HomeTagsTesla

Tag: Tesla

EV Sales Hit Record in Q3

Automotive research firm Kelley Blue Book (KBB) reported that electric vehicle (EV) sales in the United States exceeded 313,000 in the third quarter. KBB's parent company Cox Automotive revealed that the EV market share has hit 7.9%; its highest-ever level and a significant rise...

Tesla Q3 Deliveries Miss Estimates

Electric Vehicle (EV) automaker Tesla missed market estimates for its deliveries in the third quarter. After reducing production because of planned factory shutdowns, the company delivered 435,059 vehicles in Q3, falling short of Wall Street estimates of 454,100 vehicles according to 19 analysts polled...

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...

Tesla Unveils First Electric Pickup

Electric vehicle maker Tesla revealed on Saturday that its first production Cybertruck electric pickup truck has finally come off the assembly line, two years after it was scheduled for release. Unveiled in 2019, company CEO Elon Musk stated that production on the truck was expected...

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...