The state has sold over 2 million zero-emission vehicles...
Continue ReadingCalifornia Gov. Gavin Newsom may exclude Tesla and other automakers from an EV rebate program if the incoming Trump administration scraps a federal tax credit for EV purchases...
Continue ReadingRivian won a “conditional commitment” from the Department of Energy for a $6.6 billion loan, highlighting Rivian’s improving capital condition...
Continue ReadingTesla's (TSLA) possible exclusion from California's electric vehicle rebate program is a political move by Governor Gavin Newsom, Wedbush said in a note Tuesday...
Continue ReadingIntel (INTC) has secured more than $7.9 billion in federal funding from the Biden administration's CHIPS Act. Qualcomm (QCOM) is reportedly less interested in pursuing an acquisition of Intel, according to a Bloomberg report. Tesla (TSLA) could be excluded from California Governor Gavin Newsom's proposed electric vehicle (EV) rebates, which the governor said will take effect if President-elect Donald Trump kills federal EV tax credits. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Naomi Buchanan...
Continue ReadingCalifornia Gov. Gavin Newsom is ruffling a lot of feathers — including Elon Musk’s — with his new proposal for electric vehicle incentives that would exclude Tesla’s (TSLA) popular models...
Continue ReadingA professor at the Royal Society has quit in protest over Elon Musk’s fellowship at the institution, accusing the billionaire of “modelling himself on a Bond villain”...
Continue ReadingTesla shares were little changed Tuesday morning after falling 4% yesterday amid uncertainty over new California electric vehicle tax credits and bearish commentary from analysts at UBS. Monitor these key chart levels...
Continue ReadingBiden administration finalizes Chip Act grant for Intel, Warren Buffett raises effort to give away most of his wealth, and more news to start your day...
Continue ReadingUBS raised the firm’s price target on Tesla (TSLA) to $226 from $197 and keeps a Sell rating on the shares. Shares of Tesla have spiked 40% since the U.S. election, adding over $350M of market cap, the analyst tells investors in a research note. Since the election, some policy proposals have emerged that could favor Tesla, but UBS tells investors in a research note that the removal of the EV consumer tax credits is not an absolute positive for U.S. electric vehicle and Tesla demand, and if credi...
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