Tesla offers for the first time a $35,000 version of its Model 3; profits to come in Q1 2019
5 years, 10 months ago

Tesla offers for the first time a $35,000 version of its Model 3; profits to come in Q1 2019

Firstpost  

Tesla’s pared-down version of its Model 3 sedan launched, the base model will have 220 miles of range Tesla Inc said on Thursday it would not be profitable in the first quarter, as it offered for the first time a $35,000 version of its Model 3 sedan and said its global sales would now be online-only, steps designed to increase demand and cut overhead costs for the electric vehicle maker. more tax credit hits later in the year too so they are trying to be proactive.” Musk has often shared that his strategy for Tesla was to build higher-priced cars — the Model S and X — whose success would ultimately usher in a $35,000 mass-market car, followed by an SUV, the Model Y, which is currently in development. “The margin on the vehicle obviously is going to be very small if there’s any margin there at all,” said David Kudla, CEO of Mainstay Capital Management, which has a short position in Tesla. That settlement between Musk, Tesla and the SEC concerned Musk’s August Twitter post in which he claimed to have “funding secured” to take Tesla private at $420 per share.

Tesla Price Model Musk Sec Version Model 3 Its Model  sales  model  profits  version  2019  q1  price  musk  tax  come  35000  stores  vehicle  offers  tesla

History of this topic

Tesla Roadster: Release date, price and all you need to know about the 2026 EV
6 days, 13 hours ago

Tesla Roadster: Release date, price and all you need to know about the 2026 EV

The Independent  

Whatever happened to the second-generation Tesla Roadster? A successor to Tesla’s first ever car, also called the Roadster and launched in 2008, company boss Elon Musk said the new Roadster would arrive in 2020. Tesla Roadster release date open image in gallery The car is now expected to arrive with customers in 2026 At the 2017 reveal, a 2020 release …

Tesla’s global vehicle deliveries fell in 2024 for the first time in years
Top News
1 week ago

Tesla’s global vehicle deliveries fell in 2024 for the first time in years

Live Mint  

Tesla’s global vehicle deliveries fell in 2024 for the first time in more than a decade, after a surge of promotional deals in the fourth quarter failed to stimulate sales enough to top the prior-year results. The result—a quarterly record—was up about 2% from a year earlier, but it fell short of the roughly 515,000 vehicles it needed to sell …

End of tax incentive results in cheap second hand Tesla’s being sold
1 week, 4 days ago

End of tax incentive results in cheap second hand Tesla’s being sold

NL Times  

A surge in the supply of second-hand electric cars has led to a significant drop in prices for many vehicles, particularly Teslas, which are now hitting the second-hand market after being leased. Rico Luman, a car market analyst for ING, said the price drop has made electric cars, including Teslas, more attractive to buyers. Still, many second-hand Teslas, particularly the …

Elon Musk's Tesla stocks on unstoppable rally after Trump's win, here's why
1 month, 4 weeks ago

Elon Musk's Tesla stocks on unstoppable rally after Trump's win, here's why

Firstpost  

In the trading days since the 2024 US Presidential election, Tesla stocks, all together, surged past 40 per cent, adding more than $300 billion in market capitalisation An unstoppable rally is seen in Tesla stocks as investors continue to bet big after Donald Trump wins the 2024 US Presidential election as they feel it would bring windfalls to the Elon …

Elon Musk's net worth crosses $300 billion following Trump's victory, a first in three years
2 months ago

Elon Musk's net worth crosses $300 billion following Trump's victory, a first in three years

Hindustan Times  

American billionaire Elon Musk's net worth on Friday surpassed $300 billion for the first time in three years, aided by the surge in the value of his company, Tesla, since the results of the US presidential election, news agency Reuters reported. Tesla CEO and X owner Elon Musk, who supports Republican presidential nominee former U.S. President Donald Trump, gestures as …

Elon Musk's Tesla hits $1 trillion market value after Trump win
2 months ago

Elon Musk's Tesla hits $1 trillion market value after Trump win

India Today  

Tesla's market value closed above the $1 trillion mark in a sharp rally on Friday, on expectations that CEO Elon Musk's companies will get favourable treatment under President-elect Donald Trump for his extensive support during the poll campaign. "Tesla and CEO Elon Musk are perhaps the biggest winners from the election result, and we believe Trump's victory will help expedite …

Tesla Mcap hits $1 trillion after CEO Elon Musk-backed Trump’s poll victory; Stock up 29% YTD
2 months ago

Tesla Mcap hits $1 trillion after CEO Elon Musk-backed Trump’s poll victory; Stock up 29% YTD

Live Mint  

Tesla's market value breached the $1 trillion-mark in a sharp rally on Friday, November 8, on growing bets of a favorable treatment for CEO Elon Musk's companies in return for his support for the Republican President-elect Donald Trump in his poll campaign. Tesla Mcap, stock price trend According to Forbes ' real-time billionaires list, Musk's wealth topped $300 billion. Tesla …

The 10 best Tesla alternatives: Our favourite rivals to Elon Musk’s EVs
2 months ago

The 10 best Tesla alternatives: Our favourite rivals to Elon Musk’s EVs

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. BYD Seal open image in gallery BYD Seal Pros: …

Tesla shares soar more than 14% as Trump win is seen boosting Elon Musk’s electric vehicle company
2 months ago

Tesla shares soar more than 14% as Trump win is seen boosting Elon Musk’s electric vehicle company

Associated Press  

NEW YORK — Shares of Tesla soared Wednesday as investors bet that the electric vehicle maker and its CEO Elon Musk will benefit from Donald Trump’s return to the White House. Tesla stands to make significant gains under a Trump administration with the threat of diminished subsidies for alternative energy and electric vehicles doing the most harm to smaller competitors. …

Tesla Soars to New Heights, Market Cap Soars Past $150 Billion
2 months, 1 week ago

Tesla Soars to New Heights, Market Cap Soars Past $150 Billion

Firstpost  

Tesla's stock soars on strong sales and cost-cutting, with the company's market value increasing by $150 billion in a single day. This impressive rally erases recent losses and alleviates concerns about Musk's focus on new ventures like Robotaxi. However, regulatory hurdles surrounding driverless ride-hailing services remain a potential roadblock to Tesla's ambitious plans.

Tesla Soars 4.43% on Strong Q3 Results, Up 1.29% on Nasdaq
Trending News
2 months, 2 weeks ago

Tesla Soars 4.43% on Strong Q3 Results, Up 1.29% on Nasdaq

Live Mint  

Tesla shares continue to rally, with the company reporting a strong third-quarter profit. The stock rose 4.43 per cent, reaching a new high of $269.11. Tesla's net income increased by 17%, marking a turnaround from the previous quarter's decline. The company's revenue also increased, contributing to the positive performance.

Tesla Soars to New Heights, Surpassing $20 Billion Market Value in a Day
2 months, 2 weeks ago

Tesla Soars to New Heights, Surpassing $20 Billion Market Value in a Day

ABP News  

Elon Musk's net worth skyrocketed by $21 billion on Thursday as Tesla's stock surged by nearly 19%. The company's quarterly earnings report exceeded expectations, with a 17% profit increase and 8% revenue growth. Musk's lead over the second-richest individual has widened by $50 billion thanks to his substantial stake in Tesla. Tesla's focus on profitability and driverless technology is driving …

New Tesla Model 3 gets EV range boost to over 400 miles
2 months, 2 weeks ago

New Tesla Model 3 gets EV range boost to over 400 miles

The Independent  

Hot on the heels of the longest-range Model Y ever announced last week, Tesla has announced a new Model 3 with the longest range ever for a Model 3 – a claimed maximum of 436 miles. As predicted in our story on the new 373-mile Long Range Rear-Wheel Drive Model Y, the new Model 3 drops the all-wheel drive of …

Tesla's AI Ambitions Propel Market Growth, But Profitability Remains a Challenge
Trending News
2 months, 2 weeks ago

Tesla's AI Ambitions Propel Market Growth, But Profitability Remains a Challenge

Live Mint  

Tesla's AI ambitions are gaining attention, but the company faces challenges in funding these endeavors. Musk plans to spend heavily on AI-related expenses, including the development of self-driving cars and AI-powered robots. However, Tesla's profit margins are under pressure due to lower vehicle deliveries and aging model lineup. The company's focus on AI and robotics could potentially boost its market …

Tesla's Q3 Results: A Strong Comeback for the EV Giant
Trending News
2 months, 2 weeks ago

Tesla's Q3 Results: A Strong Comeback for the EV Giant

ABP News  

Tesla's Q3 net income rises 17% on strong sales, marking a turnaround for the company. The strong performance is attributed to robust electric vehicle (EV) sales, with the company projecting a 20-30% increase in sales for 2025. Tesla's cost-saving efforts have also contributed to the improved financial performance, with the gross profit margin reaching its highest level in a year.

Tesla's value dropped by $60 billion following 'glowing' unveiling of Cybercab robotaxi. Here's why
2 months, 3 weeks ago

Tesla's value dropped by $60 billion following 'glowing' unveiling of Cybercab robotaxi. Here's why

Firstpost  

Many analyst expected more specific data, such as timelines and production numbers, which are typically provided at Tesla’s events. Instead, the showcase focused heavily on branding and promoting Tesla’s broader vision, leaving the investment community with little to work with However, despite the big promises, many investors and analysts left the event feeling unsatisfied. Analysts pointed out that the presentation …

Elon Musk reveals the Cybercab, Tesla’s self-driving robotaxi
2 months, 4 weeks ago

Elon Musk reveals the Cybercab, Tesla’s self-driving robotaxi

The Independent  

Tesla boss Elon Musk has revealed his company’s vision for driverless vehicles at an event with plenty of Hollywood glitz at Warner Bros Studio in Los Angeles. open image in gallery Musk claims Tesla’s self-driving van can seat up to 20 people, room enough for an entire bridal party according to this concept art. It’s a revolution.” The 20-seat robovan …

Tesla faces 45 per cent profit drop in Q2, Musk teases Robotaxi announcement in October
5 months, 2 weeks ago

Tesla faces 45 per cent profit drop in Q2, Musk teases Robotaxi announcement in October

India TV News  

Tesla, Elon Musk's electric automobile company has reported being in profit for the April-June period this year by USD 1.5 billion- which was down by 45 per cent from the same period in 2023. Total revenue was up 2 per cent at USD 25.5 billion, but automotive revenues were down 7 per cent to USD 19.9 billion, according to the …

Tesla’s 2Q profit falls 45% to $1.48 billion as sales drop despite price cuts and low-interest loans
5 months, 2 weeks ago

Tesla’s 2Q profit falls 45% to $1.48 billion as sales drop despite price cuts and low-interest loans

Associated Press  

DETROIT — Tesla’s second-quarter net income fell 45% compared with a year ago as the company’s global electric vehicle sales tumbled despite price cuts and low-interest financing. Tesla said it posted record quarterly revenue “despite a difficult operating environment.” The company’s energy-storage business took in just over $3 billion in revenue, double the amount in the same period last year. …

Tesla’s quarterly profit falls 45% as sales drop despite price cuts
5 months, 2 weeks ago

Tesla’s quarterly profit falls 45% as sales drop despite price cuts

LA Times  

Tesla’s second-quarter net income fell 45% compared with a year ago as the company’s global electric vehicle sales tumbled despite price cuts and low-interest financing. Earlier this month Tesla said it sold 443,956 vehicles from April through June, down 4.8% from 466,140 sold in the same period a year ago. For the first half of the year, Tesla has sold …

Musk wins pay approval but still faces Tesla's floundering stock and rich valuation
6 months, 3 weeks ago

Musk wins pay approval but still faces Tesla's floundering stock and rich valuation

Hindustan Times  

* Musk wins pay approval but still faces Tesla's floundering stock and rich valuation Shareholders re-approve controversial pay package * Tesla's stock rises nearly 3% on Thursday, remains down 27% in 2024 * Market cap remains by far the highest among automakers By Noel Randewich June 14 - Tesla shareholders approved CEO Elon Musk's $56 billion pay package in a …

Deciphering Tesla’s lans for a cheaper car demands a Muskology degree
8 months, 1 week ago

Deciphering Tesla’s lans for a cheaper car demands a Muskology degree

Live Mint  

The chief executive loves to talk about the future of robot cars and what might come. “These new vehicles, including more affordable models, will use aspects of the next-generation platform as well as aspects of our current platforms, and we’ll be able to produce on the same manufacturing lines as our current vehicle lineup," Musk told analysts Tuesday. When the …

Tesla Quarter 1 profit falls 55%, company plans move to cheaper vehicles
8 months, 2 weeks ago

Tesla Quarter 1 profit falls 55%, company plans move to cheaper vehicles

Hindustan Times  

Tesla’s first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate production of new, more affordable vehicles. On a conference call with analysts, CEO Elon Musk said he expects production to start in the second half of next year “if not late this year.” New factories or massive new …

Tesla 1Q profit falls 55%, but stock jumps as company moves to speed production of cheaper vehicles
8 months, 2 weeks ago

Tesla 1Q profit falls 55%, but stock jumps as company moves to speed production of cheaper vehicles

Associated Press  

Tesla’s first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate production of new, more affordable vehicles. On a conference call with analysts, CEO Elon Musk said he expects production to start in the second half of next year “if not late this year.” New factories or massive new …

Tesla profits have plummeted. Elon Musk remains all-in on robotaxis
8 months, 2 weeks ago

Tesla profits have plummeted. Elon Musk remains all-in on robotaxis

NPR  

Tesla profits have plummeted. Elon Musk remains all-in on robotaxis Enlarge this image toggle caption Ebrahim Noroozi/AP Ebrahim Noroozi/AP After a barrage of bad news and a sharp drop in profits at Tesla, CEO Elon Musk sought to reassure investors on Tuesday that the revolutionary electric vehicle company is still on a long-term path to growth — thanks to AI …

Tesla cuts prices amid global challenges
8 months, 2 weeks ago

Tesla cuts prices amid global challenges

China Daily  

This file photo taken on Jan 12, 2018, shows a Tesla logo seen in Los Angeles, California, the US. The world's largest EV maker by volume, which is owned by the technology billionaire Elon Musk, said it would reduce prices in all of its major markets, which include the US, Germany, and China. The Chinese smartphone maker Xiaomi has also …

Tesla cuts prices globally after Cybertruck recall and stock downturn
8 months, 2 weeks ago

Tesla cuts prices globally after Cybertruck recall and stock downturn

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. The price reduction came after Tesla’s stock dropped below $150 per share on Friday and wiped out …

Tesla cuts the price of its “Full Self Driving” system by a third to $8,000
8 months, 2 weeks ago

Tesla cuts the price of its “Full Self Driving” system by a third to $8,000

Associated Press  

NEW YORK — Tesla knocked roughly a third off the price of its “Full Self Driving” system — which can’t drive itself and so drivers must remain alert and be ready to intervene — to $8,000 from $12,000, according to the company website. The cuts, which occurred on Saturday, follow Tesla’s moves to slash $2,000 off the prices of three …

Tesla cuts China, US prices after slow sales, rising inventories
8 months, 2 weeks ago

Tesla cuts China, US prices after slow sales, rising inventories

Hindustan Times  

Elon Musk-led Tesla has slashed prices in China and the United States following a disappointing first quarter sales that led to a swelling inventory. In the United States, the cheapest version of Tesla's Model Y is priced at $42,990 Recently, Elon Musk in a memo to 1.40 lakh company employees announced that he was reducing workforce by more than 10 …

Tesla knocks $2,000 off prices for 3 EVs after shares crash 39% YTD on falling sales
8 months, 2 weeks ago

Tesla knocks $2,000 off prices for 3 EVs after shares crash 39% YTD on falling sales

Live Mint  

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. The company cut the prices of the Model Y, a small SUV which is Tesla's most popular model and the top-selling electric vehicle in the US, and …

Tesla cuts US prices for 3 of its electric vehicle models after a difficult week
8 months, 2 weeks ago

Tesla cuts US prices for 3 of its electric vehicle models after a difficult week

Associated Press  

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. The company cut the prices of the Model Y, a small SUV which is Tesla’s most popular model and the top-selling electric vehicle in the U.S., and …

Tesla shares tumble below $150 per share, giving up all gains made over the past year
8 months, 3 weeks ago

Tesla shares tumble below $150 per share, giving up all gains made over the past year

Associated Press  

Tesla’s stock tumbled below $150 per share, giving up all of the gains made over the past year as the electric vehicle maker reels from falling sales and steep discounts intended to lure more buyers. Tesla sales fell sharply last quarter as competition increased worldwide, electric vehicle sales growth slowed, and price cuts failed to draw more buyers. Dan Ives, …

Tesla share price falls 37% in 2024 as Elon Musk’s EV maker suffers demand slowdown; market value drops below $500 bn
8 months, 3 weeks ago

Tesla share price falls 37% in 2024 as Elon Musk’s EV maker suffers demand slowdown; market value drops below $500 bn

Live Mint  

Tesla share price extended fall for 2024, pushing its market valuation briefly below $500 billion amid a round of job cuts this week underscoring that the company’s growth has slowed. Tesla shares have not closed with a market value under $500 billion since late April last year and stayed narrowly above the mark as of Tuesday’s close, Bloomberg News reported. …

Tesla to unveil robotaxi on August 8, budget EV not cancelled, says Elon Musk
9 months ago

Tesla to unveil robotaxi on August 8, budget EV not cancelled, says Elon Musk

Firstpost  

Amid reports that Tesla would cancel their $25,000 budget programme, Elon Musk has come out and announced that not only are they not cancelling the budget EV, they are also planning to launch a robot taxi by 2025 Tesla CEO Elon Musk has announced plans to introduce a robotaxi on August 8th, shortly after a Reuters report revealed the company’s …

Tesla slams into reverse as sales fall for first time in four years: £20bn wiped off value of electric car firm
9 months, 1 week ago

Tesla slams into reverse as sales fall for first time in four years: £20bn wiped off value of electric car firm

Daily Mail  

More than £20billion was wiped off the value of Tesla last night after it reported the first fall in car sales for four years. Darker days: Tesla boss Elon Musk has seen the electric car maker's first slump in sales in four years Tesla shares fell more than 5 per cent, wiping £22billion off the value of the company. BYD, …

Why Tesla’s electric car bubble is threatening to burst
9 months, 1 week ago

Why Tesla’s electric car bubble is threatening to burst

The Telegraph  

The drop, the first since 2020, was far below even the most gloomy expectations of investment analysts. The company blamed the tough start to the year on teething problems with the production of its updated Model 3 at its Californian factory and “factory shutdowns resulting from shipping diversions caused by the Red Sea conflict and an arson attack at Gigafactory …

Tesla valuation drops by $80 billion after Elon Musk's sales warning
11 months, 2 weeks ago

Tesla valuation drops by $80 billion after Elon Musk's sales warning

Hindustan Times  

Tesla tumbled over 12% on Thursday after CEO Elon Musk warned sales growth would slow this year despite price cuts that have already hurt margins at the world's most valuable automaker and fueled investor concerns about soft demand and Chinese competition. Elon Musk warned that global Tesla sales might hit a slump Musk said on Wednesday that growth would be …

Tesla loses over $82 billion, stock plunges 12% in a single day after ‘disastrous’ earnings call
11 months, 2 weeks ago

Tesla loses over $82 billion, stock plunges 12% in a single day after ‘disastrous’ earnings call

Firstpost  

The stock value of Tesla saw a significant dip of just over 12% on Thursday following remarks by CEO Elon Musk highlighting the challenges posed by Chinese electric-car manufacturers, whom he referred to as “the most competitive car companies in the world.” During Tesla’s earnings call on Wednesday, Musk praised Chinese carmakers such as BYD, Geely, and SAIC, emphasizing their …

Tesla’s stock slides after profits come up short and EV maker warns of slowing growth in 2024
11 months, 2 weeks ago

Tesla’s stock slides after profits come up short and EV maker warns of slowing growth in 2024

Associated Press  

Shares of Tesla tumbled at the opening bell Thursday as the electric vehicle, solar panel and battery maker warned investors of slower sales growth this year after posting fourth-quarter results that were weaker than most had expected. In a letter to shareholders released Wednesday, Tesla warned that sales growth this year may be “notably lower” than the 2023 growth rate, …

Tesla hit by first ever drop in annual profits amid electric car price war
11 months, 2 weeks ago

Tesla hit by first ever drop in annual profits amid electric car price war

The Telegraph  

Tesla has recorded its first ever drop in annual profits as it suffers the effects of an electric vehicle price war orchestrated by its chief executive, Elon Musk. It caps a challenging year for Tesla and Mr Musk, in which the company has been overtaken as the world’s best-selling electric car manufacturer by China’s BYD and its chief executive has …

Price cuts boost Tesla’s 4Q sales, beating estimates as electric vehicle growth rate slows
1 year ago

Price cuts boost Tesla’s 4Q sales, beating estimates as electric vehicle growth rate slows

Associated Press  

DETROIT — Steep price cuts helped electric vehicle maker Tesla Inc. increase its fourth-quarter vehicle sales by almost 20% as EV sales growth slowed across the industry. Full-year sales numbers fell far short of CEO Elon Musk’s prediction of 50% sales growth in most years. Industry analysts expect the price cuts to trim Tesla’s profit margins when it reports earnings …

Everything we know about Tesla’s Cybertruck after first cars are finally delivered
1 year, 1 month ago

Everything we know about Tesla’s Cybertruck after first cars are finally delivered

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. The electric pickup truck’s angular body is made of a stainless steel alloy developed by Tesla with …

Tesla ready to open factory in India, but has this condition
1 year, 1 month ago

Tesla ready to open factory in India, but has this condition

Hindustan Times  

Tesla is ready to invest up to $2 billion to set up a factory in India if the government cuts import duty on its vehicles to 15% for the first two years of operations, the Economic Times reported on Friday. Prime Minister Narendra Modi met Tesla chief executive Elon Musk during a state visit to the US in June. The …

Tesla’s price cuts eat into Cybertruck maker’s profits as net income plunges 44% in the 3rd quarter
1 year, 2 months ago

Tesla’s price cuts eat into Cybertruck maker’s profits as net income plunges 44% in the 3rd quarter

Associated Press  

LOS ANGELES — Tesla’s net income slumped in the third quarter versus a year earlier, as price reductions helped drive strong sales growth but also ate into the automaker’s profit margins The Austin, Texas, maker of electric vehicles, solar panels and batteries on Wednesday reported net income of $1.85 billion for the July-September quarter, a 44% decline from a year …

Tesla to recall 54,676 Model X cars as vehicle controller may fail to detect low brake fluid
1 year, 2 months ago

Tesla to recall 54,676 Model X cars as vehicle controller may fail to detect low brake fluid

Live Mint  

Automaker Tesla will recall 54,676 Model X vehicles manufactured between 2021-2023, as the vehicle controller is likely to fail to detect low brake fluid and not display a warning light, said the US auto regulator on Tuesday. In August, NHTSA had opened a probe into 280,000 new Tesla Model 3 and Model Y vehicles over reports of loss of steering …

Tesla prices now rival average U.S. cars after billions in cuts
1 year, 3 months ago

Tesla prices now rival average U.S. cars after billions in cuts

LA Times  

Some see Tesla’s price cuts as the cost of propping up demand after Chief Executive Officer Elon Musk’s acquisition of Twitter — now X Corp. — and his increasing engagement with right-wing politics. Black has used his widely followed social media account on X, formerly known as Twitter, to advocate for Tesla to spend money on traditional advertising campaigns rather …

Tesla 3Q sales rise 27% but fall short of expectations due softening demand and factory downtime
1 year, 3 months ago

Tesla 3Q sales rise 27% but fall short of expectations due softening demand and factory downtime

Associated Press  

Tesla’s summertime deliveries of electric vehicles surged 27% from last year but still fell below analyst projections as Elon Musk’s car company navigated through softening customer demand as well as factory upgrades. As usual, Tesla’s sales consisted primarily of its Model 3 and Model Y vehicles, which have been made even more attractive by rounds of price cutting that have …

Tesla launches new Model 3 with improved design and longer driving range
1 year, 4 months ago

Tesla launches new Model 3 with improved design and longer driving range

Live Mint  

Leading EV maker Tesla has unveiled a revamped version of its popular Model 3 sedan with a sleeker look and a longer range. The new model also comes with improved exterior design, a more sporty look and comes in two new colour options - Stealth Grey and Ultra Red. The new Model 3 will be priced at 2,59,000 yuan or …

Super Tesla, Super Elon Musk: EV maker earned over $25 bn last quarter, despite lowering margins
1 year, 5 months ago

Super Tesla, Super Elon Musk: EV maker earned over $25 bn last quarter, despite lowering margins

Firstpost  

Despite falling margins, Tesla had a blast in the last quarter, where it made over $25 billion. Tesla may very well become the most profitable car maker soon, as it is set to meet its projections this year, which will only be boosted by the Cybertruck Tesla made $2.7 billion in profit during the second quarter, which is 20 per …

Tesla’s surprising new route to EV domination
1 year, 5 months ago

Tesla’s surprising new route to EV domination

Hindustan Times  

IN 2011 TESLA stated an aim of becoming “the most compelling car company of the 21st century, while accelerating the world’s transition to electric vehicles”. Mr Musk’s ambition to dominate the auto business—making 20m cars a year by 2030, double the current output of today’s top manufacturer, Toyota, and creating the go-to self-driving system—certainly compels investors, who value Tesla at …

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