Tesla and Apple rise premarket; Norfolk Southern and Lordstown Motors fall

Regulators open probe into Tesla's Model Y following reports of steering wheels falling off

The National Highway Traffic Safety Administration (NHTSA) announced Wednesday that they are opening a preliminary investigation into 120,000 2023 Tesla Model Y vehicles following two reports of steering wheels falling off while driving.

NHTSA said "both vehicles received an end of line repair requiring removal and re-installation of the steering wheel."

The agency said it received... More

Elon Musk discusses Tesla (TSLA) and SpaceX at Morgan Stanley's TMT conference

Morgan Stanley reiterated an Overweight rating and $220.00 price target on Tesla Inc. (NASDAQ: TSLA) after Elon Musk answered questions at Morgan Stanleys Technology, Media and Telecoms Conference in San Francisco yesterday.

The billionare CEO reiterated his views released on the companys investor day that it is entirely possible to convert the global fossil fuel economy to renewable with 240 TWh of lithium ion batteries (accumulated production over time), adding that the majority of this would be lithium iron... More

BYD Plans commercial electric vehicle push

The Wall Street Journal reports Wednesday, citing people familiar with the companys plans, that Tesla (NASDAQ: TSLA) rival, BYD is now plotting a big push into battery-electric commercial vehicles.

The automaker has risen over the past decade to become one of the top global... More

Tesla (TSLA) sold 74,402 China-made vehicles in February

Data from the China Passenger Car Association (CPCA) showed on Friday that Tesla (NASDAQ; TSLA) sold 74,402 China-made electric vehicles (EV) in February, up 31.65% from a year earlier, and up 12.6% from January, when the U.S. electric car maker delivered 66,051 China-made Model 3 and Model Y electric cars.

Tesla's... More

Lordstown (RIDE) delivers just 3 EV pickups in 2022, pivots to new EV platform

Electric Vehicle startup, Lordstown Motors (NASDAQ: RIDE) announced its 4Q22 earnings results Monday morning, posting a loss as the company struggles with production costs. The EV maker also announced that it missed its delivery target for the Endurance pickup truck in the period, delivering just 3 vehicles out of the 50 targeted... More