The increased price targets came just a week after Rivian announced it had developed its own artificial intelligence chip.
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Morgan Stanley cut its rating of Tesla for the first time in two years on Monday to “equal weight,” which is equivalent to a hold.
As the US races to establish its own rare earth supply chains, a handful of companies stand to benefit enormously from government support.
For Musk to secure the full bag, Tesla must reach 20 million delivered EVs and a market cap of $8.5 trillion, up from $1.54 trillion today.
Boston city council members are considering an ordinance that would require a “human safety operator” to be present in autonomous vehicles.
The new Model Y, dubbed the Model Y Standard, essentially fills the void of the expired tax credit with a starting price of $39,990.
In fact, the EV credit expiration sparked a record one sales quarter, with the company delivering 497,099 vehicles worldwide.
Sales of new electric vehicles fell 6.3% year-over-year in the second quarter, according to Cox Automotive analysts.
And yet, last week, Tesla scored a couple key brownie points from Wall Street analysts. So why the optimism?
In an interview with the Financial Times, BYD’s executive vice president Stella Li said just a handful of China’s 130 EV-makers will survive.
So far, Tesla has launched limited rideshare services in Austin and the Bay area, and it’s looking to expand into Florida, Arizona and Nevada.
VW’s finance chief Arno Antlitz warned last September that the company had “a year, maybe two years, to turn things around.”
If successful, the company believes its affordable option could revolutionize EV adoption levels in America.
During the company’s second-quarter earnings report last month, Musk admitted the company may be headed for “a few rough quarters.”
For Samsung, it’s a chance to finally carve out some foundry industry market share from rival chipmaker TSMC.
A US-based startup, backed by Japan’s Toyota, and a freshly capitalized initiative in China could make flying cars a full reality next year.