Tesla Follows Fed Lead and Opts for a Pause
Tesla’s record 13-day streak of gains came to an end on Wednesday, snapping a run that added $US240 billion to its market value and more than $US26 billion to Elon Musk’s fortune.
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Tesla’s Rebound Shifts into Overdrive, BYD Goes Along for the Ride
Tesla’s share price has zoomed higher this year after the CEO’s disastrous Twitter adventure in 2022, but Chinese rival BYD is threatening to steal their thunder.
Read MoreDiscounting Pushes Tesla’s Model Y to the Very Top of the Pile
Tesla’s price cuts in markets like the US and China saw its Model Y become the world’s best-selling car – not just among EVs, but overall – in the three months to March.
Read MoreFord-Tesla Agreement Puts a Charge into US EV Space
Ford and Tesla have struck a technology deal that could trigger a major change for US EVs and confer market leader status back to Tesla for a while to come.
Read MoreMr. Electric’s Turbo-Charged Mouth Redlining Again
A busy annual meeting for Tesla on Tuesday has seen CEO Elon Musk reveal a gloomy outlook for much of the global economy while talking up his company’s prospects.
Read MoreChina NEV Weakness a Threat to Lithium Bounce
Just as a couple of leading banks turn positive about lithium, monthly Chinese sales of New Energy Vehicles were a touch weak for no apparent reason.
Read MoreConcerted Move Underway for Chinese EV Dominance
Stand by for a flood of cars from China – particularly electric vehicles from the likes of global leader BYD – over the rest of 2023 and into 2024.
Read MoreSodium Set to Make Assault on Lithium’s Battery Stronghold
The renewables sector both locally and globally is watching moves by BYD and its bigger Chinese rival CATL to start mass production of sodium-ion batteries.
Read MoreHorror Week for Tesla on P&L, Pricing, Competition Concerns
Tesla investors are paying a heavy price for CEO Elon Musk’s attempts to defend the EV maker’s market position, with the shares falling sharply this week on earnings and sticker weakness.
Read MorePrice Cuts Put the Brakes on Tesla Earnings
Tesla price cut itself into a slide in earnings in the first three months of 2023 as it tried to fight off rising challenges from Chinese, European and fellow American EV makers.
Read MoreEPA Takes the Road Less Travelled for US EV Industry
America’s EPA has revealed tougher rules to underwrite US demand for EVs over the next decade, with carmakers and miners handed the first set of ground rules for accessing subsidies.
Read MoreOz Given Inside Lane Pass on US IRA Expressway
Australia’s preferential role in America’s huge renewable spending boom has been cemented by the latest US Treasury and IRS rules governing green things like battery manufacturing and materials.
Read MoreNOVONIX (ASX: NVX) Announces Saudi Joint Venture
Novonix Limited (ASX: NVX) CEO Dr Chris Burns discusses the local battery technology company’s JV with TAQAT of Saudi Arabia to produce anode materials for electric vehicles.
Read MoreBullish BYD Set to Shift Up a Gear in 2023
BYD saw a dramatic surge in revenue and earnings in 2022 and its planned lift in production this year will further drive its already strong appetite for lithium and other key green metals.
Read MoreRenewables Sector Eagerly Awaits IRA Breakdown
Next week sees the release of what will be the key drivers of the future for the world’s growing renewables sector, with special focus on details of the Biden Administration’s Inflation Reduction Act.
Read MoreChinese NEV Industry Hits a Nasty Patch of Black Ice
Large and small players in China’s New Energy Vehicle industry – from raw materials to batteries and now distribution – have hit tough times, with a slide in sales growth and broad-based price-cutting.
Read MoreThai Move May Mean Tariff-Free BYD EVs for Oz
BYD, the world’s biggest EV maker, has made an important strategic move for the Australian industry by setting up a plant in Thailand, which could see it making tariff-free vehicles for export.
Read MoreNEV Data a Needed Turbo Boost for Renewables
Good news from China for producers of renewable metals, with a surge in sales of new energy vehicles in February that should allay lingering concerns caused by January’s soft start.
Read MoreMusk’s Rare Earths Rant Drowns Out Price Cut Move
Lost in the fallout from Elon Musk’s comments on rare earth mineral usage was the news that Tesla was cutting prices on some of its US models for the 5th time since the start of the year.
Read MoreBYD Streets Ahead of Tesla in Latest NEV Sales Data
BYD moved further ahead of Tesla in the huge and competitive Chinese New Energy Vehicle market in February, although both reported rebounds in NEV sales over that period.
Read MoreMagnis’ US-Based Anode Active Project Gathers Momentum
Corporate Connect’s Di Brookman has released an updated research report on Magnis Energy Technologies covering the company’s recently announced deal with Tesla and other developments.
Read MoreMusk Tweeting Oh So Loud but Saying Oh So Little
Elon Musk’s Master Plan 3 for Tesla was long on vision and claimed achievements, but short on specifics about any new products, particularly a lower-priced EV.
Read MoreMarkets Brace Themselves for Musk on the Mic
Can Elon Musk win back the confidence of the market at Tesla’s annual investor day on Wednesday, or will this be yet another instance of the mania mangling the message?
Read MoreICE Market Dominance Slowly Melting Away
Credit ratings firm Fitch believes China’s NEV sales will grow strongly again this year and further erode the local and global dominance of internal combustion engine powered carmakers.
Read MoreLunar New Year Keeps Chinese EV Market Subdued
China’s January car sales were weaker than forecast thanks to a combination of the Lunar New Year break and the ending of most purchase subsidies for new energy vehicles.
Read MoreToyota Still on Top, Still Stuck in Neutral
In stark contrast to US rival GM, we saw two announcements in the past week from Toyota that underline the continuing scepticism the world’s biggest carmaker feels for battery-powered vehicles.
Read MoreChinese EV Sales Hold in Face of Subsidy Cuts
The fact that New Energy Vehicle sales by BYD, the industry leader in China, fell less in January some forecasts had predicted is good news for lithium producers here and in South America.
Read MoreGM Ready to Rev Up its EV Operations
General Motors revealed record 2022 results and a robust outlook for 2023, while also revealing the first meaningful investment by a US carmaker in a domestic lithium mine project.
Read MoreEV and Battery Makers Seemingly on Collision Course
The essential conflict at the heart of the booming electric vehicle / battery materials business was on full display in statements this week from the two leading players: Tesla and Albemarle.
Read MoreTesla Begins the Long Road Back to the Top
Tesla did better than expected in the three months to December, with both revenue and sales up, helping the company’s shares rise 2.2% in afterhours trading Wednesday.
Read MoreTesla and the Icarus Paradox
GAM’s Mark Hawtin argues that Tesla fits into what’s known as The Icarus Paradox, where a company’s failure is brought about by the very elements that led to their initial success.
Read MoreAllkem Result Shows there’s Life Left in Lithium
As all the so-called ‘experts’ continue to insist that the lithium price boom is either dead or dying, it just keeps hanging in there as the strong Allkem result on Wednesday showed.
Read MoreThe Unsung Hero of the EV Battery
There is, by weight, 7-10 times more graphite than lithium in a lithium-ion battery, and yet rarely does graphite rate more than a passing mention when the topic is being discussed.
Read MoreBerkshire Hathaway Continues BYD Selldown
Warren Buffett’s Berkshire Hathaway has announced a further selldown of shares in the world’s biggest electric vehicle maker (and second biggest battery group) BYD.
Read MoreThe Elon and Winding Road
Tesla CEO Elon Musk and his $US44bn Twitter (mis)adventure ended up as one of the big market stories of 2022, and already it seems 2023 will be little different.
Read MoreIdling Tesla Left in BYD’s Slipstream
The pressures on Elon Musk grew this week as not even an all-time record monthly sales performance in China for November could stop Tesla falling further behind local giant BYD.
Read MoreTalk Aplenty but Little Action at the Critical Minerals Summit
The recent Critical Minerals Summit was aimed at answering questions about how Australia will help accelerate the energy transition – but what did it actually achieve?
Read MoreChinese EV Strength Continues to Drive Lithium
Record sales of NEVs in China last month, bringing to roughly 70% the jump over the past year, has again helped explain the continuing strength in lithium prices.
Read MoreThe Alternative to Lithium
Altech Chemicals Limited CFO Martin Stein discusses the recent joint venture with Fraunhofer IKTS and the CERENERGY solid state sodium alumina battery.
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