Auto Sector Stocks (Page 69)

Recently, Lordstown Motors warned it may not be able to stay in business for another year. This is called a going concern issue, meaning, the company may not be able to meet its financial obligations for the next 12 months. Are they going to go out of business? Are other electric vehicle companies going to face the same issue? Let's find out.

Tesla's application to add a battery plant to Giga Berlin gets scheduled for a final public review. The plans will be available for the public to comment on from June 13 up to July 14.

We have recent news of a rumor of a giant battery factory that is going to be built close to Tesla's Giga Shanghai factory in China. There are reports that this factory is from CATL, a Chinese battery manufacturer, and will produce 4680 battery cells for Tesla. What's going on with this and why does it matter? Let's talk about it!

Tesla started selling the Model Y back in April with initial 9 deliveries. And now after 2 months, the company has delivered over 3000 vehicles for the month of May making it the most imported vehicle in the country.

Recently, there has been a lot of bad press against Tesla concerning China. First there was a customer complaining of bad brakes, then a TikTokUser saying their brakes failed. Then there are reports of China sales dropping dramatically. What's true and what's not? We have a lot to cover here!

We have breaking news from Twitter User Leon Spears (@leonspears) who purchased 7 Tesla PowerWalls 2+ and 16 Solar Panels for the roof of his condo in the Baltimore, MD area. Leon shares his experience and the numerous advantages there are to having a Tesla PowerWall 2+. Let’s go over it!

Elon Musk shows his frustration in response to a Chinese TikToker who had to make a public apology after stagging a fake Tesla brake failure video.

Elon Musk Says Inflation, specifically astronomical raw material prices, are forcing Tesla to raise vehicle prices. however, the company is implementing data-driven cost-cutting strategies.

At the end of Q1, 2021, Tesla showed just over $17 billion in cash. This is down from just over $19 billion in the prior quarter due to Tesla buying $1.5 billion in Bitcoin. This is a lot of money. Why isn’t Tesla spending it all? What should Tesla do with it (besides buying Bitcoin)? Let’s talk about it!

Elon Musk says Tesla has delayed the Plaid Model S delivery event to June 10 to do final tweaks before delivery. Musk also said Tesla will live stream the delivery event.

Tesla calls on artists to cover the Giga Berlin walls with awesome graffiti. This comes after the company in charge of the Giga Berlin building construction officially announces it has completed the project.

According to rumors going around the Tesla community, with the upcoming June 3 delivery event of the refreshed Model S, Tesla is also expected to announce 350KW V4 supercharging, V11 UI, and many more exciting things.

Tesla has removed radar from the company's Autopilot suite and replaced it with a "pure vision" system. This is expected to be the final major update before FSD wide release.

Tesla has begun foundational work at the future Giga Berlin Battery site. The complexity of the foundational mesh suggests the area will be house to truly gigantic battery manufacturing pieces of machinery.

Tesla in an update to the company's online configurator has removed the Plaid Plus variant of the Model S from the order page.

Elon Musk says the production version of the Tesla Roadster will get a design overhaul. A plaque at the Peterson Automotive Museum also suggests the Roadster with the SpaceX package will have a 1.1 second 0 to 60 time.

Tesla has added a medium-lift Bell 412 helicopter from a company called Heli-Australia to aid in the construction of Giga Berlin.

A filing to the regulatory agency in Texas has revealed Tesla is planning to offer an insurance product in the state. Tesla will be determining premium rates based on driving data and will offer a 70% discount for the safest drivers.

According to a new survey by Trendence, a German market analysis firm, Tesla has ascended to the number one position for the most sought-after employers in Germany.

German newspaper FAZ erroneously claims Tesla's valuation is high by comparing it to Daimler. The newspaper also urges its readers to join forces and "bring Elon Musk to his Knees" by shorting Tesla.

Following relentless attacks by Chinese media, Tesla is stepping up closed-door engagement with Chinese regulators and hiring new managers to improve the EV maker's interaction with the Chinese government.

Brandenburg's Prime Minister Dietmar Woidke is happy Tesla will be adding cell manufacturing at Giga Berlin site even though that will likely cause delay of vehicle production.

Elon Musk on Tesla's Q1 2021 earnings call has said due to part shortage Model X production will not start until Q3. Model S deliveries will start next month but will not reach volume production until Q3.

Tesla has sold a portion of the company's bitcoin holdings for a 59 percent profit. This gave Tesla a $101M profit this quarter and could be a strategy the company uses to ensure profitability going forward.

There are rumors circulating in Chinese media suggesting Tesla vehicles have been banned from highways due to brake failure issues. However, this is just another FUD report attacking Tesla China which has become widespread lately.

Following a spate of highly publicized Tesla crashes, Tesla has decided to give owners easy access to data gathered by their vehicles during an accident.

Tesla CEO Elon Musk has announced Powerwall 2 will get more than a 50% power increase. This further increases Tesla's lead over its competitors LG Chem and Sonnen.

KIA has reported impressive 2021 Quarter One Results. Kia's net earnings in the 1st.quarter increase 289.2 percent to 1.03 trillion won, which is the equivalent of about $926 Million USD.

Following an incident on Monday when a Tesla owner protested by climbing on a Model 3 at the Shanghai auto show, Tesla has been facing an onslaught of criticism by the Chinese government. And the EV maker has issued an apology.

According to The Korea Times, Apple is close to signing a deal with LG Magna e-Power to bring Apple's EV to market. Although the report also states initially the joint venture is looking for low volume production.