Tesla China hits snag in plan to increase Giga Shanghai’s capacity

By Maria Merano Posted on June 16, 2023 Tesla China’s goal to increase Gigafactory Shanghai’s production capacity by 450,000 units hit a snag recently.  Tesla has plans to develop 172 acres of former farmland surrounding Giga Shanghai to increase its electric vehicle production up to 450,000 annually in China. As of this writing, the 172 …

Tesla (TSLA) winning streak ends at 13, shorts feel $12B loss

By Joey Klender Posted on June 15, 2023 Tesla (NASDAQ: TSLA) had its 13-day winning streak snapped at market close yesterday, but the automaker managed to add more than $200 billion in value over the period. Meanwhile, short sellers are feeling a more than $12 billion burn on the year, $5 billion of which has …

Tesla Model Y 4680 configuration loses an interior color in the U.S.

By Joey Klender Posted on June 14, 2023 Tesla has removed one of the interior colors to just one of the Model Y configurations in the United States. The All-Wheel-Drive Model Y that equips Tesla’s 4680 battery cells is no longer offering the White Interior option. This particular vehicle is built at Tesla’s Gigafactory Texas, …