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Tag: Tesla

Tesla cuts prices for Model Y, X, S cars
Business

Tesla offers $500 discount on EVs in China

Tesla announced on Friday that it will offer new customers of its top-selling electric vehicles in China a cash bonus of about $500 if they have a reference from an existing owner.  This has intensified a price war in the world’s largest EV market as he also stated that new customers will get free access to the […]

Tesla self driving vehicle'll arrive Q2 2023 - Elon Musk
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Tesla self driving vehicle’ll arrive Q2 2023 – Elon Musk

Tesla CEO, Elon Musk, revealed that the electric car giant is on track to achieve fully autonomous vehicles “later this year.” Speaking at the opening ceremony of an artificial intelligence conference in Shanghai via video link, Musk expressed confidence in Tesla’s progress toward achieving full self-driving capabilities without human supervision. “I think we are very […]

Tesla deliveries hit record 466140 in Q2 2022
News

Tesla deliveries hit record 466140 in Q2 2022

Pioneering US automaker, Tesla, has defied market challenges and exceeded analyst projections in the second quarter, reporting a remarkable delivery of 466,140 vehicles, according to its recently released earnings report. This impressive figure represents an 83 percent surge compared to the same period last year and a 10 percent increase from the previous quarter. Industry […]

Smart TVs will eventually offer X's Long-Form Videos - Elon Musk
News

Elon Musk reclaims spot as world’s richest man

The CEO of Tesla, Elon Musk, now has a net worth of about $233 billion, surpassing Bernard Arnault, CEO of LVMH, who has a net worth of $202 billion, according to an updated Bloomberg Billionaires Index report. Since Arnault first won the top spot in March of this year, Elon and Arnault have been locked […]

Elon Musk discloses plans for self-driving cars
Business

How Twitter CEO appointment’ll help Tesla- Analysts

Analysts have said the recent appointment of a new CEO for Twitter would help the tech leader, Elon Musk eliminate a significant distraction and give ample time to concentrate more on Tesla Inc. The electric vehicle giant, Tesla has been struggling with declining demand for its electric vehicles which has since 2023 caused variation in […]

Elon Musk discloses plans for self-driving cars
Business

Tesla increases model prices in the US

Tesla has increased the prices of its Model S, X, and Y electric vehicles in the United States by a low digit per cent, but they are still considerably lower than at the beginning of the year. Based on the company’s website, it raised the prices of all versions of its higher-priced Model S and […]

Ford set to reduce electric Mustang Mach-E price
Business

Ford set to reduce electric Mustang Mach-E price

Ford has announced that it will reduce the cost of its Mustang Mach-E by a range of $1,000 to $4,000. The reductions will result in the vehicle’s starting price falling between $42,995 and $59,995. According to CNBC, the reductions represent the most recent price adjustments to the EV sector after many price changes for Tesla vehicles this year. The […]

Elon Musk discloses plans for self-driving cars
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Tesla short sellers make $2bn in April 

A research firm, S3 Partners, reported on Wednesday that short sellers of Tesla have made $2.16 billion in profits from mark-to-market for the month of April. However, short sellers are still experiencing $5.52 billion in mark-to-market losses for the year so far. The term mark-to-market means calculating the current value of an asset or liability […]

Business

Angry Tesla Shanghai employees confront Elon Musk over bonus cuts

After learning about reductions in their performance bonuses over the weekend, Tesla’s Shanghai manufacturing employees resorted to social media to appeal to Elon Musk and the Chinese public. A number of the posters criticized Tesla for the changes and claimed they thought the deductions were related to a deadly accident that occurred at the plant, […]

Elon Musk discloses plans for self-driving cars
Business featured

Elon Musk’s Tesla sued for privacy violation

A Tesla owner from California has filed a class action lawsuit against the electric carmaker for infringing on customers’ privacy.  As reported by Reuters on Thursday, Tesla employees had been privately sharing “highly invasive videos and images” taken by the car cameras between 2019 and 2022. The lawsuit was filed by a San Francisco resident, […]

Elon Musk discloses plans for self-driving cars
Business

Tesla cut EVs prices fifth time in 2023

Tesla’s website revealed on Thursday that the Electric Vehicles giant has reduced prices on its vehicles in the United States by between 2% and nearly 6% which makes it the fifth reduction in 2023. According to Reuters, the electric vehicle giant has been cutting prices in its largest market since the beginning of this year. […]

Tesla awaits approval to launch smart driving feature in China
News

Tesla’s China-made EVs hit 35% increase with 88,869 sales

Tesla’s China-made electric vehicles continue to gain momentum in the country, as the company sold 88,869 units in March, according to data from the China Passenger Car Association. The figure represents a 35% increase from last year’s sales and a 19.4% increase from February. The majority of Tesla’s China-made sales in March were Model 3 […]