Elon Musk greeted with flattery and feasts during China trip
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Analysts watch closely as Chinese EVs battle for market share in Europe
June 1, 2023 10:24 AM EDTAs new EV competitors push into Europes mass market segment, how much market share will they be able to take? Analysts are keeping a close eye on the next 24 months for significant indicators of the potential risks that incumbent European automakers may face and the extent to which their market share could be at stake.
The annual sales of new cars in Europe far surpass $100 billion. With the increasing adoption of battery electric vehicles (BEVs) in Europe, the market will witness a steady flow of highly competitive offerings from established companies as well as new... More
Tesla (TSLA) amps up discounts on U.S. Model 3 inventory
June 1, 2023 9:13 AM EDTIn the face of economic uncertainty, increased competition, and the impending redesign of its flagship model, Tesla Inc (NASDAQ: TSLA) has significantly boosted discounts on select already made new Model 3 electric cars. Additional discounts are also being extended to the Model Y and other vehicles in its U.S. inventory, aimed at enticing potential buyers.
In California, Tesla's website reveals that a Model 3 variant available in their inventory is... More
Tesla (TSLA) shipping cars with 50% Charge, offers free supercharging miles
May 31, 2023 2:10 PM EDTElectric vehicle giant, Tesla (NASDAQ: TSLA) has begun shipping their cars to customers with a 50% charge for safety reasons. As a gesture of goodwill, they're also offering buyers 150 free Supercharging kilometers to make up for any inconvenience caused.
According to Reddit user u/W-001, Tesla gave the following message through email... More
Volkswagen COO says automaker will not join discount battle in China 'at any price'
May 31, 2023 7:52 AM EDTVolkswagen Chief Operating Officer Ralf Brandstaetter said in an interview released Wednesday that the German automaker would not participate in a discount battle in China "at any price".
"Volkswagen is focusing on a sustainable business model. In concrete terms, this means that we will not participate in the... More
