“All U.S. cars that are capable of FSD will be enabled for a one-month trial this week,” Musk wrote on social media platform X.

Priced at $12,000, the FSD technology has fallen short of expectations in terms of being a profit driver. This comes after Tesla was faced with regulatory and legal hurdles regarding its safety and marketing efforts. In response, Musk claimed that critics do not understand how well the FSD works while supervised.

Tesla’s decision to provide a trial of the FSD to U.S. consumers comes across as a sales push amid declining adoption rates of the technology. While 53% of Tesla customers opted for the driver-assist technology in the third quarter of 2019, only 14% of customers purchased the FSD in the third quarter of 2022.

The post Tesla Offers One-Month Trial of Driver-Assist Technology appeared first on theprimarymarket.com.

“This is the essential quandary of manufacturing: factories need continuous production for efficiency, but consumer demand is seasonal,” Tesla CEO Elon Musk explained. With the company being hurt by a vicious price war with rivals that began a year ago, the company warned that its sales may decline this year as it looks to focus on the development of its next-generation EV, named “Redwood”.

The decision to raise the price of the Model Y follows Tesla’s previous decision to increase the price of the Model Y rear-wheel drive and long-range vehicles by $1,000, to $$43,990 and $48,990 respectively.

The post Tesla to Increase Model Y Price in Europe appeared first on theprimarymarket.com.

A post from Tesla on the social media platform Weibo showed that the price of the Model S has been lowered from 808,900 yuan to 754,900 yuan ($103,477.58); a 6.7% drop. The price of the Model X was reduced by 6.9% from 898,900 yuan to 836,900 yuan.

Vehicle sales in China for the EV maker declined by 31% in July compared to June – the first month-on-month decline that Tesla has experienced since December last year. This was the period in which Tesla lowered its production levels as it dedicated more resources to preparing for the revamped Model 3 launch.

In addition to raising its profit margin, Tesla is also looking to remain competitive against rivals such as China’s BYD, which saw its sales increase over July compared to the previous month.

The post Tesla Slashes Prices in China in Sales Push appeared first on theprimarymarket.com.

Tesla unveiled Cybertruck back in November 2019 and received 250,000 preorders in less than a week. Since then, the highly anticipated EV pickup faced some challenges that delayed production before Tesla CEO Elon Musk announced that the first units would find their way to customers in the third quarter of 2023.

The shares of Tesla dipped as low as $108 in early January before doubling up in value by the end of the month. Following the news about the first Cybertruck being produced in the Giga Austin plant, Tesla stock had a strong opening on Monday, reaching a price of $290.80 per share at one point.

Wall Street analysts expect Tesla shares to continue being on the rise in the following months, especially if the company delivers on its promise to start delivering Cybertruck to customers. The plans to build a new factory in Mexico and the expected introduction of new Tesla coupe models should also work in favor of keeping the stock strong.

The post Tesla Stock Surges After Giga Austin Plant Produces the First Cybertruck appeared first on theprimarymarket.com.

In contrast to the general trend, new energy vehicle (NEV) sales surged by over 25% in June, accounting for 35% of total car sales for the month. Over the first six months of the year, NEV sales grew by 37% to 3.09 million units. Although overall sales in June fell, China’s car exports for the month skyrocketed by 56%.

Both Tesla and rival EV maker BYD reached record deliveries for their China-made vehicles in the second quarter. Still, Tesla’s market share for pure electric and plug-in hybrid cars in China slipped during the second quarter from 10.5% in Q1 to 8.8%.

The post China’s Car Sales Fall in June, Diluting Tesla’s Market Share appeared first on theprimarymarket.com.

Chief Executive Elon Musk has long stood behind the decision to use cheaper lithium phosphate (LFP) battery technology, announcing in March that “the vast majority of the heavy lifting for electrification will be iron-based cells.”

According to the company’s “Master Plan Part 3” released on Wednesday, LFP batteries will be used in “short-range” heavy electric trucks, which the company referred to as “Semi Light.” No details such as a release date were given.

Last December, Tesla began to deliver its Semi electric trucks with a longer 500-mile driving range per charge. These trucks are powered by a nickel-based battery.

In addition to switching its “Semi Light” trucks to LFP batteries, Tesla also plans to use these batteries in its mid-sized vehicles, Model 3 and Model Y. As of late, no timeline for the transition has been given.

While Tesla is determined to make use of the LFP batteries, the prospect of Chinese suppliers building factories in the United States poses a challenge due to Chinese-U.S. tensions.

The post Tesla to Use New Batteries in Semi-Heavy Electric Trucks and Affordable Vehicle appeared first on theprimarymarket.com.

A quick look at Tesla’s official website, and you’ll notice that Model S Plaid has gone from $114,990 to $109,990 while Model S AWD is now priced at $89,990 compared to the previous price of $94,990. On the other hand, you can now get Model X AWD for $99,990, down from $109,990, while the Plaid version of Model X has now dropped from $119,990 to $109,990.

Tesla CEO Elon Musk hinted at possible price movement during the company’s investor day earlier this month. At the time, Musk said that people have an “infinite” desire to own a Tesla but that the prices are stopping them from making that a reality.

“We found that even small changes in the price have a big effect on demand, very big,” he added.

After the debut of discount prices for Model X and Model S, Tesla’s stock has dropped roughly 2% compared to the close price of 198.30 per share on Friday. Tesla shares are 79.04% up year to date after a huge slide in 2022.

The post Tesla Slashes Prices of its Model X and Model S for the Second Time This Year appeared first on theprimarymarket.com.

Chandan Kumar, head of products at ETF provider Indxx commented that Tesla’s continued growth in China is unsurprising. This is because China’s Passenger Car Association (CPCA) stated in February that sales of new energy vehicles rose by 30% overall for the month.

“As a logical result of this Tesla, despite what many Americans may think, only gets roughly 31% of its total sales from the US, with the rest essentially all from China and Europe,” Kumar observed.

Much of Tesla’s sales boost comes from the company’s decision to cut the price of its Chinese-made Model 3 and the Model Y in January, which were reduced by 13.5% and 10% respectively.

Despite Tesla’s sales growth, the company was still outperformed by competitors such as BYD, which outsold Tesla and grew its new energy vehicle sales by over 100% for the month.

The post Tesla Stock Rises Amid China Sales Boom appeared first on theprimarymarket.com.

Protests erupted across Tesla showrooms in China, where vehicle owners demanded rebates and credits for purchases made right before the price cut. This marks the second time in the past three months that the electric vehicle maker has decided to slash its prices.

Locally-manufactured Model 3 underwent a 13.5% price cut, while Model Y’s price tag was reduced by 10%. As a result, the new retail prices of the Model 3 and Model Y are $33,515 and $37,899.

In an effort to take advantage of government subsidies for EV purchases that were soon to expire, a slew of consumers purchased Tesla vehicles just before the end of 2022. As a result, many Tesla owners complained that they had overpaid for their vehicles.

Following the decision to reduce prices, the Tesla website now shows that waiting times for deliveries of the Model Y have been extended by a week. While the performance edition of the Model Y and all Model 3s still have a waiting period of one to four weeks, the Model Y’s waiting time is now two to five weeks.

The post Tesla Owners in China Protest Recent Price Cut appeared first on theprimarymarket.com.

405,278 electric vehicles were delivered by Tesla in the fourth quarter, notably exceeding the 308,600 vehicles delivered during the same period during the previous year. This figure still fell short of analysts’ estimates of 431,117 deliveries for the quarter.

Of the vehicles delivered during the fourth quarter of 2022, 388,131 were Model 3 compact sedans and Model Y sports utility vehicles. 17,147 of the vehicles were Model X and Model S luxury cars.

With 439,701 vehicles being produced during the fourth quarter, Tesla’s deliveries fell about 34,000 vehicles short of production. This comes after CEO Elon Musk stated in October that he was working to resolve ongoing logistical bottlenecks.

Tesla plans to run a reduced production schedule in January, with the company implementing a shutdown at its Shanghai branch over the Chinese new year.

The post Tesla Reports Record Deliveries, Misses Estimates appeared first on theprimarymarket.com.

“All U.S. cars that are capable of FSD will be enabled for a one-month trial this week,” Musk wrote on social media platform X.

Priced at $12,000, the FSD technology has fallen short of expectations in terms of being a profit driver. This comes after Tesla was faced with regulatory and legal hurdles regarding its safety and marketing efforts. In response, Musk claimed that critics do not understand how well the FSD works while supervised.

Tesla’s decision to provide a trial of the FSD to U.S. consumers comes across as a sales push amid declining adoption rates of the technology. While 53% of Tesla customers opted for the driver-assist technology in the third quarter of 2019, only 14% of customers purchased the FSD in the third quarter of 2022.

The post Tesla Offers One-Month Trial of Driver-Assist Technology appeared first on theprimarymarket.com.

“This is the essential quandary of manufacturing: factories need continuous production for efficiency, but consumer demand is seasonal,” Tesla CEO Elon Musk explained. With the company being hurt by a vicious price war with rivals that began a year ago, the company warned that its sales may decline this year as it looks to focus on the development of its next-generation EV, named “Redwood”.

The decision to raise the price of the Model Y follows Tesla’s previous decision to increase the price of the Model Y rear-wheel drive and long-range vehicles by $1,000, to $$43,990 and $48,990 respectively.

The post Tesla to Increase Model Y Price in Europe appeared first on theprimarymarket.com.

A post from Tesla on the social media platform Weibo showed that the price of the Model S has been lowered from 808,900 yuan to 754,900 yuan ($103,477.58); a 6.7% drop. The price of the Model X was reduced by 6.9% from 898,900 yuan to 836,900 yuan.

Vehicle sales in China for the EV maker declined by 31% in July compared to June – the first month-on-month decline that Tesla has experienced since December last year. This was the period in which Tesla lowered its production levels as it dedicated more resources to preparing for the revamped Model 3 launch.

In addition to raising its profit margin, Tesla is also looking to remain competitive against rivals such as China’s BYD, which saw its sales increase over July compared to the previous month.

The post Tesla Slashes Prices in China in Sales Push appeared first on theprimarymarket.com.

Tesla unveiled Cybertruck back in November 2019 and received 250,000 preorders in less than a week. Since then, the highly anticipated EV pickup faced some challenges that delayed production before Tesla CEO Elon Musk announced that the first units would find their way to customers in the third quarter of 2023.

The shares of Tesla dipped as low as $108 in early January before doubling up in value by the end of the month. Following the news about the first Cybertruck being produced in the Giga Austin plant, Tesla stock had a strong opening on Monday, reaching a price of $290.80 per share at one point.

Wall Street analysts expect Tesla shares to continue being on the rise in the following months, especially if the company delivers on its promise to start delivering Cybertruck to customers. The plans to build a new factory in Mexico and the expected introduction of new Tesla coupe models should also work in favor of keeping the stock strong.

The post Tesla Stock Surges After Giga Austin Plant Produces the First Cybertruck appeared first on theprimarymarket.com.

In contrast to the general trend, new energy vehicle (NEV) sales surged by over 25% in June, accounting for 35% of total car sales for the month. Over the first six months of the year, NEV sales grew by 37% to 3.09 million units. Although overall sales in June fell, China’s car exports for the month skyrocketed by 56%.

Both Tesla and rival EV maker BYD reached record deliveries for their China-made vehicles in the second quarter. Still, Tesla’s market share for pure electric and plug-in hybrid cars in China slipped during the second quarter from 10.5% in Q1 to 8.8%.

The post China’s Car Sales Fall in June, Diluting Tesla’s Market Share appeared first on theprimarymarket.com.

Chief Executive Elon Musk has long stood behind the decision to use cheaper lithium phosphate (LFP) battery technology, announcing in March that “the vast majority of the heavy lifting for electrification will be iron-based cells.”

According to the company’s “Master Plan Part 3” released on Wednesday, LFP batteries will be used in “short-range” heavy electric trucks, which the company referred to as “Semi Light.” No details such as a release date were given.

Last December, Tesla began to deliver its Semi electric trucks with a longer 500-mile driving range per charge. These trucks are powered by a nickel-based battery.

In addition to switching its “Semi Light” trucks to LFP batteries, Tesla also plans to use these batteries in its mid-sized vehicles, Model 3 and Model Y. As of late, no timeline for the transition has been given.

While Tesla is determined to make use of the LFP batteries, the prospect of Chinese suppliers building factories in the United States poses a challenge due to Chinese-U.S. tensions.

The post Tesla to Use New Batteries in Semi-Heavy Electric Trucks and Affordable Vehicle appeared first on theprimarymarket.com.

A quick look at Tesla’s official website, and you’ll notice that Model S Plaid has gone from $114,990 to $109,990 while Model S AWD is now priced at $89,990 compared to the previous price of $94,990. On the other hand, you can now get Model X AWD for $99,990, down from $109,990, while the Plaid version of Model X has now dropped from $119,990 to $109,990.

Tesla CEO Elon Musk hinted at possible price movement during the company’s investor day earlier this month. At the time, Musk said that people have an “infinite” desire to own a Tesla but that the prices are stopping them from making that a reality.

“We found that even small changes in the price have a big effect on demand, very big,” he added.

After the debut of discount prices for Model X and Model S, Tesla’s stock has dropped roughly 2% compared to the close price of 198.30 per share on Friday. Tesla shares are 79.04% up year to date after a huge slide in 2022.

The post Tesla Slashes Prices of its Model X and Model S for the Second Time This Year appeared first on theprimarymarket.com.

Chandan Kumar, head of products at ETF provider Indxx commented that Tesla’s continued growth in China is unsurprising. This is because China’s Passenger Car Association (CPCA) stated in February that sales of new energy vehicles rose by 30% overall for the month.

“As a logical result of this Tesla, despite what many Americans may think, only gets roughly 31% of its total sales from the US, with the rest essentially all from China and Europe,” Kumar observed.

Much of Tesla’s sales boost comes from the company’s decision to cut the price of its Chinese-made Model 3 and the Model Y in January, which were reduced by 13.5% and 10% respectively.

Despite Tesla’s sales growth, the company was still outperformed by competitors such as BYD, which outsold Tesla and grew its new energy vehicle sales by over 100% for the month.

The post Tesla Stock Rises Amid China Sales Boom appeared first on theprimarymarket.com.

Protests erupted across Tesla showrooms in China, where vehicle owners demanded rebates and credits for purchases made right before the price cut. This marks the second time in the past three months that the electric vehicle maker has decided to slash its prices.

Locally-manufactured Model 3 underwent a 13.5% price cut, while Model Y’s price tag was reduced by 10%. As a result, the new retail prices of the Model 3 and Model Y are $33,515 and $37,899.

In an effort to take advantage of government subsidies for EV purchases that were soon to expire, a slew of consumers purchased Tesla vehicles just before the end of 2022. As a result, many Tesla owners complained that they had overpaid for their vehicles.

Following the decision to reduce prices, the Tesla website now shows that waiting times for deliveries of the Model Y have been extended by a week. While the performance edition of the Model Y and all Model 3s still have a waiting period of one to four weeks, the Model Y’s waiting time is now two to five weeks.

The post Tesla Owners in China Protest Recent Price Cut appeared first on theprimarymarket.com.

405,278 electric vehicles were delivered by Tesla in the fourth quarter, notably exceeding the 308,600 vehicles delivered during the same period during the previous year. This figure still fell short of analysts’ estimates of 431,117 deliveries for the quarter.

Of the vehicles delivered during the fourth quarter of 2022, 388,131 were Model 3 compact sedans and Model Y sports utility vehicles. 17,147 of the vehicles were Model X and Model S luxury cars.

With 439,701 vehicles being produced during the fourth quarter, Tesla’s deliveries fell about 34,000 vehicles short of production. This comes after CEO Elon Musk stated in October that he was working to resolve ongoing logistical bottlenecks.

Tesla plans to run a reduced production schedule in January, with the company implementing a shutdown at its Shanghai branch over the Chinese new year.

The post Tesla Reports Record Deliveries, Misses Estimates appeared first on theprimarymarket.com.