Jigar Shah is living an investor’s dream, one with more strings attached than a symphony orchestra. Shah has $400 billion of government funds to pour into businesses touting green-energy projects. But he has to do it under the eye of critical lawmakers, cautious bureaucrats and the White House, which has already clashed with him on … Read more
The companies that have been found wrongfully claiming subsidies under the Faster Adoption and Manufacturing of Electric Vehicles (FAME-II) scheme may be debarred from availing of them in the future and may also have to forego sops on electric vehicles (EVs) sold in the last 15 months, The Economic Times (ET) reported on Tuesday. The … Read more
Tesla shares are headed to $300, and the company is looking at big revenue gains from recent deals with Ford and GM. Wedbush on Friday raised its price target and said charging deals could bring in $3 billion of revenue. “In a nutshell, Musk and Tesla are playing chess while other automakers are playing checkers,” … Read more
Tesla announced on Thursday that it plans to open some of its Supercharger network to Ford. Tesla has the largest network of roadside fast chargers in North America. Some Tesla owners say they’d consider buying another brand’s EV, if they had access to Supercharging. Tesla plans to open some of its exclusive Supercharger network to … Read more
Tesla investor Ross Gerber told Insider why he’s grown more bullish on the stock. Tesla’s move into advertising and the new Twitter CEO bode well for shareholders, he said. “You gotta own Tesla in your portfolio with Elon re-focused,” Gerber said. Ross Gerber has never shied away from giving an honest take on Tesla or … Read more
Kevin O’Leary said Tesla’s Cybertruck has a “really ugly look” but demand is high. He also told Yahoo Finance that the forthcoming vehicle has strong potential margins. “I want one. I think they’re nuts. And I think it will be a lot of fun to drive a tank,” O’Leary said. “Shark Tank” star Kevin O’Leary … Read more
Experts say there is a method to Elon’s madness on pricing changes. The latest price hikes could mean Tesla is done lathering on the discounts for now. Tesla has more flexibility to change prices in real time than its competitors. Elon Musk is changing his mind about Tesla pricing – again. Tesla shoppers, investors, and … Read more
Americans are getting more divided on electric vehicles. While EVs gain market share, more and more people say don’t want one as their next car. Factors repelling buyers from EVs include long charging times, lack of charging stations, and high pricing. Battery-powered cars seem like the next big thing, but a growing portion of Americans … Read more
Mahindra & Mahindra (M&M) is currently undergoing an extensive reorganisation exercise. It recently, Separated out the Passenger EV business Sold stake in the renewable business Partnered Actis to develop warehousing Now it has announced separating out the Last Mile Mobility Business and is also raising external funding in it from IFC. Last mile mobility business … Read more