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A 2020 Tesla Model Y Performance will go 315 miles on a full charge, according to final numbers posted to the EPA’s fuel economy site. Forbes spotted the posting first, and they match the numbers that were laid out in Tesla’s Q4 2019 earnings report. Tesla initially promised a range of approximately 280 miles when the Model Y was revealed, but “due to continued engineering progress of the Model Y all-wheel drive,” the number was revised to 315 miles.
China is not only the world’s top supplier of battery metals, but also the world’s top processor, and that means the country is vital to the electric vehicle revolution
(Bloomberg) -- Tesla Inc. has overcome a legal roadblock standing in the way of Elon Musk’s plan to build an electric-car factory in Germany.A Berlin-Brandenburg court on Thursday ruled that Tesla can resume cutting down trees at a forest site in the small town of Gruenheide to make way for its first assembly plant in Europe. That puts the U.S. carmaker on track to start construction before the start of a crucial breeding period for local wildlife in March.The court found that local authorities didn’t violate laws when they allowed work on the factory to start, throwing out a complaint by Gruene Liga Brandenburg, an environmental group that claimed Tesla and local authorities were sidestepping regulations to rush the project.The decision is a boon to Tesla’s ambitious timetable to have the plant up and running by the middle of next year. The company plans to eventually produce as many as 500,000 cars a year at the site, employing 12,000 people and posing a serious challenge to Volkswagen AG, Daimler AG and BMW AG.Musk, Tesla’s chief executive officer, recently tried to ease local concerns about water usage at the plant, which would border a nature reserve.Local officials had warned that construction could be delayed by six to nine months if the forest isn’t cleared by mid-March. Tesla has already cut down two-thirds of the trees and should be able to fell the remainder in time.Brandenburg’s environment ministry this month gave Tesla a preliminary green light to start cutting down trees in an area equivalent to 100 soccer fields ahead of granting final approval. The court stopped the process with an injunction on Feb. 15. By late Thursday, the appeals court ruled that legal requirements to allow early construction were met.Gruene Liga has warned that Tesla’s plant could threaten the region’s water supply and overburden local transport infrastructure. The group argued that authorities shouldn’t have allowed the forest to start being cleared until after March 5, the deadline set for environmental groups to comment on the project.Local officials argue the site is an inferior pine forest planted to be harvested in the first place. The planned factory is of “great significance” to climate change prevention and one of the most important industrial investments in eastern Germany “in a long time,” Economy Minister Peter Altmaier told German publisher Funke Mediengruppe this week.The factory will be designed with “sustainability and the environment in mind,” Musk said last month on Twitter, adding Tesla will plant three new trees for every one cut. The company still needs final approval for the project from authorities in the state of Brandenburg.Tesla will also have to scare off or relocate wolves, bats, snakes, ants and lizards until construction is over. Under German regulations, the project must consider the breeding period for local wildlife in spring.(Updates with details of court ruling in seventh paragraph)To contact the reporters on this story: Karin Matussek in Berlin at email@example.com;Stefan Nicola in Berlin at firstname.lastname@example.orgTo contact the editors responsible for this story: Anthony Aarons at email@example.com, Craig Trudell, Chester DawsonFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Chamath Palihapitaya holds the stake after the Palo Alto-based blank-check company he created helped Richard Branson take his New Mexico-based space tourism company public last fall.
Andy Swan of LikeFolio joined the podcast this week to discuss how social media can help identify movers like Tesla stock before they make their big runs.
A German court on Thursday overturned an injunction that has halted Tesla Inc.’s preliminary work to prepare to build its first European plant on the outskirts of Berlin, defeating a move by local environmentalists to stop Tesla from clearing a patch of forest.
Tesla Inc got approval from a German court on Thursday to continue to cut down forest near the capital Berlin to build its first European car and battery factory, in a defeat for local environmental activists. The court said in a statement it had rejected urgent applications to stop the land being cleared of trees from several environmental groups, adding its ruling was final. The U.S. electric carmaker announced plans last November to build a Gigafactory in Gruenheide in the eastern state of Brandenburg that surrounds Berlin, a decision that was initially lauded as a vote of confidence in Germany.
Do you believe the world will embrace a green path toward the future? If so, you might want to consider slapping a palladium position next to your Tesla shares in your portfolio, according to the investor behind the Market Ear blog.
China is reportedly considering an extension to subsidies for sales of electric cars amid flagging demand, lifting shares of Chinese EV makers.
Every few years a "Concept Company" files to list on the stock market, the latest being Tesla Inc (NASDAQ: TSLA) which disrupted and changed the transportation industry, according to Citron. There hasn't been an IPO with similar potential until Schrodinger Inc's (NASDAQ: SDGR) Feb. 6 IPO.
Stocks of solar-power and other alternative-energy companies have rallied this year, with some on Wall Street saying that the boom can last this time around.
An investor famed for her call that Tesla shares could be worth as much as $4,000 in the next five years has just upped that target, significantly.
The Brazilian government is working to lure Tesla Inc to open a plant in the country, the Brazilian president's son and lawmaker Eduardo Bolsonaro said on Twitter on Thursday. The lawmaker said there has been a video conference with William Popp, charge d'affaires at the U.S. embassy in Brasilia, and Brazilian authorities to discuss the matter. Lawmaker Daniel Freitas said in a statement the Brazilian government, including President Jair Bolsonaro, is planning a visit to Tesla's headquarters in Palo Alto, California, to make the electric carmaker an offer.
(Bloomberg) -- Tesla Inc.’s electric cars raced up Consumer Reports’s latest auto brand rankings, inching closer to leader Porsche.Tesla jumped eight spots -- more than any other brand -- to No. 11 in an annual report based on road tests, reliability data, owner satisfaction surveys and safety performance. Consumer Reports ranked Tesla higher than any U.S. brand and made the Model 3 sedan a top pick for the first time, a designation the nonprofit bestows to only 10 cars, SUVs and trucks per year.“The vehicles perform phenomenally,” Jake Fisher, senior director of automotive testing, said of Teslas in a phone interview. “People just love these vehicles.”The acclaim is a major coup for Elon Musk, who eschews the traditional advertising that costs major automakers billions. Many car buyers consult Consumer Reports for big-ticket purchases because it’s built a reputation for thorough and meticulous testing. The organization buys all the vehicles it tests and doesn’t accept any marketing dollars from manufacturers.The Model 3 didn’t perform as well when it first launched in 2017 because, as with the Model S sedan, Tesla was making regular changes to the car on the fly, Fisher said. While the company made some tweaks using over-the-air software updates, others involved changes to hardware that tend to cause problems with reliability. Those cars have stabilized and continue to help the brand overcome poor scores for the Model X sport utility vehicle.Porsche climbed two spots in the rankings to knock Subaru out of first place, though two of the Japanese brand’s models were top picks: the Forester SUV and Legacy sedan. Toyota Motor Corp. dominated those honors by winning four designations with its namesake models -- the Supra sports car, Avalon sedan, Prius hybrid and Corolla small car -- and one with Lexus for the RX SUV.Hyundai Motor Co.’s Genesis luxury brand finished second, unchanged from a year ago. The Korean brand has been on a roll in several influential surveys, leading J.D. Power’s Initial Quality Study each of the last two years. Its first SUV model, the GV80, goes on sale this summer.“Genesis is a luxury brand that competed extremely well right out of the gate,” Fisher said. “It reminds you of 1989 when Lexus arrived.”Ford Motor Co.’s Lincoln line was the second-best American car brand, placing 13th. U.S. automakers were otherwise relegated mostly to the bottom third of the rankings. The Ford brand fell to 23rd, and General Motors Co.’s Chevrolet and GMC placed 25th and 26th.Cadillac’s continued reliability problems dropped the brand to 29th. The Fiat brand again finished last among 33 brands, while Jeep, the cash-cow brand within Fiat Chrysler Automobiles NV, didn’t fare much better.Owners like Jeep’s styling, but the SUVs continue to have ride, handling and quality issues that contributed to the brand slipping two spots to 31st.“Take the badge off and look what do they do, how do they handle, what’s the reliability,” Fisher said. “They just are not competitive.”To contact the reporters on this story: David Welch in Southfield at firstname.lastname@example.org;Keith Naughton in Southfield, Michigan at email@example.com;Gabrielle Coppola in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Craig Trudell at email@example.com, Chester DawsonFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Albemarle Corp said on Thursday that none of its employees in China have contracted the coronavirus, but its lithium production facilities in the country will operate at reduced rates for the foreseeable future. Albemarle produces lithium in Chile and Australia and sends it to China for final processing. The company's lithium is used in Teslas and other EVs.
Tesla TSLA got a love letter of sorts from its billionaire co-founder and CEO, Elon Musk, who on Valentine's Day laid out $10 million to lift his stake in the electric-car giant.
Futures had a weaker tone before the opening bell despite positive news about China cutting its primary loan rate. The China stimulus didn’t seem to have much impact outside of China, where stocks rose nearly 2%. European markets fell, U.S. Treasury yields dropped, and the dollar continued to roll up gains vs. the euro as investors apparently still sought potential safety of dollar-denominated assets.
Renaissance Technologies, added more than 3 million shares of Tesla to its holdings in the fourth quarter of last year, as the electric-vehicle maker’s shares catapulted higher, according to public filings.