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Image source: Tesla. Tesla runs out of gas. The only piece of news that would have directly weighed on the stock was Hertz's announcement that it continues to see weak demand for EVs and will sell ...
The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy . Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services.
Tesla's growth story was about leading the paradigm shift to EVs, and an affordable car was a part of that story. Now without it, the narrative has changed. Tesla's EV success made it 'Magnificent.'
Tesla stated in 2020 that it is moving to cobalt-free batteries, without giving a timeline. [326] In the January–March 2022 quarter, half of Tesla's car batteries were cobalt-free. [327] The 2022 Tesla Impact Report reports that "Tesla's cell production growth rate will increase our demand for primary mined minerals", which includes cobalt ...
Tesla has been rallying in large part thanks to Elon Musk's close relationship with Donald Trump, but the company is down 3% today after Trump signed an executive order that directs his ...
Weakness in the EV market could spoil Tesla's recent recovery.
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Elon Musk has realized, it seems, that the economy isn't doing that great. In an email to executives, Tesla CEO said he has a "super bad feeling" about the economy. He also wants to pause all ...