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Tesla News

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Insider

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Tesla is soaring after Trump's new tariffs while traditional auto stocks sink

  • Tesla stock rose 7% following President Trump's newly announced auto tariffs.
  • Tesla is seen as less exposed to industry tariffs as their production and assembly is primarily in the US.
  • General Motors, Ford, and Volkswagen experienced significant declines as they are more reliant on vehicle and part imports.
  • According to CFRA Research, Tesla is the least exposed to these new tariffs among auto manufacturers and suppliers.

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Insider

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Why Tesla is the big winner in Trump's auto tariffs

  • Tesla is a winner from the tariffs because its US market vehicles are made domestically.
  • Most competitors import at least some of their vehicles to the US.
  • The Model Y SUV, Tesla's most popular product, will be a big beneficiary of that US production.
  • Competitors like Ford and GM could see additional input costs per vehicle when the tariffs take effect.

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Everyday investors are buying the dip at near-record levels as tariffs spook Wall Street

  • Retail investors are aggressively buying the dip in the stock market.
  • Retail net flows to US markets have totaled $32.9 billion since late February.
  • Retail investors have been buying mostly in mega-cap tech names and among chip stocks.
  • Despite concerns over Trump's trade war and a potential recession, retail investors remain confident and continue to invest.

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The Robot Report

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Zoox issues voluntary software recall for 258 vehicles

  • Zoox issued a voluntary software recall for 258 vehicles.
  • The recall was in response to two incidents in which vehicles braked unexpectedly and were rear-ended by motorcycles.
  • The recall applies to some purpose-built robotaxis, but none of the vehicles on the road currently use the recalled software.
  • Zoox implemented measures to prevent recurrence, including software updates, operational mitigations, and increased training for safety drivers and operators.

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Teslarati

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Hyundai’s $7.6B Georgia plant dodges Trump’s 25% Tariffs  

  • Hyundai’s $7.6 billion Georgia plant has avoided President Trump's 25% tariffs on imported vehicles and auto parts.
  • Hyundai Motor Group Metaplant America (HMGMA) in Georgia is planning to expand the factory, increasing production capacity from 300,000 to 500,000 vehicles annually.
  • The Georgia plant is exempted from the recently announced tariffs and is considered a clear demonstration that tariffs work.
  • Hyundai's Georgia plant aims to employ 8,500 workers, while battery partners are expected to add an additional 3,500 jobs.

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Teslarati

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Tesla China’s first Megapack exports are headed for a big battery in Australia

  • Tesla is shipping its first Megapack battery units from its Shanghai factory to Australia.
  • The batteries are destined for Queensland's Western Downs battery project.
  • The Shanghai Megafactory is Tesla's first battery storage factory outside the United States.
  • Tesla currently holds over 30% of the energy storage market in Australia.

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Eu-Startups

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EU-Startups Podcast | Episode 110: Tim Draper, Founder of Draper Associates, DFJ, and the Draper Venture Network

  • In the latest episode of the EU-Startups Podcast, Tim Draper, Founder of Draper Associates, DFJ, and the Draper Venture Network, shares insights on the future of Bitcoin and decentralised governance.
  • Draper discusses the common traits of successful founders, missed opportunities like Facebook and LinkedIn, and how Draper University is training fearless entrepreneurs.
  • He envisions virtual nations, space-based weather control, and walking on the moon.
  • Takeaways include the importance of taking risks, embracing decentralisation, and dreaming bigger.

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Insider

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Get set to pay more for a new car now Trump's tariffs are here

  • President Donald Trump's auto tariffs are set to take effect next week.
  • The 25% tariffs on all imported passenger vehicles and key car parts could make buying a new car a lot more expensive.
  • Automakers are warning that the tariffs could lead to price hikes ranging from $5,000 to $10,000, depending on the make, model, and price point of the vehicle.
  • The tariffs are expected to impact both foreign and domestic automakers, as well as the global automotive industry.

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Teslarati

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Tesla vehicles hit by ATV, suspect caught by Sentry Mode

  • A Texarkana man was caught damaging three Tesla vehicles using an ATV, resulting in his arrest by the Texarkana Texas Police Department.
  • The suspect, 33-year-old Demarqeyun Cox, was charged with criminal mischief and failure to identify.
  • Tesla Sentry Mode played a crucial role in providing surveillance footage that led to the identification and arrest of the suspect.
  • The incident highlights the increasing need for enhanced security features like Sentry Mode on Tesla vehicles.

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Teslarati

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Tesla updates its “FSD” branding in China

  • Tesla has updated the naming of its smart driving system offerings in China, dropping the "FSD" terminology from its vehicle order pages.
  • The RMB 64,000 package is now labeled as "Intelligent Assisted Driving", the RMB 32,000 mid-tier system is labeled as "Enhanced Assisted Driving", and the basic Autopilot system is labeled as "Basic Assisted Driving".
  • Despite the name changes, the functions of the systems remain unchanged.
  • The renaming could suggest a cautious approach towards the release of an autonomous driving system in China, with the possibility of reintroducing "Full Self-Driving" terminology once unsupervised FSD is released.

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Teslarati

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Tesla faces Trump’s 25% tariffs as Musk stays silent

  • Tesla faces 25% tariffs on non-U.S.-made cars after Trump's announcement.
  • Elon Musk stayed silent and provided no input on the tariffs.
  • The tariffs will begin on April 2 for imported cars and May 3 for imported auto parts.
  • Tesla and other automakers rely on foreign suppliers for certain parts and components.

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Teslarati

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Tesla suppliers in India hit by Trump’s 25% Auto Tariffs

  • Tesla suppliers in India, including Tata Motors and key auto parts makers, saw declines due to Trump's 25% auto tariffs.
  • The tariffs, announced by U.S. President Donald Trump, will affect imported cars and auto parts coming into the U.S.
  • While Tesla may benefit from the tariffs, it could impact the company's plans to enter the Indian market.
  • Tesla's Indian suppliers, including Tata Motors and Sona Comstar, experienced declines, as did other global carmakers.

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Pressure ratchets up from Trump administration, Musk, and allies ahead of planned Tesla Takedown mass protests

  • Protests against Elon Musk in front of Tesla showrooms across the country have been swelling since February.
  • The Tesla Takedown movement is aiming for a global day of protest at 500 Tesla showrooms on March 29.
  • The Trump administration and its allies have recently amped up their defense of Tesla.
  • Protests are focused on Elon Musk's involvement with the White House DOGE office and concerns about privacy and potential disruption to public services.

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Insider

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A Tesla bull admitted Elon Musk's DOGE antics are hitting sales and put an exact number on the impact

  • Tesla is expected to release Q1 vehicle production and delivery numbers on April 2.
  • Wedbush analyst Dan Ives expects Tesla deliveries to drop 7% versus the same period a year earlier.
  • Tesla CEO Elon Musk's DOGE antics are partly to blame for the sales woes.
  • The sales drop is attributed to consumer demand, delays in new models, and the negative impact of Musk's involvement with Dogecoin.

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Evannex

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Elon Musk is more charged-up about his businesses than ever before, says Tesla investor Ron Baron

  • Ron Baron, a Tesla investor, confirms Elon Musk's constant engagement and focus on his businesses
  • Baron Capital has a large position in Tesla and has never sold any personal shares
  • Elon Musk is actively participating in meetings at SpaceX and is more charged-up about his business
  • Tesla is working on new products, including Model S & X refresh and a more affordable Model 2

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