Tesla

Bernstein: Tesla, Inc. (Nasdaq:TSLA) giving an “underperform” rating

Bernstein gives Tesla, Inc. (Nasdaq:TSLA) an “underperform” rating with a $150 price target. Toni Sacconaghi, an analyst at the bank, believes that the most important issue for the company as Tesla enters analyst day is the status of its next-generation low-cost car platform. The agency added that while the market did not expect anything from the launch of the company’s products, details about pricing, availability and, above all, timing were paramount. Bernstein believes that Tesla will not be able to deliver such models in large quantities before 2025, and that it will be difficult for Tesla to achieve 50% sales growth without further reducing the price of existing models.

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Tesla’s Berlin battery plant has started production and involves only a single battery component

Germany’s Brandenburg Minister of Economics Jörg Steinbach said that Tesla’s battery factory at the Berlin Gigafactory has been put into operation. Steinbach said Tesla only produces individual battery modules at the battery factory at the Gigafactory in Berlin, which is different from the company’s original plan. The outside world believes that this should be Tesla considering the preferential tax policy of the United States, so it prefers to build a Texas Gigafactory battery factory.

Tesla’s Berlin battery plant has started production and involves only a single battery component Read Post »

Tesla: Model Y sold out in the U.S. this quarter Delivery time updated to April-June

Tesla: Tesla has seen a surge in U.S. orders due to price cuts and a new $7,500 U.S. federal tax credit, and the Model Y in the U.S. has been sold out this quarter, running out of capacity, and will not be produced again until April, but there are still some specific inventory configurations in some markets. The Model Y is currently Tesla’s most produced model. Tesla updated the expected delivery of the Model Y to April to June 2023. In the meantime, Model 3 production and delivery is still available this month, with deliveries expected in February-March 2023.

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Tesla raised the price of the Model Y performance version by another $500 to $58,490

Tesla’s US official website shows that the price of the Model Y high-performance version has been raised by $500 to $58,490, and the price of the long-life version has not changed. Earlier this month, the Model Y long-range version was raised by $1,500 to $54,990 in the United States, and the high-performance version was raised by $1,000 to $57,990.

Tesla raised the price of the Model Y performance version by another $500 to $58,490 Read Post »

The United States revised its definition of car classification, and companies such as Tesla and Ford profited from it

On Friday, local time, the U.S. Treasury Department said that after revising the definition of car classification, it will make more Tesla, Ford Motors, General Motors and Volkswagen electric vehicles eligible for tax credits of up to $7,500. Under the $430 billion climate bill approved last August, SUVs can cost up to $80,000 to qualify for the EV tax credit, while cars, sedans and vans can only cost up to $55,000. The Treasury Department’s statement allows automakers to consider crossover SUVs eligible for credit. The decision raised the retail price cap for GM’s Cadillac Lyriq, Tesla’s five-seater Model Y, Volkswagen ID.4, Ford Mustang Mach-E and Escape plug-in hybrid from $55,000 to $80,000.

The United States revised its definition of car classification, and companies such as Tesla and Ford profited from it Read Post »

Musk: Tesla pickup truck Cybertruck mass production in 2024, later than previously expected

On Tesla’s (NASDAQ:TSLA) fourth-quarter earnings call, Musk and Tesla were asked if the Cybertruck was still scheduled to go into production in early 2023, and Musk replied, “We do want to start production sometime this summer, but I always downplay the start of production because it’s always very slow.” Musk noted that mass production of the Cybertruck will begin in 2024, later than previously expected by the end of 2023.

Musk: Tesla pickup truck Cybertruck mass production in 2024, later than previously expected Read Post »

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