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Tesla stock (TSLA) gets higher price target but lower rating from Goldman Sachs

Teslarati

Goldman Sachs has downgraded Tesla stock ( NASDAQ:TSLA ) from a “Buy” to a “Neutral” rating, though the firm also raised their price target on the EV maker from $185 to $248 per share. The post Tesla stock (TSLA) gets higher price target but lower rating from Goldman Sachs appeared first on TESLARATI.

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CRU: lithium price downtrend continues, with disappointing EV sales in China the driver

Green Car Congress

In August 2019, CRU reported on the steady slide in prices that has occurred in the lithium market since the beginning of the year. Since then, prices have continued to fall, CRU notes. Lithium hydroxide has fallen by 30% to RMB 74,500/t, according to CRU’s price assessments. The rest of the lithium market is fragmented.

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Study finds EV buyers want rebates, not tax credits; government could have saved $2B

Green Car Congress

You have to be wealthy enough to buy the whole car and then wait for your tax-break kickback in April. But if you’re not in that class of buyers, you often need the money when you buy the car or you’re not going to buy it. —Roberson and Helveston (2022). —John Helveston. Roberson et al.

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The Impact of Gas Price Trends on Vehicle Choice

Clean Fleet Report

When gas prices are on the rise, it had a big impact on the type of vehicles that people were buying. With gas prices always fluctuating, it can be difficult to predict how much you’ll need to spend on fuel each month. SUV and Truck Sales Decreased as Gas Prices Increased. Analysis of Recent Market Moves.

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Survey finds big shift in UK buyers’ attitude to diesel; more concern over running costs than environment

Green Car Congress

Intelligence survey results, which indicate that more than seven in 10 would be likely or very likely to choose a gasoline car, compared with the four in 10 who would consider buying a diesel. There appears to have been a dramatic shift in the petrol and diesel sales seesaw. — Steve Huntingford, What Car?

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Ports of Auckland buys world’s first electric tug; 70-tonne bollard pull

Green Car Congress

Ports of Auckland (New Zealand) has signed a contract with Dutch company Damen Shipyards to buy the world’s first full-size, fully electric port tug. The purchase price of this tug is significant, at roughly double that of a diesel tug, and that is an important consideration for a business that needs to make a profit.

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UK Automobile Association survey finds 1% plan to buy hybrid or EVs; RAC report finds price key barrier to green car take-up

Green Car Congress

The latest annual survey of the UK Automobile Association (AA) has found that of the respondents who may be replacing their car within 12 months only 1% will be looking to buy an electric or hybrid vehicle. The number of drivers adversely affected by fuel prices is now running at an all time high of 76%.