Tesla (TSLA) analyst predicts more price cuts to come

By Maria Merano Posted on April 3, 2023 Tesla (NASDAQ:TSLA) analyst Dan Ives from Wedbush predicted that the company has room for more price cuts in the short term. During an interview, Ives explained Tesla’s current situation and its valuation.  Dan Ives stated that Tesla had to ultimately “rip the band-aid off,” referring to the …

Tesla China competitor BYD sells 552,076 NEVs in Q1 2023

By Maria Merano Posted on April 3, 2023 Tesla Giga Shanghai’s main competitor in China, BYD, sold 552,076 new energy vehicles (NEVs) in the first quarter of 2023. BYD’s NEV sales are up 92.81% year-over-year, but down 19.22% compared to Q4 2022.  In January 2023, BYD sold approximately 151,341 NEVS. While in February, the Chinese …

Tesla Cybertruck production is close, new details from Elon Musk reveal

By Joey Klender Posted on April 2, 2023 Tesla CEO Elon Musk revealed yesterday that he walked the Cybertruck production line for several hours yesterday, basically revealing that the first phases of the all-electric pickup’s manufacturing are close. “Walked whole Cybertruck production line at Giga Texas for several hours earlier today – gonna be awesome!” …