Tesla is offering a $5,000 increase in trade-in value on older Model S and Model X vehicles with unlimited Supercharging enabled. Last month, we reported that Tesla was trying out a new Ownership Loyalty Program incentive requiring Model S and Model X owners to trade in their vehicles. This offer would add $3,000 to the trade-in value,…
Tesla has initiated a recall for 362,758 vehicles equipped with the company’s Full Self-Driving (FSD) Beta system. The recall was posted on the National Highway Traffic Safety Administration’s (NHTSA) official website. The FSD Beta recall covers certain 2016-2023 Model S, Model X, 2017-2023 Model 3, and 2020-2023 Model Y vehicles that are equipped with the…
The BMW i7, BMW’s newest EV offering, dominates its gas counterpart alongside other BMW Group luxury EVs. BMW is defined by its luxury offerings. Its headlining brand, BMW, has dominated the global premium car market for years, and with its newest EV offerings, it looks like it is doing the same. According to BimmerToday, the recently released BMW…
New data has confirmed that Tesla has indeed overtaken BMW as the United States’ top luxury vehicle maker in 2022. The race was not close either, especially considering the trends exhibited by the two companies. While speculations were already high that Tesla ended 2022 as the country’s number one luxury car maker, new data from…
Well-known Berkshire Hathaway fund manager Charlie Munger argues that BYD is beating Tesla in China, but the actual market situation seems more complex. Besides being incredibly well known for his investment prowess at Berkshire Hathaway alongside Warren Buffet, Charlie Munger is known for his massive investment into BYD. Under his and Buffet’s leadership, Berkshire Hathaway invested…
The Tesla Giga Berlin battery plant has been put into operation. The update was related by Brandenburg Economics Minister Jörg Steinbach (SPD) on Wednesday. While speaking at the state parliament, Steinbach clarified that Tesla is only producing individual battery components at Giga Berlin’s battery facility, unlike the company’s original plans. It is believed that Tesla…
Tesla’s price cuts and the electric vehicle maker’s volatile purchase prices have received some criticism from Renault CEO Luca de Meo. The CEO noted that Tesla’s pricing strategy could very well damage customer confidence in the value of their electric cars. Tesla is unlike other carmakers in the market, and it shows in the way…
While Elon Musk’s fall from his seat as the world’s wealthiest person by net worth was due to a steep decline in Tesla stock (NASDAQ:TSLA), the electric vehicle maker’s shares are also the reason why the CEO is now poised to recapture the title. Tesla shares have surged 74% this year, especially following the company’s…
Dozens of employees from Giga New York were laid off by Tesla on Wednesday, as per a complaint filed by union organizers. The terminations were implemented one day after a union campaign was announced by Autopilot workers at the plant. The Workers United union noted in its filing with the US National Labor Relations Board…
Aerial footage of The Boring Company’s site in Bastrop, Texas, has shown that the tunneling startup is busy with what appears to be a new test tunnel. A short video taken of the site suggests that The Boring Company’s tunneling technology is inching forward. Like other Elon Musk-related endeavors, The Boring Company has goals that…