💰 Tesla is increasing compensation for its AI engineering team to retain talent. 🤖 Elon Musk’s artificial intelligence startup, xAI, gained a Tesla engineer who was originally going to join OpenAI. 🎯 OpenAI has been aggressively recruiting Tesla engineers with attractive compensation offers. 🌐 Musk highlighted the intense competition for talent in the artificial intelligence…
🚗 Tesla Gigafactory Berlin is producing right-hand drive (RHD) cars for India. 💼 Giga Berlin is preparing to export Tesla vehicles to India later this year. 🌍 Tesla’s entry into the Indian market marks the first time Giga Berlin produces right-hand drive cars. 💰 Tesla plans to invest about $2 billion in a gigafactory in…
💰 Tesla could “go bust” according to Per Lekander, a hedge fund manager shorting the company since 2020. 📉 Lekander suggests Tesla’s stock could plummet to $14, citing factors like weakened demand and intense competition. 🚗 Tesla reported 386,810 vehicle deliveries in Q1, below even the lowest market estimates, contributing to concerns about its future.…
💡 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…
🎉 Rivian celebrates producing its 100,000th vehicle, a Rivian R1S, marking a significant milestone for the electric truck manufacturer. 🔥 Rivian surpassed expectations by producing 13,980 vehicles and delivering 13,588 units in Q1 2024, maintaining its production guidance of 57,000 vehicles for the full year. 🏭 All vehicles delivered in 2024 are expected to come…
🚗 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.…