New details are emerging about how far the Indian government wants Tesla to go in their commitments to local auto parts sourcing before they consider lowering import taxes on electric vehicles (EVs). According to a […] The post India won’t consider import tax reduction unless Tesla commits to $500M in local parts purchases appeared first on Drive Tesla .
After Tesla’s talks with the Indian government reportedly hit a “weird stalemate situation” last month, the government is apparently sending a formal request to the … Read more The post India to Tesla: Buy $500 Million in Local Car Parts, If You Want Lower Taxes appeared first on TeslaNorth.com .
Australian mining company Liontown Resources said on Wednesday it has signed a five-year contract with Tesla to supply lithium spodumene concentrate, according to Reuters. The … Read more The post Tesla Signs Lithium Supply Deal with Australia’s Liontown Resources appeared first on TeslaNorth.com .
This week marks the one-year anniversary of Cathie Wood''s ARK Innovation ETF (NYSE: ARKK ) hitting its all-time high of $159.70 in February 2021. Since that peak, the ARKK fund''s performance has been abysmal as investors have rotated out of unprofitable, high-growth tech stocks. With ARKK shares now down more than 53% from their highs, DataTrek Research co-founder Jessica Rabe said this week there are some striking similarities between the price action of the ARKK fund in the last year and the price action in the Nasdaq following its dot-com bubble peak in March 2000. Related Link: Stanphyl Capital''s Value Stock Pair Trade: Short Tesla, Long GM & Volkswagen The Numbers: Rabe compared the … Full story available on Benzinga.com

Elon Musk Complains on Twitter About Cryptocurrency Scammers

04:47pm, Wednesday, 16'th Feb 2022 FX Empire
Tesla’s CEO and founder Elon Musk supported Dogecoin’s co-founder Billy Markus’ tweet about crypto Twitter giveaway scams.

Musk Gave Out $5.7 Billion Worth of Tesla Shares to Unknown Charity

04:39pm, Wednesday, 16'th Feb 2022 The Epoch Times
Entrepreneur Elon Musk, the world’s richest man worth over $238 billion, donated millions of Tesla shares last year to a charity according to a U.S. Securities and Exchange Commission (SEC) filing. Musk sold 5,044,000 Tesla shares between Nov. 19 and Nov. 29 last year according to the filing. These shares are estimated to have been […]
India wants EV automaker Tesla to source at least $500 Mn worth of auto components from the country before considering…

Tesla Hits the Brakes on Its New Big Thing

03:56pm, Wednesday, 16'th Feb 2022 The Street
EV leader Tesla tempers its enthusiasm for the product it presents as its potential biggest source of future profit.
Tesla fans in the UK can finally get their hands on the Model Y. At a special delivery event in Bristol on Wednesday, more than 25 electric SUV were delivered to their new owners. Photos […] The post Tesla Model Y deliveries in the UK begin, more special delivery events planned appeared first on Drive Tesla .
Tesla founder Elon Musk has reportedly chosen an unlikely steward for several of his massive donations to charity – a professional poker player with more than $18 million in career winnings to his name.

India wants Tesla to buy $500 mln of local auto parts, as carmaker seeks tax cuts

02:45pm, Wednesday, 16'th Feb 2022 Al Arabiya (English)
Tesla Inc. would need to commit to sourcing at least $500 million of auto components from India for the electric carmaker’s request for an import tax cut on its vehicles to be considered, a person
Earning season continues, with Wynn, Kraft Heinz, Marriott and others dropping reports this week.
NEW YORK , Feb. 16, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for ABNB, GNRC, AMD, NKE, and TSLA. … Full story available on Benzinga.com

Tesla signs 5-year lithium supply deal with Australia’s Liontown

02:23pm, Wednesday, 16'th Feb 2022 Drive Tesla Canada
Continuing with their efforts to secure as much raw materials for electric vehicle (EV) batteries as they can, Tesla has signed a new lithium supply deal. The latest deal is with Australia’s Liontown Resources, who […] The post Tesla signs 5-year lithium supply deal with Australia’s Liontown appeared first on Drive Tesla .

Jaguar Land Rover, Nvidia ally in vehicle software arms race

02:00pm, Wednesday, 16'th Feb 2022 Yahoo Finance
Luxury automaker Jaguar Land Rover and Silicon Valley artificial intelligence company Nvidia said Wednesday they will collaborate to develop the computer brains and nervous systems for Jaguars and Land Rovers launching in 2025 and beyond. The collaboration is a high-profile win for Nvidia Corp''s effort to expand its reach in the auto industry, building on its base in gaming, artificial intelligence and high-powered chips and software used in servers. For Jaguar Land Rover Automotive Plc, the partnership with Nvidia gives it a well-funded ally as it tries to catch up with Tesla Inc and other luxury vehicle rivals in a digital technology arms race.
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