article thumbnail

Tesla stock: analyst calls EV maker a ‘growth company with no growth’

Teslarati

Tesla ( NASDAQ: TSLA ) was labeled a “growth company with no growth” by Wells Fargo analyst Colin Langan, who said in a note to investors on Wednesday that he expects a leveling off of sales in 2024 and a drop in 2025. market but is being challenged by domestic companies in both Asia and Europe.

Companies 120
article thumbnail

Hertz CEO steps down following Tesla and EV debacle costs company big

Teslarati

Hertz CEO Stephen Scherr has decided to step down following the rental firm’s big bet on Tesla and other EVs went awry, as the debacle cost the company big. In late 2022, Hertz placed a massive order for 100,000 Tesla Model 3 and Model Y vehicles. ” I’d love to hear from you!

Companies 119
article thumbnail

Tesla Dojo project lead departs company

Teslarati

Tesla’s Dojo Supercomputer project lead, Ganesh Venkataramanan, has left the automaker, dealing a potential blow to the company’s self-driving efforts as it will now scramble to work with a new leader. You can also reach me on Twitter @KlenderJoey , or if you have news tips, you can email us at tips@teslarati.com.

Companies 110
article thumbnail

Elon Musk to discuss Tesla, SpaceX future plans in company talks

Teslarati

Elon Musk has announced that he will be holding company talks for his two biggest businesses, SpaceX and Tesla, next month. Musk’s company talks for Tesla and SpaceX were mentioned by the CEO in a post on X. Next week, I will do a company talk for SpaceX, followed later by a company talk for Tesla after the 10K.

Companies 132
article thumbnail

Tesla VP Public Policy Rohan Patel departs company after 8-year stint

Teslarati

Tesla Vice President for Public Policy and Business Development Rohan Patel has announced that he is leaving the electric vehicle maker. Patel announced his departure from Tesla in a post on his personal account in social media platform X. My immigrant parents worked their asses off and as a result I’m the luckiest dude.

article thumbnail

Tesla Cybertruck to be used in Boring Company Vegas Loop

Teslarati

The Boring Company’s Vegas Loop may soon become an ideal location where people can experience the Tesla Cybertruck firsthand. Both The Boring Company and the City of Las Vegas have been teasing the Cybertruck on social media. “It has to be approved as a new vehicle in the system by the county, and that hasn’t happened yet.

Las Vegas 116
article thumbnail

Tesla garners support from charging companies for NACS connector

Teslarati

Tesla is garnering support from charging companies on Monday for its North American Charging Standard (NACS) connector after several high-profile companies have agreed to partnerships with the automaker also to adopt it. Earlier today, we already covered some of the companies that have adopted NACS.

Companies 145