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Wedbush maintains Tesla at outperform but cuts target US$400 to US$1,000, says it's 'hard to ignore' headwinds regarding Covid-related lockdowns in China; Elon Musk's Twitter bid could be a distraction risk during one of the worst supply chain disruptions

Panasonic reports Tesla seeks faster development of 4680 battery cells, which Panasonic plans to initially make in Japan, with Tesla CEO Elon Musk saying they are crucial to lowering costs of EVs; demand from Tesla for current 2170 cells remains strong

Q1 battery-electric vehicle registrations in US up 60% from a year ago, as new vehicle sales drop 15.3% in the quarter; Tesla accounted for 75% of new EV sales in Q1, with Ford reporting EV sales up 139% as Mach-E SUV shows strong growth

Tesla cuts production at Shanghai, China, Giga 3 plant to 200 EVs daily due to supply shortages caused by COVID-19 lockdown of city; Tesla uncertain when it can resume production of 1,200 vehicles per day

Tesla recalls 130,000 vehicles in US because touch screens can overheat, go blank after fast-charging process; recall involves 2021 to 2022 Model S sedans, Model X SUVs and 2022 Model 3 sedans, Model Y SUVs

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