Tesla is having a good start to the year in what looks like a tough Chinese automotive marketplace. The company sold 54,908 all-battery electric vehicles in February, down 39% year over year. BYD also sells plug-in hybrid vehicles...
Continue ReadingIf you're worried big-cap tech stocks are in a bubble, don't be. That's the message from legendary hedge fund manager Ray Dalio...
Continue ReadingTesla unveiled new incentives, including insurance subsidies, on Friday to woo consumers in the world's largest auto market, where the U.S. electric vehicle giant is in a protracted price war against entrenched rivals such as BYD. Customers picking up existing inventories of Model 3 sedans and Model Y SUVs by the end of March would be entitled to a maximum of 34,600 yuan ($4,807.76) worth of incentives, Tesla said in a post on its Weibo account. Among the incentives are a 8,000 yuan discount in car insurance products with partnerships with Tesla, and a 10,000 yuan discount if the buyer chooses a change of paint...
Continue ReadingEnvironmental activists are staging a protest in a forest near Berlin against plans to expand the grounds of electric carmaker Tesla's first plant in Europe and are vowing to stay in place for weeks. Between 80 and 100 activists have been camping in the forest since early Thursday, according to an initiative called “Stop Tesla.” Tesla opened the factory in Gruenheide, just outside Berlin, in March 2022 — launching a challenge to German automakers on their home turf...
Continue ReadingElon Musk files a lawsuit against artificial-intelligence start-up OpenAI and its CEO Sam Altman, alleging it has violated its founding agreement by forming a commercial partnership with Microsoft...
Continue ReadingTesla stock was falling in early trading and looks set to open down Friday. There have been pricing developments overnight both in China and the U.S. The electric-vehicle maker is offering an insurance subsidy, according to a Chinese language post on Tesla Weibo social media account...
Continue ReadingAn AI-powered ecosystem may revive Apple's growth story, but a daring electric vehicle never will...
Continue ReadingGrappling with financial woes and unfavorable market conditions, Rivian's chances of becoming an EV leader are fading by the day...
Continue ReadingTesla on Friday raised prices of certain Model Y vehicles in the United States by $1,000, according to its website. The company raised the price of its Model Y rear-wheel drive and long-range vehicles to $43,990 and $48,990, respectively. last month while replying to a post on X from Tesla saying prices would go up in March...
Continue ReadingThe company raised the price of its Model Y rear-wheel drive and long-range vehicles to $43,990 and $48,990, respectively. In February, Tesla temporarily cut prices of some of its Model Y cars in the U.S. until Feb. 29, nearly a month after it slashed prices across Europe and China. "This is the essential quandary of manufacturing: factories need continuous production for efficiency, but consumer demand is seasonal," CEO Elon Musk said last month while replying to a post on X from Tesla saying prices would go up in March...
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