Tesla Slashes Prices in China in Sales Push
Tesla announced on Wednesday that it has slashed the prices of its Model S and Model X cars in China by as much as 6.9%. This comes after concerns emerged about the EV maker's profit margin in the Chinese market.
A post from Tesla on...
Tesla Stock Surges After Giga Austin Plant Produces the First Cybertruck
Electric vehicle maker Tesla announced on Sunday that their production facility in Giga Austin made the first Cybertruck pickup. The news caused the company’s shares to its highest mark in almost a year.
Tesla unveiled Cybertruck back in November 2019 and received 250,000 preorders in...
China’s Car Sales Fall in June, Diluting Tesla’s Market Share
China experienced a 2.9% drop in car sales in June compared to the previous year, data from the China Passenger Car Association (CPCA) revealed on Monday. 1.91 million vehicles were sold last month. Despite this drop, car sales for the first half of 2023...
Tesla to Use New Batteries in Semi-Heavy Electric Trucks and Affordable Vehicle
Tesla Inc revealed on Thursday its plan to use cheaper, iron-based batteries in its semi-heavy electric trucks as well as a new affordable electric car.
Chief Executive Elon Musk has long stood behind the decision to use cheaper lithium phosphate (LFP) battery technology, announcing...
Tesla Slashes Prices of its Model X and Model S for the Second Time This Year
Electric car maker Tesla really wants more people to buy its Model X and Model S. After slashing the price of X and S in early January, the company is now offering even lower prices for its most expensive models.
A quick look at Tesla’s...
Tesla Stock Rises Amid China Sales Boom
Tesla shares were up by nearly 4% during early afternoon trading on Friday after the electric vehicle maker reported strong sales in China. The company reported wholesale shipments of 74,402 vehicles from its factory in China. This is a 32% rise from a year...