Tesla taps Asian partners to address 4680 battery concerns

Elon Musk and BYD deny reports that Tesla (TSLA) is ending battery cooperation

Tesla (NASDAQ: TSLA) CEO Elon Musk and Chinese electric vehicle and battery maker BYD on Tuesday denied media reports saying the U.S. electric vehicle maker was ending cooperation with BYD on battery supplies.

The Korean Economic Daily on Sunday cited... More

Beep Inc. partners with North Carolina for Autonomous Vehicle Testing Projects

Autonomous and shared mobility solutions company, Beep Inc. announced Tuesday that the company has entered a partnership with North Carolinas Department of Transportation (NCDOT).

This partnership expands NCDOTs Connected Autonomous Shuttle Supporting Innovation (CASSI) program to further the states understanding of autonomous technologies and demonstrate the viability of shared autonomy. NCDOT and Beep will test applicable use cases for shared electric and autonomous shuttles.

The first pilot project will operate in... More

Bernstein’s Toni Sacconaghi analyzes Tesla’s (TSLA) addressable auto markets; reiterates Underperform

Bernstein reiterated an Underperform rating and $150.00 price target on Tesla Inc. (NASDAQ: TSLA) after analyst Toni Sacconaghi completed a bottom-up analysis of the EV makers addressable auto markets.

IHS estimates total vehicle sales last year were ~82M units. Bernstein and Sacconaghi believe... More

Morgan Stanley compares Rivian (RIVN) and Tesla (TSLA) at 50K milestone

Morgan Stanley reiterated an Overweight rating and $26.00 price target on Rivian (NASDAQ: RIVN) as the automaker targets 50k units of production in 2023. When Tesla crossed the 50k unit milestone in 2015, it earned a positive 21.3% gross margin. However, analyst Adam Jonas estimates a negative 68% gross margin for Rivian.

Morgan Stanley spoke with management last... More

Tesla (TSLA) stops use of BYD batteries citing quality concerns

Barclays reiterated an Overweight rating on Tesla (NASDAQ: TSLA) with a $275.00 price target following reports that the electric vehicle company has stopped using BYD batteries in their low-priced models. The report from hankyung.com also notes that LG is developing LFP batteries per TSLA... More

Morgan Stanley remains bullish on Tesla (TSLA) as price cuts fail to trigger demand

Morgan Stanley reiterated an Overweight rating and $220.00 price target on Tesla Inc. (NASDAQ: TSLA) as recent price cuts fail to trigger the strong demand-response expected by the industry.

Morgan Stanleys China team believe that Tesla's price cuts started a broader round of industry price reductions... More

Wolfe Research Downgrades Tesla (TSLA) to Peerperform on Growing Macro Concerns

Wolfe Research analyst Rod Lache downgraded Tesla (NASDAQ: TSLA) from Outperform to Peerperform.

The analyst comments "We upgraded TSLA in September 2022 based on three assumptions: 1. We thought that TSLAs cost reduction opportunities were under-appreciated; 2. We believed that TSLA would disproportionately benefit from the US IRA, and; 3. We believed that both factors would help support growth, as we anticipated that TSLA would leverage these advantages to steadily reduce prices while maintaining surprisingly strong margins. Were still convinced of Teslas impressive cost... More

President Xi adds oversight risk to China EV battery growth plans

Battery makers in China were put on notice this week following a message from President Xi Jinping. On Monday, the President said that he had mixed feelings about CATL and its status as the world's largest battery maker. Xi said that he was both pleased and concerned about CATLs electric vehicle battery dominance.

Xis remarks showed CATL has drawn the attention of top Chinese officials. Since last year, CATL's customers have... More

Tesla (TSLA) recruits Asian partners to address battery concerns

An exclusive story by Reuters on Friday reports that electric vehicle giant, Tesla (NASDAQ: TSLA) is recruiting Chinese and Korean materials suppliers to help lower cost and boost the energy of its newest battery cells, according to people familiar with the plans.

According... More