Tesla
Tesla to sell up to $5 billion in additional shares, stock down over 2% pre-market
Tesla plans to issue additional shares and expects to receive up to $5 billion in capital. Tesla fell from up to down 2.55 percent in pre-market trading hours on the news.
China-made Model 3 sales almost double to 21,604 units in November
New carmakers such as Nio, Li Auto, WM Motor, Xpeng Motors, Hozon Auto, Leap Motor continue to maintain strong growth, according to a latest industry report.
Owner complains that his Tesla Model 3 gets only half the battery life it was supposed to
Recently, a Beijing car owner complained that his newly purchased China-made Model 3 has an actual range of only about 200 km, which is half the official NEDC range of 468 km.
Wall Street looks to Nio as Tesla becomes too expensive
The average analyst price target for Nio is $49.01, with a 14% upside from Friday's closing price, while the average for Tesla is $403.24, a third below the current price.
Tesla ruled to pay over RMB 1 million fine for alleged fraud in used car sale
Tesla was ruled to refund RMB 379,700 to the car owner and pay an additional fine of RMB 1,139,100.
Goldman Sachs raises Tesla's price target to $780 from $455
Goldman Sachs on Wednesday raised its rating on Tesla to buy from neutral and raised its 12-month price target sharply to $780 from $455.
LG Chem said to more than double capacity in China to meet Tesla's battery needs
"Tesla simply can't get enough batteries, so LG Chem is going to more than double its production in China."
Tesla exec says won't rule out opening up Tesla's charging stations to other car brands
Currently, Tesla's charging stations can only charge Tesla's cars, and the company has not ruled out the possibility of opening them to other brands of electric vehicles in the future, said Grace Tao, Tesla's global vice president, during an online communication event held by Tesla on December 1.
Tesla establishes auto sales and service company in Nio's home turf
On November 12, Tesla Motors Sales & Service (Hefei) Co., Ltd. was established in Hefei, Anhui Province, where Nio China is headquartered.
Tesla plans to produce 5,700 Model 3s per week at Shanghai factory
The Tesla Shanghai plant set an immediate target of producing 5,700 Model 3s per week in November, which could be enough to help Tesla meet its annual production and delivery expectations of 500,000 electric vehicles, according to 163.com.