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☆ Analysts are split over where Tesla goes from here after its latest quarterly results
▼ + stars: | 2022-10-20 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Analysts are divided over the near-term and future trajectory of Tesla shares after the electric vehicle company posted mixed third-quarter results. Piper Sandler's Alexander Potter attributed much of the move to the company's gross margins — which came in at 27.9%, slightly below some analysts' expectations. To be sure, not all analysts are convinced of Tesla's near-term investment thesis. Tesla's stock is down about 37% this year and sits more than 46% off its 52-week high. "TSLA posted strong Q3 results amidst continuing materials shortages and logistics volatility.

☆ Slovakia's InoBat intends to build electric vehicle battery factory in Spain
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: +1 min

MADRID, Oct 19 (Reuters) - Slovakia's battery manufacturer InoBat said on Wednesday it had signed a declaration of intent with the Spanish government to set up an electric vehicle battery factory in the city of Valladolid in central Spain. The declaration of intent is not a finalised agreement and other locations, including the United Kingdom, remain under consideration for its Western European gigafactory, the company added in a statement, explaining that it plans to make a decision on the location before the end of the year. According to the Spanish Industry Ministry, the plant is expected to cost 3 billion euros ($2.94 billion) and would create more than 2,000 direct jobs. InoBat considers Valladolid an attractive location due to its wealth of talent, access to renewable energy, proximity to equipment manufacturers and strong transport links. ($1 = 1.0206 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Inti Landauro, editing by Andrei KhalipOur Standards: The Thomson Reuters Trust Principles.

☆ Stocks making the biggest moves after hours: Tesla, IBM, Alcoa and more
▼ + stars: | 2022-10-19 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Tesla — Shares dropped 3.7% after the electric vehicle maker reported third-quarter revenue that missed analyst expectations. Tesla reported earnings of $1.05 per share, compared with expectations of 99 cents adjusted earnings per share, according to analysts surveyed by Refinitiv. IBM — Shares jumped 3.9% after IBM beat analyst expectations in its third-quarter earnings results and raised its full-year growth outlook. Alcoa reported a loss of 33 cents per share, compared to expectations of a gain of 8 cents per share, according to consensus estimates on FactSet. The company reported revenue of $2.85 billion, compared with expectations of $2.96 billion.

☆ Here's how the $360 billion electric car battery market will impact the future of EVs — and how affordable they are for car-buyers.
▼ + stars: | 2022-10-11 | by ( Alexa St. John | ) www.businessinsider.com time to read: +14 min

There's also money to be made: The EV battery market could hit $360 billion by 2030, according to McKinsey. At Insider, we've looked at white-hot EV battery technologies that give automakers the EV performance they need at the price their customers want. It just led a $400 million investment into the little-known EV battery startup that could make it work. Giants like Tesla, GM, and Ford are going to be desperate for EV materials in the next decade. The soon-to-be $339 billion battery industry is on a hiring tear to power the shift to electric cars.

☆ Firefighters extinguish flames on grounds of Tesla's Germany plant
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterA general view shows the Tesla logo on the Gigafactory in Gruenheide near Berlin, Germany, August 30, 2022. REUTERS/Annegret HilseBERLIN, Sept 26 (Reuters) - A fire that broke out on the grounds of Tesla's (TSLA.O) plant in Germany at 0330 local time (0130GMT) on Monday has been extinguished, with no injuries reported, according to the local fire department. Tesla's fire department took over command of the operation about five hours later, though local firefighters remain on the scene. The cause of the fire has not yet been determined and police are looking into it, a regional spokesperson said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Victoria Waldersee, Writing by Miranda Murray; editing by Matthias WilliamsOur Standards: The Thomson Reuters Trust Principles.

☆ Goldman says copper demand is about to surge. Here are the stocks it expects to benefit
▼ + stars: | 2022-09-20 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Copper demand is set to surge, Goldman Sachs says — and supply is unlikely to keep up. The investment bank has named a number of metal stocks it says will shine in a copper deficit scenario. Along with the "green transition" driving a surge in demand for copper, Goldman noted that new supply from approved projects will peak in 2024. After this, there are no significant copper projects planned until 2027 or 2028, it added. "While supply growth appears muted from 2024, demand is likely to accelerate given the push towards a low-carbon economy and growing green copper demand," Goldman analysts wrote in a Sept. 13 report.

☆ Tesla's gigafactory is reportedly warning employees about smoke exposure amid the Mosquito Fire and changing air filters, but work continues
▼ + stars: | 2022-09-19 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Tesla sent a memo to workers at its Nevada gigafactory regarding the Mosquito Fire, CNBC reports. But, smoke has filled Nevada towns, including Sparks, Nevada — the location of the Tesla gigafactory that employs thousands of workers. On Thursday and Friday, air quality in the area was rated between "unhealthy" to "very unhealthy." On Wednesday, public school officials closed several campuses in Reno and Sparks, Nevada over the hazardous air quality. But, Tesla workers at the Nevada gigafactory might not have a choice when it comes to remote work options.

☆ Tesla aims to cut wildfire smoke exposure for Nevada Gigafactory workers, memo explains
▼ + stars: | 2022-09-17 | by ( Lora Kolodny | ) www.cnbc.com time to read: +2 min

As a massive wildfire chewed through tens of thousands of acres in California over the past week, smoke and ash billowed into nearby towns including Sparks — home to Tesla's Gigafactory in Nevada. Overall air quality around the Tesla facility was ranked "unhealthy" to "very unhealthy" on Thursday and Friday with around 57 micrograms of fine particulate matter per cubic meter of air, according to the U.S. Air Quality Index. When air quality is that poor, people of all ages are advised to seriously limit outdoor activities, and wear a mask outside to filter smoke and other pollutants. Nevada Gigafactory HVAC filters have been upgraded to a MERV 13 level or higher over the past year to capture wildfire particulates. California's Caldor Fire, for example, burned more than 220,000 acres in 2021, destroying homes, land and leading to hazardous air quality in surrounding areas including in Nevada.

Shivon Zilis was pictured for the first time alongside Elon Musk and their twins on Wednesday. Musk quietly fathered twins with Zilis, a director at Neuralink, in 2021. She has a high-level role at NeuralinkIn 2017, Zilis joined Neuralink, the futuristic brain microchip company also co-founded by Musk. Tesla's new Gigafactory is located near Austin, and court documents obtained by Insider show list Musk and Zilis as residents of that address. Zilis and Musk's twins were born in November, a few weeks before Musk and the musician Grimes had their second child via surrogate.

Persons: Shivon Zilis, Elon Musk, Musk, Zilis, Elon Musk's, Walter Isaacson, —, Isaacson, Musk wasn't, Twitter —, Justine, Grimes, he's, Ray Kurzweil, I've, Sam Altman, Neuralink, Tesla, Lorena Gonzalez Fletcher, ck Elon Musk, Gonzalez, Austin Zilis Organizations: Elon, Service, SpaceX, Twitter, Yale University, Yale, IBM, Bloomberg Beta, Forbes, Canadian, Conference, Neuralink, California Locations: Zilis, Wall, Silicon, Austin, Ontario, Canada, Markham , Ontario, California, Texas, Boca Chica, South Texas

☆ What does Musk want with Twitter? Check out his tweets for clues
▼ + stars: | 2022-05-05 | by ( ) www.reuters.com time to read: +1 min

[1/7] Founder and CEO of Tesla Motors Elon Musk speaks during a media tour of the Tesla Gigafactory, which will produce batteries for the electric carmaker, in Sparks, Nevada, U.S. July 26, 2016. REUTERS/James Glover II 1 2 3 4 5May 5 (Reuters) - Elon Musk has secured $7.14 billion in funding from a group of investors that includes Oracle Corp (ORCL.N) co-founder Larry Ellison and Sequoia Capital to fund his $44 billion takeover of Twitter Inc (TWTR.N), according to a filing. Here's a chronology of developments, including some tweets from Musk, that shed some light on his views of the company and free speech:loadingloadingloadingloadingloadingloadingloadingloadingloadingloadingCompiled by Akash Sriram, Eva Mathews, Chavi Mehta, Tiyashi Datta and Yuvraj Malik in Bengaluru; Editing by Shounak Dasgupta, Amy Caren Daniel and Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

☆ Tesla aims to revitalize its solar energy and storage business this year after 2019 slump
▼ + stars: | 2020-02-14 | by ( Lora Kolodny | ) www.cnbc.com time to read: +2 min

Elon Musk reveals prototypes of the Tesla Solar Roof on October 28, 2016 TeslaEven with a record fourth quarter for its solar energy and storage systems business, Tesla's energy revenue declined by over $24 million in 2019, after several rounds of layoffs that started the prior year. Tesla said, in its annual financial report on Thursday, that it's ramping up solar photovoltaic production at its plant in Buffalo, New York. "We have recently started manufacturing solar panels at this facility in collaboration with Panasonic," the filing states. Since the acquisition, solar energy has been a relatively small and dwindling business for Tesla, in part because of delays in manufacturing and a longer development cycle than expected. Musk said last March that 2019 would be the "year of the solar roof."

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