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The Latest Breaking News on Ford U.S. EV Sales Decreased 11% In January 2024

How VinFast is gearing up to become America’s next big EV brand

VinFast is expanding rapidly in the electric vehicle market and now has its sights set on taking over North America with four new models.

Inverse

Tesla Confirms Next-Gen Vehicle Platform Is Under Development

Tesla is working on an all-new, next generation vehicle platform, which is expected to be ready in not too distant future.

InsideEVs

Tesla Stock Soars After Earnings Surprises: Here's A Summary

Following the earnings call, Tesla's stock sees a "comeback" after a tough few months. Shares surged over 10% in the AM and continue to trade at high volume.

InsideEVs

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Elon Musk Puts Demand Concern To Rest: "Price Really Matters"

During the Tesla Q4 and full year 2022 financial results and Q&A webcast, the company's CEO Elon Musk addressed the common question among investors - demand.

InsideEVs

US Used EV Market Has Tripled In Size, Prices Have Fallen Significantly

Now may be a better time than any to get an EV, and a used model may be the way to go. Pre-owned EVs are finally more affordable, and inventory has skyrocketed.

InsideEVs

Tesla Reports Record Profits, Confirms Long-term Outlook

Tesla reported another round of record quarterly profits Wednesday while confirming its long-term growth outlook in spite of concerns about rising competition and macroeconomic headwinds. Elon Musk's electric vehicle (EV) company reported fourth-quarter profits of $3.7 billion, up 59 percent from the year-ago period as revenues jumped 37 percent to…

Asharq Al-Awsat

Tesla Plans Further Cost Cuts Amid “Macroeconomic Uncertainty”

Some investors are worried that Tesla's profits will take a hit because of this strategy.

InsideEVs

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Tesla reports record income; confirms Nevada truck expansion

Tesla says it intends to invest $3.6 billion to expand manufacturing capabilities in Nevada and is confident growing software-related profits will keep margins higher than any other automaker

The Independent UK

Tesla makes record profit, despite inflation, price cuts and Elon Musk's chaotic leadership

Tesla made record profits last year, even as high interest rates slowed down the global economy and hurt consumer sentiment, but the company's boss, Elon Musk, is dismissing speculation the car maker cut prices because of slowing demand, saying demand for the vehicles has reached record highs.

ABC News

Tesla's profits soared to a record – but challenges are mounting

The company has seen its share value drop sharply, and rivals are edging into the electric vehicle market. But after doubling its profits in a year, Tesla says it has no plans to slow down.

WEKU

Tesla surpasses earning expectations even as Musk remains mired in lawsuits

The electric car company posted $24.3bn in fourth-quarter earnings, surpassing anticipated revenue

The Guardian - US

Tesla Investing $3.6B For Battery And Semi Production In Nevada

Two new factories are planned at the company's Giga Nevada location, bringing 3,000 jobs with it.

Motor1

U.S. senator seeks to bar EVs from tax credits not meeting sourcing rules

U.S. Senate Energy and Natural Resources Committee chair Joe Manchin on Wednesday introduced legislation that would immediately impose battery sourcing requirements on electric vehicles to qualify for $7,500 tax credits.

Reuters

Tesla Is A "Sustainability Behemoth," According To Analyst

Tesla is increasingly focusing on renewable energy, rather than just EVs, offering a broad range of solar and energy storage products for clean energy purposes.

InsideEVs

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StockNews.com

The 3 Best Car Stocks to Buy for Potential Profits in 2023

The automotive industry is expected to witness a rise in demand due to cooling inflation and easing supply chain disruptions. Moreover, with the growing popularity of electric vehicles, the automobile industry is expected to perform well. Therefore, it could be wise for investors to buy fundamentally strong car stocks General…

Inverse

The 2024 Polestar 2 boasts a range and charge time to rival Tesla’s Model 3

The 2024 Polestar 2 includes new motors, larger-capacity batteries, and high-tech features.

InsideEVs

Tesla Model Y And Model 3 Now Eligible For Full €6,750 German Incentive

Tesla adjusted prices in Germany as it has in other areas. Now, people are not only getting a deal from the EV maker, but also may benefit from subsidies.

InsideEVs

Tesla Model Y Long Range Price Increases Slightly

In 2022, as soon as we wrote an article about Tesla's prices, the company raised them again. Is this the beginning, or will prices remain within the tax credit?

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InsideEVs

Tesla's Price Cuts May Prove "Competitive Advantage," Says Analyst

Tesla is said to have huge margins, and CEO Musk touts the brand's manufacturing advantages. Now we're seeing just how much of an advantage Tesla may have.

Tribune News Service

Tesla’s skid leaves Old Auto with a new quandary

A weird thing happened to the global auto industry during the pandemic: Its valuation roughly tripled to about $3 trillion. Roughly a year on, a lot of other weird stuff has happened, most notably the head of the world’s most valuable automaker trying his hand at running a certain social…

Zenger

The Next Big Electric Vehicle For General Motors Coming Soon For Affordability For Customers

One of the leading traditional automakers is working to transition to electric vehicles with plans for more than 30 models.

StockNews.com

3 Auto Stocks That Are Stuck in Reverse

The shares of car-making companies have been suffering off late as investors fret over a potential recession and falling car sales. Hence, it could be wise to avoid fundamentally weak auto stocks XPeng (XPEV), Workhorse Group (WKHS), and Faraday Future Intelligent Electric (FFIE), which are stuck in reverse. Continue reading.

InsideEVs

Tesla's Massive Price Cuts Send Shockwaves Across Auto Industry

Tesla dropped its prices in the US by huge margins, and it's impacting rival brands, used sales, the stock market, and much more.

InsideEVs

Rolls-Royce Spectre Order Intake "Far Better" Than Expected: CEO

With two months remaining before the start of manufacturing for the 2024 Spectre, Rolls-Royce is already considering an increase of the production run.

InsideEVs

Sandy Munro: Tesla's Price Cuts Will Annihilate EV Competitors

In one of the latest videos, Munro Live's Sandy Munro and Cory Steuben shared some interesting thoughts about the Tesla's most recent price cuts.

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