Apple has hired former Tesla engineer Christopher “CJ” Moore for its self-driving car project, reports Bloomberg. According to sources familiar with the matter, Moore is working on Apple’s car project software, reporting to Stuart Bowers, a former Tesla executive that joined the iPhone maker at the end of 2020. Prior to working at Tesla, Bowers […]
According to Bloomberg, Singaporean resident Leo KoGuan has quickly (and quietly) become Tesla’s third-largest individual shareholder over the past couple of years. Bank records furnished by KoGuan reveal that, as of late September, he owns 6.31 million Tesla shares, along with 1.82 million stock options that give him the right to buy Tesla between $450 to […]
Comedian and car enthusiast, Jay Leno, spoke with CNBC and has praised Tesla’s Elon Musk again. Musk is a visionary because he is able to “own the whole deal”, with Leno comparing the Tesla CEO to the likes of Henry Ford and Thomas Edison. “Can you imagine any of the major automobile manufacturers saying ‘Let’s […]
Florida-based Hertz announced on Monday it will be investing in the largest electric vehicle rental fleet in North America, which includes an initial order of 100,000 Tesla vehicles by the end of 2022, to go with new EV charging infrastructure worldwide. “Electric vehicles are now mainstream, and we’ve only just begun to see rising global […]
Tesla owners in Victoria, British Columbia, Canada, may be getting a temporary service location in the province’s capital. The rumour comes from owner David L. From the Tesla Owners Club Vancouver Island group on Facebook on Monday evening. “This afternoon I was told by a very reputable source that Tesla will soon be opening a […]
According to a report from CNBC on Friday, prominent investor Michael Burry has said he is no longer betting against Tesla Inc., and that his ‘put’ position on 800,100 shares of the company’s stock was “just a trade”. Back in May, regulatory filings from Burry’s investment firm, Scion Asset Management, revealed that the company had […]
After launching a Twitter account for its Tesla Superchargers, the electric automaker has quietly launched an account for its solar products including Powerwall. The new @TeslaSolar account has a description that reads, “Produce & store your own energy with Solar Roof, Solar Panels & Powerwall,” with a link to Tesla’s solar roof product (via @SawyerMerritt). […]
In a recent interview with Bloomberg, Wedbush Securities Managing Director Dan Ives said, “Tesla is a stock that will be four digits as we go into next year.” The equity researcher went on to deem Tesla’s current share price a “buying opportunity”. Ives touched upon how Tesla’s increasing production capacity will enable the company to cater […]
Tesla has announced its Q3 2021 production and delivery numbers. The electric automaker shared the numbers on Saturday morning, announcing it produced 237,823 vehicles and delivered 241,300. “We would like to thank our customers for their patience as we work through global supply chain and logistics challenges,” said Tesla in a press release. Tesla produced […]
According to the National Post, U.S. Democrats have recently proposed an increase in tax credits for electric vehicles (EVs) that will offer much higher incentives to union-made zero-emission vehicles (ZEVs) assembled locally. The beefed up tax credits will serve to further President Joe Biden’s ambition of EVs making up 50% of all vehicles sold in the U.S. by […]
In this week’s edition of his Power On newsletter, Bloomberg‘s Mark Gurman talks about how Apple and Tesla are a clear synergistic match on paper, but their products don’t integrate into each other as well as they theoretically should. Gurman says Tesla and Apple should be working more closely (or at all) with each other to make […]
As we previously reported, Cathie Wood — founder, CEO, and CIO of investment firm ARK Invest, reaffirmed her institution’s 2025 price target of $3,000 USD per share for Tesla in a recent interview. According to a tweet from Tesla investor and sleuth Sawyer Merritt (@SawyerMerritt), the company’s eccentric visionary of a CEO happens to be […]
Back in March, ARK Invest announced a 2025 price target of $3,000 USD for electric vehicle (EV) pioneer Tesla. Following a detailed Monte Carlo analysis, the investment firm shared a base case of $3,000 USD, a bear case of $1,500 USD, and a bull case of $4,000 USD for Tesla stock in 2025. In a […]
Following previous reports that one of Tesla’s battery suppliers will build a factory in Shanghai, the report has been confirmed through a framework agreement with the Shanghai government. CNEVPost reports that China-based power supplier Contemporary Amperex Technology Co., Limited (CATL) will build its manufacturing base in Shanghai, according to a signed strategic agreement dated August […]
In a meeting with Tesla Inc. earlier this month, the Indian government asked to see detailed sourcing plans and manufacturing roadmaps for the electric vehicle (EV) maker’s operations in the country before it considers granting Tesla any tax breaks — reports Bloomberg. The information comes from a person with knowledge of the meeting between Tesla and […]
