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Tesla (TSLA) Battery Fire at PG&E (PCG) Facility Shuts Down Highway

A section of highway in California was closed around 1:30am this morning after PG&E (NYSE: PCG) became aware of a fire in one Tesla (NASDAQ: TSLA) Megapack at its Elkhorn Battery Storage facility in Monterey County. The California Highway Patrol told... More

Morgan Stanley Remains Bullish as Tesla (TSLA) Passes 'Peak China Dependency'

Morgan Stanley reiterated an Overweight rating and $383 price target on American electric automaker, Tesla (NASDAQ: TSLA) after examining the companys position in China.

The electric vehicle market in China was valued at $124.2 billion in 2021 and is expected to grow to $799 billion in 2027 as per Mordor Intelligence. China currently accounts for 62% of the total global BEV sales. Teslas market share is around 9%. However, the Model Y remains the second most... More

Tesla (TSLA) Completes Expansion at Shanghai Plant

Reuters reports today that a project to expand production capacity at Teslas (NASDAQ: TSLA) has been completed, according to a statement on a Shanghai government platform for companies' environmental information disclosures.

Previous reports show that the electric vehicle company had... More

Bernstein Expects EV Battery Demand to Rise; Will IRA Budget be Enough?

When U.S. President Joe Biden signed the Inflation Reduction Act (IRA) into law in August, he called it an historic step to fight inflation, lower costs, and create jobs that corporations cant ship overseas. The law was designed to do several things, not least of which was to combat climate change through clean energy and electric vehicle (EV) tax incentives.

Under the new law,... More