Tesla is rumored to be looking to invest in Nuevo Leon, a Mexican state bordering Texas, as CEO Elon Musk meets with the governor. Earlier this year, people crossing the border between Texas and Nuevo Leon were surprised to see not just the usual marked lanes for cars and trucks but also one marked “Tesla”… Continue reading Tesla is rumored to be looking to invest in Mexico
Tag: Tesla
Toyota struggles with EV shift, considers changing plans due to Tesla
Toyota is struggling with its shift to electric vehicles, and it is reportedly considering major changes in its EV plans driven by Tesla’s manufacturing strategy. However, it may slow down some of its existing electric vehicle programs. For years, we have been reporting on how Toyota has been lagging behind the competition in the shift… Continue reading Toyota struggles with EV shift, considers changing plans due to Tesla
Tesla releases software update with improved charging efficiency and more
Tesla has released a new software update (2022.40.1) that delivers improved charging efficiency for faster charge time and reduced energy costs, along with a few other goodies. Some Tesla owners are waking up to a new software update bringing new features and capabilities to their vehicles. All Tesla vehicles built over the last 10 years… Continue reading Tesla releases software update with improved charging efficiency and more
Nio, BYD and other Chinese EV stocks fell sharply amid sell-off
Nio began deliveries of its new ET7, an upscale electric sedan, on Monday, March 28, 2022. Nio U.S.-traded shares of Chinese electric vehicle makers were among those hit by a dramatic sell-off Monday, as investors soured on non-state-run Chinese companies following a weekend of dramatic political developments in China. Shares of Li Auto ended the… Continue reading Nio, BYD and other Chinese EV stocks fell sharply amid sell-off
Chinese EV maker Xpeng debuts most advanced semi-autonomous driving system to rival Tesla
Xpeng showed off its forthcoming G9 SUV at the Chengdu auto show in August 2022. China News Service | China News Service | Getty Images Chinese electric carmaker Xpeng on Monday revealed its most advanced semi-autonomous driving system as it looks to boost appeal for its vehicles amid rising competition. Xpeng took the wraps off… Continue reading Chinese EV maker Xpeng debuts most advanced semi-autonomous driving system to rival Tesla
Tesla shares closed down 1% after Elon Musk’s EV firm cuts price of cars in China
Tesla CEO Elon Musk attends an opening ceremony for Tesla China-made Model Y program in Shanghai, east China, Jan. 7, 2020. Ding Ting | Xinhua News Agency | Getty Images Tesla shares slipped as much as 7% Monday morning after the company cut the price of some of its cars in China. They were down more… Continue reading Tesla shares closed down 1% after Elon Musk’s EV firm cuts price of cars in China
Tesla cuts China prices up to 9% as analysts warn of ‘price war’
SHANGHAI (Reuters) — Tesla has cut starter prices for its Model 3 and Model Y cars by as much as 9% in China, reversing a trend of increases across the industry amid signs of softening demand in the world’s largest auto market. The price cuts, posted in listings on the electric vehicle (EV) giant’s China website… Continue reading Tesla cuts China prices up to 9% as analysts warn of ‘price war’
3 Auto Stocks Set for Q3 Earnings Beat Amid Inflationary Woes
The third-quarter earnings season for the Auto-Tires-Trucks sector kicked off last week. Two of the S&P 500 sector components have released quarterly results so far. These include electric vehicle (EV) king Tesla TSLA and auto replacement parts provider Genuine Parts Company GPC. The profitability picture thus far looks resilient in the face of headwinds (including supply chain… Continue reading 3 Auto Stocks Set for Q3 Earnings Beat Amid Inflationary Woes
Tesla cuts prices in China on concern over softening demand
In a reversal following a series of hikes his year, Tesla (TSLA) is now cutting prices in China. The automaker cut prices across the board for its offerings in China, with the entry-level Model 3 sedan dropping by nearly 5% to 279,000 yuan, and the entry level Model Y SUV’s price coming down by 9%… Continue reading Tesla cuts prices in China on concern over softening demand
Tesla cuts prices in China on concern over softening demand
In a reversal following a series of hikes his year, Tesla (TSLA) is now cutting prices in China. The automaker cut prices across the board for its offerings in China, with the entry-level Model 3 sedan dropping by nearly 5% to 279,000 yuan, and the entry level Model Y SUV’s price coming down by 9%… Continue reading Tesla cuts prices in China on concern over softening demand