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Tesla officially launches Model 3 and Model Y in the Philippines
- Tesla has officially launched the Model 3 and Model Y in the Philippines.
- The vehicles are priced competitively against mainstream rivals in the country's automotive segment.
- Tesla's first Experience Center in the Philippines is located in Bonifacio Global City.
- The Model 3 and Model Y prices are comparable to popular competitors in the market.
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Insider
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Rivian is shoring up sourcing for its R2 affordable SUV with Trump's proposed tariffs in mind, CEO says
- EV company Rivian is preparing for the impact of increased tariffs proposed by President-elect Donald Trump on its supply chain.
- Rivian CEO RJ Scaringe stated that the company has strategically considered materials sourcing for its affordable SUV, the R2, in anticipation of potential tariffs.
- Rivian has focused on sourcing suppliers that won't be subject to large tariffs and has structured partnerships to minimize risk from overseas suppliers.
- The uncertainty surrounding the incoming administration and potential changes to EV-related policies may affect the demand for EVs and impact Rivian's business.
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Insider
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Here are Big Tech's winners and losers from Donald Trump's win, according to the market
- Tech stocks experienced gains following Donald Trump's election win.
- Tesla had the best market performance, as CEO Elon Musk supported Trump.
- Apple and TSMC may face challenges due to potential tariffs on China.
- Google could benefit from lighter regulations and rules under Trump.
- Meta (formerly Facebook) shares may be impacted due to Trump's animosity towards the company.
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Teslarati
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Tesla chose this lavish LA home to show Optimus Robot’s capabilities: Here’s why
- Tesla chose a lavish home in Los Angeles to showcase the capabilities of their Optimus Robot at the "We, Robot" event.
- The $6.85 million home in Mandeville Canyon, Los Angeles, was chosen as the filming location for the video demonstrating Optimus's capabilities.
- Tesla rented the property for two days for the shoot and selected it for its aesthetics.
- Elon Musk teased Optimus's potential and price range, envisioning it as a game-changer and estimating a cost of $20,000 to $30,000.
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Insider
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Cybertruck reviewer says a sponsor didn't want to be featured in his video with the vehicle
- YouTuber Zack Nelson, known as JerryRigEverything, revealed that a sponsor declined to be featured in his video review of the Tesla Cybertruck due to its polarizing nature.
- Nelson expressed concerns about being associated with Elon Musk's controversial online statements.
- The sponsor cited its concern about being linked with Cybertruck content, highlighting the polarization surrounding the vehicle.
- Nelson, who runs a wheelchair manufacturing company, emphasized the importance of protecting his business from negative exposure.
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Teslarati
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Tesla stock reaches 52-week high by flirting with $300 price level
- Tesla stock (NASDAQ: TSLA) reached a 52-week high by flirting with the $300 price level.
- Investors are optimistic about the impact of Donald Trump's presidency on Tesla, despite potential challenges such as the end of the electric vehicle tax credit.
- Regulatory hurdles are expected to decrease with Trump in office, and analysts believe that the positive relationship between Elon Musk and President-Elect Trump will benefit Tesla.
- Tesla shares have experienced significant growth, trading close to the $300 range, the highest since September 2022.
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Teslarati
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Lucid Gravity order page goes live, starts at $95k and tops out at $126k fully loaded
- Lucid Motors has launched the configurator for its latest vehicle, the Gravity SUV.
- The Gravity SUV is currently only available in the Grand Touring trim, starting at $94,900 and going up to $126,500 fully loaded.
- The SUV offers a range of over 440 miles per charge, 828 hp of power, and up to 120 cubic feet of cargo space.
- The Lucid Gravity is expected to compete with other premium all-electric SUVs like the Tesla Model X and the Rivian R1S.
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Teslarati
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Tesla shares (TSLA) gets 32% price target hike from Bank of America
- Bank of America analysts have raised their price target for Tesla stock (NASDAQ:TSLA) by 32%.
- The price target has been adjusted from $265 to $350 per share.
- Bank of America analysts believe that Tesla could benefit from a shift to federal regulation of autonomous vehicles and Elon Musk's close ties to Trump.
- The Trump administration's willingness to consider national self-driving vehicle regulations could facilitate the rollout of Tesla's Robotaxi service.
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Teslarati
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Tesla Giga Mexico plans in limbo, but Economy Chief hopeful to strike a deal
- Tesla Gigafactory Mexico plans are uncertain after the Presidential Election.
- Mexico's economy chief, Marcelo Ebrard, aims to meet with Tesla CEO Elon Musk to discuss the situation.
- The election outcome and potential tariffs from President-Elect Donald Trump have raised concerns about building in Mexico.
- Tesla's decision on Giga Mexico remains unclear, and building the factory may be challenging due to the changing political landscape.
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Teslarati
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Tesla China receives apology from car blogger over dishonest braking test
- Tesla China received an apology from car blogger Chen Zhengang over a dishonest braking test.
- Chen Zhengang manipulated a video comparing the automatic emergency braking systems of Tesla Model 3 and Xpeng P7.
- Tesla China filed a defamation suit against Chen Zhengang.
- Chen Zhengang paid Tesla China RMB 120,000 ($16,790) in compensation and posted a public apology.
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Teslarati
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Elon Musk gets well-wishes from Italian PM after Trump win
- Italian Prime Minister Giorgia Meloni extends well-wishes to Elon Musk after Donald Trump's win in the US presidential election.
- Meloni believes that Musk's commitment and vision will be a valuable resource for both the United States and Italy in addressing future challenges.
- Musk's track record with SpaceX and Tesla showcases his ability to effectively cut costs and achieve constant profitability.
- Trump has expressed that Musk's expertise in trimming down the federal government will be beneficial, but Musk is not expected to hold an official role in the Cabinet.
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Teslarati
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Ford-backed Ni plant seeks $2.7B in financing
- Zhejiang Huayou Cobalt Co. is seeking $2.7 billion in financing for a Ford-backed nickel plant project in Indonesia.
- The project aims to produce battery-grade nickel for electric vehicles in collaboration with Ford and PT Vale.
- HSBC and Standard Chartered are working with Huayou to arrange the loan, and other banks are invited to participate.
- Indonesia, a major nickel producer, is attracting investments from automakers like Ford, Tesla, and Stellantis to secure nickel supplies.
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Teslarati
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Elon Musk, Tesla cleared of liability over claims they misled investors with “funding secured” tweet
- A U.S. appeals court has upheld the jury's decision clearing Elon Musk and Tesla of liability over the CEO's misleading "funding secured" tweet.
- The lawsuit was filed in 2018 by TSLA shareholders, who claimed significant financial losses.
- The plaintiffs' appeal against the verdict has been rejected by the 9th U.S. Circuit Court of Appeals.
- While the court acknowledged the tweet was reckless, the decision to apportion damages between the defendants was proper.
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Teslarati
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China requests WTO dispute consultations with EU over EV import tariffs
- China has requested for WTO (World Trade Organization) dispute consultations with the European Union (EU) over its import tariffs on battery electric vehicles.
- China claims the EU’s EV import tariffs violate provisions in the WTO’s Subsidies and Countervailing Measures (SCM) Agreement and Article VI of the General Agreement on Tariffs and Trade (GATT) 1994.
- The request for consultations allows China and the EU to discuss the issue and find a resolution without litigation.
- If the consultations fail to resolve the conflict after 60 days, China may request adjudication by a panel.
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Guardian
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Trump’s victory adds record $64bn to wealth of richest top 10
- The wealth of the 10 richest people in the world increased by a record $64bn after Donald Trump's victory in the presidential election.
- Elon Musk, the world's richest person, gained the most with a $26.5bn increase in his fortune.
- Tech business leaders, including Jeff Bezos and Mark Zuckerberg, congratulated Trump on his win.
- The surge in US stocks and expectations of low taxes and regulations contributed to the increase in wealth.
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