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Tesla price targets drop for varying reasons, but some feel like a reach

Teslarati

Tesla ( NASDAQ: TSLA ) price targets were dropped by several firms due to varying reasons, but some feel like a reach. Some of them that were spoken of were Tesla’s lack of annual guidance, no narrative on price cuts, and a general lack of strategy. Potter trimmed his price target to $225 from $295. This is one of them.

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Valero to Permanently Close 210,000 bpd Delaware City Refinery

Green Car Congress

Valero Energy Corporation intends to permanently shut down its Delaware City, Delaware refinery due to financial losses caused by very poor economic conditions, significant capital spending requirements and high operating costs. Valero Delaware City Refinery. Click to enlarge.

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NJ state Senate approves bill requiring New Jersey DEP to develop and implement electric school bus program

Green Car Congress

D-Middlesex, is the primary sponsor, would fund for three years the purchase of new electric school buses and the necessary charging infrastructure in a minimum of 18 New Jersey school districts. A University of Delaware study estimates one electric school bus could save a district about $230,000 over its 14-year lifespan.

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Univ. of Delaware Researchers Conclude Cash for Clunkers Cost Exceeded Benefit

Green Car Congress

Burton Abrams and George Parsons of the University of Delaware evaluated the efficiency of the recently concluded Cash for Clunkers (CARS) program and concluded that the cost exceeds the benefit by approximately $2,000 per vehicle, or close to $1.4 billion in total. Their paper appears in the online journal The Economists’ Voice.

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Top 10 states offering EV incentives

Plug in America

Various states across the United States offer electric vehicle (EV) purchase incentives to help accelerate the adoption of zero-emission vehicles. New Jersey residents may receive up to $5,000 toward the purchase or lease of a new EV. Qualified applicants could receive up to $2,500 for the purchase or lease of a new EV. .

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Tesla Tequila limited edition bottle, glass set sold out lightning fast

Teslarati

According to the support page, each customer was limited to only one bottle per purchase. Although, some buyers have mentioned purchasing more than one limited edition set. Tesla does not offer refunds for Tesla Tequila purchases. First, there’s the price. The buyer that receives the 420th set would have hit the jackpot.

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Lordstown Motors files for Chapter 11, sues Foxconn; selling off Endurance electric pickup

Green Car Congress

The litigation accuses Foxconn of fraud and willful and consistent failure to live up to its commercial and financial commitments to Lordstown. The lawsuit charges that Foxconn’s actions led to material damage to Lordstown as well as its future prospects. Earlier post.)

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