Song, who became Gigafactory Shanghai's manager in 2018, informed Tesla employees that Wednesday would be his last day, according to the note seen by Reuters. The Shanghai plant is Tesla's largest factory by output and also exports to Europe and Southeast Asia. "Today is my last day at Tesla and I feel extremely fortunate to have worked and fought with everyone on this plot of land," Song said...
Continue ReadingThe possible combination comes after struggles in China for both automakers and a downturn for Nissan in the U.S...
Continue ReadingElon Musk, clad in tuxedo and black tie, took the stage at President-elect Donald Trump's Mar-a-Lago resort shortly after the election with all the swagger of the winning candidate himself. Musk's attachment to Trump has created an alliance between America's most powerful politician and its richest businessman — and roughly the same percentages of Americans have favorable views of each, according to a new poll from the AP-NORC Center for Public Affairs Research. Musk, whose net worth tops $400 billion, oversees six businesses while continuing to work closely with Trump: electric car manufacturer Tesla, the X social media platform, space technology company SpaceX, brain link company Neuralink, the startup xAI and tunneling operator The Boring Co...
Continue ReadingRivian stock is rising post-election despite EV sector skepticism, with improved revenue projections and strong consensus estimates for 2025. See more...
Continue ReadingDue to its concentration risk, VTI's performance closely mirrors the S&P 500, making it less effective for diversification. Learn more about VTI ETF here...
Continue ReadingBYD is looking to dominate the electric vehicle market worldwide, and its stock is a lot cheaper than Tesla's...
Continue ReadingTesla shares hit another record high Tuesday after an analyst upgraded their rating of the electric vehicle maker to above $500...
Continue ReadingDriverless Tesla EVs are hitting the road...with a major caveat...
Continue ReadingCFRA analyst Garrett Nelson joins Catalysts host Seana Smith to discuss his Tesla (TSLA) outlook for 2025, reaffirming his Buy rating on the stock. "I think the stock is pricing in a much easier regulatory environment for autonomous driving, and we think Tesla has the best technology out there," he tells Yahoo Finance, noting that the stock has surged tremendously since the 2024 election results. "They're really going to be the biggest winner." Nelson explains that President-elect Donald Trump's transition team has identified autonomous driving regulation as "the number one priority" for the Department of Transportation to make autonomous vehicles a "reality." He describes this as "the future of Tesla," which will "unleash" an enormous market opportunity for the company. However, Nelson forecasts that the electric vehicle maker will fall short of its 2025 sales targets. He tells Yahoo Finance: "If they continue to make progress towards getting approval for fully autonomous vehicles, that's really what's going to matter more, and we think investors will be forgiving if they fall short of that guidance." To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Angel Smith...
Continue ReadingTesla accused Germany's IG Metall union of trying to sow unrest at the EV maker's gigafactory near Berlin by seeking to oust the head of the works council, in the latest sign of the sour relationship between the two sides. IG Metall, Germany's most powerful union, said earlier it had filed a motion with a local court to remove the plant's works council head - who is not a member of the union - from the committee. The union cited violations to German labour law restricting IG Metall's influence and preventing it from properly representing workers' interests...
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