Tesla Price Target Raised to $950 from Wedbush Securities

Tesla has just received a price target raise from analyst Daniel Ives, Managing Director, Equity Research, at Wedbush Securities. According to the research note (via StreetInsider), Ives has increased Tesla’s price target from $715 to $950, while his “bull case” has increased to $1,250, up from $1,000. Ives has maintained a neutral rating for Tesla. […]

Tesla 2020.48.13 Software Update Rolling Out: What’s New

Tesla this evening started rolling out its 2020.48.13 software update, which comes one day after the release of 2020.48.35, adding a touch of confusion for owners tracking these updates. We noticed a new Tesla software update 2020.48.13 on a Model S 70D (2015) in Michigan, United States. View the rollout of this update here: https://t.co/03kcG10F3A […]

B.C. Increases EV Rebates Up to $100,000 CAD for Commercial Vehicles

The province of British Columbia, Canada, announced on Wednesday it has increased its electric vehicle (EV) rebates for businesses. Through the CleanBC Specialty-Use Vehicle Incentive (SUVI) and Commercial Vehicle Pilot (CVP) programs, businesses, local and regional governments, public sector organizations and non-profit organizations adopting specialty-use of zero-emission vehicles can get up to $100,000 CAD ($79,000 […]

Tesla Q4 2020 Safety Report: Autopilot Again Makes for Safer Vehicles

The safety of Tesla’s vehicles has largely been heralded, especially with Autopilot engaged, despite some properly guided concerns over electric vehicle (EV) battery fires. Still, Tesla’s cars are incredibly safe, and Tesla has recently released its Q4 2020 vehicle safety report. Perhaps unsurprisingly, its crash rates are still much lower with Autopilot engaged. In the […]

Apple Supplier Foxconn Plans Joint Electric Vehicle Venture

Foxconn has been making our precious iPhones for Apple to deliver around the world for quite some time now, but according to new reports, the company now has plans to branch out into a new sector. On Wednesday, Foxconn and Zhejiang Geely Holding Group Co. put out a joint statement announcing their entry into the […]

Tesla Service Center Coming to Knoxville, Tennessee

Tesla’s growth is worldwide right now, but that doesn’t mean that the company has completed its growth plans in its home in the United States. In a new post on Reddit, user u/clarksonianpause confirmed that Tesla is currently building a new service center in Knoxville, Tennessee. The post, as shared in the Tesla Motors subreddit, […]

EV Battery Fires Pose Risk to First Responders Says U.S. Safety Regulator

Electric vehicle (EV) fires pose a major safety threat to first responders, and US guidelines to deal with them are largely incomplete at this point, further exacerbating the issue, said the National Transportation Safety Board (NTSB) on Wednesday. The safety regulator said there are gaps in research regarding EV industry safety standards, especially with high-speed […]

Tesla Q4 2020 Earnings Call Date Set for January 27

Tesla has announced it will share its Q4 2020 financial results and full fiscal year results after market close on Wednesday, January 27, 2021. The company’s live question and answer webcast will start at 3:30pm PT/6:30pm ET to discuss financial and business results. Tesla announced back in December it “produced and delivered half a million […]

Bloomberg Exposé: How Tesla Gained Success in China

Image via Bloomberg Bloomberg Businessweek has a lengthy profile detailing “Tesla’s unprecedented success in China”, which has also made Elon Musk the world’s richest man. Below is an excerpt: In its first week after resuming production, with Toyota Motor Corp., Volkswagen AG, and other foreign carmakers still unable to fully reopen, Tesla Shanghai made about 1,000 cars. By March […]

Tesla 2020.48.35 Software Update Rolling Out: What’s New

Tesla has started rolling out its 2020.48.35 software update, detected on a Model S in the United Kingdom, according to @TeslaFi. As of writing, it’s unclear what’s new in this software update. Many Tesla owners are eagerly awaiting the latter half of the company’s holiday software update, as promised by CEO Elon Musk. Software version […]