If share price is anything to go by, Tesla is in trouble. The market capitalization of the electric vehicle (EV) company has fallen by 73% from its record high in November 2021, causing concern for investors. On the face of it, there is no crisis. The cars are still the benchmark for performance. The underlying ...
Tesla recently opened an electric car showroom in China’s Xinjiang territory, a move criticized by a manufacturing group and a U.S. lawmaker, making Tesla the latest American company to face scrutiny over its ties to a region where the Chinese government has allegedly detained scores of Uyghurs and other minority groups. On its official Weibo ...
Back in March, the Chief Executive of SpaceX, Elon Musk, tweeted that panic about COVID-19 might end up causing more harm than the virus. Two months later, he even threatened to move Tesla’s headquarters from California after the company’s factory was forced to shut down due to lockdown restrictions. Now, Musk himself seems to be ...
Tesla cars will soon have batteries that can last for a million miles. The batteries are being produced by a Chinese company called Contemporary Amperex Technology (CATL), which signed a supply agreement with Tesla in February this year. With a life of a million miles, the battery might well outlast the car itself. The million-mile ...
Xpeng, a Chinese EV startup, is expected to launch its battery-powered P7 car this year. China’s Ministry of Industry and Information Technology (MIIT) recently rated the vehicle with a range of 706 kilometers (424 miles). This has made some netizens claim that the Xpeng P7 has the longest EV range in the world, beating even ...
Last month, Elon Musk’s Tesla hit a market value of US$100 billion for the first time in history. As of now, the company’s market value is hovering around US$140 billion. Tesla has officially overtaken Volkswagen as the second most valuable carmaker in the world, with Japan’s Toyota being the only challenge ahead. Rising Tesla ...
As Tesla stock prices breached US$500 for the first time in history this month, market analysts have become quite bullish on the company’s prospects. One money manager even predicts that Tesla is going to hit US$6000 per share. Bullish view Colin Rusch of Oppenheimer raised his Tesla price target to US$612 and gave the stock ...
Pre-orders for Tesla’s China-manufactured model attracted huge traffic to its website with the car’s launch in China. The company is projected to start deliveries to customers in China from its domestic plant within the next 6-10 months. Tesla launch in China At present, all cars sold by Tesla in China are imported from the U.S. ...
Fans of Tesla have long speculated whether the company will ever release an affordable variant of its electric car or if it will only ever cater to the high-end segment of the market. A tweet by Elon Musk seems to confirm that a Tesla mini-car, which could turn out to be far cheaper than the ...
As Tesla, Inc. hit their production target for the Model 3 car, it also lost one of its best engineers just a few days before. And to make matters worse, the production target seemed to have been achieved by pushing workers to extremes. Leaving Tesla Doug Field, who was the chief vehicle engineer at Tesla, ...
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