k at auction

There is no doubt that the Ford F-150 Lightning is a popular vehicle. The demand for the all-electric truck is so notable that Ford has increased its production targets for the vehicle several times over. Recent reports have also revealed that some Lightnings are selling for above their MSRP, despite Ford CEO Jim Farley’s preferences.  […]

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Tesla implements subtle interest rate hike for financed vehicles

Tesla’s list prices for its vehicles have not experienced a notable rise recently, but the EV maker has initiated a more subtle price increase for its financed vehicles nonetheless. As could be seen in Tesla’s online payment calculator, the featured financing rate is now 3.74% APR, a 0.5% increase compared to last month’s interest rate […]

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Barclays cuts Tesla (TSLA) Q2 estimate to 251k from 315k over China challenges

To state that Tesla’s second quarter this year has been challenging would be an understatement. With Giga Shanghai being shut down for several weeks, the company’s overall vehicle production and delivery figures for Q2 2022 would likely be adversely affected. It appears that Wall Street is taking these factors into consideration. In a recent update, […]

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