💡 Elon Musk reiterates Tesla’s willingness to license its Full Self-Driving (FSD) suite to other automakers. 🚗 Tesla’s FSD is considered one of the most advanced driver-assist systems available, particularly with the rollout of FSD (Supervised) for inner-city streets. 🛣️ While driver-assist systems from other automakers often have limitations and are primarily available on freeways,…
💼 Tesla introduces upgraded Model 3 and more variants of Model Y in South Korea, expanding its offerings in the market. 💰 Pricing for the upgraded Model 3 in South Korea starts at ₩51,990,000 ($38,500) for the Rear Wheel Drive (RWD) version. 🚗 Model Y Long Range Dual Motor All Wheel Drive (AWD) starts at…
💼 LG Energy Solution (LGES) plans to begin hiring workers for its Arizona battery manufacturing complex by the end of 2024. 🏭 The Arizona battery manufacturing complex represents a transformative investment, with lasting impacts on Arizona and the broader clean energy sector. 🚀 LGES is on track to complete the $5.5 billion battery manufacturing complex…
🚗 Tesla surpassed Mercedes-Benz to become South Korea’s second-largest vehicle importer in March 2024. 📈 South Korea saw a 6% increase in newly registered imported vehicles in March 2024 compared to March 2023. 🏎️ Tesla accounted for 6,025 units out of 25,263 imported vehicles registered in South Korea in March 2024. 🥇 BMW was the…
💰 Tesla China introduces new incentives for Model 3 and Model Y customers. 📉 Incentives include low downpayment offers and zero-interest loans to boost vehicle sales. 🚗 Customers can enjoy three years of interest-free benefits with a downpayment of RMB 80,000 ($11,000) for Giga Shanghai-made Model 3 and Model Y if ordered before the end…
🚗 Tesla Model Y became Sweden’s most registered car in March 2024 with 2,011 registrations. 🔝 Volvo XC60 followed with 1,079 registrations, and Volvo S/V60 with 888 registrations. 📉 Tesla Model Y saw a 37.2% year-over-year decline in March 2024. 📈 Volvo XC60 experienced a 28.6% year-over-year increase, and Volvo S/V60 saw a 97.8% increase.…
💼 SAIC plans to cut thousands of jobs from its joint ventures with General Motors (GM) and Volkswagen. 🛠️ The automaker intends to cut 30% of employees at SAIC-GM and 10% of workers at SAIC Volkswagen, along with layoffs at its Rising Auto EV subsidiary. 📉 Job losses in state-owned Chinese companies are rare, but…
💼 Tesla will announce its financial results for Q1 2024 on April 23, 2024. 📅 The Q1 2024 earnings call will take place at 4:30 p.m. CT (5:30 p.m. ET) on the same day. 🚗 Tesla produced over 433,000 vehicles and delivered approximately 387,000 vehicles in Q1 2024. 📉 Q1 2024 vehicle deliveries fell below…
💼 Hyundai Motor of America’s EV sales for Q1 2024 surged by 62% compared to Q1 2023. 📈 The automaker reported a 100% growth in EV sales for the same period. 📅 Record-breaking March sales contributed to Hyundai’s overall performance, with 76,920 units sold. 🚗 The IONIQ 5 electric vehicle emerged as a consumer favorite,…
💰 RBC Capital values Tesla’s progress in autonomy (FSD) more than its car business. 📈 RBC Capital sees Tesla’s one-month free FSD trial as potentially boosting Q2 2024 performance. 🏎️ Tesla’s Q1 2024 deliveries saw an 8.5% year-over-year decline. 🌍 Factors affecting Tesla’s Q1 deliveries include factory shutdowns and shipping issues. 🚗 RBC Capital predicts…