Tag: Teslas
Tesla’s deepening stock rout obliterates half of meteoric 2020 rise
Reporters and guests surround the Tesla Model Y during Thailand Tesla’s official launch event in Bangkok earlier this month. (Reuters) The tailspin in Tesla shares accelerated Tuesday as a report of a plan to temporarily halt production at its China factory rekindled fears about demand risks and put the stock on pace for its
Under-$50K EVs are chipping away at Tesla’s U.S. market share
DETROIT — New electric vehicle models from multiple automakers are starting to chip away at Tesla’s dominance of the U.S. EV market, according to national vehicle registration data. But numbers collected by S&P Global Mobility show that Tesla still controlled about 65{5be0972a10a00bb621c1a18de1a801d58662e556d02921cebb422beac5e5b2fe} of the growing electric vehicle market during the first nine months of this
GM service centers now working on Teslas, says Mark Reuss
GM spent its Investor Day 2022 in New York City touting how its EV investments over the past few years are beginning to show the fruit to come. Presentation slides for automaker president Mark Reuss advertised the Chevrolet Bolt being the number one mass-market EV, production plans for one million EVs in 2025, “transparent VIN-level
Tesla’s California EV market share slips as rivals step up
SAN FRANCISCO — Tesla’s dominant market share of the electric vehicle market in California slipped again this year, according to Reuters’ calculations based on government data from January to September, as rivals up their game. Tesla controlled 73{5be0972a10a00bb621c1a18de1a801d58662e556d02921cebb422beac5e5b2fe} of the battery electric market in California from January to September, the lowest level since 2018,
Tesla’s next car to be smaller, cheaper to build, Elon Musk promises
Tesla CEO Elon Musk announced in this week’s Q3 earnings call that the company has a new, smaller platform in the works that will eventually spawn a model to slot beneath the Model 3 and Model Y. Musk said this “next-generation” platform would be only “about half the cost” to produce compared to the company’s
Flooded Teslas are catching fire in Hurricane Ian’s wake
Firefighters across the country have had to revise their vehicle fire protocols as more EVs hit the streets. Lithium-ion battery fires are notoriously difficult to extinguish using traditional fire hoses, and many fires take thousands of gallons of water to put out. Burning Teslas get all the attention, but all brands are susceptible. However, Tesla
Tesla’s AI day signals Musk’s cutting edge technologies
Tesla Inc. has long staged splashy events to generate buzz and media coverage of forthcoming — and sometimes aspirational — products. Part revival meeting, part recruiting event, the faithful get to see CEO Elon Musk speak, and investors get updates on priorities and progress. On Friday, Musk will host Tesla’s second AI Day in Palo
Will Tesla’s ZEV cretis become a hot commodity?
Tesla is sitting on a hoard of environmental credits that rival automakers may covet if they can’t adjust quickly to the new rules dictating which electric vehicles are eligible for the $7,500 federal tax credit. The Inflation Reduction Act passed in August requires automakers to assemble EVs and plug-in hybrids in North America to qualify