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BYD announces discounted pricing for select models

Tesla (NASDAQ: TSLA) rival, and leading seller of battery electric vehicles, BYD announced Thursday on its social media account that the Chinese automaker will be offering discounts on some models, intensifying competition in the biggest auto market.

The discounts will... More

Bernstein examines key data points from Tesla's (TSLA) investor day; reiterates Underperform

Bernstein reiterated an Underperform rating and $150.00 price target on Tesla (NASDAQ: TSLA) after breaking down key data points from the EV makers 2023 Investor Day.

On 1st March, Tesla held its Investor Day. Writes analyst Toni Sacconaghi. The company provided select quantitative updates, and with some simple math, we found the implications of several of them interesting:

Tesla produced its 4 millionth car on its investor day. To this point, Tesla had produced 3.73M cars in its history, pointing to about 273K cars produced this quarter, ~64% of consensus production estimates (428k cars for Q1).... More

The Tesla (TSLA) Cybertruck is likely to be a 'cult car' with limited volume says Morgan Stanley

Morgan Stanley reiterated an Overweight rating and $220.00 price target on Tesla (NASDAQ: TSLA). After speaking with clients, analyst Adam Jonas feels there may be some room to manage expectations about the significance of the Cybertruck.

There are some who believe that Tesla may sell many hundreds of thousands of Cybertrucks annually. However, Jonas thinks it will more likely be an enthusiast/cult car with far more limited volume. Somewhere closer to 50k units/year.

The Cybertruck is an important element of... More

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