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Tesla (TSLA) Battery Fire at PG&E (PCG) Facility Shuts Down Highway
September 20, 2022 1:54 PM EDTA section of highway in California was closed around 1:30am this morning after PG&E (NYSE: PCG) became aware of a fire in one Tesla (NASDAQ: TSLA) Megapack at its Elkhorn Battery Storage facility in Monterey County. The California Highway Patrol told... More
Morgan Stanley Remains Bullish as Tesla (TSLA) Passes 'Peak China Dependency'
September 20, 2022 7:35 AM EDTMorgan Stanley reiterated an Overweight rating and $383 price target on American electric automaker, Tesla (NASDAQ: TSLA) after examining the companys position in China.
The electric vehicle market in China was valued at $124.2 billion in 2021 and is expected to grow to $799 billion in 2027 as per Mordor Intelligence. China currently accounts for 62% of the total global BEV sales. Teslas market share is around 9%. However, the Model Y remains the second most... More
