Author: john@provenroi.com
Canaccord Genuity Maintains Tesla Price Target at $404 Following Gigafactory Texas Visit Canaccord Genuity has reconfirmed its price target of $404 for Tesla after conducting a visit to Gigafactory Texas. Despite facing some short-term challenges, the investment firm remains optimistic about Tesla’s long-term prospects. The analysts at Canaccord have reiterated their “Buy” rating for TSLA stock and have revised their delivery estimates for the first quarter of 2025 from approximately 331,000 vehicles to around 362,000 units. While this estimate falls below the consensus estimate of around 417,000 vehicles, Canaccord’s outlook for Tesla remains positive. According to Canaccord, the delay in…
Genesis EV owners in the U.S. can now take advantage of Tesla’s vast network of Superchargers, with access to approximately 20,000 charging stations across the country. This development follows closely on the heels of Hyundai’s recent announcement that its EVs are also compatible with Tesla’s DC fast charging network. While Kia, another brand under the Hyundai Motor Group umbrella, does not officially have Supercharger access, some Kia owners have discovered that they can charge their vehicles using a third-party adapter at select Tesla Superchargers. For Genesis EV owners who purchased or leased their vehicles on or before January 31, 2025,…
Rivian is expanding its manufacturing site in Normal, Illinois, in preparation for the production of its upcoming R2 electric SUV, set to launch in 2026. The company is adding a 1.1 million square-foot building to its existing 4.3 million square-foot facility, which currently produces the R1 series and electric delivery vans. This expansion will allow the plant to increase its production capacity to up to 215,000 vehicles per year. Despite facing winter weather challenges, construction on the new building is progressing smoothly. The new facility will handle the body assembly, general assembly, and final checks for the R2 model. Additional…
Google’s autonomous vehicle division, Waymo, is expanding its self-driving robotaxi services to yet another U.S. city. The company recently announced its plans to bring its autonomous ride-hailing vehicles to Washington D.C. in 2026. This announcement comes on the heels of Waymo’s plans to deploy its services in Atlanta, Georgia, and Miami, Florida in the coming months. In a press release, Waymo revealed that the services in Washington D.C. will be accessible through the Waymo One app, distinguishing it from other cities where the services are deployed through partnership agreements. Tekedra Mawakana, Waymo Co-CEO, expressed enthusiasm about bringing the comfort, consistency,…
GM-Pilot stations with EVgo now cover more than 130 locations GM-Pilot stations with EVgo now cover more than 130 locations The automaker also has GM Energy projects with ChargePoint and EVgo GM is also part of Ionna, seeking 30,000 fast-chargers by 2030 Automakers beyond just Tesla have been committing to the EV infrastructure buildout; and among them, General Motors remains one of the most diversified in this push. Tuesday, GM and Pilot Company, with the charging network EVgo, confirmed in an update that it’s been pushing ahead with its installation of electric vehicle fast-charging stations, with more than 130 locations…
The latest addition to the Jeep lineup is the all-new Avenger 4xe, and orders for this city crossover with an eAWD system have officially begun. This marks a significant upgrade for the American automaker’s smallest vehicle, which has been available as a front-wheel-drive model in Europe for the past two years. Now, with the introduction of the Avenger 4xe, customers can finally enjoy the benefits of all-wheel drive capability in this compact crossover. The Avenger 4xe is powered by a 1.2-liter turbo engine producing 136 horsepower, which is mated to a six-speed dual-clutch transmission sending power to the front wheels.…
The federal investigation into Tesla’s $43 million in iZEV rebate claims has now begun, with Transport Canada carefully reviewing each submission. There is no set timeline for when or if the funds will be released, but industry sources report that internal audits are underway at the four Tesla locations responsible for the majority of the filings. In the meantime, local dealers are still waiting for reimbursement of millions in unrecovered rebates, putting pressure on the government to address the situation promptly. The controversy began when Tesla locations across the country swiftly claimed over $43 million CAD in public funds in…
Tesla CEO Elon Musk Issues Stern Warning to Vandals During an All-Hands meeting last week, Tesla CEO Elon Musk had a strong message for vandals who have been targeting Tesla cars, showrooms, and Superchargers. This meeting, broadcasted on X for the first time, aimed to address skepticism about Musk’s commitment to the company amidst concerns about his focus on other ventures. Musk showcased Tesla’s roadmap for the coming years, reassuring employees and investors alike. He urged employees to hold onto their stock, emphasizing the company’s future impact and growth potential. Musk highlighted the transformative nature of Tesla’s expanding fleet, which…
Xiaomi, the Chinese smartphone giant, has made a bold move into the electric car industry, and it’s already making waves with its impressive safety and technology features. The company’s first electric sedan, the SU7, recently achieved a five-star safety rating in China’s C-NCAP crash test, outperforming all other cars evaluated in 2024. The SU7, launched in March 2024, has been a best-seller for Xiaomi Auto, with 186,112 units sold so far. The demand for this model continues to outstrip supply, with an 11-month lead time for new orders. The C-NCAP test, conducted by the China Automotive Technology and Research Center,…
Tesla has made a groundbreaking announcement today, revealing its official entry into the Saudi market. The electric vehicle giant will be hosting a highly anticipated launch event at Bujairi Terrace in Riyadh on April 10, offering attendees a glimpse into Tesla’s renowned global bestsellers and its innovative clean energy ecosystem. Guests at the event will have the opportunity to explore Tesla’s wide range of products, including solar panels, battery storage solutions, and electric vehicles. In addition, visitors will be able to experience the cutting-edge technology of autonomous driving with the Cybercab, as well as meet Optimus, Tesla’s humanoid robot, as…