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The Latest Breaking News from Tesla Inc.

Tesla misses estimates as price cuts squeeze profit margins

Tesla Inc. missed first-quarter profit estimates after a series of price cuts designed to boost demand squeezed margins.

Tribune News Service

How To Take Advantage of New EV Tax Credits in the U.S.

Rules outlined in the Inflation Reduction Act just made it a lot more difficult to claim the $7,500 tax credit on new EVs.

Inverse

Tesla Q1 2023 Earnings Report: Profitable Again, Strong Margins Despite Price Cuts

Tesla just released its positive Q1 2023 earnings report. See more details on Tesla's financial situation right here.

InsideEVs

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First-Time Tesla Semi Driver From Pepsi Shares Details

A driver of a Tesla Semi wearing Pepsi branding was parked in a neighborhood and answered some questions about his first day driving the EV.

InsideEVs

Elon Musk mocked for telling Tucker Carlson ‘birth control and abortion’ may lead to collapse of civilisation

The Tesla CEO has long shared his stance on procreation and population decline posing a threat to civilisation

The Independent UK

Unusual Activity in Tesla Call Options Shows Bullish Outlook

Barchart reports today an investor bought a large number of out-of-the-money call options in Tesla stock expiring 7 months from now. This shows they have a bullish outlook in TSLA stock.

Barchart

Germany: Plug-In Car Sales Decreased 1% In March 2023

In March, the plug-in electric car segment in Germany noted a slight decline of 1.4 percent year-over-year to 60,901 registrations.

InsideEVs

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Rivian To Open Its EV Charging Network To The Public

Rivian is following Tesla by deploying a proprietary network of DC fast chargers and Level 2 chargers, and it's moving more quickly than you might expect.

InsideEVs

Tesla’s Price Cuts Could Hurt Profit Margins

The markets eagerly await Tesla’s (TSLA ) quarterly earnings results after the markets close today for clues about how the company’s price cuts have impacted profit margins. The recent price cuts by Tesla have prompted analysts to cut their Q1 gross margin estimates on the stock by about 20% since...

Barchart

Hyundai Ioniq 6 Drive: Tesla Model S Range at Model 3 Pricing

An emphasis on aerodynamics makes Hyundai’s Ioniq 6 electric sedan a winner in looks, range, and pricing.

Inverse

Tesla's New Battery Pack Assembly Line Coming Together In Fremont

You can't produce EVs without battery packs. Tesla has been a leader in ensuring it has the cells and packs it needs. Filings reveal progress on its new line.

InsideEVs

Elon Musk May Have Been Right, His Tesla Model Y Guess Could Come True

Tesla's Elon Musk predicted that the Model Y would become the best-selling car in the world. Of course, people said he was crazy, but it may happen this year.

InsideEVs

Estimated Tesla Order Backlog Slightly Decreased: 102,000 On March 31, 2023

The estimated Tesla global electric car order backlog remains relatively stable in the early 2023, with slight signs of a decrease.

InsideEVs

US: Tesla Reduced Model 3/Model Y Prices Again By $2,000-$3,000

For the second time this month, Tesla applied price reductions on some of its electric cars in the US, bringing Model 3 and Model Y prices to an even lower level.

InsideEVs

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InsideEVs

Tesla And Other EV Makers Could Disrupt US Agricultural Market

The US produces around a third of the global corn supply, and over 40% of that corn crop is used for ethanol production. EVs mean a decreasing need for ethanol.

InsideEVs

France: Plug-In Car Sales Reached New Record In March 2023

In March, some 48,707 new plug-in vehicles were registered in France (up 48%), including 46,357 passenger cars (up 47%), which represented 25.4% of the market.

Barchart

Analyst Ratings Changes, Your Propeller for Better Returns

2 giant companies to potentially buy thanks to changes in their analyst ratings.

The Independent UK

Reports: Tesla factory where worker died had safety weakness

News reports say Chinese authorities concluded Tesla Inc.’s Shanghai factory where an employee died in a Feb. 4 accident has weaknesses in its safety measures

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InsideEVs

US: Top Selling BEVs In 2022 Were Long Range Ones

The top ten new all-electric vehicles in 2022 in the United States (by the number of registrations) happened to have a "long range" (often over 300 miles).

Fortune

The ultra-wealthy in the US aren't only in New York anymore

Is New York City still the bastion of billionaire wealth it once was?

Caixin Global

Tesla Safety Faults Contributed to Worker Fatality, Shanghai Authorities Find

Electric vehicle giant should be punished in connection with February death of worker crushed by equipment, according to investigation report

Reason

Biden's 'Buy American' Electric Vehicle Tax Credits Go Into Effect

The credits may be well-intentioned, but they will distort the market and lead to a windfall for U.S. companies.

Tribune News Service

Biden costs EV makers some customers until the US builds more batteries

Andrew Scott doesn’t know for sure yet, but the Biden administration may cost Hyundai his business.

Tom’s Hardware

Elon Musk Confirms 'TruthGPT' AI Project, Will Use Lots of GPUs

Elon Musk talks about a 'maximum truth-seeking AI' that aims to understand 'the nature of the universe.' Sliced bread not included.

InsideEVs

Toyota bZ3 Receives 5,000 Orders In China On First Day Of Sales

Toyota's first electric sedan competes with the Tesla Model 3 and BYD Seal in the world's largest EV market.

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