Tesla stock (TSLA) fights back in early surge after Wall St. upgrade

By Simon Alvarez Posted on March 19, 2020 Tesla stock (NASDAQ:TSLA) came roaring back on Tuesday’s early morning trading, bouncing as high as $434.54 per share amid news of an upgrade from Wall Street. In a recent note, Morgan Stanley analyst Adam Jonas upgraded Tesla from “Underperform” to “Equal-Weight,” while putting a $460 per share …

Tesla targeted by Japanese electronics giant in cryptic lawsuit claiming patent infringement

By Simon Alvarez Posted on March 18, 2020 Japanese electronics giant Sharp has filed a lawsuit against American electric car maker Tesla, alleging that the onboard communications equipment installed on the Model S, 3, and X are infringing on its patents. Sharp’s Tesla lawsuit comes not long after the Japanese firm also filed a case …

GM, Ford hit by C-19 virus; VW, Daimler, auto industry reel in impact of Corona pandemic

By Simon Alvarez Posted on March 17, 2020 The auto industry is now feeling the weight on the ongoing C-19 pandemic, with veteran automakers Volkswagen and Daimler announcing that they will be suspending production in their European facilities. The news comes as updates from GM, Ford, and Fiat-Chrysler in the US revealed that workers from …