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25 Jan 2024

Tesla $TSLA dumped in after hours after reporting an earnings miss

Tesla shares drop 6% on weak auto revenue, warning of slower growth in 2024 Tesla reported revenue growth of 3% in the fourth quarter, trailing estimates. Auto revenue increased just 1% from a year earlier. Vehicle volume growth in 2024 “may be notably lower” than last year’s growth rate, the company warned. Source: barchart

25 Jan 2024

EV sales are projected to grow 21% this year to 16.7 million vehicles, with China commanding nearly 60% share in Bloomberg’s outlook

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2 Oct 2023

Tesla dominance in the US electric vehicle market

Source: Vital Knowledge Media

12 Sep 2023

There is always a bull market somewhere...

Tesla’s recent acquisition of German wireless #EV startup puts the company at the forefront of the wireless EV charging sector. The global wireless EV charging market, currently valued at $30M, is anticipated to grow at an 89% CAGR, reaching close to $10B by 2032. This growth is largely attributed to ongoing R&D and supportive government incentives (source: Beth Kindig). So what is global wireless EV charging about? For electricvehicles, traveling range and charging process are the two major issues affecting it’s adoption over conventional vehicles. With the introduction of Wire charging technology, no more waiting at charging stations for hours, now get your vehicle charged by just parking it on parking spot or by parking at your garage or even while driving you can charge your electric vehicle

16 Aug 2023

Vietnamese EV maker VinFast is now worth more than Ford and GM after Nasdaq debut - CNBC article

VinFast’s shares jumped some 270% after its U.S. trading debut, vaulting its total market value past some of the world’s largest automakers. On Tuesday, the Vietnamese #electricvehicle maker listed on Nasdaq following the completion of its merger with the U.S.-listed #SPAC (special purpose acquisition company) Black Spade Acquisition. Shares of VinFast closed at $37.06 on Tuesday — 270% higher than Black Spade Acquisition’s IPO price of $10. Following the market debut, VinFast is now currently worth $85 billion, according to CNBC calculations. The SPAC merger previously valued VinFast at approximately $23 billion, according to a June filing with U.S. securities regulator. Source: CNBC

17 Jul 2023

The EV industry comprises three essential components: lithium producers, parts manufacturers, and EV manufacturers.

Looking ahead, it is likely that electric motors and lithium batteries will become prevalent in all cars. Source: Genuine Impact

13 Jul 2023

Tesla holds the undisputed leadership position among #electriccar companies based on market capitalization

Tesla holds the undisputed leadership position among electric car companies based on market capitalization. However, this year, BYD has surpassed Tesla to become the world's top-selling EV brand. Source: Genuine Impact

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