Aviar R67 Is Russia’s Tesla-Based Ford Mustang With 840 HP – autoevolution

Blending features and styling from two very American icons, the Ford Mustang and Tesla, Aviar R67 aims to be the worlds first electrified muscle car. It uses the platform from Tesla Model S and design language from the unmistakable 60s Ford Mustang, to create a powerful machine that is as impressive in looks as it is in performance. On paper, for the time being.

I like the 60s, Aleksey Rachev, founder of Aviar Motors, says. By charisma and style, they have no equal. Their powerful and aggressive silhouette is really recognizable, and the appearance on the road always attracts admiring glances. [] We tried to catch the spirit of the legendary cars of the 60s and rethink it in a modern way.

This means taking the unmistakable design of the Mustangs of that time and packing it with tech from Tesla, to create the ultimate dream machine for todays generation. While there is little chance to mistake the exterior for anything else but a Stang, despite the Aviar logo on the grille, Tesla elements have seeped in on the inside most notably the large, central infotainment screen.

Its a tasteful blend of the two, at least from the available renders. But R67 promises to be even more impressive as regards performance.

With 840 electrified hp from two electric motors, R67 boasts a top speed of 250 kph (155 mp) and 0 to 100 kph acceleration (0 to 62 mph) in just 2.2 seconds. The 100 kWh battery is good for 507 km (315 miles) on a single charge, Aviar Motors says. R67 will be compatible with Tesla Superchargers.

I will not say we have made the best car in the world, but still as a tool for making a special mood, there is none even likely to it. None at all, Rachev says without false modesty.

Aviar Motors is currently working on a prototype of the R67, so there are concrete plans to bring it to market. As for the price tag it might come with, no word yet. But you can imagine it wont come cheap.

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Aviar R67 Is Russia's Tesla-Based Ford Mustang With 840 HP - autoevolution

Tesla touchscreen wiper controls akin to texting and driving: German court – Business Insider – Business Insider

A 2017 wreck is still causing headaches for Tesla.

A German judge ruled earlier this year that the touchscreen controls for Tesla's windshield wipers usually automatic, but manual speed controls can be used constitute an illegal mobile device, according to the BBC.

Newfound interest in the case spiked because of a local legal blog's recent reporting on the accident, which was spotted by US media this week. The judgment from March sets a precedent for further Tesla cases and backs up the driver's original punishment, a fine and license suspension, which is the same as using a phone while driving.

Jalopnik's Jason Torchinsky puts it a little more bluntly: "You should not have to look at a damn center-mounted touchscreen button to change your wiper speed."

German courts have had it out for Tesla this year.

In July, a judge sided with a German trade organization when it ruled that Tesla's Autopilot ads were misleading about the driver-assistance software's capabilities.

The software has been blamed in a handful of wrecks where inattentive drivers lost control of their vehicles. Tesla maintains the quick reactions and automatic braking improves traffic safety.

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Tesla touchscreen wiper controls akin to texting and driving: German court - Business Insider - Business Insider

Tesla Battery Supplier LG Chem Expects Revenue To More Than Double At $25.3B In 5 Years – Yahoo Finance

LG Chem Ltd (OTC: LGCLF) expects its business to double in size by 2025, driven by ever-increasing penetration of the electric vehicle industry, CEO Hak Cheol Shin said in an interview with Bloomberg Thursday.

What Happened

The South Korean companys revenue is expected to reach $11 billion this year,and could shoot up to $25.3 billion by 2025, according to Shin.

The global electric vehicle industry itself is growing fast, but the penetration rate is about 3% now, the CEO said. The rate will be about 10% in 2025.

Shin added that the company is in a position to deliver all orders from customers despite the COVID-19 pandemic.

Why It Matters

LG Chem emerged as the largest battery supplier in the first half of 2020 with its sales growth soaring 83% to 10.5 gigawatt-hours, according to SNE Research.

The battery firm benefitted from the growing popularity of Tesla Inc.'s(NASDAQ: TSLA) Model 3 vehicles in China as well as firm European demand for EVs.

European governments are using virus recovery funds to boost EV sales,which is helping the Korean firm, along with increase in sales of new models from the continent's automakers like Volkswagen AG (OTC: VLKAF), SNE Research noted, as per Bloomberg.

Yuanta Securities Korea Co. analyst Hwang Kyu-Won pointed out that that the scale of orders from Tesla will be an important factor for LG Chem's growth going forward, but that the battery maker has "diversified customers" and can benefit from growth of other EV companies as well.

LG Chem is helping Tesla grow its battery production capacity in South Korea.

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Is Tesla’s Obsession With Manufacturing Really Starting To Pay Off? – InsideEVs

This article comes to us courtesy ofEVANNEX, which makes and sells aftermarket Tesla accessories. The opinions expressed therein are not necessarily our own at InsideEVs, nor have we been paid byEVANNEXto publish these articles. We find the company's perspective as an aftermarket supplier of Tesla accessories interesting and are willing to share its content free of charge. Enjoy!

Posted onEVANNEX on August 07, 2020byCharles Morris

The most critical part is manufacturing the carswhat Tesla calls the machine that makes the machine. As they teach us in Business 101, the secret of Henry Fords success wasnt so much the Model T itself as the assembly line he developed to build the Model T.

For Big Auto, manufacturing is something theyve been doing for a century or so, and its not something they talk about much. True, concepts such asthe Toyota Way andkaisenare taught in advanced biz classes, but theyre nowadays considered pretty mature technologies.

When Eberhard and Tarpenning set out to build an electric vehicle back in 2003, they knew they could never duplicate the Toyota Way, and they didnt bother to trythey subbed out almost every component of the Roadster, and contracted with Lotus to do the manufacturing.

With Model S however, Tesla set out to do its own manufacturingand it wasnt easy. As Matthew DeBord notes in a recentBusiness Insiderarticle, the company has struggled through Production Hell, from the fit-and-finish issues with Model S to the flaky Falcon Wing doors on Model X to theoverzealous automationon the early Model 3 assembly line, which necessitated the infamous tent in the parking lot.

DeBord was one of many in the media whoinitially ridiculedthat tent (its actually a sprung aluminum structure, and its still in service). Now, however, he understands that it was an innovative solution to a pressing problem, and helped Tesla deliver around 250,000 vehicles in 2019. That hastily improvised solution was not the first in Teslas history, and it probably wont be the last. The companys startup mentality includes a willingness to try unorthodox ways of getting things done in order to get its products to market quickly. Thats one of the reasons its been able to leapfrog the legacy automakers, despite their vastly greater resources and expertise (it also generatessome cracking good stories).

YouTube:Jason Yang

Over the years, manufacturing has gradually moved to center stage at Tesla, so much so that Elon Musk recently described it as nothing less than an obsession. We bring a massive amount of effort into manufacturing engineering, the machine that makes the machine, he said on Teslas most recent earnings call. We love manufacturing...Its awesome. And I really think more smart people should be working on manufacturing.

The relentless focus is now starting to pay off in a big way. By all accounts, Teslas quality control has improved exponentially, and were seeing nowhere near the number of complaints about panel gaps and paint defects that we did a couple of years ago. When manufacturing engineering expert Sandy Munro tore down a Model Y, he foundhuge improvements in the build quality. The body build is 1,000% better, said Sandy, who famously made some scathing comments about Model 3s body construction. There are still issues, but theyre minor in comparison to what I have seen in the past.

The constant improvements to Teslas production process translate not only into better quality, but reduced costs. Munro has predicted that the upcoming Cybertrucks simple body design and lack of paint should make itvastly cheaper to buildthan a traditional truck.

As Teslas production gradually expands from its Fremont factory, which it inherited from Toyota, to purpose-built facilities where it can build production lines from the ground up, incorporating the latest and greatest production learnings, the quality and cost improvements are bound to accelerate. DeBord notes that this should enable Tesla to reduce the cost of its vehicles, while continuing to report consistent profits. That means more market share and a bigger lead over much larger automakers that, when it comes to the electric future, find themselves in serious catch-up mode, he writes.

DeBord estimates that each of the new Gigafactories could build 250,000 vehicles a year, bringing Teslas total production to over a million units per year. The alien dreadnoughts are multiplyingand theyre coming for the legacy automakers.

===

Written by:Charles Morris; Source:Business Insider

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Is Tesla's Obsession With Manufacturing Really Starting To Pay Off? - InsideEVs

This 840 HP Electric Mustang Is Built on the Tesla Model S Platform – Robb Report

As intriguing as the Ford Mustang Mach-E may be, it has a fatal flaw, if youre a Stang traditionalist: Its not a muscle car. Instead, the first fully electric version of the iconic nameplate is a crossover SUV. Fortunately, Aviar Motors has something in store who expect traditional looks to accompany their eco-friendly powertrains.

The Russian-based company is currently hard at work on the R67, a fully electric muscle car based on the classic Mustang fastback, according to Motor1. But the custom EVs retro-inspired design isnt the only reason for excitement, as the unofficial speedster will also be built atop Teslas industry-leading Model S platform.

The Aviar R67 prototypeAviar

Of course, the R67s exterior is the vehicles showstopper. Renderings show the cars brawny, carbon-fiber body to be primarily inspired by the 1967 Mustang fastback. Anyone with even a passing familiarity with the classic muscle car will notice the pleasing lines, the memorable silhouette and the iconic grille, though the galloping horse badge has been replaced by one that displays the Aviar logo. Inside the car, youll find a modern leather-covered interior with a distinct retro-futurist vibe. All in all, its a beautiful looking vehicle inside and out.

Whats under the EVs hood may be just as impressive. The Tesla platform gives the R67 all the electrical components, motors and gearbox youd find in the Model S. Though still in the prototype stage, Aviar claims on its website that the cars two motors, which get their power from a 100kWh battery, are capable of churning out a staggering 840 horses. All this power has been put too good use, too, as the company says the car can go from zero to 62 mph in just 2.2 seconds and reach a top speed of 155 mph. The R67d range is nothing to dismiss either, as Aviar claims it will go 315 miles on single charge. These numbers are almost almost certainly optimistic, but if the vehicle can even get close, it will be one mighty impressive EV.

The Aviar R67 prototypeAviar

No release date has been announced for the R67. And for those who cant wait, there are other electrified Mustang options out there. In addition to Fords officially sanctioned crossover, theres a 536 hp option from Charge Cars that is currently available for reservation. Still, if the thought of more than 800 horses has your tongue wagging, youll probably want to wait.

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Tesla Model Y Review: What’s The Verdict After Two Months Of Ownership? – InsideEVs

The Tesla Model Y came to market in March 2020 and has since received plenty of positive reviews. However, those positive reviews mostly point out all the strengths that have come to be expected from Tesla. It has lots of range, it's spacious, its performance is impressive, etc.

On the other hand, there are plenty of reports of quality concerns, which have also come to be expected of Tesla. Based on the above, some folks probably could have almost written the full Model Y review without ever having seen or driven the car. It's consistent with Tesla's products and it appears to be gaining in popularity, which makes sense due to its crossover designation.

Ben Sullinsand his wife Jennie have owned their Tesla Model Y for about two months now. While we've read and watched numerous reviews of the car some first drives, some after a specified period of ownership, some just based on specs and reports we were eager to get not only Ben's take but also his wife's.

This is because Sullins entered the EV space as a hardcore Tesla fan. However, he's transitioned his channel and coverage over the years. Now, he's more focused on family, seemingly more practical (this comes with having children), and less willing to just be a Tesla cheerleader in an attempt to "protect" the company from the naysayers. Sullins has been around long enough now to know that Tesla isn't perfect and that he may be able to help the automaker make improvements. Add in Jennie's very frugal perspective and you've got something that may work to appeal to many families.

Rather than rehashing here, we'll leave the details to Ben and Jennie. We can tell you they love the Model Y overall since it's basically the Tesla they already have (Model 3) but more practical and versatile. With that said, they are dealing with a few issues. The hatch isn't always closing and there have been connectivity problems. Check out the video for more information. Then, scroll down and leave us a comment.

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Tesla Model Y Review: What's The Verdict After Two Months Of Ownership? - InsideEVs

Teslas Chinese Rivals Are Riding an IPO Boom in the US Despite Political Tensions – Observer

Ever since Tesla sold its first Model S sedan there in 2013, China has been the electric carmakers fastest-growing overseas market and helped the company get through multiple external crises, including the coronavirus pandemic. But as Tesla continues to claim the lions share of Chinas booming EV market, its also facing a crop of homegrown competitors growing just as fastat least by the measure of market value.

Teslas most notable Chinese rival, Nio, for example, has seen an influx of investor interest lately, which pushed the unprofitable startups share price from a dangerous sub-$3 level at the end of 2019 to above $14 as of Wednesday, thanks to strong delivery numbers and a broad market excitement on EV companies triggered by Teslas wild stock jumpthis year so far.

SEE ALSO: Elon Musk Is Rethinking Tesla Cybertruck as Electric Pickup Race Accelerates

Nio went public on the New York Stock Exchange in September 2018. Its stock trajectory is not short of volatility and setbacks, but the recent rebound seems to have encouraged many of its Chinese peers to raise funds in the U.S.

Last week, Chinese EV startup Li Auto made its debut on NASDAQ. Its similarly aged Tesla challenger, Xpeng Motors, has also reportedly filed an IPO in the U.S., per CNBC. The company has decided on which exchange to list shares on.

Ahead of its market debut, CNBC reported that Xpeng has raised $400 million in fresh capital from a slew of powerful investors, including Chinese e-commerce giantAlibaba and the sovereign wealth funds of Qatar and Abu Dhabi.

These aggressive IPOs come at a highly unusual time of rising political and economic tensions between the U.S. and China. In fact, listing Chinese firms on American stock exchanges has been a concern for some investors ever since the 2018 trade war. Still, a record number of Chinese companies have chosen to file IPOs in the U.S. Last year, 28 Chinese companies, including threespecial-purpose acquisition companies, went public on NYSE or Nasdaq, according to Renaissance Capital, which sells IPO-focused exchange-traded funds. The previous year, 33 Chinese firms went public in the U.S., hitting the nine-year high since 2010.

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Teslas Chinese Rivals Are Riding an IPO Boom in the US Despite Political Tensions - Observer

Commentary: Tesla in Austin will benefit San Antonio – San Antonio Express-News

Tesla is coming to Texas.

As a proud San Antonian, I must overcome the urge to put several exclamation points at the end of that sentence. This is the exact opportunity for which our region has been preparing. City, county and private investments in a skilled workforce, supplier networks and international relations have quietly built an environment for the worlds makers to thrive.

Its likely that anyone living in San Antonio since 2003 knows this area is an automotive manufacturing hub. San Antonio has been making everything from taco seasoning to germ-zapping robots for generations. Because we are Military City, U.S.A., youll find standard-issue shoes, helmets, F-18s and military weaponry rolling off our production lines.

This history fuels my passion and has driven much of my career. Ive spent many years in economic development, most recently as Texas secretary of state working to build international relationships and grow economic opportunity for all Texans. Im also in the fortunate position to co-chair the San Antonio Economic Development Foundations International Advisory Council and serve on the organizations executive committee.

In my short time with the organization, weve further developed what was already a robust manufacturing cluster. Weve continued to grow our relationships and position the corridor from Austin, through San Antonio and down to Mexico as an attractive region for the many companies considering reshoring operations to North America.

Of course, our geography gives us an advantage, as does our infrastructure, but our supplier networks and relationships with Canada and Mexico will prove most valuable to future development.

The diversity of goods produced the fact that we manufacture on such a broad spectrum and innovate in the automotive and aerospace sectors speaks to our ability to grow a sector that has been shrinking across the country.

Through the efforts of the SAEDF, SA Works and their partners, were able to better understand what companies need, and ensure our training and education providers teach our labor force the advanced skills to have fulfilling careers producing American-made goods.

Back to Tesla. Some have expressed disappointment with Elon Musks decision to locate in Austin instead of San Antonio. To which I reply: We are always stronger together as a region.

Tesla is building its gigafactory in Austin, which is well within the corridor. This benefits the region. Our regional workforce and supplier network are very attractive. This is an opportunity to think strategically and operate as a mega-region by leveraging the tremendous assets of one of the fastest-growing economies in the country.

We look forward to working with leaders in Travis County to help replicate Bexar Countys success with Toyota as they seek to build a strong manufacturing ecosystem around Tesla. I see nothing but potential to make Central Texas a highly competitive and powerful automotive innovation cluster.

SAEDF is ready for the opportunity, and we need everyone to lean in with us. Even during a pandemic, our leading economic development entity has a healthy pipeline of companies looking to expand or locate in San Antonio. Forty percent of the active projects are in manufacturing, and one-third of those projects are international a direct result of companies such as Toyota, Aisin AW and Navistar investing in our region and people.

Welcome, Tesla. Welcome to the Lone Star State. Come and Make It.

Rolando Pablos is co-chair the San Antonio Economic Development Foundations International Advisory Council.

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Confused Labrador wags his tail as Tesla-driving owner abandons it in park and races off – Metro.co.uk

A confused Labrador thought he was going for walkies only for his cruel Tesla driving owner to dump him in a park and drive off (Pictures: Clark County Sheriffs Office)

Distressing surveillance camera footage captured the moment a confused Labrador wagged his tail as its Tesla-driving owner dumped it in a park. The dog was abandoned at Vancouver Park just north of Portland, Oregon earlier this month.

Footage obtained by KOIN showed the pets female owner pull into a parking spot in her gray Tesla Model 3 which retails for a minimum $37,500. She gets out of the luxury electric car and opens the back door to let her dog out.

The animal wags his tail and looks at his owner in anticipation a walk around the beauty spot.

She then tricks the dog into thinking they are doing just that and walks him towards a wooded area, then dashes back to the car before the dog can follow her, and drives off without it.

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Thankfully, the dog was rescued and is now being cared for by I Pawd It Forward animal shelter in Portland.

The animal will be put up for adoption once shelter staff have confirmed it had not been stolen from anyone else who was looking for it.

Clark County Sheriffs Office is investigating the act of abandonment, and have appealed for anyone who recognizes the dog dumper to contact them.

Get in touch with our news team by emailing us atwebnews@metro.co.uk

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Confused Labrador wags his tail as Tesla-driving owner abandons it in park and races off - Metro.co.uk

How will Tesla rivals top this EV innovation? – Automotive News

Tesla remains a small automaker compared with global competitors such as Ford, GM, Volkswagen, Nissan and Hyundai Group. Still, new EV offerings from more established brands are often referred to as "Tesla fighters," a nod to Tesla's sales success. The Audi E-tron, BMW i3, Jaguar I-Pace, Kia Niro and Nissan Leaf are all out for their own share of the growing EV market.

In making a competitive comparison between the Model Y and other EVs, Munro scored Tesla above average on such issues as battery kilowatt-hour rating, battery depletion percentage, range and voltage. However, on sticker price, he put the Model Y's nearly $50,000 base price in about the middle of the pack.

Ford's Mustang Mach-E, looming this year, will bring a new challenge. And in July, Nissan unveiled its own Tesla fighter, the Ariya crossover.

Munro said he had not had the chance to study the Mach-E, but he thought it would be hard to top Tesla for a while.

"It's going to be a long, long time," Munro said, "before somebody catches up to it."

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How will Tesla rivals top this EV innovation? - Automotive News

The Tesla Of Banking Start-Up Cred.ai Unveils Its AI-Powered Credit Card – Forbes

The Unicorn card, issued by Wilmington Savings Fund Society (WSFS) and licensed by Visa, runs on a ... [+] proprietary platform that can ultimately be leased.

How many bonus features does it take to convince a Millennial to use a credit card?Try no fees, no interest, credit optimization, self-destructing account numbers, spending on future paychecks, customizable settings, a solid metal card, and the promise of more features updated continuously.

Because approximately two thirds of Millennials dont own a credit card, and the banking industry is notoriously difficult to innovate in, CEO Ry Brown and Cofounder David Adelman placed a risky bet when they founded cred.ai.And yet three years later the team of hackers, artists, scientists, and recovering bankers has come up with the product, announced this afternoon.

The Unicorn card, issued by Wilmington Savings Fund Society (WSFS) and licensed by Visa, runs on a proprietary platform that can ultimately be leased.Ry Brown described it as a banking infrastructure, as cred.ai has satisfied the compliance standards of a bank.The team, which included several attorneys, an astrophysicist, twenty engineers, journalists, and a 3D animator, worked together to understand the ins and outs of banking.The only way to create the card, Brown tells me, was to essentially build a bank from scratch, which is why fellow co-founder and lead investor David Adelman has likened the company to Tesla.

We approached an antiquated and rigid sector as if limitations didn't exist, with the conviction that we could use hard work and creativity to rebuild it into something fundamentally better, says Adelman. Of the forty different ventures [Ive invested in during my career] this is my most exciting one yet.

With the exception of the 2019 Apple Card, there has been very little innovation in the credit card industry.Cred.ai founders looked instead to financial technology companies such as Plaid, PayPal, and Venmo for inspiration.The reason every bank and fintech card offers such sparse, identical features is because they are basically white-labeling the same stock platforms with a different logo, says chief banking officer Lauren Dussault.

The card comes with capabilities that are complete game-changers to the banking industry.Stealth mode allows the card user to create a shadow account, with a completely different set of identification numbers, that can be used for transactions that could potentially be risky, and then deleted.Friend or Foe allows one to trust or restrict transactions on an individual merchant level.Check Please allows one to authorize a transaction in advance and thus avoid a potential card decline.There are no fees, no interest, and no payments.In fact, the card doesnt cost anything to users.

When it comes to helping cardholders build credit, the infrastructure is designed around credit optimization.The algorithms are secret, but Ry Brown tells me the focus is on maximizing credit utilization for card-users.The whole process is automated, ensuring that users wont have to worry about managing their spending to optimize credit, because the cred.ais back-end will do it for them.The interface is designed to generate financial insight and control for a younger generation, says Brown.

The cards activity can ultimately be translated to a FICO credit score.I asked Ry Brown about the racist history of lending and credit score generation, to which he replied that credit has indeed been a tool for suppression, and this product is trying to change the ecosystem.In the words of President and Cofounder Dylan Brown, our mission [is] to build a premium product for all people.

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The Tesla Of Banking Start-Up Cred.ai Unveils Its AI-Powered Credit Card - Forbes

Tesla makes tiny change to Model Y that will save owners some headaches – Electrek

Tesla has made a tiny change to Model Y that will save owners some headaches by helping people get out of the car the right way.

On Model 3 and Model Y, Tesla didnt install regular door handles with latches inside the vehicles.

Instead, Tesla installed an electronic button to release the door and manual releases on the front doors.

But the latter are only intended to be used in the unlikely event that the vehicle loses power.

Tesla writes in the owners manual:

Manual door releases are designed to be used only in situations when Model 3 has no power. Whenever Model 3 has power, use the button located at the top of the interior door handle

The problem is that some people more naturally go for the manual release (right) instead of the electronic release (left):

It meant that Tesla owners often had to explain passengers how to properly get out of their vehicle.

The issue is that Teslas vehicles have a frameless door design meaning that the window has to come down a little bit before opening the door. The electronic release doesnt allow you to open the door until thats completed, which only takes a second.

But with the manual release, someone could right away push the door open, which could cause an issue.

Thats why in our post on the Top 15 Tesla accessories you must have, we have been recommending a sticker to put on the electronic release button that indicates its use better than a simple line.

Now it looks like Tesla has caught up to this issue.

Christian Bibay recently took delivery of a new Model Y and spotted a new clearer sign on the button. He posted a picture to a Model 3 Facebook group (hat tip to JZ):

The new design appears to be inspired by another aftermarket sticker that Tesla owners have been buying.

The feature is in new Model Y vehicles currently being delivered.

Its currently unclear if the change has also made it to new Model 3 vehicles coming off the line, but one would assume that it would be coming soon if it isnt already done.

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Tesla Is Limiting Supercharging To 120 kW In Europe, But Why? – InsideEVs

Tesla is proud to offer superchargers all over the US and also in Europe. In Portugal, it is the only electric car manufacturer widely accepted because it provides a fast-charging network that the country currently lacks. Yet, Tesla owners are complaining that they can't get more than 120 kW in most countries. They have asked Tesla for explanations and got none so far.

The reports of this speed limit come from Spain, UK, Portugal, Sweden, and most other countries in which the cars are sold. According to Tesla club members, some of them occasionally manage to pass that limit, while most are stuck with the 120 kW. Some are even more precise in the description: they say the cars can only achieve 117 kW, even when there is no other car charging.

According to club communication we had access to, people were concerned that Tesla could have nerfed the cars. Tests in other charging stations, such as Ionity's, showed the issue was really with superchargers.

These owners have tried to contact Tesla to understand the issue and got no official explanation for that until now. One fair demand they have is that Tesla could warn owners approaching any given supercharging station about any restrictions.

With the issue, some club members have developed theories for what is happening. Some believe Tesla decided to prevent superchargers from achieving the up to 150 kW of capacity due to the hot weather Europe is facing in many countries this year. Anyway, if that were really the case, any temperature spike in the past would have caused the same decrease in charging speed.

Considering slower charging sessions also cost more, another possibility is that the restriction has financial goals. The only party able to explain anything is Tesla. We'd ask it if the company replied to the press, but it doesn't. Will it at least tell owners and club members the reasons for the restrictions?

Have you felt your Tesla had its charging speed capped recently? If you have, please let us know more about it at contact@insideevs.com or through our Facebook page. It does not matter where you are: just let us know if you feel your supercharging network is also affected.

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Tesla Is Limiting Supercharging To 120 kW In Europe, But Why? - InsideEVs

GM Is Looking Pretty Jealously At Tesla And Nikola – Jalopnik

Photo: Getty Images (Getty Images)

In recent months, Teslas soaring stock price has seemingly boosted startup Nikola, which was once valued as high as $26 billion despite having no revenue. According to a new report, GM might want to try and get in on that investor hype.

That is in part because investors apparently dont believe legacy car companies like GM can pull off an electric car. Even though GM already has, and is working on more, that hasnt done much for its stock price, which is what GMs CEO Mary Barra and its board cares about. GM thinks its doingand has donequite a bit in the electric space and getting no love on Wall Street in return.

And so now, Bloomberg reports, GM has been deliberating over whether or not to spin off its electric-vehicle operations. That new company would have a different name, none of the baggage of GMs 111-year history, and, in theory, would also inspire more investment. In theory.

GM now is war-gaming the idea as the company ponders different ways to get credit for its EV plans, though a spinoff isnt actively being prepared, said the people, who asked not to be identified discussing internal deliberations.

[...]

The view within GM is that the startups attracting billions of dollars of investment have a fraction of the capabilities Barra touted back in February and March.

This would maybe look much like what Tesla did and what Nikola is trying to do, which is to take the new company public and fund research and development through new investment from Wall Street. Thats a strategy that Lordstown Motors and Fisker are also pursuing. And clearly also a flavor-of-the-month kind of thing, but you get the feeling that Tesla is a bit of unicorn in this regard. It somehow pulled it off after years of walking on a tightrope, something that maybe looks easier than it was now that there is so much money getting thrown around.

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GM Is Looking Pretty Jealously At Tesla And Nikola - Jalopnik

Confused golden retriever wags its tail as Tesla-driving owner abandons it in park and races off – Metro.co.uk

A confused golden retriever thought he was going for walkies only for his cruel Tesla driving owner to dump him in a park and drive off (Pictures: Clark County Sheriffs Office)

Distressing surveillance camera footage captured the moment a confused golden retriever wagged its tail as its Tesla-driving owner dumped it in a park. The dog was abandoned at Vancouver Park just north of Portland, Oregon earlier this month.

Footage obtained by KOIN showed the pets female owner pull into a parking spot in her gray Tesla Model 3 which retails for a minimum $37,500. She gets out of the luxury electric car and opens the back door to let her dog out.

The animal wags its tail and looks at its owner in anticipation a walk around the beauty spot.

She then tricks the dog into thinking they are doing just that and walks it towards a wooded area, then dashes back to the car before the dog can follow her, and drives off without it.

To view this video please enable JavaScript, and consider upgrading to a webbrowser thatsupports HTML5video

Thankfully, the dog was rescued and is now being cared for by I Pawd It Forward animal shelter in Portland. The animal will be put up for adoption once shelter staff have confirmed it had not been stolen from anyone else who was looking for it.

Clark County Sheriffs Office is investigating the act of abandonment, and have appealed for anyone who recognizes the dog dumper to contact them.

Get in touch with our news team by emailing us atwebnews@metro.co.uk

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Confused golden retriever wags its tail as Tesla-driving owner abandons it in park and races off - Metro.co.uk

Three Modified Tesla Model 3 Race Cars Will Attack Pikes Peak This Year – The Drive

In obliterating the Pikes Peak course record with its electric ID.R prototype, Volkswagen showed the racing world that electric cars are a threat to be taken seriously. Their instant torque and linear throttle response are the stuff of racing drivers' fantasies, and their insensitivity to altitude makes them particularly potent at hill climbs, like the high-altitude Pikes Peak. So while Acura hopes its trio of entriesled by the new TLX Type Swill seize victory at this year's Pikes Peak International Hill Climb, it'll face stiff competition from an equal number of modified Tesla Model 3s, wheeled by an esteemed cast of drivers.

The least experienced of their number is Pikes Peak rookie Josh Allen, a software whiz in the orbit of Formula 1. Allen is known best for slinging an extensively modified Model 3 around race tracks across California, occasionally snagging electric vehicle lap records as he goes.

He will be backed up by Blake Fuller, a two-time PPIHC class winner who became the first person to race a Tesla up the treacherous mountain in 2016. This year's goal is to trounce the record for an electric production car, which stands at just 11:48.264.

Baddest of the bunch is veteran racer-turned-automotive writer Randy Pobst, atwo-time 24 Hours of Daytona class winner with many PPIHCs under his belt. He will trade last year's ride, a Dodge Challenger SRT Hellcat, for a Model 3 modified similarly to Allen's, with a full catalog of Unplugged Performance parts. He will remain in the Exhibition class, which he hopes to win this year after placing a tantalizing second at 2019's event.

As the PPIHC's organizers have banned motorcycles following the fatal crash of Carlin Dunne during last year's race, this year's event should unfold without risk of repeating such a tragedy. Still, a dark cloud will hang over the race in the form of COVID-19, as the event will be run sans spectators for the first time in history to slow the deadly virus' spread. Come Aug. 30, the ghost race will receive live online coverage through the Facebook page of event sponsor Mobil 1it'll be a perfect after-party to the day's F1 race.

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Three Modified Tesla Model 3 Race Cars Will Attack Pikes Peak This Year - The Drive

Europe Is Building the Next Tesla. Who Knew? – Yahoo Finance

(Bloomberg Opinion) -- When Nikola Corp. started trading on Nasdaq in June, the Phoenix-based clean transportation company raced quickly to a valuation of almost $30 billion.

Its market worth has since fallen to a more reasonable $10.5billion, but thats still pretty spicy for a business yet to generate any revenue. Its most promising products are its heavy trucks, powered by electric batteries or hydrogen fuel cells.

The rise of Nikola (whose name, cheekily, is another evocation of electrical engineer Nikola Tesla) will have reinforced a view among European auto industry executives that the U.S. stock market operates by different rules. While Tesla Inc. is only modestly profitable, its valued at about $275billion, more than Europes five largest carmakers combined.

At least Europe has a stake in the latest heavily hyped project.Founded by Trevor Milton, a 38-year-old American college dropout, Nikola is relying heavily on expertise from the old continent. Robert Bosch Gmbh, a German automotive supplier, has helped develop the U.S. companys electric powertrain, and the first Nikola trucks will be built in a German factory belonging to Italys Iveco, a truck maker backed by the billionaire Agnelli family. Bosch and Iveco each own more than 6% of Nikola.CNH Industrial NV, Ivecos parent, just recorded a $1.5 billion fair value gain on that investment.(1)

The biggest question is whether a start-up dependent on so much external help should have a whizzy valuation like Tesla, which builds much of its technology itself.And if Europe has this expertise, why hasnt it produced its own rival to Elon Musks carmaker?

Maybe its a lack of chutzpah. Nikolas name isnt the only reason its often compared with Tesla. Miltons hyperactive Twitter presence makes Musk look tame by comparison. Both mens ambitions extend beyond selling zero-emission vehicles to producing and storing clean energy. While Nikola is focused on heavy-duty trucks, it has touted a variety of consumer products including a pickup called the Badger. These are catnip for retail investors, as the excitement over Musks Cybertruck demonstrates.

While Tesla and Nikola are both working on electric heavy trucks, they differ in at least two important respects. The first is hydrogen: Musk is dismissive, while Milton thinks hydrogen is the perfect fuel for long truck journeys. The second is their attitude towardbuilding stuff in-house.

True, in its early days Tesla worked withLotus to help make the Roadster, and Daimler AG helpeddevelop the Model S saloon. Teslapartners with Panasonic to produce battery cells. But Musk is famous for trying to build his own technology, from electric powertrains and automated-driving software to car seats.

Nikola developed its own software,infotainment andbattery management-system, as well as vehicle aerodynamics, according to Cowen analyst Jeffrey Osborne. It has outsourced or used hired help to do much of the other stuff.More than 200 Bosch employees were involved in building important parts of Nikolas trucks, including the electric motor for the axle, the vehicle-control unit, the battery and the hydrogen fuel cell. The result isa mix of intellectual property owned either separately orjointly by Nikola and its suppliers.

Theres no doubt, however, who has the deeper expertise.So far Nikola has been awarded 11 U.S. patents, about 1% of the totalBosch is awarded in a typical year. Bosch gets paid to help us get to industry standards on products, Milton told me.

Getting partners to providethe technological building blockshas some advantages. Nikola has only 300 employees and yet its first trucks should start rolling off theproduction line soon. Working with partners cuts the risk of the manufacturing delays and quality problems that plagued Tesla.

Its an efficient use of capital too. Nikolas research and development expenses were just $68million last year. Tesla spent$1.3 billion. After going public, Nikola has about $900 million of cash,although that wont go far in the automotive business. Forthe North Americanmarket, Nikola plans to handle its own manufacturing, with technical assistance from Iveco. Nikola broke ground this week on a$600 million factory in Arizona.

Story continues

Whether or not you believe the extensive involvement of outside partners shouldhave a bearing on its lofty valuation, there are other things that could upset Nikolas plans.

Building a refueling network is a central part of its business model, but this wont come cheap at $17 million for each hydrogen station. The company is also entering a competitive field populated by more experienced and better capitalized rivals. Daimlers Mercedes-Benz failed to follow through on its early experiments with electric cars and let Tesla roar past. It probably wont make the same mistake withtrucks.

Daimler is the worlds largest truck maker and it plans to start production of its electric eActros and eCascadia models next year. The German giant has alsoformed a joint venture with Swedens Volvo AB to develop hydrogen fuel cell systems for heavy vehicles. That venture is valued by the companies at just 1.2 billion euros ($1.4 billion), putting the Nikola valuation into perspective.

Even if its share price looks overblown, Nikolas improbable rise shows theres investor demand for clean transportation companies that dont still have one foot planted in the combustion-engine past. European manufacturers have the technicalchopsbut they must find better ways to capitalize on investor excitement through new business models or spinoffs. Otherwise someone else will.

(1) This was measured on June 30 when Nikola's stock was much higher

This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.

Chris Bryant is a Bloomberg Opinion columnist covering industrial companies. He previously worked for the Financial Times.

For more articles like this, please visit us at bloomberg.com/opinion

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Why cultivated meat is about to have its Tesla Roadster moment – Massive Science

Almost everything we consider a great invention is, in fact, a series of great inventions. Take the electric car, which was dreamed up long before the gasoline engine, and had numerous rebirths and deaths throughout the 20th century, with a whos who of great companies and inventors trying their hand at new prototypes. Unfortunately, its battery life remained too short and its top speed too slow to compete with the gas-guzzling competition. That is, until California engineer J.B. Straubel invented a new lithium-ion battery that solved both problems. His fateful meeting with Elon Musk in 2003 led to the creation of the Tesla Roadster the beginning of the end for gasoline cars.

Cultivated meat the industry I work in as a scientist has followed a similar trajectory. In a 1931 essay, Winston Churchill already imagined growing meat in a lab without harming animals. This dream has also recently become a reality, driven by constant innovation and growing concerns about the carbon footprint of factory farms. Over the past ten years, I have witnessed it grow from a niche preoccupation into a global effort. But like the old electric car, cultivated meat has since been working through its prototype phase. Whats holding it back? The stem cells that are the driving force behind it run out of steam too quickly for efficient harvesting. The process of combining the necessary fat and muscle cells has proven too unwieldy. The resulting price tag is still too high. These hurdles often dubbed our scalability problem have prevented cultivated meat from making the transition from the lab to the market. Until now.

Today, seven years after Mark Post debuted the first lab-grown hamburger to the world, my company Meatable is unveiling a new invention that could give cultivated meat that final push from prototype to widely available product. Our new patented cell-programming technology, opti-ox, has already shown exceptional promise in overcoming our industrys scalability problems. We are betting that this transition will eventually be looked back on as cultivated meats roadster moment the crucial step that helps our industry get over the hump and into supermarkets, in pursuit of a more ecological world.

But how does our technology work? And what needs to happen next for it to fulfill its revolutionary potential? In what follows, I hope to offer some exclusive insights into this breakthrough and how we got there.

Seven years ago, I was working on the research end of Mark Posts pioneer hamburger project, and I remember feeling immensely proud. News cameras started flocking to our lab in the cardiovascular department of Maastricht University. Perhaps now my mother would stop asking me when I planned to get a real job. Marks famous patty showed the world that cultivated meat was a real and transformative possibility. To those of us working on the back end, the project also illustrated how far we still had to go for its prophecy to be fulfilled. Hundreds of thousands of dollars and tens of millions of cells (and the gargantuan lab space required for processing them) had gone into creating that burger. This was an early introduction to cultivated meats famous scalability problem.

10 layers of culture flasks used in the production of the first cultivated hamburger.

Photo by Daan Luining

In the following years, I was excited to work with start-ups around the world who devoted themselves to scaling up production while bringing down the price. The hope was huge. The success of our collective project could save countless animal lives and offer an ecological alternative to an industry with a deleterious carbon footprint. What needed to be done? I immersed myself in these questions while working as Research Director for Cellular Agriculture non-profit New Harvest, getting an overview of all the great work happening in cultivated meat and a crash course in what was holding us back.

The limitations were innate. Cultivated meat is made of cells, lots of them, ideally a combination of fat and muscle cells. Unfortunately for us, these mammalian cells are innately limited by something called senescence. Anatomist Leonard Hayflick discovered it in 1961: mammalian cells can only divide between forty to sixty times before they cannot divide any more. This limitation meant that cultivated meat makers had to keep harvesting and introducing new animal cells a highly inefficient process.

We have long known of a possible way of overcoming this hurdle: using pluripotent cells. Discovered by Nobel Prize winner Shinya Yamanaka in 2006, these cells are special because they are able to divide endlessly, never running out of steam. The question was: how could we turn them into the specific cells we needed, muscle and fat? This requires shepherding the development of a cell all the way to adulthood. The available methods to do this have been time- and space-consuming. Until now.

In the years after Mark Posts famous hamburger, another Mark was (unwittingly) doing research that would prove crucial to the advancement of cultivated meat. Mark Kotter, a neurosurgeon and principal investigator at Cambridges STEM Cell Institute, spent years trying to reprogram pluripotent cells for neurological application.

Starting in 2014, Kotter discovered a way to build specific transcription factors into the pluripotent cells DNA. Every cell in the population turned into exactly what he wanted. He couldnt believe his eyes. He had his graduate students re-run the experiment over and over. Every time, 100% of the pluripotent cells were converted to oligodendrocytes. He had created pure culture of cells from stem cells, which was unheard of thus far.

This turned out to have unintended applications, when I was introduced to Mark in 2016 through a New Harvest fellow. Mark had never heard of cultivated meat, but it took me maybe five minutes to convince him that it was exactly what the world needed. I realized just as quickly that opti-ox could be a game-changer for our industry. In 2018, we co-founded Meatable with our CEO Krijn de Nood, and started applying Marks technology to reprogramming pig cells. Soon, all our hard work started to pay off.

In several experiments earlier this year, we have finally proved that we can grow pork using opti-ox technology on a porcine pluripotent cell. For the first time in history, we have successfully differentiated pluripotent cells into fat and muscle with unprecedented speed and efficiency.

Pluripotent pork cells differentiated into fat (red) and muscle (green) in 7 days.

This process will allow us to grow fat and muscle together. An answer to an elusive problem: adult muscle and fat stem cells require vastly different nearly opposite environments to thrive. With pluripotent stem cells, muscle and fat cultures start from the same type of cell, so they can be grown side-by-side. No mixing required afterwards. The two ingredients can be grown together as they naturally do in animal meat. This, too, is a game changer. It will allow us to create a controlled large-scale process on both ends.

We believe that our opti-ox technology will be the battery pack that helps propel cultivated meat into the mainstream. Combining two breakthrough technologies that use cellular reprogramming in a way that has never been done before, the next test will be our first prototype sausage, followed by a pork chop. We then intend to continue our experiments with beef.

This technology will help us produce meat that's faster to market, higher quality, and more cost effective. More importantly, it will bring us one step closer to our greater goal: separating meat consumption from the death and carbon of factory farms, just as electric cars allowed us to drive without polluting the environment.

This reality may still be 5 years off, but in science that is little more than a blink of an eye. In the long-term, our success depends not only on scaling technological boundaries, but on challenging social perceptions, and having the courage to rethink one of humanitys oldest habits. The possibilities are humbling.

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Whats Ahead for Tesla, Nikola, and Other Electric-Vehicle Stocks – Barron’s

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Electric-vehicle stocks are Wall Streets Wild West. EV stocks tracked by Barrons are up more than 160% year to date, led by Teslas 250% rise. Li Auto a maker of electric SUVs with onboard generatorsrose 43% in its market debut Thursday.

There is no lack of volatility in the sector. Shares in battery- and fuel-cell powered truck maker Nikola (ticker: NKLA), for instance, moved double-digit percentage points seven separate days in July, and shares dropped 56% in the month. Still, the stock is up more than 190% year to date.

All of this action is leaving Wall Street a little befuddled.

Most EV stocks now trade above analyst price targets. And those are the EV stocks followed by Wall Street analysts. Four EV companies worth more than $15 billionincluding Li Auto (LI)dont even have analyst coverage yet.

Instead of raising or lowering stock prices and stock targets rapidlysomething analysts are loath to dothey are writing worst-, base-, and best-case scenarios for EV stocks and leaving it up to investors to figure out what to do next.

Analysts, in other words, are sitting on the fence. Still, such scenario planning is a good idea for investors, especially traders. It can help them plan what to do no matter what happens, which is especially important in a sector like electric vehicles.

Nikola investors are in the midst of worst-case planning. Shares plunged after rising 135% in June. It now trades at $30. How bad can it get?

July-like declines for Nikola shares, which were catalyzed by warrant vesting, probably arent in the cards for a few months. Warrants give holders the right to buy stock at a discountfor $11.50 a share, in this caseand 24 million Nikola warrants became exercisable recently. Most of the warrant-related selling pressure is over now. Despite recent declines, Nikola stock is worth about $11 billion.

RBC analyst Joseph Spaks worst-case scenario is $20 a share. Officially, he rates the stock the equivalent of Hold and has a $46 price target. Getting to $20 means Nikola didnt hit his truck market share estimate he models in 2028.

But 2028 is a long way off. It illustrates a problem investors have with all EV startups. Nikolas ultimate success or failure will be determined far in the future. That makes EV stocks, in the short run, very sensitive to changes in investor sentiment.

Nikolas 56% correction was severe. It stalled out at around the stocks 100-day moving average. The next stop on the worst-case train might be around $21 a share. Thats the stocks 200-day moving average. Its very close to Spaks fundamental case.

Nikola reports earnings on Aug. 4. Thats the next catalyst for shares, up or down.

U.S.-listed EV stocks we track, excluding Tesla (TSLA), are worth some $30 billion, more than Ford Motor (F). Include Tesla, and the number jumps to more than $300 billion.

Tesla, the sector behemoth, is valued at roughly $750,000 per vehicle delivered, or about 10 times as much as General Motors (GM) on the same metric. Whats being discounted in Tesla stock, as well as shares of smaller EV makers, is higher and higher EV penetration of the light-vehicle market for years. Tesla stock trades at $1,430.76.

New Street Research analyst Pierre Ferragu has a $1,500 price target on Tesla and a Hold rating. Its a good place to review the stocks base case. He believes Tesla can sell two to three million cars by 2025, making it roughly the size of BMW (BMW.Germany), with better-than-industry growth extending past that year. Thats a good benchmark for what fundamental assumptions are reflected in the share price today.

But 2025, like 2029 in the case of Nikola, is far off. What drives Tesla higher next is better 2021 earnings. Tesla 2021 earnings estimates have gone from roughly $9 a share to $16 a share over the past year. At this point, with shares trading for 100 times estimated 2021 earnings, Tesla needs to keep beating Street estimates to maintain stock price momentum.

Wall Streets best-case scenarios for Tesla stock discount a number of different things. Some see Tesla selling more than 10 million cars in the future. Others see Tesla selling full self-driving software and making EV powertrains for other auto makers. Still others see value in Teslas battery storage and solar business.

Over the short term, the best-case scenario for Tesla stock is a surge in buying after its inclusion in the S&P 500something the stock qualified for after its recent quarterly profit.

Inclusion would lead to new buying by index funds, and more buying than selling drives up stocks. The question is: How much higher can it go? Tesla stock would be overboughtin Wall Street parlanceat around $1,700. Thats very rough math, but its a level where traders might decide to take profits.

An easier bull case is the one for electric commercial van maker Workhorse Group (WKHS). Its bidding to replace 160,000 U.S. Postal Service vehicles. If it wins, sharesnow at $15.52will top $20 and perhaps approach the top Street target price of $27 set by Roth Capitals Craig Irwin.

Losing the bid would hurt. Whatever happens, Workhorse stock, up more than 400% year to date, will stay volatile. So will shares of its EV peers.

Write to Al Root at allen.root@dowjones.com

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Whats Ahead for Tesla, Nikola, and Other Electric-Vehicle Stocks - Barron's

Tesla Vs The Short Sellers: The Battle Is Never Over – InsideEVs

This article comes to us courtesy ofEVANNEX, which makes and sells aftermarket Tesla accessories. The opinions expressed therein are not necessarily our own at InsideEVs, nor have we been paid byEVANNEXto publish these articles. We find the company's perspective as an aftermarket supplier of Tesla accessories interesting and are willing to share its content free of charge. Enjoy!

Posted onEVANNEX August 04, 2020byCharles Morris

Now that TSLA stock has soared higher than $1,600, and the company appearspoised to join the S&P 500, its game over for the short sellers, right? Not so fastdespite losing whole closets full of shirts, some of the shorts are still hanging on, and they arent expected to fold up their tents just yet.

Theres no question that the rain has been pouring on the shorts parade.Securities Lending Timesreported in late July that short interest in Tesla was at its lowest level since 2015. According to S3 Partners, short interest decreased by 13.80% over the month prior to July 15. The shorts have lost a collective total of over $20 billion so far this year.

"Elon Musk is the lead actor in the biggest financial soap opera that's ever been. He makes roofs, rockets and cars, and it's a controversial bet. People doubt him but he performs," S3 Partners founder Bob Sloan toldBloomberg. "The short sellers are a really stubborn bunch."

Many shorts have been squeezed out of their positions, but as of July 15, Tesla short interest stood at $19.79 billionstill a colossal figure. Many market watchers believe the battle is far from over. Jacob Wolinsky, writing inValueWalk, cited data from Ortex Analytics showing that there were still over 11 million Tesla shares held in short positions as of July 23.

Tesla is the largest domestic equity short Ive ever seen...and the first US equity short with over $20 billion of short interest, says S3 Partners Managing Director Ihor Dusaniwsky. Only Apple has ever come close to attracting the same levels of short interest.

The short sellers interest in Tesla is not only due to skepticism about the companys prospectsaccording to Securities Lending Times, its partly inspired by a never-ending series of controversies and conspiracy theories having to do with Elon Musk, which arespreadvia social media and online forums.

Elon Musk has been quick to claim victory over the short sellers, however, this doesnt quite paint the full picture, says Peter Hillerberg, co-founder of Ortex Analytics. It is highly likely that what weve seen over recent weeks is at least in part a short squeeze, whereby the Tesla share price has been pushed higher by short sellers closing their positions. For high-conviction short sellers, this will just have been a further signal to hold tight and wait for an opportunity to take profit.

Furthermore, with the companys expected addition to the S&P 500 index, along with itslong-awaited Battery Day, coming up, it will surely be regularly featured in the headlines over the next few months feeding what some stock analysts call a hype premiumsomething that short sellers tend to see as an opportunity.

Whichever way you look at it, the battle of wits between Tesla and its short sellers is far from over, says Hillerberg.

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Sources:Securities Lending Times,Bloomberg,ValueWalk; Video:Wall Street Journal

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Tesla Vs The Short Sellers: The Battle Is Never Over - InsideEVs