On Monday, a federal jury in San Francisco noted that Tesla must pay about $3.2 million to Owen Diaz, a former employee who won a racial harassment lawsuit against the electric vehicle manufacturer. This amount is significantly lower than the $15 million Diaz rejected last year in favor of a new trial. Back in 2021,…
The Tesla Model Y sextupled the closest EV competitor in sales in Denmark, dominating the country’s electric vehicle sector in March. Tesla’s all-electric crossover sold 3,203 units in March, industry data showed, while the closest competitor, the Peugeot 208 was sold 516 times. The Model 3, also from Tesla, was the third best-selling EV in…
Tesla’s growth over the past few years has been built on the back of the Model 3 sedan and the Model Y crossover. But for Tesla to reach its self-imposed target of 20 million vehicles per year by the end of the decade, the company needs to come up with a lower-priced car that could…
Data released today by the China Passenger Car Association (CPCA) revealed that Tesla China’s wholesale results were 88,869 units in March 2023. The number marks a 35.03% improvement from the 65,814 vehicles sold in the same month last year. Tesla China’s March results also represent a 19.44% increase from February 2023’s 74,402 vehicles. It should…
Tesla cut the prices of the Model Y and the Model 3 in Australia right after rolling out the Model Y Long Range down under. After releasing a stellar delivery and production report in the first quarter, Tesla rolled out the Model Y Long Range to two new markets: Japan and Australia. It isn’t stopping there,…
Tesla (NASDAQ:TSLA) analyst Dan Ives from Wedbush predicted that the company has room for more price cuts in the short term. During an interview, Ives explained Tesla’s current situation and its valuation. Dan Ives stated that Tesla had to ultimately “rip the band-aid off,” referring to the company’s price cuts. “I think that was the…
A few days ago, Tesla China teased a new product with a cryptic poster that featured the word “CyberVault” front and center. Teasers mentioned in the poster suggested that the CyberVault may be related in some way to the company’s vehicle charging solutions. While it was fun to speculate about what the CyberVault could be,…
There was no doubt that Tesla delivered a record number of vehicles in the first quarter of 2023. What was quite confusing, however, was whether the electric vehicle maker exceeded or fell short of analyst expectations. This became a pain point online, as reports following the company’s release of its Q1 vehicle delivery and production…
Tesla Giga Shanghai’s main competitor in China, BYD, sold 552,076 new energy vehicles (NEVs) in the first quarter of 2023. BYD’s NEV sales are up 92.81% year-over-year, but down 19.22% compared to Q4 2022. In January 2023, BYD sold approximately 151,341 NEVS. While in February, the Chinese automaker sold precisely 193,655 new energy vehicles. And…
Stellantis recently announced its plans to produce electric commercial vans in Portugal. The OEM’s CEO Carlos Tavares stated that Stellantis’ Mangualde Production Center in Portugal will produce battery electric light commercial vehicles (LCV). “We are proud to announce that Mangualde will enter a new era with the production of large series of battery electric vans in Portugal…