June 2022

Citi trims Tesla (TSLA) estimates as Wall Street tempers Q2 expectations

As Tesla (NASDAQ:TSLA) approaches the end of the second quarter, Citi Research analyst Itay Michaeli has cut his forecasts for the company. In a note on Tuesday evening, the Citi analyst updated his model to reflect headwinds from Tesla’s business in China. Tesla China’s pace was disrupted by a substantial margin in the second quarter

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Tesla Model 3 Uber driver doubles tips and sees big gas savings after ditching Camry

Tesla’s electric vehicles are becoming a big hit among Uber drivers. One driver, Heidi Barnes from California, recently noted that she has more than doubled her tips since she ditched her Toyota Camry for a Tesla Model 3.  Barnes had been driving for Uber for some time, but with the recent hike in gas prices,

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Tesla Giga Texas’ Model Y production is hitting its stride: report

It appears that Tesla’s Model Y production ramp in Gigafactory Texas is moving along well. As per recent reports, Tesla’s newest electric vehicle production facility has reportedly ramped its output to thousands of vehicles per week. That’s an impressive milestone, especially considering that the facility was just opened last April.  Tesla recently caught some headlines

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LG Energy Solution is re-evaluating its $1.3B battery plant investment in Arizona

As a result of unprecedented economic conditions, South Korean battery manufacturer LG Energy Solution Ltd. (LGES) is reportedly reevaluating a $1.3 billion investment plan for a factory in Arizona. In response to the soaring demand for electric vehicles across the United States, LG Energy Solutions announced that it would construct a $1.4 billion battery production

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Texas Rep. asks Elon Musk to work with gov’t to improve the US’ power grid

Troy Nehls, a U.S. Representative for Fort Bend County, Texas, wrote a letter asking Tesla CEO Elon Musk to work with government officials to strengthen the United States’ power grids and ensure their long-term resiliency and affordability. Nehls had previously voiced opposition to the growth of public charging stations for electric vehicles. He believes that

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Tesla Megapack batteries are starting to live up to their promise

When Tesla unveiled the Megapack, the company positioned it as a battery that had the potential to render traditional coal and gas-fired peaker plants obsolete. Since their introduction in 2019, Tesla Megapacks have been deployed across the globe, and they are starting to live up to their promise.  Being grid-scale batteries, Megapacks could perform tasks

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