Tata Motors (TML) does a start-up kind of fund raising and announces $1 bn of investments from TPG and ADQ (of Abu Dhabi) in it’s EV business. Key points to note – The investment values the EV business at $9.1 bn post money. Funds will come in two tranches – 50% by March 2022 and … Read more
Tesla reported Saturday record quarterly deliveries despite the surrounding turbulence. An analyst at Wedbush Securities sees the performance as “massive.” The Tesla Analyst: Daniel Ives maintained an Outperform rating and $1,000 price target for Tesla shares. The Tesla Thesis: Tesla’s third-quarter deliveries of 241,000 beat even the bull-case whisper number on the Street, analyst Ives … Read more
Jeff Bezos and Bill Gates are backers of the mineral exploration startup KoBold Metals. KoBold’s CEO told Insider that a new partnership with BHP would hunt for metals used in EVs. The partnership could eventually source metals for Tesla vehicles, House said. See more stories on Insider’s business page. An artificial intelligence startup backed by … Read more
Chinese electric-vehicle startup Xpeng revealed the pricing for its new electric sedan, the P5, last week – and it’s undercutting Tesla’s Model 3 in China by more than a third. Xpeng Sources: Insider, Xpeng Xpeng will sell six versions of its upcoming P5, priced between 160,000 yuan ($24,670) and 230,000 yuan ($38,550) after subsidies. Xpeng The names … Read more
July 2021 will be a big month for Lucid Motors (NYSE:CCIV) and CCIV stock. For one, it will be listed on the Nasdaq under LCID later this month. But July of next year will be even bigger. Over the next year, Tesla (NASDAQ:TSLA) will continue to occupy itself democratizing EVs for all, while Lucid Motors will … Read more
Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it’s sold in the nation — more than 285,000 of them — be fixed to address a safety issue. The State Administration for Market Regulation said in a statement on Saturday that the … Read more
Though autonomous-vehicle companies are moving slowly toward making their technology available to the public, the industry’s top tier is steadily becoming entrenched, according to two analysts from the research and consulting firm Guidehouse Insights. Each year, Guidehouse ranks some of the biggest names working on automated-driving technology, evaluating each on criteria including technology, strategy, and … Read more
Die-hard Tesla Inc. investors might be forgiven for wondering why the thrill of owning the iconic carmaker’s stock has seemingly disappeared. After all, since catapulting over 700% last year, the shares have barely eked out a 3.4% advance in 2021. Meme stocks like GameStop have pushed Tesla out of the limelight, while Bitcoin has attracted … Read more
What Happened: U.S. President Joe Biden is pushing to add more than 500,000 charging stations over the next four years. Many investors believe this will favor traditional automakers, but Loup says that’s not necessarily the case. “We see it as a positive for both, given EV adoption is still nascent at about 2% of new vehicle sales … Read more