Tesla Slashes Deposit for China Customers to Just $143
Tesla Inc. lowered the deposit that buyers in China have to put down on its cars, seeking to keep sales momentum in the face of intensifying competition and reductions in the government’s electric-vehicle subsidies.
July 22, 2020Class 8 Trucks to Be Part of Aurora’s Autonomous Testing in Texas
Autonomous vehicle technology developer Aurora plans to launch testing of self-driving Peterbilt Class 8 trucks and smaller vehicles that can be used for package delivery in the Dallas-Fort Worth area this year.
July 20, 2020Texas County Gives Thumbs Up to Tesla Factory Tax Break
The prospect of a Tesla Inc. factory in the Austin, Texas, area has moved a big step closer to reality, after Travis County commissioners on July 14 approved tax breaks the electric vehicle maker requested.
July 15, 2020Navistar, TuSimple Partner to Launch Self-Driving Trucks in 2024
Truck and engine maker Navistar International Corp., and TuSimple, a global self-driving technology company, announced July 15 a strategic partnership to co-develop SAE Level 4 self-driving trucks targeted for production by 2024.
July 15, 2020Tesla Shares Take a Breather After Historic Run
After a torrid rally that saw shares more than double since early May, Tesla Inc. is taking a pause on July 15, even as the broader market rises on the hopes for a coronavirus vaccine.
July 15, 2020Michigan Creates Office to Navigate Emerging Tech in Transportation
Michigan is creating a centralized team to handle future technology issues, with the new Office of Future Mobility and Electrification.
July 13, 2020Tesla Soars on Optimism for ‘Battery Day,’ India Market, S&P
Tesla Inc.’s relentless surge continued July 13 amid several upcoming events that include the possible unveiling of new battery technology from the electric vehicle maker, entry into a lucrative new market and the potential inclusion of the stock into the prestigious S&P 500 Index.
July 13, 2020Musk Says Tesla Is ‘Very Close’ to Developing Fully Autonomous Vehicles
Tesla Inc.’s Elon Musk said the carmaker is on the verge of developing technology to render its vehicles fully capable of driving themselves, repeating a claim he has made for years but been unable to achieve.
July 9, 2020Tesla Pushes China’s EV Bubble Closer to Bursting
Tesla Inc.’s new Shanghai plant has churned out super-popular Model 3 electric sedans for the past six months, catapulting the company atop the sales chart and piling the pressure on cash-strapped local rivals. There was another casualty last week.
July 8, 2020Tesla Bull Case Raised Above $2,000 a Share at Morgan Stanley
Morgan Stanley analysts lifted their bull-case price target for Tesla Inc. to $2,070 after an “extraordinary” rally saw the stock overshoot a previous best-case scenario of $1,200. But they still don’t recommend buying Tesla shares.
July 7, 2020