Tesla’s price cuts in China dropped sales of competing domestic electric vehicle makers Nio, Li Auto, and Xpeng by as much as 60 percent in January. Nio, Li Auto, and Xpeng all showed significant drops in both monthly and year-over-year sales comparisons in January after Tesla stroked demand by dropping prices by as much as […]
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Indonesian President Joko “Jokowi” Widodo believes that Indonesia has a serious chance at securing a deal with American electric vehicle maker Tesla for a potential production facility in the country. Indonesia has offered the EV maker a number of incentives, including tax incentives and permission to mine nickel. Indonesia has been working hard to attract […]
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It appears that Tesla China will be unleashing the might of Gigafactory Shanghai, its largest and most efficient vehicle production plant by volume, for the next two months. Giga Shanghai is reportedly looking to raise its weekly output to nearly 20,000 vehicles for February and March, allowing Tesla China to address the rising demand for […]
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While competitors such as Tesla and Ford have initiated price cuts on their most popular all-electric vehicles, veteran automaker General Motors (GM) has noted that it intends to keep its EVs’ prices at their current level. Earlier this month, US electric vehicle leader Tesla initiated a round of aggressive price cuts to its entire vehicle […]
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It does appear that Tesla is steadily making progress in the development and upcoming production of the Cybertruck. This was hinted at by CEO Elon Musk, who noted that he recently reviewed the all-electric pickup truck’s production beta. Musk’s recent comment about the Cybertruck came as a response to a post on Twitter from a […]
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Tesla’s next electric vehicle production plant could end up near the Felipe Angeles International Airport (AIFA), according to Mexican officials. Mexican Presidential Spokesman Jesus Ramirez said, “Tesla is looking at investing in that area to take advantage of AIFA,” as it could allow the company to export by air travel. “Tesla will invest there…in an […]
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General Motors (NYSE: GM) has announced its earnings for Q4 and Full Year 2022, beating consensus expectations and detailing its 2023 electric vehicle outlook. GM made waves in the auto industry earlier this month after it was revealed that the American auto group had finally overtaken Toyota as the United States’ highest-producing automaker, selling 2.27 […]
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Tesla may be backtracking on its belief in the long-term benefits of investing in Bitcoin after losing over $200 million on the investment last year. The language that has appeared in past 10-K documents filed by the automaker that seems to show a bullish attitude toward investing in cryptocurrencies is no longer there. Early in […]
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General Motors (GM) announced today that it would make an equity investment of $650 million with Lithium Americas to extract lithium at the Thackers Pass mine in Nevada. GM has set a renewed and aggressive EV production goal by introducing its first EV models following the Chevrolet Bolt, Bolt EUV, and GMC Hummer EV. To […]
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Tesla’s employee headcount grew by 23 percent in 2022, while other tech companies eliminated positions due to economic conditions. In 2022, layoffs hit the tech sector hard, as companies like Google, Twitter, Facebook/Meta, and others eliminated employees to save money with the threat of a recession looming. Tesla was one of those companies, but its […]
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