Hertz has fewer Teslas in its fleet than planned
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BTIG Says Now is Time to Fade Tesla (TSLA) Rally, 'Even if you are bullish on the name, these levels appear overextended'
February 9, 2023 11:33 AM ESTBTIG Says Now is Time to Fade Tesla (NASDAQ: TSLA) Rally.
CMT Jonathan Krinsky comments "Tesla (TSLA, Not Rated) is working on its 8th consecutive up day. It has more than doubled off its January 6th low. The 24-day rate-of-change (87%) is the... More
Lucid Group (LCID) enters Tesla-led price war with $7,500 EV credit offer
February 9, 2023 10:49 AM ESTLucid Group (NASDAQ: LCID) announced Thursday that the American EV company will be offering a new $7,500 credit for customers buying select variants of the Air luxury electric car. The credit unofficially announces the groups entry into what is being called a Tesla-led price war.
The recent... More
Lucid Group (LCID) responds to competitor price cuts with new EV credit
February 9, 2023 10:32 AM ESTAmerican electric vehicle maker, Lucid Group, Inc. (NASDAQ: LCID) announced Thursday that, starting today, new customers can receive a $7,500 EV credit when they purchase a new Lucid Air. The limited time offer is available for select configurations of Lucid Air Touring and Air Grand Touring models purchased by March 31, 2023.
"We think... More
Increasing competition and share losses have Bernstein doubting Tesla (TSLA)
February 9, 2023 7:52 AM ESTBernstein reiterated an Underperform rating and $150.00 price target on Tesla (NASDAQ: TSLA) as electric vehicle makers report 2022 numbers.
2022 was another year strong year for EV growth. Battery EVs grew ~70% from 3.8M to 6.5M, on top of a strong comp of ~110% in 2021. Amid an overall decline in the auto market, BEVs now account for 8.3% of total light vehicle volumes.
Despite unit growth of 40%, Tesla's BEV share actually declined from 25% in 2021 to 20% in 2022, and down ~800 bps from its peak of 28% in 2020.... More
Beep Inc. appoints three new executives in leadership expansion
February 8, 2023 10:20 AM ESTAutonomous mobility company, Beep, Inc. announced Wednesday that the company has expanded its leadership team with the appointments of three new executives to aid in the scalability of their next generation platform.
Katrina Heineking joins Beep as Executive Vice President, Operations, bringing more than three decades of experience in transit systems in the public and private sectors. Prior to joining Beep, Katrina was responsible for helping create and head... More
