Tesla

In a Q1 earnings call on Monday, Tesla (TSLA) reported a record net income of $438 million, with $10.39 billion in revenue. Following the call, one analyst has upgraded his price target for the company’s shares. Oppenheimer analyst Colin Rusch raised Tesla’s price target to $1,080 from $1,036 on Tuesday, maintaining an Outperform rating on […]

On Tuesday, Loup Ventures Co-Founder and Managing Partner Gene Munster debated the bear-ish Gordon Johnson, the founder and CEO at GLJ Research on CNBC’s Squawk Box. In the segment, Munster said that Tesla (TSLA) is a “definitional growth story,” despite many production issues with the recent semiconductor shortage and Munster said, “This is rare what’s […]

During Tesla’s first quarter earnings report, the company said its Model 3 sedan was the “best-selling premium sedan in the world,” a stat based on the most recent comparable publicly available OEM data. Tesla said “about three and a half years into its production, and even without a European factory,” the Model 3 led worldwide […]

Tesla has revealed the early conclusions of a joint study with the NTSB, NHTSA and local police, regarding the Model S crash in Spring, Texas, that media reports erroneously claimed was the result of the company’s Autopilot system. During Tesla’s Q1 2021 earnings call, a retail investor asked, “does Tesla have any proactive plans to […]

During Tesla’s Q1 2021, the company also provided an update on its Autopilot and Full Self-Driving (FSD) technology. According to Tesla, V9 of FSD City Streets beta “will soon become more widely available” in the United States. Tesla says it believes a “vision-only system is ultimately all that is needed for full autonomy.” Tesla explains […]

Tesla shared a new image of its Semi truck prototype testing, as found in its first quarter earnings report, which set new records for net income and revenue. The company also shared images of the Gigafactory Berlin, showing off the Model Y factory construction, as seen below: We also have a picture of the Giga […]

Tesla has disclosed on its balance sheet it sold some of its previous $1.5 billion investment in Bitcoin, and saw $272 million in proceeds from the sale, based on the “proceeds from sales of digital assets” on its cash flow from investing activities. Tesla said in its Q1 slide deck, “quarter-end cash and cash equivalents […]

During Tesla’s record first quarter earnings, the company also provided an update for the “installed annual capacity” of its current factories in California and Shanghai, China. According to Tesla, its Fremont, California factory can currently produce 100,000 Model S and Model X vehicles, along with 500,000 Model 3 and Model Y vehicles per year. As […]

Tesla reported its first quarter earnings on Monday and the company has posted record numbers. The company saw $10.39 billion in revenue, an increase of 74% year-over-year, while net income was also a record at $438 million for Q1. “In Q1, we achieved our highest ever vehicle production and deliveries. This was in spite of […]

  Tesla occasionally adds incremental upgrades its vehicles, coming at random times, and now we’re again seeing a feature that first debuted in China make its way to the United States. Photos of a Tesla Model 3 with white interior trim and a new door panel design were shared to Reddit on Monday, before being […]

Alongside working to solve climate change through widespread zero-emission vehicle adoption, Tesla is now looking to recycle its EV hardware to reduce battery and motor waste. Tesla plans to add an electric vehicle (EV) component recycling facility at Gigafactory Shanghai, according to a document Tesla submitted in Shanghai (via Reuters). The facility would be particularly […]

Xbox’s Xcloud beta gaming mode actually works in Tesla’s web browser, according to a post shared Sunday on Reddit. According to u/NoNoveltyNeeded in the Tesla Motors subreddit, the user reported that Xcloud offered an “unsupported browser” warning message, they said they were able to proceed and play the game, as shown in the photo. For […]

With Tesla’s Q1 earnings call scheduled for later today, Wedbush Securities Managing Director Dan Ives spoke with CNBC about Tesla’s delivery forecast being the most important factor to Tesla’s earnings, saying that the company’s delivery forecast could be headed toward 900,000 for 2021. Ives and Wedbush currently have Tesla’s price target set at $1,000, with […]

  After a proposal to build a 62-stall Tesla V3 Supercharger passed in Santa Monica, the future of the project was thrown into murky water after the City Council used a zoning loophole to delay the proposal’s full approval. On Friday, however, the Santa Monica Supercharger project was given new life by the council, with […]

One JPMorgan Asset Management Manager said Monday that China-based electric vehicle (EV) companies NIO and Xpeng Motors are best slated to rival EV giant Tesla in terms of global market share, as reported by the South China Morning Post. While the companies may take years to become profitable, they’re still considered the best bets in […]