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Tesla News
Teslarati
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Tesla’s price target gets cut by Wells Fargo analyst: Barron’s
- Wells Fargo analyst Colin Langan cut his Tesla price target from $135 to $130.
- Langan maintained his Sell rating on TSLA shares.
- Langan predicts Tesla deliveries to rebound to 450,000 vehicles in the second quarter.
- Tesla may launch a cheaper Model Y variant in China.
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Teslarati
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Tesla fire in Germany may be considered a threat to the state
- A recent Tesla fire in Germany is being investigated by the State Security Division of the Berlin State Criminal Police Office.
- The cause of the fire is unknown, but a political motive has not been ruled out.
- There have been previous instances of Tesla being targeted in Germany, including arson attacks on Tesla construction sites.
- The authorities are investigating the recent Tesla fire as a possible threat to the state.
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The Verge
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The fake promise of better Siri
- The promise of better Siri is not fulfilled.
- Apple had claimed to transform Siri into an AI-powered helper.
- Siri's capabilities have fallen behind other voice assistants like Alexa.
- The gadget industry became so focused on AI that it overlooked other important aspects.
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Evannex
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Trump Turns White House Lawn into a Tesla Showroom
- President Trump transformed the South Lawn of the White House into an impromptu Tesla showroom.
- He praised the company's Cybertruck, expressed interest in purchasing a Tesla, and provided a high-profile endorsement for the struggling automaker.
- The endorsement raised ethical concerns and resulted in a slight recovery of Tesla's stock.
- The event highlighted the contrast between Trump's approach and that of the Biden administration, while solidifying Musk's role in Trump's administration.
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Insider
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Tesla sales are slumping in the US, too
- Tesla sales are slumping across the globe, including in the US.
- New US Tesla registrations fell 11% in January, while rivals' sales surged.
- Sales have plummeted in Europe and China, and Tesla faces protests over CEO Elon Musk in the US.
- Tesla's share price has dropped by more than 50% since mid-December.
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Guardian
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Tesla tells US government Trump trade war could ‘harm’ EV companies
- Tesla has warned that Donald Trump’s trade war could expose the electric carmaker to retaliatory tariffs.
- Tesla encourages the US trade representative to consider the downstream impacts of proposed actions.
- The company wants to avoid the same impact as previous trade disputes on electric vehicles exported from the US.
- Tesla suggests a phased approach to implementation to enable US companies to prepare accordingly.
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Insider
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Tesla more than tripled the workers testing its self-driving technology in California
- Tesla registered over 220 test drivers and 100 vehicles for an autonomous driving permit in California.
- The increase from the previous application shows Tesla's ramping up of autonomous testing capabilities, especially as it aims to bring a Robotaxi to the market soon.
- The permit allows Tesla to conduct level 3 testing, where autonomous driving software can assume greater control over the vehicle, needing a licensed driver for monitoring and intervention when necessary.
- Tesla submitted paperwork for the registrations in December, with the permit being valid until 2026.
- Despite obtaining the permit, Tesla hasn't reported using it since 2019, focusing on level 2 testing for driver-assist software.
- The company's stock has faced challenges, with Musk's dual role in government and lackluster sales affecting its value.
- Tesla's value is heavily tied to its self-driving technology, with plans to introduce robotaxis in California cities by year-end.
- The company is hiring test drivers across various locations and has discussed robotaxi training with Austin's autonomous vehicle taskforce.
- Tesla's autonomous technology and humanoid robot contribute significantly to its value, with future success hinging on these developments.
- The pressure is on Tesla's Robotaxi efforts, with the company yet to secure a permit for testing the vehicle without a safety driver, unlike some competitors in the autonomous driving space.
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Guardian
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A president touting Musk’s cars from the White House shows this: the Tesla boycott really irks him | Gaby Hinsliiff
- Donald Trump's recent endorsement of Tesla cars from the White House, despite not being allowed to drive for security reasons, indicates his support for Elon Musk amidst criticism of the company.
- The alliance between Trump and Musk suggests a sense of unease and vulnerability from both parties.
- While consumer boycotts are debatable, recent trends show a shift in public sentiment towards boycotting US brands in response to political decisions and affiliations.
- Instances of consumer backlash include decreased sales for companies featuring controversial marketing campaigns and a surge in European defense stocks over reliance on US-made weapons systems.
- The impact of political associations with Trump extends to affecting popularity and support in elections, as seen in various countries.
- The article suggests a growing global movement to boycott US goods, reflecting dissatisfaction with US policies and political figures.
- European countries are exploring alternatives to American products, including defense systems and satellite networks, due to concerns about US reliability and influence.
- The article highlights that while Trump's endorsement may influence some to support Musk's companies, a broader boycott trend against US brands is gaining momentum worldwide.
- The political and economic repercussions of aligning with Trump or US brands are becoming apparent internationally, with potential implications for trade and security sectors.
- Overall, the article discusses the evolving landscape of consumer activism and political repercussions associated with supporting or boycotting US brands in the current global climate.
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Insider
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The full list of automakers cutting jobs, including Porsche, GM, and Ford
- Automakers are slashing jobs amid slowing EV demand and rising costs. GM cut 2,000 jobs, mostly in engineering. Ford plans 4,000 layoffs in Europe by 2027, affecting Germany and the UK. VW is considering historic job cuts in Germany, including factory closures.
- Stellantis is eliminating 4,000 factory jobs and faces UAW tensions. Tesla cut over 10% of its workforce due to declining sales.
- Nissan plans to lay off 9,000 workers, while Aston Martin, Porsche, and others announced smaller reductions. As EV adoption slows, automakers are restructuring to stay competitive in a shifting market.
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Insider
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Read the letter Tesla wrote warning the Trump administration about harm from a trade war
- Tesla has warned the US government about the potential harm from a trade war and retaliatory tariffs.
- A trade war could increase manufacturing costs for Tesla vehicles and lead to tariffs on their products.
- Tesla has experienced increased costs due to past US tariff actions, making it less competitive globally.
- The letter highlights the potential conflict between Elon Musk's political interests and Tesla's business interests.
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Teslarati
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Tesla says it will be a victim of Trump admin’s tariff strategy
- Tesla warns that it will be a victim of the Trump administration's tariff strategy.
- Tesla states that it would be 'difficult or impossible' to source certain parts domestically, due to supply chain limitations.
- The company urges further evaluation of domestic supply chain limitations to avoid cost-prohibitive tariffs on necessary components.
- Tesla also highlights the increased tariffs imposed on EVs imported into targeted countries in response to US actions.
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Teslarati
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Amazon has an EV delivery lineup that goes well past its Rivian EDV
- Amazon's EV delivery lineup extends beyond the Rivian EDV.
- Amazon uses a variety of EVs for its day-to-day business operations.
- The Rivian EDV is just one part of Amazon's sustainable future.
- Amazon also uses E-Scooters, three-wheelers, light/medium-duty trucks, and heavy-duty trucks.
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Teslarati
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255
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Tesla gets request to bid on State-used vehicles: ‘We aren’t going to bow to woke trends’
- Israeli government officials have invited Tesla to bid on providing its vehicles for State-sponsored usage in Israel.
- Tesla's CEO Elon Musk has faced pushback for his work with President Donald Trump, but the Israeli government is not concerned about it.
- The government believes Tesla cars are great and wants a safe and quality vehicle for their top officials.
- There is no information on other companies invited to bid for the fleet.
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Insider
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He called Tesla's stock crash. Now he thinks it'll fall even more.
- Ross Gerber, an early Tesla investor, predicted a 50% fall in Tesla stock by 2025, and it has already dropped 31% since then.
- Gerber does not anticipate a rebound for Tesla stock this year, despite the recent losses.
- Gerber, who reduced his firm's Tesla stake by 31% in 2024, believes Tesla stock is still too expensive to invest in.
- Earnings are crucial for Tesla stock to rebound, according to Gerber, but he sees challenges in achieving significant earnings growth.
- Gerber points out that Tesla's high valuation, Musk's political controversies, and the used-car market issues contribute to the stock's struggles.
- Tesla faces challenges in the used-car market due to the durability of its vehicles and declining values, impacting consumer purchasing decisions.
- Gerber emphasizes the importance of Tesla's growth prospects being revalued in the current economic environment.
- The quality of Tesla products, akin to the 'Apple problem,' may affect repeat purchases and contribute to the challenging market dynamics.
- Gerber highlights the pressure on Tesla's valuation amid economic uncertainties and changing investor perspectives.
- Overall, Gerber maintains a skeptical view of Tesla's stock and believes the company faces significant hurdles to warrant investment.
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Teslarati
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Rivian supports Tesla despite all the Elon Musk hate
- Rivian CEO RJ Scaringe showed support for Tesla and its success.
- Scaringe believes in the importance of having multiple successful manufacturers in the electric vehicle industry.
- He encourages other EV automakers to make their mark in the rising industry.
- Rivian signed a 2-year sponsorship agreement with SXSW and has planned various activities for the festival.
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