Tesla

Mercedes Unveils Electric SUV In EV Race Against Tesla, VW 

Daimler AG’s Mercedes-Benz rolled out its battery-powered EQA SUV as part of a plan to take on Tesla and Volkswagen.  Mercedes-Benz’s first fully-electric SUV will be available in the coming months. EQA’s retail price will be set around 47,541 euros ($57,734) and have a range of approximately 486 kilometers (302 miles).  Bloomberg notes unlike Tesla Inc.’s Model 3…

Tesla May Be Readying Model S And Model X Update

Authored by Charles Kennedy via OilPrice.com, Tesla is clearing all inventory of Model S and Model X across stores and showrooms, multiple reports say, suggesting that the electric vehicle maker is preparing design refresh of the two models. Tesla has told employees to clear all inventories of Model S and Model X in all markets…

Tesla Slips After Being Forced To Recall 158,000 Vehicles In The U.S.

While we must say that while we were a little confused about the results of the National Highway Traffic Safety Administration’s recent investigation into sudden unintended acceleration incidents with Teslas (the agency cleared Tesla and it was later revealed that the head of the investigation may be a Tesla sympathizer), it is no surprise to…

Morgan Stanley's Adam Jonas Chases Tesla Price, Raising Target To $810 From $540

Tesla is once again moving higher on Wednesday morning, up about 5% in pre-market trading on the heels of yet another sell side analyst upgrade. Not one to be outdone by a gamma squeeze, Morgan Stanley’s Adam Jonas continued his saga of making up reasons to adjust his Tesla price target to try and explain trading in the name…

Apple "Somehow Survived" Without Tesla, BBG Op-Ed Lampoons

Not only was it hilarious seeing Elon Musk, in all his hubris, thinking he was taking a shot at Apple this past week when he revealed that Tim Cook wouldn’t give him the time of day, but even more delightful has been the backlash. In addition to Musk being ridiculed on social media, major op-eds in…

Apple's Entrance Into EVs Creates "A New Tesla Bear Case", Morgan Stanley Warns

Just hours after Elon Musk took to Twitter to reveal to the world that Tim Cook wouldn’t take his phone calls when he was looking for a bailout, Morgan Stanley has now come out and admitted that Apple’s entrance into the self-driving market creates “a new Tesla bear case”.  Tesla uber-bull Adam Jonas wrote in…

As Tesla Tanks, Here's What Analysts Are Saying About Apple's Move Into EVs

Late in the trading day on Monday it broke that Apple was “moving forward” with plans for a self-driving vehicle under its “Project Titan” project, which had been rumored to have slowed down – if not totally shelved – over the last year or two. In addition to designing self-driving vehicles, Reuters reported that Apple’s cars…

"Insane" S&P Rebalance Ends With Tesla Smashing All-Time Volume Record

Expectations were high that today’s quad-witching/S&P rebalancing combo would launch fireworks and, sure enough, that’s what happened. As our friends at SpotGamma wrote after the close, while the SPX closed off only 35bps “there were some insane movements, most notably in VIX and TSLA.” And nowhere was said “insanity” more obvious than the record $148…

Tesla To Shut Model S & X Production For 18 Days, Puts Some Staff On Unpaid Leave

But, but, but… this is the most successful, awesome carmaker in the world, right? TSLA shares are continuing their ever-upward trajectory this morning despite headlines reporting that, according to an email seen by CNBC, Tesla informed employees in its Fremont, California, factory on Friday that its Model S and Model X electric vehicle production lines will…

Tesla Ordered By German Court To Stop Cutting Down A Forest To Make Space For Its German Gigafactory

Tesla, best known as the automaker that is supposedly saving the planet and/or mankind, depending on what type of Musk-cult-member you’re talking to that day, has been officially ordered by a German court to stop cutting down trees on a site it is clearing for its first car plant in Germany. Because, as we all…

On Outrage, Tesla, & The “Hyper-Inflated” State Of Global Financial Assets

Authored by Bill Blain via MorningPorridge.com, “Eureka! The formula for success is letting others do the work, and then take all the credit!” The excellent Saxo “Outrageous Predictions”, and Tesla Does It Again!  Investment managers dread the approach of the Christmas holidays. They get deluged in a ton of turgid year-end outlooks which are unified…

Tesla Now Building Third Gen Superchargers In China

In what appears to us to be a continuing push to eventually become a Chinese company, Tesla will soon be producing its third generation electric Superchargers in China, in addition to vehicles it already manufactures there.  The company said it’ll start producing the chargers in 2021, according to Reuters. It plans on investing $6.4 million in…

Cover-up Suspected Regarding Tesla Models with Suspension Issues

By B.N. Frank There have been numerous reports about Teslas crashing and/or catching fire. Tesla owners have also reported other scary driving situations as well (see 1, 2). Recently, Consumer Reports decided to NOT recommend 2 of the company’s models. Now there’s more bad news for the company and its car owners. From Zero Hedge:…

Tesla Models “Not Recommended” by Consumer Reports Due to Basic Reliability Issues

By B.N. Frank Electric Vehicles (EVs) have not been without problems. Recently, GM recalled thousands of theirs due to battery fires. There have also been numerous reports about Teslas crashing and/or catching fire. Tesla owners have reported additional life-threatening situations as well (see 1, 2). Consumer Reports is now NOT recommending 2 of the company’s…

Tesla Wrecks In Oregon, Launching Scorching Hot Battery Projectiles Into Two Nearby Homes, Starting Fires

You’ve heard of Teslas driving themselves through storefronts. You’ve heard of Teslas spontaneously combusting. But have you yet heard of Teslas shooting piping hot projectiles through the air at innocent bystanders? Because that appears to be the next iteration in the “What will these cars do next?” saga that has been unfolding on streets across…

In Striking Rebuke, Consumer Reports Finds Tesla Has Second-Worst Reliability Of All Automakers

Tesla shares pared their “S&P 500 inclusion” gains on Thursday after it was revealed that Consumer Reports decided to not “recommend” the company’s Model S and panned the company’s Model Y “due to a decline in their reliability”. Model S ratings dropped due to issues with its suspension – the very same issue Tesla claims…

Tesla Is Now Selling $250 Bottles Of Tequila

Tesla, which has now somehow been bestowed with a $407 billion market cap, has decided to go into the tequila business. The car company disruptive technology company launched its own brand of tequila on Thursday after CEO Elon Musk had joked about doing so back on April Fool’s Day in 2018. Musk said then that…