In the first quarter of 2024, the two biggest manufacturers of electronic vehicles, Tesla and its Chinese rival BYD reports dramatic sales drops compared against the same time last year.
Tesla knocked $2,000 off the prices of three of its five models in the United States late Friday, another sign of the challenges facing the electric vehicle maker led by billionaire Elon Musk.
CEO Elon Musk postpones India trip ahead of results expected to show worst performance in seven yearsBusiness live – latest updatesShares in Tesla came under pressure on Monday after the electric carmaker announced a round of price cuts ahead of a difficult set of results for the company’s chief executive, Elon Musk.Tesla stock fell as much as 5% in early trading before recovering slightly to a deficit of 3.4% in the wake of the price reductions around the globe, including slashing the cost of...
(Bloomberg) -- Tesla Inc. spent the weekend cutting prices of its models across China, Europe and the US amid slumping sales and a glut of inventory.Most Read from BloombergElon Musk’s Robotaxi Dreams Plunge Tesla Into ChaosTikTok to Remove Executive Tasked With Fending Off US ClaimsTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayTesla Spends Weekend Cutting Prices of Cars and FSD SoftwareThe Fed’s Forecasting Method Looks Increasingly Outdated as Bernanke Pitches an...
Tesla cut the prices for its Model Y, Model X and Model S vehicles in the U.S. by $2,000 each on Friday, according to the electric vehicle maker's website. Elon Musk's electric vehicle maker lowered the prices for its Model Y base variant to $42,990, while the long-range and performance variants are now priced at $47,990 and $51,490, respectively, the website showed. The basic version of the Model S now costs $72,990 and its plaid variant $87,990. The Model X base variant now costs $77,990 and...
As Tesla gears up to report what will likely be unimpressive financial results for the first quarter on Tuesday, the company is making more moves to go “balls to the wall for autonomy,” as CEO Elon Musk put it last week in a post on X. Over the weekend, Tesla dropped the price of its […]
Tesla's stock dropped for a seventh straight day on Monday, ahead of a highly anticipated earnings report from the electric vehicle company.
Tesla cuts prices nearly across the board and appears to be pushing more people into Full Self Driving. Disney is making a popular automotive ride all-electric. Airless tires look like the future. And do in-wheel motors make more sense for EV conversions? This and more, here at Green Car Reports. The Tesla Model Y undercuts the Model 3 by $5,000—for
Late Saturday, Tesla cut the price of its Full Self-Driving software to $8,000 in the U.S. from $12,000.
Do EVs need a breakthrough in battery energy density before they make environmental sense? And which luxury EV is bringing back the appearance of an internal combustion grille? Will fake tailpipes come next? This is our look back at the Week In Reverse—right here at Green Car Reports—for the week ending April 12, 2024. In a first drive of the
BEIJING/FRANKFURT (Reuters) -Tesla has cut prices in a number of its major markets, including China and Germany, following price cuts in the United States, as it grapples with falling sales and an intensifying price war for electric vehicles (EVs), especially against Chinese EVs. The price cuts come after Tesla, led by its billionaire CEO Elon Musk, reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years. "Tesla prices must...
If you’re in the market for an electric vehicle buying a Tesla will now be a little less expensive.