Author: john@provenroi.com
Tesla Receives Price Target Boost from Morgan Stanley Analyst According to a new note on Monday morning, Tesla received a price target boost from Morgan Stanley analyst Andrew Percoco. However, there is some caution being communicated over the next year or so. Percoco took over Tesla coverage for the firm from longtime bull Adam Jonas, who is now focusing on embodied AI stocks rather than automotive. He adjusted the price target for Tesla from $410 to $425 and changed its rating on shares from ‘Overweight’ to ‘Equal Weight’. Percoco acknowledged Tesla as the leading company in electric vehicles, manufacturing, renewable…
Tesla has recently released an update to its iOS app, version 4.51.5, which brings a new feature that enhances the user experience. The update includes a new real-time directional view on the app’s homepage, similar to Apple’s Precision Finding in the Find My app. This feature allows users to easily locate their parked Tesla by providing a directional arrow that points towards the vehicle and displays the precise distance in real time as the user moves. The introduction of this feature is a significant improvement in terms of convenience, especially in crowded parking lots or unfamiliar locations where finding your…
Tesla has reached a significant milestone at its Shanghai Gigafactory, with the production of four million vehicles. The latest family-sized Tesla Model Y L SUV is the electric vehicle marking this achievement. The Gigafactory has been a key part of Tesla’s global production strategy, allowing the company to meet the growing demand for electric vehicles. The Tesla Model Y has been gaining popularity among consumers, thanks to its spacious interior, impressive performance, and cutting-edge technology. With the Gigafactory in Shanghai producing four million vehicles, Tesla has solidified its position as a leader in the electric vehicle market. The success of…
With the cost of new cars reaching record highs and the removal of key incentives for electric vehicles, the American car market is facing a significant challenge. The average price of a new car is now at a staggering $50,000, making it unaffordable for many buyers. This is further exacerbated by the absence of incentives that once made electric vehicles a more attractive and affordable option for consumers. Hyundai’s head of software research recently stepped down as the company lags behind in autonomous vehicle technology, highlighting the challenges faced by traditional automakers in adapting to new trends and technologies. On…
Tesla is making big moves in Japan with plans to expand its charging network to more than 1,000 Superchargers by 2027. Currently, Tesla operates 695 Supercharger stalls at 138 locations across the country, but this major expansion will significantly increase accessibility for Tesla owners in Japan. The decision to expand the charging network comes as part of Tesla’s ongoing efforts to support the growing number of electric vehicles on the road in Japan. With the demand for electric vehicles increasing, having a robust charging infrastructure is crucial to ensure that Tesla owners can easily charge their vehicles while on the…
Chinese battery giant Gotion High-Tech had ambitious plans to bring local manufacturing of lithium-ion batteries to Michigan, with the construction of a $2.4 billion battery factory in Northern Michigan. The company promised to create 2,350 high-paying jobs and one of the state’s largest economic development projects. The State of Michigan initially backed the project, offering more than $100 million in subsidies to Gotion. However, the state’s economic development division has since rescinded its support, asking for the return of the disbursed funds and canceling the remaining subsidies promised to the company. Gotion High-Tech is a major player in the global…
The GLB 350 4Matic has a total system output of 429 hp and 384 lb-ft of torque, allowing it to accelerate from 0 to 60 mph in just 4.4 seconds. This makes it the quickest version of the GLB available. Despite the added weight of the all-wheel drive system, Mercedes says the GLB 350 4Matic should still be able to cover between 300 and 350 miles (483-563 kilometers) on a single charge on the WLTP cycle. Both versions of the GLB come with a standard 11 kW onboard charger, allowing for Level 2 AC charging speeds. However, the big news…
Tesla enthusiasts have been eagerly awaiting the arrival of the 2025 Holiday Update, and now Tesla has finally revealed the exciting new features that will be included in this update. From functional improvements to fun additions, there is a wide variety of new inclusions to look forward to. One of the standout features of the update is the addition of Grok with Navigation Commands (Beta). This feature will allow Tesla owners to add and edit navigation destinations using Grok, providing a more seamless navigation experience. Grok’s “Assistant” personality will enhance the navigation experience by offering insights into destinations, including reviews…
Yasa, a UK-based company, has recently unveiled a groundbreaking in-wheel electric motor that has the potential to revolutionize the automotive industry. This new drive unit prototype is based on Yasa’s record-breaking tiny axial flux motor and is capable of providing over 1,000 horsepower per wheel. What sets this motor apart is not just its impressive power output, but also its regenerative braking capabilities, which are so advanced that they could potentially eliminate the need for physical brakes in certain applications. In-wheel motors for electric cars have long been considered a promising technology due to their ability to save weight and…
Tesla is making big moves in China with plans to launch new simplified versions of the Model 3 and Model Y by mid-2026. According to reports, the electric car manufacturer is aiming to expand its product lineup in the Chinese market, targeting a mid-2026 release for the standard versions of the popular electric vehicles. In addition to introducing the new models, Tesla is also reviving its long-awaited NV91 program. This program signifies a significant step forward for Tesla as it continues to solidify its presence in the Chinese market. The decision to launch simplified versions of the Model 3 and…