Tesla says it is 'morally obligated' to continue improving Autopilot, reiterates safety claims
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Indonesia eases tax rules on EV imports in bid to attract investment
December 13, 2023 10:14 AM ESTThe Indonesian government released details of new regulations, signed December 8th, designed to attract investors looking to build electric vehicle (EV) plants in the country.
The new regulations will grant automakers that plan to build electric vehicle plants tax incentives on their imports of completely built EVs until 2025.
Under the plan, companies that have already invested in EV plants, intend to boost their EV investments, or have plans for future investments in this sector... More
Swedish union to halt waste collection at Tesla (TSLA) locations
December 13, 2023 9:53 AM ESTSweden's Transport Workers' Union revealed Wednesday that the organization would discontinue waste collection at Tesla (NASDAQ: TSLA) locations in Sweden. The union joins a growing collection of labor groups enacting sympathy strikes on behalf of Tesla employees, with an aim to pressure the electric automaker into accepting a collective bargaining agreement for their staff.
Tesla is facing backlash in the Nordic region due to opposition... More
Citi Comments on Tesla (TSLA) Autopilot Recall
December 13, 2023 9:29 AM ESTCiti analyst Itay Michaeli reiterated a Neutral rating and $255.00 price target on Tesla (NASDAQ: TSLA).
The analyst comments "Tesla is recalling vehicles >2mln vehicles for an Autopilot-related issue. The issue will be remedied via an over-the-air (OTA) software update, so wed expect... More
Tesla (TSLA) announces some Model 3 EVs will lose $7,500 tax credit
December 13, 2023 7:50 AM ESTElectric automaker, Tesla (NASDAQ: TSLA) revealed on their website late Tuesday that the companys Model 3 Rear-Wheel Drive and Long Range EV will no longer qualify for a $7,500 federal tax credit starting December 31st based on new guidance under the U.S. Inflation Reduction Act.
The U.S. Treasury, earlier this month, released guidelines outlining fresh battery sourcing... More
Tesla (TSLA) recalls over 2M EVs to fix faulty Autopilot
December 13, 2023 7:41 AM EST(Updated - December 13, 2023 9:41 AM EST)
UPDATE: Analyst comments and market reaction
The National Highway Traffic Safety Administration (NHTSA) released documents Wednesday announcing that electric vehicle maker, Tesla (NASDAQ: TSLA) will recall more than 2 million vehicles to fix a faulty system thats supposed to ensure drivers are paying attention when they use Autopilot.
Shares of TSLA opened trading on Wednesday down 0.25%.
According to the documents, the company will send out an over-the-air software update to fix the problems.
The recall affects the 2012-2023 Model... More
