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Citi Updates Deliveries Estimate on Tesla (TSLA): 'Our Q3 delivery estimate is reduced to 450k from 468.5k'

Citi analyst Itay Michaeli reiterated a Neutral rating and $278.00 price target on Tesla (NASDAQ: TSLA)

The analyst comments "Ahead of Teslas Q3 vehicle delivery release, were updating our model to reflect latest available datapoints. Our Q3 delivery estimate is... More

Britain keeps timeline for 2035 fossil fuel Car phase-out despite delay

Britain revealed Thursday that the country will continue with its previous timetable to eliminating fossil fuel-burning cars by 2035, mitigating the consequences of last week's five-year delay, which now mandates that petrol and diesel vehicles must incorporate hybrid engines.

This announcement means that the policy shift introduced last week by Prime Minister Rishi Sunak's will not generate as much disruption to the industry as manufacturers had... More

Tesla (TSLA) trial concerning an autopilot death begins in California

The first U.S. trial over allegations that Tesla's (NASDAQ: TSLA) Full Self-Driving (FSD) autopilot technology factored into to the death of a Tesla driver in a fatal accident. The outcome of this trial has the potential to establish important legal precedents for similar cases nationwide.

Taking place in a California state court, this trial is the result of a civil lawsuit alleging that the Autopilot system was responsible for causing Micah Lee's Model 3 to abruptly deviate from a highway just east of Los Angeles,... More

Lucid (LCID) opens EV factory in Saudi Arabia

Electric automaker, Lucid Group (NASDAQ: LCID) announced Wednesday the opening of the companys first international manufacturing plant. The facility is located in Saudi Arabia's Jeddah city and was constructed under a deal designed to help boost the Middle Eastern country's transition to... More

Morgan Stanley observes the UAW strike as Tesla (TSLA) influence 'looms larger that it appears'

Morgan Stanley remains bullish on Tesla (NASDAQ: TSLA) with an Outperform rating and a $400.00 price target on their Top Pick as the UAW continues to strike against the auto industry.

Morgan Stanley sees the UAW strike of 2023 as very similar to the 2019 strike against General Motors (NYSE: GM), but with a significant difference. Last time there was no viable alternative to domestic auto production outside of the Detroit 3 (GM, Ford, Stellantis).

In 2019, when the UAW went on strike for a grueling six weeks, Tesla (NASDAQ:... More