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The Latest Breaking News from Tesla Inc.

Elon Musk convinced pals Marc Andressen, Changpeng Zhao and Prince Al Waleed to invest in Twitter. They’re down 67%, according to a new Fidelity filing

Musk rallied arguably the most prestigious roster of technology superstars ever assembled for a single investment. It hasn't gone well so far.

Fortune

Dealerships To Invest $5.5 Billion In EV Chargers And Other Upgrades

With increasing competition from automakers that rely on direct sales, like Tesla, Rivian, and Lucid, traditional franchise dealers are under pressure from legacy automakers to step up their EV game.

InsideEVs

Panasonic Confirms Third EV Battery Plant For The US

Panasonic batteries are used by Tesla in its EVs, and Lucid announced late last year that it too will utilize the Japanese company’s cells to power the Air sedan and the upcoming Gravity SUV.

InsideEVs

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Tesla Model S And Model X Discontinued In Australia and New Zealand

Tesla reportedly cited mechanical and logistical issues as reasons to discontinue the right-hand-drive Model S and Model X .

InsideEVs

Down 22% YTD, is Now a Good Time to Scoop up Shares of NIO?

NIO stock is down 88% from all-time highs and currently trades at a lower valuation compared to its peers. Can the China-based EV stock stage a successful comeback in the second half of 2023?

Barchart

Tesla Discounts Model 3 & Y Inventory As Refreshed Model 3 Is Coming

Tesla has been cutting prices on new models since late last year, and now it just reduced the price of its Model 3 and Model Y inventory units.

InsideEVs

Ford vs. GM: Which Is the Better Unusually Active Options Buy?

Ford’s deal with Tesla is one reason investors might favor it over General Motors. In Wednesday trading, Ford had one of the most unusually active options. Does GM have anything to counter it?

Barchart

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Twitter and Tesla’s interests at odds in Elon Musk’s quiet China visit

The world’s richest person lapsed into an unusual silence on social media during his trip to the electric carmaker’s second largest market

The Guardian - UK

Elon Musk reclaims title of world’s richest person

Maverick head of Tesla and Twitter overtakes French billionaire Bernard Arnault, head of the LVMH luxury goods empire

The Guardian - UK

Watch Tesla Model S Plaid Set New World Record In Quarter Mile

For a time, the Model S Plaid was the quickest-accelerating passenger car ever produced. Rivals have arrived, but Tesla's flagship is still setting records.

InsideEVs

Inside Tesla's $4.2 Billion Model 3 Sale To Hertz

Tesla’s sale of 100,000 Model 3s to Hertz has proven to be a brilliant move and a game-changer. The rental company found new success and others are following.

InsideEVs

How did Bernard Arnault make his money?

Following Arnault’s buyout of Boussac, the billionaire fired 9,000 people working for the company, sold off most of the group’s assets (except the Dior brand), and earned the nickname “the Terminator.”

Fortune

EV Price Parity With Gas-Powered Cars May Not Come Until After 2030: Ford CEO

After 2030, costs will become lower thanks to “dramatically lower labor content,” the Michigan-based company’s chief said.

InsideEVs

Tesla’s Head Of Investor Relations Challenges Toyota’s Claims On EV Adoption

Tesla’s Head of Investor Relations, Martin Viecha, attempts to prove that Toyota’s statements regarding EV adoption can be challenged

InsideEVs

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news in one place.

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Caixin Global

Shanghai Composite Index Ended Nearly Flat on Thursday

Shenzhen Component Index closed up 0.39%

InsideEVs

Tesla Model 3 “Highland” To Be Revealed By Musk In China Today: Report

Tesla will give an early glimpse of the facelifted Model 3 “Highland” in Shanghai, as part of Elon Musk’s visit to China this week, according to a report published by Bloomberg, citing people familiar with the matter.

France 24

Musk wraps up two-day China visit aimed at boosting Tesla sales

A private jet belonging to Tesla CEO Elon Musk departed Shanghai on Thursday, Chinese flight-tracking data showed, as the tycoon wraps up a visit to China that has seen him express hopes to expand business in the world's largest market for electric vehicles.

The Times of India

Elon Musk stays away from Twitter for longest in a year during China trip

Elon Musk, a prolific presence on Twitter and owner of the social media platform, didn’t send any tweets while he was in China for his first visit since the pandemic.

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Zenger

Cathie Wood Onto ‘Next Thing’ In AI After ARK’s Nvidia Exit: What’s On Her Radar?

Ark Invest founder Cathie Wood clarified her firm's flagship fund Ark Innovation ETF (NYSE: ARKK) decision to cash out of Nvidia.

Newcastle Herald

The two types of people renting EVs in Newcastle

It costs about $3.75 to recharge an electric vehicle.

InsideEVs

Lucid Air Grand Touring Ownership Review: Better Than Tesla Model S?

Former Tesla Model S owner buys a Lucid Air Grand Touring and reveals several of its advantages and pitfalls.

InsideEVs

Tesla Plays It Safe, Ships EVs With Lower Charge, Compensates Buyers

Chances are, this new policy will only impact those Tesla EVs loaded on a ship to cross a body of water. China-made Teslas are shipped abroad.

Barchart

Unusual Options Activity in Tesla Stock Shows a Large Investor Taking a Position

Two large tranches of Tesla options were traded on May 30: one a near-term in-the-money put position and the other a long-term way out-of-the-money call option. This is likely from a large investor.

InsideEVs

Japanese Automakers Fail Miserably: Tesla & BYD Lead EV Space (Report)

A new study ranks automakers based on the current success of their transition to EVS. No brands even come close to Tesla or BYD, and some are despicable.

The Independent UK

Edmunds: The top five EV startups you need to know about

Designing and producing electric vehicles is a tough business, but some startup companies have already started selling EVs hoping to become as successful as Tesla

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