Tag: Tesla

Tesla’s car orders in China were nearly cut in half last month, according to a new report

Tesla orders in China fell from 18,000 to 9,800 between April and May, The Information reported. China represents a crucial market for the electric carmaker, but the company has faced headwinds. Tesla’s reputation has taken a hit in the country due to safety concerns surrounding its vehicles. See more stories on Insider’s business page. Tesla’s… Continue reading Tesla’s car orders in China were nearly cut in half last month, according to a new report

Tesla stock drops 5% on report saying China orders halved in May (TSLA)

Tesla CEO Elon Musk Win McNamee/Getty Images Tesla shares extended early losses to as much as 5% on Thursday after reports of a China sales drop. The Information reported Tesla sales in China fell to roughly 9,800 in May, down from more than 18,000 in April. China sales accounted for 29% of Tesla’s global sales… Continue reading Tesla stock drops 5% on report saying China orders halved in May (TSLA)

Tesla’s global market share fell to its lowest level in over 2 years as electric car competition heats up

Tesla’s market share of the global electric-car market fell to 11% in April. The electric-car company’s lead in the US is also narrowing, as Ford and GM build their own EVs. Tesla’s stock fell to its lowest level in three weeks following the news. See more stories on Insider’s business page. Tesla’s grip on the… Continue reading Tesla’s global market share fell to its lowest level in over 2 years as electric car competition heats up

Owners of Teslas and other EVs are getting hundreds of new fast-charging stations at 7-Eleven stores across North America

Electric vehicle drivers will soon have a few hundred new places to top up their batteries. 7-Eleven plans to install 500 fast-charge ports at select convenience stores before 2023. The company says the ports will give it “the largest and most compatible” system of any US retailer. See more stories on Insider’s business page. Driving… Continue reading Owners of Teslas and other EVs are getting hundreds of new fast-charging stations at 7-Eleven stores across North America

Tesla recalls nearly 8,000 Model 3 and Model Y vehicles over faulty seat belts (TSLA)

Tesla is issuing two recalls that cover nearly 8,000 vehicles with potentially faulty seat belts.  One recall covers vehicles with front seat belts that may be improperly secured to the body.  This week, Tesla said it’s recalling nearly 6,000 cars with potentially loose brake caliper bolts.  See more stories on Insider’s business page. Tesla is… Continue reading Tesla recalls nearly 8,000 Model 3 and Model Y vehicles over faulty seat belts (TSLA)

Tesla gives over $3 million to Canadian researchers to develop cheaper, longer-lasting battery cells

Tesla has donated over $3 million to a Canadian battery research team that it has been working with to develop cheaper, longer-lasting battery cells for its electric vehicles. Tesla Advanced Battery Research For the past five years, Tesla has been working with a battery research group in Canada, also known as Jeff Dahn’s research team,… Continue reading Tesla gives over $3 million to Canadian researchers to develop cheaper, longer-lasting battery cells

Tesla (TSLA) crashes after insider report that new orders in China are free-falling

Tesla’s stock (TSLA) crashed in mid-afternoon after a report came out claiming that an inside source confirmed new orders are free-falling in China, an important market for Tesla. The reported in question came out of The Information, and it is behind a paywall. Based on an unnamed source, the publication claimed that Tesla’s net new… Continue reading Tesla (TSLA) crashes after insider report that new orders in China are free-falling

Tesla recalls over 5,000 Model 3 and Model Y vehicles over seat belt issues

Tesla has to issue two separate recalls on over 5,000 Model 3 (2018-2020) and Model Y (2019-2021) vehicles due to two separate seat belt problems. In the first recall notice posted to NHTSA’s website this week, Tesla disclosed a potential problem with 5,530 Model 3 and Model Y vehicles that could have improperly attached seat… Continue reading Tesla recalls over 5,000 Model 3 and Model Y vehicles over seat belt issues