Forget Tesla’s Cars. The Real Money May Lie in Tesla’s Battery Business
Shares of electric car giant Tesla (TSLA), which were under pressure through much of the first two months of the year, continued to claw their way back higher this week after Canaccord analyst Jed Dorsheimer released a note upgrading the stock from “hold” to “buy” — and nearly tripling his price target to $1,071 a share. (To view Dorsheimer’s track record, click here) Tesla, argued the analyst, holds a “several-year lead” over rival electric car companies around the world. And yet, the reason Dorsheimer upgraded the stock
In Currencies, Europe’s Vaccine Trade Is Now Reversing
(Bloomberg) — Currency traders have reaped gains this year betting on the U.K.’s vaccine success and against Europe’s stumbles. Now that trade in going in reverse.The euro is on course for its best week against sterling since September, extending gains on Thursday to its highest level in over a month. Investors have been selling the pound on concerns relating to AstraZeneca Plc’s shot — which the U.K. is heavily dependent on — while the shared currency has been buoyed by projections the bloc will hit immunization targets earlier than expected.It comes
Tesla Inc. delivered a record number of vehicles in the first quarter in the face of growing electric-car competition and supply-chain challenges that have hit the global auto industry.
The Silicon Valley auto maker’s roughly 184,800 global deliveries in the first three months of the year eclipsed the high set in the previous quarter and more than doubled from the same period a year earlier, when Tesla idled its lone U.S. car plant in the face of the coronavirus pandemic. Deliveries, which cruised past analysts’ expectations, were up about 2% from the year-end quarter.
Shanghai (Gasgoo)- In February 2021, consumers in China bought the MLI (Mandatory Liability Insurance for Traffic Accidents of Motor Vehicles) for 93,680 China-built new energy vehicles (NEVs) , representing a marvelous surge of 841% over the previous year, according to the China Insurance Regulatory Commission (CIRC).
The remarkable growth was mainly due to the low base for the year-ago period when the country was at the height of the coronavirus pandemic and many consumers were locked down in their homes.
Chinese startups also scored extraordinary year-on-year growth for the same reason. Last month, insurance registrations of the vehicles from Chinese
Tesla is forging ahead despite skepticism among some safety advocates about whether Tesla’s technology is ready — and whether the rest of the world is ready for cars that drive themselves. An industry coalition consisting of General Motors’ Cruise, Ford, Uber and Waymo, among others, this week criticized the move by Tesla, saying its vehicles are not truly autonomous because they still require an active driver.
Self-driving is lightly regulated in the United States, and Tesla does not need permission to launch the new feature.
A point of contention among Tesla’s critics is that the company is moving ahead without
When Henry Ford made the assembly line happen, automobile prices dropped like a rock into a pond. The ripple effect that it had after that set a precedence that as technology and advancements occur, things should cost less.
Well, that victory was short-lived. As competition grew more intense, automotive makers had to pack their cars with better features to outsell each other. The issue with that is that it made cars more expensive, even though the value to the consumer increased.
With many types of technology, flat-screen TV’s for example, initially had incredibly high prices. I recently went through a
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