Tesla (TSLA) to build $25k EV at Giga Berlin
Tesla (NASDAQ: TSLA) CEO, Elon Musk visited the company’s gigafactory in Berlin Friday where the multi-billionaire gave an update on the plant’s aesthetic design and outlined the manufacturing strategy for a forthcoming affordable $25,000 electric vehicle aimed at the mass…
China Says It Will Restrict Key Material In EV Batteries: Tesla Moves Lower
China’s Ministry of Commerce and General Administration of Customs announced Friday that it will begin restricting exports of graphite, a key component of electric vehicle batteries. What Happened: Many EV companies, including Tesla, traded lower Friday, potentially on the news…
Tesla’s Sales Of China-Made EVs Slumped In September
Tesla (TSLA) shares lost ground on Monday after the China Passenger Car Association (CPCA) reported the EV maker sold 74,073 China-made EVs in September, down 10.9% from a year ago. The drop from August was 12%.That followed record-setting deliveries of…
BYD Inches Closer to Global EV Dominance As Tesla Sales Dip
Tesla is not done cutting prices in order to remain competitive in the cutthroat Chinese EV market as it just lowered the Model Y tag by the equivalent of US$1,900 there, and continued a Model 3 insurance incentive for next…
Tesla Proposes Building Battery Storage Factory In India -Sources
Tesla has drawn up plans to make and sell battery storage systems in India and submitted a proposal to officials seeking incentives to build a factory, two people aware of the plan said, as Elon Musk continues a push to…
Ev Makers’ Use Of Chinese Suppliers Raises Concerns About Forced Labor
Tesla boasts that its electric vehicles are a marvel not just of innovation but also ethics, pledging in annual reports that it will “not knowingly accept products or services from suppliers that include forced labour or human trafficking in any form.” The…
India To Draft New Ev Investment Policy
India will come up with a new policy to attract electric vehicle (EV) manufacturers and encourage greater investment in the sector, the commerce minister said on Wednesday. Piyush Goyal’s comments come as U.S. EV maker Tesla (TSLA.O) continues talks with…
Tesla Almost Doubles Ev Share In China As Sales Rebound
After passenger vehicle sales dropped in June and July, the Chinese auto market recovered in August with a return to growth. In the same month, Tesla almost doubled its market share in the country, amidst increased discounts and tax exemptions…
Tesla, Chinese Brands Take Center Stage At Munich Car Show
Tesla and Chinese carmakers showed off their newest electric models at the Munich auto fair on Monday, throwing down the gauntlet to their European rivals as competition in the sector intensifies. The industry-wide shift towards electric vehicles (EVs) was on…
Tesla Rival Xpeng Acquires Chinese Giant DiDi’s Smart EV Assets For $744 mn
In a bid to challenge Tesla’s dominance, ride hailing giant Didi Global on Monday sold its smart EV assets to electric vehicle company Xpeng for nearly $744 million. DiDi Global and XPeng jointly announced a strategic cooperation where the two…
