Canaccord Genuity analyst George Gianarikas reiterated the investment bank’s Tesla price target of $234 and maintained the company’s BUY rating. In a note released last week,...
The Tesla Robotaxi will be unveiled on August 8, 2024. Elon Musk announced the unveiling after a report claimed that Tesla scrapped plans for its low-cost...
Kia is prepared to fully invest in electric vehicles (EVs), despite growing concerns of slowing demand for EVs. During Kia’s CEO Investor Day event, the Asian...
Ford postponed the launch of at least two electric vehicles (EVs) to focus on hybrid production. The legacy automaker is delaying the launch of a three-row...
BYD plans to launch an electric pickup truck to compete against the likes of the Tesla Cybertruck and the Ford F-150 Lightning. According to the Chinese...
The Boring Company’s (TBC) Prufrock 3 has officially launched at Tesla Giga Texas. In a recent video by drone operator Jeff Roberts, The Boring Company’s Prufrock...
Tesla Gigafactory Berlin is producing right-hand drive (RHD) cars for India. People close to the matter told Reuters that Gigia Berlin is preparing to export Tesla...
Nikola released its Q1 2024 delivery and production report, stating that the company had a productive first quarter. “We are on track for a successful 2024...
LG Energy Solution (LGES) plans to start hiring workers for the Arizona battery manufacturing complex by the end of 2024. “This transformative investment will have a...
China-owned SAIC plans to cut thousands of jobs from its joint ventures with General Motors (GM) and Volkswagen. According to people familiar with the matter, the...
Hyundai Motor of America’s EV sales for the first quarter jumped 62% year-over-year compared to Q1 2023. According to the automaker’s reports, its EV sales grew...
Xiaomi aims to increase SU7 production to meet demand. According to local media reports, the Chinese company is asking its suppliers to boost their production capacity...
RBC Capital values Tesla’s progress in autonomy—or Full Self-Driving (FSD)—above the company’s car business. RBC Capital believes that Tesla’s one-month free FSD trial might be a...
The Xiaomi SU7 now faces its next biggest hurdles after record pre-orders: production and delivery. Last week, the Xiaomi SU7 set a record, with 88,898 pre-orders placed...
Canoo is tapping into Saudi Arabia’s electric vehicle (EV) market, estimated to have a total addressable market of over $30 billion. According to a press release...
Chinese new energy vehicle (NEV) automaker BYD released its March 2024 delivery report, providing a delivery estimate for Q1 2024 as well. According to Barron’s, BYD posted...
Tesla Giga Texas is Austin’s largest private employer. Tesla has worked hard on Giga Texas, which is home to the Cybertruck, Model Y, 4680 battery cells,...
Hyundai is considering hybrid production at its Georgia Metaplant, which was supposed to be dedicated to the electric vehicle (EV) factory. Hyundai’s Metaplant in Georgia is...
The price of the Tesla Model Y increased in the United States and China. The price increase should come as no surprise to customers since Tesla...
BYD set lower sales growth goals for 2024, warning of a looming price war and overcapacity in Mainland China’s electric vehicle (EV) sector. BYD Chairman and...