Tesla Announces Q2 Deliveries: 90,650 Electric Cars – Beating Expectations
Tesla announced its Q2 deliveries and production numbers. The automaker confirmed 90,650 deliveries, beating expectations. Only a few weeks ago, most Wall Street estimates put Tesla deliveries at 60,000 to 70,000 vehicles during the second quarter.It was roughly in line…
Tesla-Inspired Xpeng Motors Unveils Model 3 Competitor Despite Autopilot Lawsuit
China’s Xpeng Motors recently unveiled its answer to the Tesla Model 3, the P7 sedan. The vehicle is impressive, packing up to 440 miles of range per charge under NEDC standards at a price that undercuts more established rivals. But…
Tesla Shares Extend Rally After China Registration Surge And Nod From Goldman
Tesla’s stock extended its recent rally on Wednesday following a surge in China car registrations and after Goldman Sachs initiated coverage of the electric car maker with a “buy” recommendation. Shares of the Silicon Valley automaker rose nearly 2%, bringing their gain…
Tesla Starts Sales Of Two New Model 3 Variants In China
US electric vehicle maker Tesla Inc. said on Friday it has started China sales of two more Model 3 variants built at its Shanghai plant, meaning all Model 3 sedans sold in the country are now locally made and not…
Tesla Completes Blockchain Pilot To Speed Imports Process Into China
In an announcement, blockchain-based logistics provider CargoSmart revealed Tesla, the Shanghai International Port Group (SIPG) – the sole operator of the port – and Chinese cargo ship operator COSCO trialed a blockchain app that shortened the cargo release time and makes it…
EV Manufacturers And Buyers In China Find Relief In Extended New Energy Vehicle Subsidy
Chinese Premier Li Keqiang announced that the country would extend “New energy vehicle” subsidies for two additional years. The extension aims to combat economic downturns that have arisen from the halting of vehicle production as a result of the COVID-19…
Tesla Delivers Highest First Quarter Electric Car Sales Despite Covid-19
Tesla stock soared 17% in after hours trading on Friday following the release of recorder first quarter deliveries for Q1 2020 on Thursday. Tesla said more than 88,000 electric vehicles in total were delivered in the first quarter, 76,200 of…
