Tesla’s sales of China-made vehicles grew 29% from April to May. It sold 33,463 vehicles in May, including exports and locally sold cars. China is one of Tesla’s largest and most critical markets. See more stories on Insider’s business page. Tesla sold 33,463 China-made electric cars in May, including exports, a 29% jump from April,… Continue reading Tesla’s China-made car sales surged 29% in May after an April drop (TSLA)
Tag: Tesla
The US wants to fix its broken lithium battery supply chain
The US announced plans to build out a domestic supply chain for lithium batteries, which are critical for electric vehicles and renewable energy. Its new goal is to be able to do nearly everything — from mining to manufacturing and recycling batteries — within its borders by the end of the decade. If it fails,… Continue reading The US wants to fix its broken lithium battery supply chain
Trucks VC launches two new funds for early and late-stage transportation startups
Trucks Venture Capital, a fund that focuses on early-stage entrepreneurs in transportation, is launching two new funds that it says will help build the future of transportation. Its new core fund, Trucks Venture Fund 2 (TVF2), was raised over the last year and recently closed on $52,525,252. The fund is backed by three auto OEMs… Continue reading Trucks VC launches two new funds for early and late-stage transportation startups
Tesla’s new ‘deep crimson’ color spotted on a Model S body at Fremont Factory
Tesla hasn’t released a new vehicle color for a long time, but a new “deep crimson” color could be coming as it was spotted on a new Model S body at its Fremont Factory. Back in the early days of the Model S, Tesla used to offer a variety of colors, but the automaker decided… Continue reading Tesla’s new ‘deep crimson’ color spotted on a Model S body at Fremont Factory
EV battery swapping: Better idea or big boondoggle?
Why is the idea of battery swapping so persistently popular in the mainstream press? Perhaps it’s because people who’ve never driven an EV imagine that it needs to be like driving a legacy vehicle, with periodic stops at public stations to quickly refuel. Those who are actually involved in the EV industry tend to be… Continue reading EV battery swapping: Better idea or big boondoggle?
Auto Stock Roundup: BWA and SMP’s Buyout Updates, AAP’s Q1 Earnings & More
Last week, various auto giants unveiled May 2021 sales reports. Sales numbers were strong, thanks to the rising demand for vehicles amid preference for personal mobility, widespread vaccination drive, massive federal aid and the reopening of activities. Quite a few auto biggies that still report sales on a monthly basis enjoyed double-digit year-over-year sales growth… Continue reading Auto Stock Roundup: BWA and SMP’s Buyout Updates, AAP’s Q1 Earnings & More
CarInsurance.com Offers User Friendly Auto Insurance Estimator Tool
FOSTER CITY, Calif., June 8, 2021 /PRNewswire/ — Finding the right car insurance, and knowing how much to buy, can be a confusing process for many drivers. To simplify this process, CarInsurance.com, a one-stop destination for unbiased, expert advice on car insurance, shares an auto insurance estimator tool that gives drivers baseline costs calculated from… Continue reading CarInsurance.com Offers User Friendly Auto Insurance Estimator Tool
EV Investors Driven Toward Xpeng’s Growth Potential
Chinese EV player Xpeng (XPEV) has been a long-time EV player in China, but is a relatively recent addition to the NYSE. The company’s listing in 2020 ignited a ton of anticipation. Indeed, this EV player has seen its stock price go on quite the ride since being publicly listed. Since the company’s $15 IPO… Continue reading EV Investors Driven Toward Xpeng’s Growth Potential
Dow Jones Today Lags, Nasdaq Tests 14,000 As Tesla Climbs On China Sales, Apple Enters EV Battery Talks
TipRanks Nio: European Opportunity Beckons European automakers, or more specifically, German ones, have historically claimed a big chunk of the premium auto market. Where luxury and performance are concerned, it has been hard to beat brands such as Audi, BMW, and Mercedes-Benz. Now, however, with the arrival of electric vehicles (EVs), even the top-end auto… Continue reading Dow Jones Today Lags, Nasdaq Tests 14,000 As Tesla Climbs On China Sales, Apple Enters EV Battery Talks
Tesla climbs after car sales in China jump 29% in May (TSLA)
Tesla’s Model 3. Feature China: Barcroft Media via Getty Images Tesla shares rose by more than 3% on Tuesday after data showed the company’s sales in China increased 29% in May. The rise in May sales follows a pullback in demand that was logged in April. Tesla should be on track for a 300,000 run-rate… Continue reading Tesla climbs after car sales in China jump 29% in May (TSLA)