The transportation and ride-sharing company has revealed a strategic partnership with BYD. As part of this deal, their drivers will be able to get hold of its partner’s cars at preferential rates and with the help of improved financing offers. One hundred thousand BYD vehicles are to be offered to drivers in this way. The…
Read more
Many find this move confusing as Tesla laid off thousands of workers earlier this year. Based on a Bloomberg analysis, the advertisements called for a diverse range of applicants, ranging from AI specialists to ordinary service jobs. Analysts pointed out that this increased hiring activity occurred in tandem with an uptick in the company’s stock…
Read more
Despite being a global top 10 most expensive stock on the S&P 500, TSLA sunk 1.6% lower in the US premarket trading this morning in New York after falling 8.4% yesterday afternoon. It broke its 11-day upward streak after announcing the postponement of its robotaxi project to October to allow teams to build additional prototypes.…
Read more
Positioned as a C-Class performance sedan, the SU7 is based on Xiaomi's Modena Architecture and features HyperEngine electric motors with impressive capabilities. The electric sedan comes in two variants: the dual-motor all-wheel-drive SU7 Max and the single-motor rear-wheel-drive SU7. Key innovations include the use of die casting machines with a clamping force of 9,100 tons,…
Read more
According to Bloomberg, China-based BYD is expected to achieve this milestone in the current quarter. China, now a key contender in global passenger car exports, shipped 1.3 million EVs out of 3.6 million total vehicles as of October this year. Despite BYD being relatively unknown outside China, its success is evident through substantial investments, including Warren…
Read more
The registrations, reported by CnEVPost, do not calculate the separate Model 3 and Model Y registrations; rather, the figure totals both registrations and pits against competitor electric vehicle (EV) manufacturers. According to the data, Tesla’s sales for November decreased 17.8% when compared to the same period last year, with this drop including Chinese exports in…
Read more
However, The California Public Employees’ Retirement System's (CalPERS) recent investments in several EV companies have sparked investor interest, indicating a dynamic landscape. The EV startup Rivian (RIVN.O) has received the highest investment so far, with seven other pension schemes attempting to cash in, including The Teacher Retirement System of Texas and the Maryland State Retirement…
Read moreTesla Motors, Inc. (NASDAQ: TSLA) has reported a Q2 loss, way greater than analysts had forecast, as well as revenues that fell short of expectations. The electric-car maker's reported a second-quarter adjusted loss of $1.06 per share on $1.56 billion in sales. That's more than double the loss analysts, on average, were expecting. “How do…
Read more