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Tesla (TSLA) recalls 40,000 U.S. vehicles

Electric car maker, Tesla Inc. (NASDAQ: TSLA) is down 1.10% in pre-market trading on Tuesday after the company announced a recall on 40,000 2017-2021 Model S and Model X vehicles. According to the recall, the vehicles may experience a loss of power steering assist when... More

Deutsche Bank cuts price target on Nio (NIO) ahead of 3Q report

Deutsche Bank Securities reiterated a Buy rating on Nio Inc. (NYSE: NIO) and cut the price target to $20.00 (From $39.00) ahead of the companys 3Q earnings report. The electric vehicle maker is scheduled to report 3Q earnings this Thursday Nov 10th before US market opens.

Deutsche Bank is expecting Nio to report a mostly decent quarter with the potential for a headline margin upside from regulatory credits. However, analyst... More

Lucid (LCID) files lawsuit against Texas over direct sales ban

Lucid Motors (NASDAQ: LCID), an American electric vehicle maker headquartered in California, has filed a lawsuit against the state of Texas over the state's rules on auto dealerships, which the EV startup labels "economic protectionism."

In a suit filed in Austin, Lucid said... More

Tesla (TSLA) Nio (NIO) and Renault Earn Top Marks from Green NCAP

The Green National Car Assessment Program (Green NCAP) released a new set of results on Monday focused on three vehicles during this latest round the Tesla Model 3, NIO eT7 and Renault Megane E-Tech. All three vehicles received an impressive five stars under the Green NCAP sustainable rating scheme, achieving nearly maximum scores due to the high energy efficiency of their electric powertrains, far exceeding the ratings of conventional cars.

The Tesla Model 3, with a battery capacity of 60 kWh, single motor, rear wheel drive and a power of 208 kW is the smallest vehicle of the Tesla (NASDAQ:... More

Tesla (TSLA) Gains Approval for Southfield R&D/Repair Facility

Electric vehicle giant, Tesla Inc. (NASDAQ: TSLA) has received approval from Michigan's City of Southfield to expand a building for a research development and repair facility.

The city recently updated its zoning ordinance to allow for "this type of use," Southfield Planning... More