NIO Stock Hits All-Time High Following ET7 Announcement

Chinese electric vehicle (EV) maker NIO unveiled its first sedan on Sunday, the ET7, which resulted in its shares outperform most of its automaker peers on Monday. After sharing the ET7 and its solid-state battery pack, NIO’s shares reached an all-time high of $66.99 on Monday while other stocks, including Tesla, saw a major decline […]

SpaceX’s Starlink Internet Beta Launches in the UK

SpaceX’s Starlink internet has a lot to offer to rural consumers. The low-Earth orbit internet service provider (ISP) has already starting offering beta testing to a number of North America customers, and now it will do the same for an entirely new market. On Monday, Business Insider reported that the UK government has approved SpaceX’s […]

Bank of America Increases Tesla Price Target to $900

Tesla (TSLA) had quite the year in 2020 – between entering the S&P 500 and seeing its shares grow exponentially from start to finish, the company is in good shape to start out 2021 on the right foot. On Monday, Bank of America raised Tesla’s (TSLA) price target to $900, as reported by Seeking Alpha. […]

Tesla Hiring Design Director for China EV Studio: Report

Tesla has been expanding its operations around the world as of late, and to do so, it will need to expand its employee base too. On Sunday, Reuters reported that Tesla is currently searching for a design director in China, according to sources familiar with the matter who remained anonymous. The hire will be a […]

Credit Suisse Raises Tesla Price Target to $800, Up from $400

Credit Suisse has issued a note to investors to say it has raised its target price for Tesla to $800 per share, up from its previous $400, maintaining a neutral rating. Currently, Tesla closed Friday’s trading at $880.02 per share, after touching an all-time high of $884.49 per share. According to the Zurich, Switzerland-based investment […]

SpaceX Building Futuristic Bar Looking Down at Texas Rocket Factory

In a recent tweet, SpaceX founder and CEO Elon Musk revealed that the aerospace giant is currently building a bar overlooking its rocket factory in Boca Chica Village in Texas. That’s actually our restaurant, but SpaceX is building a futuristic bar at the top of the high bay with 360 degree windows & a glass […]

Apple and Hyundai Said to Ink Electric Car Deal by March: Report

After hearing about preliminary talks about Apple and Hyundai working together for an electric car, a new report from Korea IT News says both companies plan to ink a final deal in March, reports Reuters. The deal would see Hyundai help Apple with self-driving electric car production starting “around 2024” in the United States. The […]

New Tesla Model Y Orders in China Now Deliver in May Says Company

Sharing a picture of a packed Tesla sales center in Shanghai on social media, a local Tesla sales representative revealed that a Model Y ordered today in Greater China will be delivered sometime in May, adding up to a 4-month long waitlist for the electric vehicle (via @ray4tesla). “Model Y ordered now gets delivered in […]

SpaceX Starlink Launch into Polar Orbit Approved by FCC

According to SpaceNews, the Federal Communications Commission (FCC) has approved SpaceX’s plans to launch 10 Starlink satellites into polar orbit. The FCC will allow SpaceX to launch 10 Starlink satellites into polar orbit on an upcoming mission, but deferred a decision on a much broader modification of SpaceX’s license. https://t.co/jvhNKTaTHC pic.twitter.com/CqnW6zdbCQ — SpaceNews (@SpaceNews_Inc) January 9, […]

ARK Invest CEO’s Tesla Stock Prediction Comes True 2 Years Early

According to Markets Insider, ARK Invest founder and CEO Cathie Wood’s 2023 stock predictions for the electric vehicle (EV) maker two has come true two years ahead of time. Back in 2018, when Tesla was having trouble scaling up production of its Model 3 to meet demand and battling liquidity issues left and right, Cathie Wood […]

NIO Unveils ET7 in China, its First Electric Sedan

At the NIO Day 2020 event for shareholders and consumers held earlier today, Chinese electric vehicle (EV) maker NIO launched its first all-electric sedan — the NIO ET7. The vehicle is equipped with a dual-motor system configured for all-wheel-drive, capable of a maximum power output of 480 kW and a peak torque of 850 Nm. […]

New Tesla Superchargers in the U.S. Overview: Jan. 3-9

Let’s take a look at all the Supercharger locations in the U.S. that have gone live this past week, courtesy of data from Supercharge and the patrons of the TMC Forums: Date Opened Location Number of Stalls Power Rating Official Listing Jan. 6, 2021 The Laurelwood Shopping Center at 1308 W Hillsdale Boulevard, San Mateo, CA 12 […]