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Lucid To Raise $3 Billion, Mostly From Saudi Majority Stockholder

Lucid To Raise $3 Billion, Mostly From Saudi Majority Stockholder

Lucid will sell $1.8 billion worth of shares to an affiliate of Saudi Arabia's Public Investment Fund, which owns 60.5% of the company.
By Dan Mihalascu 1m ago
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Tesla Stock Could Surge 1,030% To $2,000 By 2027, Says Analyst

Tesla Stock Could Surge 1,030% To $2,000 By 2027, Says Analyst

Tesla aims to launch a ride-hailing business with the help of its vision and AI-based Full Self-Driving technology.
By EVANNEX 25 May 2023
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Ford To Adopt No-Haggle EV Pricing In January 2024 

Ford To Adopt No-Haggle EV Pricing In January 2024 

Buyers can purchase an EV online and set up vehicle delivery.
By Chris Bruce 24 May 2023
Deutsche Bank Impressed With Giga Texas, Concerned About Price Cuts

Deutsche Bank Impressed With Giga Texas, Concerned About Price Cuts

The analysts are "all in" after the recent Tesla factory tour, but they fear earnings will be impacted by more price cuts ahead.
By Steven Loveday 22 May 2023
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Mercedes To Launch New Electric Van Platform, Expand Camper Lineup

Mercedes To Launch New Electric Van Platform, Expand Camper Lineup

The first models to ride on the VAN.EA architecture launch in 2026.
By Anthony Alaniz 16 May 2023
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Analyst Forecasts Tesla Shares Will Reach $280 In A Year

Analyst Forecasts Tesla Shares Will Reach $280 In A Year

The analyst is looking to Tesla's long-term profits as a primary catalyst.
By EVANNEX 11 May 2023
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Fisker Cuts 2023 Production Forecast On Underwhelming Q1 Results

Fisker Cuts 2023 Production Forecast On Underwhelming Q1 Results

The EV startup cut its production guidance for the full year to 32,000-36,000 Ocean SUVs, down from an earlier target of 42,400.
By Dan Mihalascu 10 May 2023
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Rivian Maintains 2023 Output Target As It Posts $1.35B Net Loss In Q1

Rivian Maintains 2023 Output Target As It Posts $1.35B Net Loss In Q1

The 50,000-unit production guidance stands as Rivian is implementing factory upgrades to increase output and reduce costs.
By Dan Mihalascu 10 May 2023
0

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Iveco-Nikola Partnership Enters New Phase: A Sign Of Parting Ways?

Iveco-Nikola Partnership Enters New Phase: A Sign Of Parting Ways?

Iveco Group will assume full ownership of the joint venture in Germany.
By Mark Kane 09 May 2023
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Lucid Lowers 2023 Production Forecast, Posts $780 Million Q1 Loss

Lucid Lowers 2023 Production Forecast, Posts $780 Million Q1 Loss

Lucid now aims to produce "more than 10,000 vehicles" this year, down from its previous estimate of 10,000-14,000 vehicles. 
By Dan Mihalascu 09 May 2023
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Tesla's Stock Is Down, But The Long-Term Story Appears Super Solid

Tesla's Stock Is Down, But The Long-Term Story Appears Super Solid

Tesla still has impressive balance sheets, its margins are still excellent, and it aims to be the industry’s lowest-cost producer.
By EVANNEX 08 May 2023
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Ford Model e Electric Vehicle Unit Posts $722M Loss In Q1 2023

Ford Model e Electric Vehicle Unit Posts $722M Loss In Q1 2023

Ford maintains its projection that losses at the Model e EV business will rise nearly 50 percent to $3 billion this year.
By Dan Mihalascu 03 May 2023
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What Was Wall Street's Take On Tesla's Q1 2023 Earnings?

What Was Wall Street's Take On Tesla's Q1 2023 Earnings?

While Tesla sold a record number of EVs and still fared well financially, its reduced margins caused concern for some folks.
By EVANNEX 02 May 2023
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Lordstown Warns Of Bankruptcy As Foxconn Threatens To Cut Funding

Lordstown Warns Of Bankruptcy As Foxconn Threatens To Cut Funding

The Taiwanese company notified the US EV startup their investment agreement could be terminated in as little as 30 days.
By Dan Mihalascu 01 May 2023
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ARK Predicts Tesla Stock To At Least $2,000 By 2027, But Why?

ARK Predicts Tesla Stock To At Least $2,000 By 2027, But Why?

ARK CEO Cathie Wood calls a current Tesla investment “one of the most important investment opportunities of our lifetimes.”
By EVANNEX 28 April 2023
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Tesla Energy Storage Business Is Booming: Q1 2023 Results

Tesla Energy Storage Business Is Booming: Q1 2023 Results

The company more than quadrupled deployment of battery energy storage systems to nearly 4 GWh.
By Mark Kane 22 April 2023
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Tesla's Q1 2023 Earnings Call Takeaway Recap

Tesla's Q1 2023 Earnings Call Takeaway Recap

Here's what you need to know from Tesla's earning call all laid out and summarized.
By EVANNEX 21 April 2023
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Tesla Q1 2023 Earnings Report: Profitable Again, Strong Margins Despite Price Cuts

Tesla Q1 2023 Earnings Report: Profitable Again, Strong Margins Despite Price Cuts

Another positive quarter for Tesla is in the books.
By Eric Loveday 19 April 2023
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Land Rover Range Rover EV Launches In 2025, Jaguar Teases New EV

Land Rover Range Rover EV Launches In 2025, Jaguar Teases New EV

Order books for the electric Range Rover will open later this year.
By Anthony Alaniz 19 April 2023
Looking Ahead To Tesla's Annual Shareholder Meeting

Looking Ahead To Tesla's Annual Shareholder Meeting

What can we expect from Tesla next month?
By EVANNEX 17 April 2023
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Tesla Broke Not One, But Two Important Records In Q1 2023

Tesla Broke Not One, But Two Important Records In Q1 2023

You've likely heard about Tesla's record quarter, but there's more to it than just EV sales.
By EVANNEX 12 April 2023
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Tesla Stock Adds $200 Billion To Market Cap In 2023 So Far

Tesla Stock Adds $200 Billion To Market Cap In 2023 So Far

Despite Tesla's share price not soaring as some fans expected, 2023 has already been the best quarter yet for adding to its valuation.
By EVANNEX 11 April 2023
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Tesla Begins Showing Compelling Revenue Outside Its EV Business

Tesla Begins Showing Compelling Revenue Outside Its EV Business

More than 12% of Tesla's Q4 2022 revenue was from energy and services, not its electric cars.
By EVANNEX 10 April 2023
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Does Elon Musk Now Have Fewer Tesla Shares Than Index Funds?

Does Elon Musk Now Have Fewer Tesla Shares Than Index Funds?

While Musk is Tesla's largest individual shareholder with a 13.02% stake, three index funds comprise a combined 13.58%.
By EVANNEX 29 March 2023
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