Tesla says its Texas factory hits output of 5,000 Model Ys per week
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Musk teases 'Major update coming' for Tesla (TSLA) smart summon feature
May 11, 2023 2:30 PM EDTElon Musk, the CEO of Tesla (NASDAQ: TSLA), known for his direct engagement on Twitter, responded to a post by @TeslaownerSV on Thursday, hinting at a significant update on the company's smart summon feature saying, that there is a Major update... More
Polestar (PSNY) slashes production guidance and announces job cuts
May 11, 2023 10:00 AM EDTSwedish electric automaker, Polestar Automotive (NASDAQ: PSNY) on Thursday lowered its 2023 production guidance and announced that the company would cut headcount by 10%, citing a delayed production start for its Polestar 3 and a challenging environment for the industry.
The electric vehicle company now expects to produce between 60,000 and 70,000 cars this year, versus... More
Tesla (TSLA) cuts Supercharging prices in Europe
May 10, 2023 3:11 PM EDTTesla (NASDAQ: TSLA) has cut Supercharger prices across most markets in Europe, decreasing fees by over ten percent as energy prices are stabilizing downward following the crisis.
In Europe, there have been major swings in electricity rates over the last year due to the war in Ukraine. Tesla had to adjust... More
BYD cuts starting price for Seal EV in bid to extend market lead over Tesla (TSLA)
May 10, 2023 2:07 PM EDTChinese automaker BYD Co cut the starting price of its best-selling Seal sedan by 10% on Wednesday as the electric vehicle maker aims to extend its lead in the world's largest auto market.
The new price for the vehicle is now 18% cheaper than the rear-wheel drive Model 3 made by the companys closest competitor, Tesla (NASDAQ: TSLA).
China's EV market is in the midst of a price war started by Tesla earlier this year, with several EV... More
Tesla (TSLA) achieves 5,000-unit weekly production milestone for Model Y
May 10, 2023 8:53 AM EDTElectric vehicle giant, Tesla (NASDAQ: TSLA) said Tuesday that the automakers Texas facility has reached a 5,000-unit weekly production rate for its Model Y, equating to a roughly 260,000 vehicles annually.
The popularity of Tesla's Model Y has surpassed that of its sibling, the... More
