Tesla (TSLA) China Price Cuts "May Affect Already-Weak Market Sentiment' - Morgan Stanley's Jonas
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Tesla (TSLA) Faces Criminal Probe Over Self-Driving Claims
October 26, 2022 3:56 PM EDTAn exclusive story by Reuters reports that American electric vehicle giant, Tesla Inc (NASDAQ: TSLA) is under criminal investigation by the United States over claims that the companys electric vehicles can drive themselves.
According to people familiar with the matter, the U.S. Department of Justice launched the previously undisclosed probe last year following more than a dozen crashes, some of them fatal, involving Teslas driver assistance system Autopilot, which was activated during the accidents.
Musk said in an interview with Automotive News in 2020 that Autopilot problems stem from... More
Tesla (TSLA) Semi Gains EPA Certification and Will Begin Deliveries
October 25, 2022 2:04 PM EDTToday it was announced in an exclusive report by Teslarati.com that Tesla (NASDAQ: TSLA) has officially gained approval by the EPA to begin deliveries of their electric Tesla Semi to customers. The EPA told Teslarati that the 2023 Tesla Semi has officially been granted a Certificate of... More
Wolfe Adjusts Estimates Following Tesla’s (TSLA) Price Cuts in China
October 25, 2022 7:41 AM EDTShares of electric vehicle company, Tesla Inc. (NASDAQ: TSLA) were down 1.49% at the close of trading on Monday after the electric vehicle company announced that they would be cutting the price of their popular Model 3 and Model Y by around 5%. The stock initially reacted sharply to the news, trading down about 7% at one point. But the... More
Deutsche Bank Unsurprised Following Tesla (TSLA) Price Cuts
October 25, 2022 7:21 AM EDTShares of Tesla (NASDAQ: TSLA) are down 0.73% in pre-market trading on Tuesday after price cuts saw the electric vehicle stock close at 211.25 on Monday, down 1.49%. Chinese electric vehicle stocks followed suit with declines averaging 15% compared to the NASDAQs +1%. Deutsche Bank attributes this weakness to negative surprise around the new Chinese leadership selection, lack of updates surrounding COVID zero policies, and concerns following Teslas price cuts.
Tesla lowered the domestic China price for their Model 3 and Model Y by around 5% on Monday. The cuts were not unexpected and should not come... More
