Tag: Tesla

GM CEO says spinoff of the automaker’s EV assets not off the table

By Ben Klayman DETROIT, July 29 (Reuters) – General Motors Co Chief Executive Mary Barra said Wednesday “nothing is off the table” when it comes to maximizing the value of the No. 1 U.S. automaker’s electric vehicle efforts, including a possible spinoff of those assets. Speaking to analysts after GM reported a smaller-than-expected loss in… Continue reading GM CEO says spinoff of the automaker’s EV assets not off the table

A Chinese Tesla competitor skyrockets nearly 350% in just 2 days after announcing it will launch vehicles in the US next month (KNDI)

Visual China Group/ Getty Images/ Shares of Kandi Technologies have surged as much as 350% from Tuesday’s close, fueled by the electric-vehicle maker’s announcement that it will launch two of its cars in the US next month.   Kandi Technologies is a Chinese electric-vehicle maker that competes with the likes of Tesla and Nio. On Tuesday, Kandi… Continue reading A Chinese Tesla competitor skyrockets nearly 350% in just 2 days after announcing it will launch vehicles in the US next month (KNDI)

Panasonic Was Hit Hard In Q2 2020 Due To COVID-19

Panasonic‘s report for the second quarter of 2020 is pretty weak as most of its business was hit hard by the COVID-19 lockdown. There are losses for the quarter and the full-year forecast says that net profits will be halved compared to 2019. Let’s take a look at the general results. Panasonic was hit hard… Continue reading Panasonic Was Hit Hard In Q2 2020 Due To COVID-19

Tesla Gigafactory Texas shows its crazy potential in size comparison with other Tesla factories

Tesla Gigafactory Texas in Austin has some crazy potential for growth based on the size of the land the automaker acquired, which is shown in this interesting new size comparison with other Tesla factories. This new project is exciting for Tesla on many levels. It is going to be the production site for Cybertruck and… Continue reading Tesla Gigafactory Texas shows its crazy potential in size comparison with other Tesla factories

Volkswagen has not yet lost the year

Volkswagen is because of Corona crisis get deep in the red. In the second quarter, the world’s largest automaker posted an operating loss of EUR 1.7 billion before special items, as the Wolfsburg-based company announced on Thursday. A year ago there was still a profit of 5.1 billion. In the period from April to June,… Continue reading Volkswagen has not yet lost the year

Automotive: King Volkswagen overwhelmed by the health crisis

Posted on Jul 30, 2020 at 11:30 a.m. “In five to ten years, the most expensive company on the stock market will be a mobility company – which could be called Tesla, Apple or Volkswagen,” said Herbert Diess, the big boss of the German giant a few days ago. automotive industry, on LinkedIn. To be… Continue reading Automotive: King Volkswagen overwhelmed by the health crisis

Exclusive: Panasonic aims to boost energy density in Tesla batteries by 20% – executive

TOKYO (Reuters) – Panasonic Corp (6752.T) plans to boost the energy density of “2170” battery cells it supplies to Tesla Inc (TSLA.O) by 20% in five years and commercialize a cobalt-free version “in two to three years”, the head of its U.S. EV battery business said. FILE PHOTO: A logo of Panasonic Corp is pictured… Continue reading Exclusive: Panasonic aims to boost energy density in Tesla batteries by 20% – executive

EXCLUSIVE-Panasonic aims to boost energy density in Tesla batteries by 20% -executive

* To boost energy density in “2170” battery cells in 5 years * Has cut cobalt content to less than 5% in Tesla batteries * Plans to commercialize batteries with no cobalt in 2-3 years * To produce high energy density “2170” cells in Nevada By Makiko Yamazaki TOKYO, July 30 (Reuters) – Panasonic Corp… Continue reading EXCLUSIVE-Panasonic aims to boost energy density in Tesla batteries by 20% -executive

Morgan Stanley boosts Tesla bull case to 65% upside but still has an ‘underweight’ rating on the automaker’s shares (TSLA)

(AP Photo/Marcio Jose Sanchez, File) Morgan Stanley on Wednesday boosted its Tesla stock price target to $1,050 from $740. It also updated its “bull case scenario” to $2,500 from $2,070. The bull case is a more than a 65% increase from where shares of Tesla traded on Wednesday. Still, the firm has an “underweight” rating… Continue reading Morgan Stanley boosts Tesla bull case to 65% upside but still has an ‘underweight’ rating on the automaker’s shares (TSLA)