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Tesla (TSLA) cuts Supercharging prices in Europe

Tesla (NASDAQ: TSLA) has cut Supercharger prices across most markets in Europe, decreasing fees by over ten percent as energy prices are stabilizing downward following the crisis.

In Europe, there have been major swings in electricity rates over the last year due to the war in Ukraine. Tesla had to adjust... More

BYD cuts starting price for Seal EV in bid to extend market lead over Tesla (TSLA)

Chinese automaker BYD Co cut the starting price of its best-selling Seal sedan by 10% on Wednesday as the electric vehicle maker aims to extend its lead in the world's largest auto market.

The new price for the vehicle is now 18% cheaper than the rear-wheel drive Model 3 made by the companys closest competitor, Tesla (NASDAQ: TSLA).

China's EV market is in the midst of a price war started by Tesla earlier this year, with several EV... More

Tesla (TSLA) achieves 5,000-unit weekly production milestone for Model Y

Electric vehicle giant, Tesla (NASDAQ: TSLA) said Tuesday that the automakers Texas facility has reached a 5,000-unit weekly production rate for its Model Y, equating to a roughly 260,000 vehicles annually.

The popularity of Tesla's Model Y has surpassed that of its sibling, the... More

U.S. EV shares slump following news of Lucid (LCID) and Fisker (FSR) poor 1Q results and production cuts

U.S. electric automakers saw a decline in share prices Tuesday morning following cuts to production forecasts by Lucid Group Inc (NASDAQ: LCID) and Fisker Inc (NYSE: FSR), with Lucid sliding 9% in early trading.

Fisker shares were last down 5.3% after the company reported quarterly results. The company reported 1Q EPS of ($0.38), $0.08 worse than the analyst estimate of ($0.30). Revenue for the quarter came in at $198 thousand versus the consensus estimate of $6.33 million. The EV maker also announced... More

Barclays predicts April back step as EV penetration reaches 14% in March report card

Barclays released a March EV report card as EV penetration reached 14%, up m/m and y/y, but still below elevated 4Q22. Analyst Dan Levy believes April is poised to be a slight step back in uptake, in-line with typical 1st month-of-quarter patterns. Tesla (NASDAQ: TSLA), however, had an impressive March share, benefiting from price cuts and an increased focus on low cost EVs exported from China.

China once again had the highest EV penetration rate among the major global regions (30% in March), yet was flat m/m.... More

Tesla (TSLA) to introduce 'end-to-end AI' in FSD v12 says Musk

With the imminent release of Teslas (NASDAQ: TSLA) Full Self-Driving (FSD) v11.4 to employees this week, Musk said the new version will feature so many major improvements and that it should becalled v12. However, The billionaire CEO commented on twitter that the v12 is reserved for when FSD is end-to-end AI, from images in to... More

Tesla (TSLA) to hold groundbreaking ceremony at Texas refinery Monday

Electric vehicle giant, Tesla (NASDAQ: TSLA) will hold a groundbreaking ceremony Monday to celebrate construction of its new $375 million lithium refinery just outside Corpus Christi. The companys billionaire CEO Elon Musk and Texas Gov. Greg Abbott are both expected to speak at the event.

The Tesla lithium refinery in Texas will produce battery-grade lithium. Tesla has noted that it will... More