Tesla nominates co-founder JB Straubel to board

Chinese vehicle sales fall flat in March as price war continues

The China Passenger Car Association (CPCA) released data Monday showing growth in vehicle sales was flat in March compared to a year earlier. According to the CPCA, car sales in March were 1.61 million units. In the first three months, sales had fallen 13.4% to 4.33 million units.

Sales of new energy vehicles (NEVs), which include pure battery electric cars and plug-in hybrids, rose 21.9% in March and accounted... More

Tesla (TSLA) prepares for 2023 Cyber Roundup shareholder meeting on May 16

Electric vehicle giant, Tesla Inc. (NASDAQ: TSLA) will hold its 2023 Annual Shareholder Meeting (also known as the 2023 Cyber Roundup) on Tuesday, May 16 at 4 PM CT at its Gigafactory in Texas.

This years annual meeting features the potential return of the companys former Chief Technology Officer JB Straubel. The former CTO has been nominated to become a member of Teslas Board of Directors. Straubel is considered one of the companys co-founders and has been... More

BYD launches new chassis suspension system in effort to move upmarket

Chinese automaker, BYD on Monday announced the launch of their new chassis suspension system as the electric vehicle maker ramps up efforts to move upmarket with premium products.

The BYD DiSus Intelligent Body Control System is similar to the chassis suspension systems available in premium and luxury... More

Tesla (TSLA) facing class action lawsuit over alleged privacy violations

San Francisco resident and Tesla (NASDAQ: TSLA) owner, Henry Yeh on Friday filed a lawsuit against the electric carmaker in a prospective class action case accusing the company of violating the privacy of customers.

The lawsuit in the U.S. District Court for the Northern District of California followed reports on Thursday that groups of Tesla employees privately shared via an internal messaging system sometimes highly invasive videos and images... More

Morgan Stanley views Tesla’s (TSLA) move for a new factory in Mexico as 'critical' to diversify supply chain; Reiterates outperform

Morgan Stanley reiterated an Overweight rating and $220.00 price target on Tesla (NASDAQ: TSLA) after spending a week in Mexico meeting with corporates and policy makers. According to analyst Adam Jonas, Tesla's newest destination, Nuevo Leon Mexico, is critical to the company's continuing efforts to... More