American electric vehicle maker Tesla has lowered prices on its entire Model S3XY lineup in the United States, with some vehicle variants receiving as much as 20% off their previous price. The strategy has had a ripple effect across the automobile industry, and it has put pressure on competitors in the EV sector. Tesla’s price…
Tesla’s (NASDAQ:TSLA) fourth-quarter and full-year 2022 earnings call is a couple of days away, and investors of the company are already posting their questions for the event’s Q&A session. Similar to past earnings calls, Tesla is gathering inquiries from investor communications platform Say. As of writing, Say’s webpage for the Tesla Q4 and FY 2022 earnings…
Tesla China’s team is arguably among the company’s hardest workers. Through the challenges of 2022 — from strict Covid lockdowns to severe supply chain issues — the Tesla China team pulled through. Tesla has dubbed Giga Shanghai as its primary vehicle export hub, and the facility truly played its role without fail last year, despite…
Tesla’s recent price adjustments are no joke. With one swift stroke, Tesla effectively made its vehicles like the Model 3 sedan and Model Y crossover into some of the most competitive electric cars in the market. Inasmuch as Tesla would likely be seeing a wave of new vehicle orders this year due to its more affordable prices,…
The price war that Tesla initiated when it lowered the prices of its entire S3XY lineup definitely seems to be affecting other automakers. Similar to other automakers such as Tesla, Lucid’s 2022 was quite challenging. The company reported that it was able to produce a total of 7,180 vehicles over the course of 2022. Full-year deliveries for…
Step by step, Tesla is getting closer to the Cybertruck’s initial production. This is hinted at by the assembly of the vehicle’s 9,000-ton Giga Press at Gigafactory Texas, and, more recently, the apparent delivery of casting molds for the upcoming all-electric pickup truck. To state that the Cybertruck is a vehicle that captures the attention of many…
Tesla sponsored a sustainability project for the Allen Temple Baptist Church in Oakland, California. The project required over 1,650 in person-hours to be completed. Additionally, the preparation, installation, and solar panels were valued at $720,000. The church noted that Tesla’s investment would yield more than $285,000 in electricity saving over the next ten years. This…
Elon Musk was asked whether short sellers were an issue for Tesla as a public company when he took the stand during his trial centered on his “funding secured” tweet from 2018. On August 7th, 2018, he tweeted that he was considering taking Tesla private at $420. “Funding secured,” he said. Tesla investors are suing…
Tesla stock (NASDAQ: TSLA) is trading in the green once again on Friday. Is 2023 the year it will cancel out the steep decline the stock felt last year? Judging by Tesla stock’s performance so far this year, it very well could be. After falling over 60 percent in 2022 following relatively skeptical investor sentiment…
Tesla interest skyrocketed on Edmunds following the automaker’s decision to cut prices. In early January, Tesla cut prices across its vehicle lineup by as much as $13,000 in a move that has evidently skyrocketed consumer interest. With electric vehicles scaling back costs by over 5 percent last month on average, Tesla’s move to cut its prices considerably has resulted…