Author: john@provenroi.com

Tesla stock (NASDAQ: TSLA) continues to impress Wall Street analysts, with Canaccord Genuity analyst George Gianarikas raising the firm’s price target on Tesla shares to $490 from $333. This adjustment comes as Tesla shares have been consistently trading well above the previous target, currently sitting at around $443. The stock has surged by over 34 percent in the last month, showcasing strong growth and investor confidence. In a recent note to investors, Gianarikas outlined Tesla’s strategic initiatives and growth prospects across its various divisions. Despite concerns surrounding the removal of the $7,500 EV tax credit, Canaccord remains optimistic about Tesla’s…

Electric vehicles have been a hot topic in the automotive industry for quite some time now, thanks in part to the EV tax credit that has helped boost sales over the years. But as the tax credit comes to an end, automakers are bracing themselves for a downturn in sales and increased uncertainty in the market. The third quarter of this year saw record-breaking EV sales, driven in part by consumers rushing to take advantage of the tax credit before it expired. Now, as we enter the final day of the tax credit, the industry is facing a pivotal moment.…

SpaceX completed another successful mission on September 28, 2025, by launching 28 Starlink satellites into orbit from Vandenberg Space Force Base in California. The Falcon 9 rocket took off from Space Launch Complex 4 East at 7:04 p.m. PT/10:04 p.m. ET, marking SpaceX’s 16th orbital launch of the month. This achievement tied the company’s record for the most launches in a single month, previously set in May. The first stage booster used for this flight, B1063, is one of SpaceX’s most experienced rockets, with Sunday’s launch being its 28th mission. This booster has previously supported significant missions such as NASA’s…

The Mercedes-Benz EQB electric crossover has officially been discontinued in the United States and Canada after the 2025 model year. The decision to retire the seven-seater electric vehicle was confirmed by a company spokesperson in response to reports that the German online configurator for the EQB had been taken offline. “The EQB has reached the end of its planned lifecycle and will not be offered in the U.S. or Canada after model year 2025,” the spokesperson stated. However, Mercedes-Benz remains fully committed to electrification and has a new product offensive on the horizon. Two new SUVs based on a new…

Tesla owners in Australia and New Zealand have been quick to embrace the Full Self-Driving (Supervised) feature, collectively logging over one million kilometers (621,000 miles) in less than two weeks since its public launch. This impressive milestone was announced by Tesla Australia & New Zealand (@TeslaAUNZ) on Twitter. To put things into perspective, one million kilometers is equivalent to approximately 67 laps around Australia or more than 600 trips between Auckland and Invercargill. Earlier this month, an adventurous Australian Tesla owner made headlines by driving a staggering 13,577 km (8,436 miles) around the entire continent using FSD (Supervised), marking the…

Lucid Motors Attracting Former Tesla Owners Lucid Motors’ interim CEO Marc Winterhoff recently shared insights on the company’s success in attracting former Tesla owners. According to Winterhoff, Lucid has seen a significant increase in business from individuals who have previously owned Tesla vehicles. One of the driving factors behind this trend is the aging Tesla Model S, which has not seen significant updates for quite some time. Lucid CEO’s Vision for the Future In an interview with the Financial Times, Winterhoff discussed the challenges that Lucid Motors faces as it competes in the electric vehicle market. He highlighted Uber’s investment…

The landscape of electric vehicles is rapidly evolving, with automakers striving to deliver cutting-edge technology and software in their EV offerings. Among the players in this field, three distinct groups emerge based on their approach to electric cars and software integration. At the forefront are Tesla and Rivian, setting the bar high with their in-vehicle software capabilities. These companies have established themselves as leaders in the EV space, showcasing innovative technology and seamless software integration. On the other end of the spectrum are the legacy automakers like General Motors and the Volkswagen Group, who are making strides in the electric…

Xiaomi CEO Lei Jun has recently disclosed the extent to which the company has been closely studying Tesla in the development of its own electric vehicles. At a recent event at the Beijing National Convention Center, Lei revealed that Xiaomi had purchased three Tesla Model Ys earlier this year and meticulously dismantled them to analyze each component. “We bought 3 Model Ys at the start of this year, disassembling the parts one by one, and studied every component, one at a time,” Lei stated, as reported by Business Insider. During his presentation, Lei showcased a slide comparing the Model Y…

Tesla Prepares Minor Updates for Model 3 and Model Y in China Tesla is gearing up to roll out subtle enhancements to its Model 3 and Model Y lineup in China. While these updates do not represent a full redesign, they signal the automaker’s ongoing efforts to continuously improve their vehicles. According to sources within Tesla, the updates will primarily focus on improving the overall driving experience and enhancing the technology features of the vehicles. These updates are expected to be rolled out in the coming months and will likely be available to new customers as well as existing owners…

Lucid Motors’ interim CEO Marc Winterhoff recently discussed the company’s position in the electric vehicle market and its success in attracting former Tesla owners. According to Winterhoff, Lucid has been gaining traction among customers who are looking for alternatives to Tesla, particularly due to the aging lineup of the Model S. Winterhoff emphasized that Lucid is facing a challenging journey ahead but remains optimistic about the company’s future. He also mentioned Uber’s investment in Lucid and the ride-hailing giant’s order of 20,000 units of the Lucid Gravity, a direct competitor to the Tesla Model X. Additionally, Winterhoff highlighted the importance…