Tesla

Companies 21st August 2024

EMU announces plan to introduce additional 9% tariff on Tesla cars imported from China

Bankinter | The EMU announces its plan to introduce an additional 9% tariff on Tesla cars imported from China. This figure results from a downward reassessment of the preliminary number. The applied tariff varies between companies in the sector, as the EMU has considered factors such as the company’s country of origin (Chinese-owned companies receive more benefits from the government) or whether they have cooperated with the investigation to determine…

Companies, World economy 19th May 2023

Tesla to consider advertising its products, demand problems?

Bankinter: Good performance on Wednesday after the messages launched at the Shareholders’ Meeting. The highlights are: (i) Musk stated that he will remain at the helm of Tesla, dismissing rumours of his possible retirement now that he is also in charge of Twitter. (ii) Deliveries of the Cybertruck will begin this year. (iii) Tesla is working on the development of two new models. (iv) It will consider starting to announce…

Companies, World economy 19th April 2023

Tesla prepares Shanghai factory to manufacture energy storage batteries to prevent power outages

Singular Bank | Tesla announced last week the construction of a factory in Shanghai where it will produce its Megapack, energy storage batteries used to stabilise power grids and prevent power outages, which it already manufactures at a plant in California (USA). The new plant will have a production capacity of 10,000 units per year and construction will begin in the third quarter of this year. This project will lower…

World economy 3rd January 2022

Tesla’s Deliveries In Q4 2021 Beat Expectations With 308.600 Cars

Bankinter | The deliveries of vehicles in Q4 2021 amply beat expectations. The figure was 308.600 vs 263.026 expected, as the production of vehicles rose for the sixth consecutive quarter. In Q4 2021, deliveries rose 70% year-on-year and 30% vs Q3. In accumulated terms, the group delivered 936.172 cars (up 87%) in 2021. Bankinter analysis team’s opinion: The figures reflect very significant growth. It is a remarkable evolution if we…

World economy 13th May 2021

Tesla Stops Accepting Bitcoin Payments Due To Its Environmental Impact

Fernando Alberca | Tesla backs down on bitcoin. The electric vehicle manufacturer has suspended the use of bitcoin as a means of payment to buy its products. The reason for this decision was given on Twitter by the CEO of the company himself, Elon Musk, on Thursday May 13 shortly after midnight. “Tesla has suspended the purchase of vehicles with bitcoin. We are concerned about the rapid increase in the…

Relevant News Item 9th May 2021

‘Electric Car Production To Grow To 145 Million By 2030’

European Views | The number of electric vehicles plying the road is projected to jump to 145 million over the next nine years if governments globally continue to beef up efforts to meet international energy and climate goals. ccording to a report by CNBC citing the International Energy Agency’s Global Electric Vehicle Outlook, the number was even expected to rise further to 230 million by the end of the decade.

World economy 9th February 2021

Tesla And Cryptocurrencies: From Joking About Them, To Buying $1.5 Bn In Bitcoins

Fernando Alberca | The US Securities and Exchange Commission confirmed yesterday that Tesla had reported a $1.5 Bn bitcoin purchase. The firm has also enabled customers to buy its vehicles with this cryptocurrency. In the last weeks, Musk had been asking in Twitter whether bitcoin had sufficient liquidity to handle large volumes, but, as he had also encouraged on ironies of cryptocurrencies in the past, bitcoiners considered Musk’s words to be just another manifestation of his peculiar sense of humor.

In the World, World economy 17th January 2021

The Supercharged Sentiment Driving Tesla

Rob Hansen ( Vontobel AM) | Tesla was one of the highest-flying stocks in 2020. While optimism about the future of electric vehicles (EVs) is understandable, Tesla’s current valuation reflects aggressive assumptions about its dominance of the electric vehicle market and its array of ancillary businesses.

Ibex, Markets, Spanish economy 11th January 2021

IAG, Spanish Investors’ Favourite Stock In 2020

The shares of IAG, Iberia’s parent company, were the most traded by Spanish investors in 2020, said the European online broker Degiro, while Tesla Motors’ shares were the most traded in Europe this year. IAG’s shares are followed by Banco Santander’s, the Chinese electric vehicle company NIO (listed on the New York Stock Exchange) and the US manufacturer Tesla, on the Nasdaq.

In the World, World economy 20th December 2020

Learning To Become The World’s Second-Richest Man

Peter Isackson | A year ago, Elon Musk was officially worth about $20 Bn. Two weeks ago, he became the world’s second-richest person, with a fortune estimated at $128 Bn. Thus, Musk deserved a lengthy video interview with the Wall Street Journal. It could probe into how Musk managed to become the world’s wealthiest and most admired innovator. The Journal couldn’t saddle any random hack with that formidable task, and so its editor-in-chief, Matt Murray, rose to the occasion. The interview lasted half an hour and can be viewed on YouTube.

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