Bears shorting ten of the most-shorted stocks this year have suffered a combined $17 billion in mark-to-market losses through Thursday, as per data analytics firm S3 Partners. Tesla, which has seen a 69% surge since the beginning of 2023, dealt the largest blow to its short-sellers, with traders betting against the company seeing losses totaling […]
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The legal teams of Tesla CEO Elon Musk and TSLA investor Richard Tornetta are expected to make their closing arguments on Tuesday. The shareholder, who held only nine TSLA shares when he filed his case in 2018, had alleged that the CEO dictated the terms of his pay package so that he could meet its […]
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Industry watchers in China have released their estimates for the week of February 13-19, 2023. The estimates suggest that Tesla China saw 5,913 insurance registrations during the week, a time when the electric vehicle maker is still focusing on exporting its vehicles. Tesla Gigafactory Shanghai serves as the company’s primary vehicle export hub. Thus, Tesla […]
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A crash involving a Tesla that collided with a firetruck on Saturday in California has prompted the National Highway Traffic Safety Administration to seek more information. The NHTSA said it contacted Tesla for additional information regarding the collision, according to Reuters, which involved a Tesla Model S, the company’s flagship sedan, and a firetruck that […]
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Tesla has reportedly narrowed in on the location of its upcoming production facility in Mexico. Tesla’s drive towards ever higher production numbers combined with the sky-high demand for its vehicles in North America has brought the automaker to Mexico, where it plans to place its newest vehicle production facility. However, until recently, it has remained […]
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Nissan has cut the price of its recently launched Nissan Ariya in China, following a similar move from Toyota earlier this month. Tesla’s price cuts at the beginning of this year have had a massive effect on competing automakers, and nowhere has that been seen better than in China. Tesla’s main competitor BYD saw EV […]
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Tesla China is continuing its incremental price increases on the Model Y, adjusting the prices of both the Long-Range and Performance trim levels late last week. Tesla increased prices on both Model Y configurations by 2,000 yuan, or $291.87. The Long Range Model Y is now 311,900 yuan ($45,517,56), while the Performance configuration is 361,900 […]
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Elon Musk recently critiqued the definition of a “recall” as Tesla works to ship a fix for its Full Self-Driving Beta program through an Over-the-Air update. Tesla is one of the few companies that fixes most of its vehicle issues through software updates that can be downloaded to a vehicle with an internet connection. Tesla […]
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The Tesla Model 3 is the electric vehicle maker’s most affordable vehicle today, but in California, the all-electric sedan is even more attainable. This is thanks in part to the state’s Clean Vehicle Rebate Project (CVRP), which provides an additional rebate for qualified customers. A look at Tesla’s online configurator for the Model 3 sedan […]
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Last week, Tesla initiated a recall on 362,758 vehicles equipped with FSD Beta. As per the National Highway Traffic Safety Administration (NHTSA), the recall was initiated due to a fault that may cause FSD Beta to exceed the speed limits of inner city roads or travel through intersections in an unlawful manner. Tesla’s FSD Beta […]
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