In recent months, Tesla skeptics have argued that the company’s growth has stalled. After delivering a record-breaking 83,500 vehicles in the third quarter of 2018, the company’s deliveries increased modestly in just the next few quarters: 97,000 in the third quarter of 2019, for example, and 90,650 in the second …
Read More »Bofa said (TSL) says Tesla is preparing for a further surge of 1 per cent.
Summary list placement Bank of America on Wednesday raised its Tesla price target from $ 350 to 50 550, which is about 16% higher than Monday’s close. Tesla on Tuesday announced plans to sell up to 5 5 billion in new shares, capitalizing on its latest rally. The announcement was …
Read More »The used market is finally starting to cool
Photo: Getty Images (Getty Images) Morning shiftAll your daily car news in one convenient place. Isn’t your time more important? The used market is finally showing signs of cooling it down, the former president of Mitsubishi has died, and there are mayflies. All that and more Morning shift For August …
Read More »Nikola slips 21% after company files for sale of 24 million shares (NKLA)
Nikola fell as much as 21% on Monday after the company released a prospectus describing its intention to sell up to 23.9 million shares. In addition, existing shareholders seek to sell up to 53.4 million shares, according to the prospectus. Nikola said the proceeds from the sale would be used …
Read More »Tesla’s Chinese rival Xpeng Motor raises $ 500 million
Xpeng Motors’ latest electric car is called the P7. Xpeng Engines Chinese electric car company Xpeng Motors has raised new funds as competition continues to rise in China’s so-called new energy vehicle market. The $ 500 million financing came from a group of investors including Aspex, Coatue, Hillhouse Capital and …
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