Author: john@provenroi.com
Cathie Wood, the founder of Ark Invest, recently revealed that Tesla is her top stock pick. In a podcast interview with Steven Bartlett on “The Diary Of A CEO,” Wood highlighted Tesla’s innovative edge, pointing to its convergence of robotics, energy storage, and AI. She emphasized that Tesla’s integration of robots, energy storage, and AI presents a unique opportunity for growth. Wood specifically mentioned Tesla’s Optimus robots and their potential to revolutionize industries beyond the current offerings of the company. Ark Invest issued a $2,600 price target for Tesla in June 2024, which Wood reaffirmed in a Bloomberg interview in…
Tesla, the electric car company, is gearing up for the launch of its autonomous taxi service in just two days. Despite the lack of public announcements, a Tesla Robotaxi has been spotted cruising around Austin, Texas, giving a glimpse of what’s to come. The sighting was captured in a video posted on Twitter by user “Terrapin Terpene Col,” showing a Tesla Model Y with no human driver behind the wheel and the distinctive “Robotaxi” branding on the door. The video was later shared by Ashok Elluswamy, Tesla’s head of autonomy and AI, with a cryptic caption that seemed to confirm…
China’s electric vehicle market has been booming, with over 100 brands producing battery-powered cars in the country. However, this surge in production has led to a serious overcapacity issue, as the domestic market is unable to absorb all the vehicles being manufactured. This problem is not only affecting China but is also a concern for the global auto industry. Geely, a Chinese automotive giant that owns brands like Volvo, Geely Auto, Zeekr, and Lotus, has warned about the growing overcapacity in the global automotive industry. According to Geely’s chairman and founder, Li Shufu, the industry is facing “serious overcapacity,” prompting…
Tesla has officially made its presence known in Austin, Texas, as the company has appeared on the Texas Department of Motor Vehicles’ list of “Known AV Operators in Austin.” This move solidifies the fact that Tesla is actively testing autonomous vehicles in the city. Rumors have been swirling that Tesla is gearing up to launch its robotaxi network in Austin on June 12, which is just around the corner. This news has sparked excitement among Tesla enthusiasts and industry observers alike. The discovery of Tesla’s listing on the DMV page was first made by Twitter user @TeslaYoda on June 9.…
Tesla Promotes 7-Seat Model Y, Hints at Imminent Launch Tesla looks to be preparing to bring back the 7-seat version of the Model Y, according to a new email sent to customers last week. The email teased that the new redesigned Model Y will feature a third row of seats, making it a more practical option for larger families or those in need of extra seating capacity. The email did not provide a specific launch date for the 7-seat Model Y, but it did hint at an imminent release. This news has generated excitement among Tesla enthusiasts and potential buyers…
Cathie Wood, the founder of Ark Invest, recently revealed that Tesla is her top stock pick during a podcast with Steven Bartlett on “The Diary Of A CEO.” Wood highlighted Tesla’s innovative edge, pointing out the company’s convergence of robotics, energy storage, and AI. Wood emphasized the potential of Tesla beyond its current offerings, particularly with its Optimus robots. She mentioned, “And it’s not stopping with robotaxis; there’s a story beyond that with humanoid robots, and our $2,600 number has nothing for humanoid robots. We just thought it’d be an investment, period.” In June 2024, Ark Invest issued a $2,600…
Chevrolet, a subsidiary of General Motors, has been on a roll with its electric vehicle (EV) sales in the United States. In the first five months of this year, Chevrolet managed to outperform Ford in the EV market, becoming the second-best-selling EV brand in the country, just behind the reigning champion, Tesla. With over 37,000 EVs sold in the U.S., Chevrolet has been making significant strides in the EV segment. General Motors, Chevy’s parent company, sold a total of 62,000 EVs during the same period, thanks to its diverse portfolio of 13 different EV models. The Chevrolet Equinox EV emerged…
Tesla is making a bold move to incentivize Cybertruck purchases by offering 0% APR financing for 60 months when customers opt for the Full Self-Driving (Supervised) package. This offer, announced by Tesla’s @cybertruck account, is available for all trims of the Cybertruck but comes with a deadline for delivery by June 30, 2025, and is exclusive to customers in the United States. The Full Self-Driving (Supervised) option, priced at $8,000 USD, equips the Cybertruck with advanced driver-assist features such as Navigate on Autopilot, automatic lane changes, and traffic light recognition. Tesla promises that with this package, the vehicle can navigate…
The automotive industry is facing a significant shift as automakers adjust their strategies in response to changing market conditions. The transition to electric vehicles (EVs) is proving to be slower than anticipated, leading many companies to refocus on hybrid vehicles instead. According to analysts at Bank of America, carmakers are planning to launch 58 hybrids in the U.S. over the next few years, signaling a renewed emphasis on partially electrified vehicles. In a recent report titled “Car Wars,” Bank of America highlighted the challenges facing automakers as they navigate a volatile landscape. Tariffs, shifting federal priorities, and a slowdown in…
Tesla Model Y Reclaims Best-Selling SUV Title in China Tesla’s Model Y has once again claimed the title as the best-selling SUV in China, according to newly released insurance registration data for May 2025. With 24,770 units sold, the all-electric mid-size SUV edged out its competitors to take the top spot. This achievement is a testament to the growing popularity of electric vehicles in China, as more and more consumers are opting for cleaner and more sustainable transportation options. The Model Y’s success in the Chinese market highlights the strong demand for Tesla vehicles and the company’s commitment to innovation…