Key Points 🚗 Mercedes-Benz is relying on sales of its internal combustion engine (ICE) vehicles to boost earnings. ⚡ The electric vehicle (EV) sector is described as “brutal,” and EV margins are at the lower end of Mercedes-Benz’s goals. 💰 Mercedes-Benz reported Q3 earnings and plans to maintain its EV goals but seeks better returns…
Key Points 🇪🇺 Tesla is not under scrutiny in the EU electric vehicle probe investigating subsidy manipulation from vehicles imported from China to Europe. 🚗 The EU is examining whether subsidies provided to vehicles exported from China are fair, but Tesla is not part of the investigation. 🚫 Instead, BYD, SAIC Motor, and Geely will…
Key Points 🚗 Tesla is still in talks with Indonesia about potential investment. 🌎 Tesla has been expanding globally with Gigafactories in China, Germany, and Mexico. 🇮🇩 Indonesia is considered a significant potential player for a Tesla facility. 🌧 Elon Musk expressed concerns about unfavorable macroeconomic conditions and high-interest rates. 🤝 Indonesian President Joko Widodo…
Key Points 📈 Volkswagen’s EV deliveries increased by 45% from January to September 2023. 🚗 VW delivered 531,500 EVs in the first nine months, making up 7.9% of total deliveries. 🇪🇺 Europe was the main driver of BEV growth with a 61% increase, while BEV deliveries in the U.S. rose by 74% and in China…
Key Points ⚙️ Tesla faces a potential strike notice from IF Metall, a Swedish company, if the automaker refuses to sign a collective agreement. 🤝 Tesla and IF Metall recently met with mediators to discuss the agreement, but Tesla maintained its decision not to sign. 🇸🇪 The strike is motivated by IF Metall’s desire to…
Key Points 📈 Tesla has increased the price of the Model Y Long Range in the United States by $500, making it $48,990 before options. 🌐 In the US, the Model Y now costs $43,990 for the Rear Wheel Drive version, $48,990 for the Long Range Dual Motor All Wheel Drive, and $52,490 for the…
Key Points 🚗 Tesla has introduced a new color for the Model S and Model X called “Stealth Grey.” 🎨 This is the second color addition for these models in 2023, with “Ultra Red” being the other new option while “Red Multicoat” was removed. 🛠️ Midnight Grey has been removed for the Model S and…
Key Points 🚗 Tesla has started delivering the Model 3+ “Highland” in the Netherlands. 🌍 The Model 3+ deliveries began in Europe a few months ago and have been spreading to various countries in Europe and the Middle East. 🏭 The Model 3+ production has been ramped up at Gigafactory Shanghai. 🚚 Tesla has been…
Key Points 🚧 General Motors has delayed the opening of its Ultium Cell production plant in Tennessee due to construction delays. 🔌 The Ultium project aims to enable a new platform of EVs for GM, increasing affordability and charging times while enhancing vehicle longevity. 💼 GM is planning to increase starting wages for production operators…
Key Points 📉 Tesla’s price cuts in the third quarter posed challenges for rental company Hertz. 🚗 Hertz had a deal with Tesla for 100,000 vehicles in 2021, but the price swings affected its Q3 earnings and caused it to miss profit estimates. 📊 Hertz plans to slow down its EV adoption to manage costs…