Going by the new estimates, Morgan Stanley expects that Tesla’s market capitalization will surge by at least $600 billion over the next 12 to 18 months. A recent Reuters report has tipped Tesla Inc (NASDAQ: TSLA), the electric vehicle (EV) maker, as poised to see a major boost in its market capitalization. This follows after Morgan Stanley analysts published a note about Tesla’s Dojo on Sunday. Addressing investors in the note, the team of analysts, led by Adam Jonas, shared how the...
Read More »Biden Administration Invests $15.5B in Electric Vehicle Transition
Historically, the United States has relied on other countries for battery materials and components. However, a growing number of automakers and battery manufacturers are announcing plans to establish battery production facilities within the United States. The US Department of Energy (DOE) recently unveiled a $15.5 billion funding and loan package as part of President Biden‘s ambitious “Investing in America” agenda. This initiative announced by the Biden administration primarily focuses on...
Read More »Volkswagen Introduces ID7, Next-Generation EV Built for Efficiency
The Volkswagen ID7 is not only appealing as a high-performance electric vehicle, but it is also one that is built to be largely affordable, compared to current market alternatives. German multinational vehicle maker, Volkswagen Group (ETR: VOW3) has introduced its latest car, the ID.7, billed as the first all-electric Volkswagen for the upper mid-size class. According to the description of the vehicle by the company, the ID7 is branded as the very first Volkswagen product that comes with a...
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