Tesla (TSLA) investors have been buying the automaker’s stock at a record pace over the last few weeks. Here’s why we think they are doubling down.
Despite a less-than-stellar performance on the stock market over the last year, individual Tesla investors appear undeterred.
A new report from Vanda Research (via WSJ) shows that individual investors are buying Tesla stocks at a record pace.
We mean individual investors with broker accounts, not hedge funds and other institutions. Those investors bought just short of $17 billion worth of Tesla stock in 2022, which was a record.
Now just over two months into 2023, Vanda Research reports that individual investors have already bought over $13 billion worth of Tesla stock this year.
They are showing a lot of confidence in Tesla’s stock, which has been up so far this year, but that was after taking a brutal beating last year.
Now trading at $189 a share, it is still way down from its 52-week high of $384 a share.
Why are Tesla investors buying now?
That’s a tricky question to answer. Historically, Tesla has been a “story stock,” meaning that people were mainly buying into the story of Tesla rather than solid financials behind the company; this has changed over the last few years as Tesla began to consistently deliver strong financial performance and growth.
With Gigafactory Berlin and Texas now ramping to volume production, investors are expecting Tesla to deliver a record number of vehicles in Q1. And while margins are going to be negatively affected by recent price cuts, the automaker should remain profitable.
Tesla is also adding the Cybertruck to its lineup this year, but it is not expected to contribute meaningfully to deliveries or financials this year.
Another explanation for why individual investors were buying Tesla at a record pace this year could be in anticipation of the Investor Day that happened last week.
The Investor Day presentation received mixed reviews. Many were disappointed by the lack of significant news or announcement, but others were impressed by Tesla bringing a significant step change to vehicle manufacturing with its next-generation vehicle platform.
A “buy the rumor, sell the news” situation could have contributed to this surge in Tesla investors buying the stock.
Tesla investors are also known to be quite loyal and many of them rushed to buy last year’s dip. It will be interesting to see if the buying continues into the rest of the year.
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NHTSA announced that it has launched an investigation into Tesla for not correctly reporting crashes involving its Autopilot and Full Self-Driving systems.
The National Highway Traffic Safety Administration (NHTSA), the road safety regulator in the US, already has several open investigations into Tesla, most of which are related to Tesla’s advanced driver assistance systems (ADAS): Autopilot and Full Self-Driving (FSD).
Now, it is opening a new investigation related to inconsistencies in how Tesla reports crashes involving its ADAS systems.
Due to the Standing General Order 2021-01 (the “SGO”), automakers are required to report to NHTSA crashes involving their autonomous driving and advanced driver assistance systems within five days of being notified of them.
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When it comes to Tesla, it generally receives notification within minutes of a crash, as it has an automated collision snapshot that is sent to its mothership server following an accident.
Now, NHTSA claims that Tesla has sometimes waited months to report crashes involving Autopilot and Full Self-Driving.
They wrote in their notice that they opened a new probe into Tesla:
The Office of Defects Investigation (“ODI”) has identified numerous incident reports submitted by Tesla, Inc. (“Tesla”) in response to Standing General Order 2021-01 (the “SGO”), in which the reported crashes occurred several months or more before the dates of the reports. The majority of these reports involved crashes in which the Standing General Order in place at the time required a report to be submitted within one or five days of Tesla receiving notice of the crash. When the reports were submitted, Tesla submitted them in one of two ways. Many of the reports were submitted as part of a single batch, while others were submitted on a rolling basis.
Tesla told NHTSA that this was due to an “error” in their systems, and they claim to have fixed it, but the agency wants to investigate further:
Preliminary engagement between ODI and Tesla on the issue indicates that the timing of the reports was due to an issue with Tesla’s data collection, which, according to Tesla, has now been fixed. NHTSA is opening this Audit Query, a standard process for reviewing compliance with legal requirements, to evaluate the cause of the potential delays in reporting, the scope of any such delays, and the mitigations that Tesla has developed to address them. As part of this review, NHTSA will assess whether any reports of prior incidents remain outstanding and whether the reports that were submitted include all of the required and available data.
Tesla leads level 2 ADAS system crash data reporting by a mile (ADAS level 2 on the left and ADS level 3-5 on the right):
Tesla only appears on the chart for the level 2 driver assistance system and not on the crash reporting for the automated system, since, despite what its CEO and some shareholders claim, Tesla doesn’t have any system deployed in the US that qualifies as fully automated.
However, when it comes to level 2 ADAS crash reporting, Tesla leads with over 2,300 crashes, followed by GM, which reports 55 crashes with its SuperCruise system.
It certainly wouldn’t be the first time that Tesla tries to weasle its way out of reporting crash data related to its automated driving efforts.
At this point, it’s basically its modus operandi.
Yet, we are supposed to trust the company to deploy safe systems that automate driving?
Tesla has proven extremely opaque and untrustworthy in its safety reporting regarding Autopilot and Full Self-Driving. I think that’s a fair statement backed by facts.
That’s not what you want from a company deploying products that are potentially dangerous to road uses.
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Toyota’s new electric SUV boasts significantly more range, a revamped interior and exterior design, and an NACS port for recharging at Tesla Superchargers. Despite the upgrades, the 2026 Toyota bZ is $2,000 cheaper than the outgoing model.
2026 Toyota bZ electric SUV prices and range by trim
The bZ4X, Toyota’s first electric SUV, has been killed off and replaced with the upgraded bZ. Toyota improved it in almost every way possible for the 2026 model year, adding driving range, more features, a fresh new look, and more.
Even with the upgrades, the new and improved Toyota bZ is cheaper than the outgoing bZ4X. Toyota revealed prices for the 2026 bZ electric SUV will start at $34,900, or $2,170 less than the outgoing model.
That’s for the base XLE FWD trim with a 57.7 kWh battery, good for 236 miles range. Upgrading to the extended-range bZ XLE FWD Plus will cost $37,900, but a larger 74.7 kWh battery provides up to 314 miles of driving range, representing a 25% improvement over the 2025 model year.
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2026 Toyota bZ electric SUV (Source: Toyota)
For AWD, prices start at $39,900. Thanks to new SIC semiconductors, AWD models now pack up to 388 hp, 50% more than the outgoing electric SUV.
The range-topping 2026 Toyota bZ Limited FWD trim starts at $43,300, while upgrading to AWD will cost you an extra $2,000.
2026 Toyota bZ trim
Battery
Range
Starting Price*
XLE FWD
57.7 kWh
236 miles
$34,900
XLE FWD Plus
74.7 kWh
314 miles
$37,900
XLE AWD
74.7 kWh
288 miles
$39,900
Limited FWD
74.7 kWh
299 miles
$43,300
Limited AWD
74.7 kWh
278 miles
$45,300
2026 Toyota bZ prices and range by trim (*excluding $1,450 DPH fee)
Toyota’s new electric SUV now features a built-in NACS port, allowing you to recharge at Tesla Superchargers. With a new thermal management system and battery preconditioning, the bZ can charge from 10% to 80% in about 30 minutes.
The new electric SUV features a fresh look both inside and out. Like the latest Camry and Crown, the bZ features Toyota’s new “hammerhead front end design” with an LED light bar across the front.
The interior of the 2026 Toyota bZ (Source: Toyota)
Inside, the 2026 bZ gets a redesigned center console and a larger 14″ Toyota Audio Multimedia touchscreen, two wireless phone chargers, and an improved dashboard.
Toyota said dropping the “4X” at the end of the name was to simplify things for buyers. The 2026 models are expected to begin arriving at dealerships in the second half of 2025, which could be any day now.
With the 2026 model year arriving soon, Toyota is offering clearance prices on the 2025 bZ4X with up to $12,000 off in lease cash. You can use our link to find Toyota bZ4X models in your area (trusted affiliate link).
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Innovative EV charging network ChargePoint is expanding the availability of its modular Omni Port EV charger to its customers. While pre-fitted new chargers continue to roll out across the US, ChargePoint has introduced a new conversion kit version of the universal charging technology, giving older stations more modern compatibility.
If you’ve ever owned, leased, or rented an EV in the US, chances are you’ve encountered a ChargePoint ($CHPT) station or port during your travels. The company estimates that it currently holds a 60%+ market share of public AC charging ports in North America and continues to introduce new strategies and technologies to keep that EV network humming.
For example, ChargePoint began implementing AI to monitor and report EV charger issues so they could be addressed more quickly, reducing downtime. Last month, the company announced a new charger checkup program called “Safeguard Care” to maintain and clean stations before any issues arise.
On the tech side of things, ChargePoint has introduced faster V2X level 2 chargers and anti-theft and anti-vandalization charger cables. However, ChargePoint’s most interesting innovation of the past year is its Omni Port EV Charger plug, which combines J1772 and NACS ports into one while maintaining the capabilities for CCS1 DC fast charging where available.
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It’s been just over a year since the Omni Port was unveiled. While new EV chargers donning the tech continue to roll out, ChargePoint has introduced an additional solution to update older, existing stations.
The new Omni Port / Source: ChargePoint
ChargePoint’s conversion kit can update older EV chargers
ChargePoint shared details of its new “Omni Port adaptable charging solution,” designed to bring modern updates to existing EV chargers. The new conversion kit will roll out alongside production of the charging network’s pre-fitted Omni Port Level 2 chargers to further ensure more customers can charge in any space, with any connector (aside from CHAdeMO), regardless of make and model.
ChargePoint hopes the addition of the conversion kit will enable it to bolster its existing EV charger network by providing a solution to the connector issue. Many existing BEVs still utilize J1772 plugs while the entire industry slowly transitions to the North American Charging Standard (NACS). ChargePoint’s CTO of Hardware, Hossein Kazemi, elaborated:
As many automakers shift toward the NACS charging port, charging providers need to serve all of their customers – regardless of their vehicle’s connector type. Omni Port enables customers to future proof their charging infrastructure and eliminates the hassle of dedicating parking spaces to a specific connector type. For EV drivers, it ensures they will encounter the connector type they need to charge at any Omni Port location.
As we explained when the Omni Port debuted last summer, the charging process is seamless. EV drivers register their vehicle in the ChargePoint app and tap to charge, and the station automatically releases the correct connector type.
At the time, ChargePoint also pointed out that the modular design of its EV chargers would allow station owners to upgrade to new technology like the Omni Port, which debuted as being “future-ready.” With the addition of the conversion kit, station owners do not need to replace their EV chargers entirely and instead can swap a minimal amount of components quickly and affordably—all while upgrading to the most up-to-date universal charging technology.
There is no word yet on when the conversion kits will start rolling out, but this could provide a huge technological boost to ChargePoint’s existing EV charger networks, which are already one of the most prominent in North America. We love to see it.
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