Tesla garners new addressable market through price cuts, incentives

Tesla’s mass-market Model 3 and Model Y are the company’s two most affordable vehicles. With new price cuts the automaker has introduced, along with several of the models’ trims qualifying for new incentives through the qualification of the Inflation Reduction Act, both the Model 3 and Model Y are reaching new addressable markets. Over the […]

The post Tesla garners new addressable market through price cuts, incentives appeared first on TESLARATI.

Wyoming’s SJ4, the state’s plan to ban EVs, falls before getting any momentum

Wyoming’s Senate Joint Resolution 4 (SJ4), a bill that encouraged a ban on the sale of electric vehicles by 2035, fell yesterday before garnering any real momentum. Wyoming Senators Jim Anderson, Brian Boner, Ed Cooper, Dan Dockstader, Representatives Donald Burkhart, Jr, and Bill Henderson sponsored a bill that encouraged the preservation of the oil and […]

The post Wyoming’s SJ4, the state’s plan to ban EVs, falls before getting any momentum appeared first on TESLARATI.

Tesla Roadster delayed as company focuses on ‘mass electrification’

The Tesla Roadster has been pushed to the back burner, according to a recent interview with Tesla head of design, Franz von Holzhausen. The Tesla Roadster has captured the imagination of countless fans since its original announcement, especially as its specifications became more ambitious. According to comments from Tesla CEO Elon Musk, not only will […]

The post Tesla Roadster delayed as company focuses on ‘mass electrification’ appeared first on TESLARATI.

Tesla’s price cuts could drive 53% volume growth this 2023: Bank of America

Bank of America analysts have noted that Tesla’s recent price cuts to its lineup of vehicles would likely result in higher sales volume growth this year. The analysts shared their stance in a note on Tuesday.  Tesla has caught headlines recently after the company initiated a round of steep price reductions for its lineup of […]

The post Tesla’s price cuts could drive 53% volume growth this 2023: Bank of America appeared first on TESLARATI.

Tesla China average daily sales increased 76% after price cuts: Merchants Bank

Data from China Merchants Bank International (CMBI) has suggested that Tesla saw a significant increase in retail sales in China recently. The boost in sales can be attributed to price cuts on the Model 3 sedan and Model Y crossover that were implemented earlier this month. Tesla saw an increase in sales in China during […]

The post Tesla China average daily sales increased 76% after price cuts: Merchants Bank appeared first on TESLARATI.

Tesla up 19 spots in 2023 World’s Top 25 Most Valuable Brands rankings

Since Elon Musk’s turbulent takeover of Twitter, sentiments among Tesla supporters and critics suggested that the EV maker’s brand had suffered greatly in the past year. As per the results of Brand Finance’s 2023 World’s Most Valuable Brands rankings, however, such sentiments may not exactly be accurate.  Headquartered in the City of London, Brand Finance […]

The post Tesla up 19 spots in 2023 World’s Top 25 Most Valuable Brands rankings appeared first on TESLARATI.

U.S. EV sales grow by 65 percent despite overall auto market decline in 2022

Sales of electric vehicles in the United States grew by 65 percent in 2022, despite a decline in total new vehicle sales for the first time since 2011, new data shows. New data from Kelley Blue Book shows that, for the first time in just over a decade, Americans bought fewer new cars than the year […]

The post U.S. EV sales grow by 65 percent despite overall auto market decline in 2022 appeared first on TESLARATI.

Tesla’s huge price cuts are hitting the stock one way and its outlook in another

Tesla (NASDAQ: TSLA) pushed huge price cuts on its vehicles in both the United States and China within the past few weeks, but the automaker’s decision is hitting the stock in one way and its outlook in another. After the Austin-based automaker slashed prices by as much as $13,000 in the United States and 13.5 […]

The post Tesla’s huge price cuts are hitting the stock one way and its outlook in another appeared first on TESLARATI.

Hertz massively expands Uber EV partnership with 25,000 more vehicles

Hertz has massively expanded the number of EVs available to Uber drivers in Europe to help both organizations achieve their respective climate goals. Hertz and Uber have had a substantial partnership in North America over the past year, which has allowed Uber drivers to rent EVs from Hertz at a discounted weekly rate. Thus far, […]

The post Hertz massively expands Uber EV partnership with 25,000 more vehicles appeared first on TESLARATI.

Tesla outlasts VW to capture 2022 EV sales crown in Germany

For the first time ever, Tesla sold the most electric vehicles out of every automaker in Germany in 2022. While Tesla, specifically the Tesla Model 3, has long found success in Germany and Europe in general, in 2022, Tesla became the top EV brand in the country, officially beating out long-time rival Volkswagen. A positive […]

The post Tesla outlasts VW to capture 2022 EV sales crown in Germany appeared first on TESLARATI.