Tesla stock (TSLA) holding steady amid signs of Model 3 sustained ramp, vote of confidence from Detroit

Tesla shares (NASDAQ:TSLA) are holding steady following Monday’s steep dive after investors weighed in on the now-deleted wild remarks made by CEO Elon Musk over Twitter. As signs emerge that Model 3 production ramp will remain consistent, bolstered by positive sentiment from Detroit after veteran Sandy Munro concluded that Tesla could exceed a 30% profit […]

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New electric car bill to extend $7,500 tax credit and remove 200k cap gains support

A bill to remove the 200,000-vehicle cap for electric car manufacturers and extend the $7,500 tax credit for new EVs until 2028 gained more supporters recently, with Rep. Darren Soto (D-FL) and Rep. James P. McGovern (D-MA) signing as cosponsors of H.R.6274, also known as the Electric CARS Act of 2018. The Electric CARS Act […]

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Tesla Model 3 exceeds 30% profit, says Sandy Munro after teardown analysis

Teardown specialist Sandy Munro has completed his company’s analysis of the Model 3, and according to the Detroit veteran, Tesla’s compact electric car is solidly profitable. By studying the vehicle’s components, Munro estimates that Tesla would see more than 30% worth of profits from the Long Range RWD version of the vehicle. Munro’s latest segment […]

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Tesla Model S, Model 3 set hypermile records: 701 mi. (1128 km) and 623 mi. (1001 km), respectively

German car rental company nextmove recently set a new hypermile record for the Tesla Model S, traveling a total of 701 miles (1,128 kilometers) on a single charge over more than 30 straight hours of driving at the DEKRA test circuit at Lausitzring in Brandenburg, Germany. Being a car rental company, nextmove was quite familiar […]

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