Tesla Slashes Prices on All Models in China Following U.S. ReductionsElectric car company Tesla lowered the sales prices of its three flagship models by $2,000 each in the U.S. market and then dropped the sales prices of all models in China. According to Tesla’s official Chinese website on the 21st, the Model 3 price was reduced from $39,000 to $36,800, a decrease of $2,200. The […]
Tesla's Accelerator Pedal Issue: Recalls Nearly 4,000 CybertrucksTesla has initiated a recall for its Cybertruck. On the 19th (local time), Tesla announced that it had recalled 3,878 Cybertrucks to rework and replace the accelerator pedal, which could increase the risk of unintentional acceleration if it becomes detached. According to a recall report submitted to the U.S. National Highway Traffic Safety Administration, Tesla […]
Tesla Slashes Prices Across Globe Amid Rising InventoryTesla cuts prices by $2000 in the US and €2000 in Europe Tesla has lowered its prices in Europe due to a surge in inventory at its Gigafactory in Grünheide (Berlin, Germany), built with the booming European electric vehicle market in mind. According to Reuters and The Guardian UK on the 21st (local time), Tesla […]
Tesla's Shocking Move: 10% of Employees FiredElectrek, a technical publication, reported on the 15th (local time) that Tesla is laying off more than 10% of its employees, citing an internal memo. According to insiders, Tesla has instructed managers to identify key team members while suspending some stock compensation and canceling some employees’ annual evaluations. It has also reduced production at the […]
Tesla to Reveal its Robotaxi on August 8thNew Declaration Leading Rebound on Tesla’s Stock Tesla CEO Elon Musk has announced on social media platform X that Tesla’s robotaxi will be unveiled on August 8th. This announcement carries the potential for a new revenue stream for Tesla, targeting an advanced level of autonomous driving beyond the existing ‘Autopilot’ and ‘Full Self Driving (FSD)’ […]
Tesla Lowers FSD Subscription Price in North AmericaTesla has halved the subscription fee for its Full Self-Driving (FSD) system in North America. Tesla announced on the 13th (local time) that it has reduced the subscription price for its fully autonomous driving system in the United States and Canada. This move is interpreted as stimulating sales amidst weak demand and price competition. According […]
Tesla's Cybertruck Production Trim: A Prelude to Massive Job Cuts?Due to poor performance, rumors of large-scale layoffs are circulating among workers.First quarter results will be announced after the market closes on the 23rd. Tesla has decided to shorten the production line of its electric pickup truck, the Cybertruck, and there appear to be rumors circulating among workers that there will be large-scale layoffs. It […]
Future of Car Customization: Tesla Cybertruck Leads the WayPredictions have emerged that Tesla’s large electric truck model, the Cybertruck, will contribute to revitalizing the car tuning market. Its simple design can be modified in various ways, leading to the expectation that the roads will soon be filled with uniquely customized Cybertrucks. According to industry sources on the 13th, the equipment utilized for Tesla […]
Elon Musk Set to Meet Indian Prime Minister Amidst Tesla Expansion PlansElon Musk, CEO of Tesla, has announced that he will visit India to meet with Prime Minister Modi. Multiple media outlets, including Reuters, have reported that the two parties are expected to announce the construction of an electric vehicle factory in New Delhi, the capital of India, by the end of this month. Musk tweeted […]
U.S. EV Market Brand Loyalty is Highest for Tesla at 87%It was investigated that brand loyalty for Tesla remains high in the U.S. market. According to a survey by Bloomberg Intelligence, Tesla boasted the highest brand retention rate at 87%, followed by Lexus at 68%, Toyota at 54%, Ford at 53%, Honda at 51%, Nissan at 49%, BMW at 44%, Subaru at 42%, Jeep at […]
Musk's Surprise Announcement: Tesla's Robotaxis Coming This AugustElon Musk, CEO of Tesla, announced plans to unveil self-driving robot taxis in August. This move is seen as a strategy to stimulate new growth amid disappointing first-quarter sales, which fell short of market expectations. On May 5 (local time), Musk posted on his X (formerly Twitter) account, “The Tesla robot taxi will be unveiled […]
Tesla Faces $5 Million Lawsuit Over Alleged Wage Law Violations in CaliforniaTesla faces a new class-action lawsuit over alleged wage law violations in California amid ongoing workplace bias and union-busting allegations. According to Reuters, on the 6th (local time), two former employees of Tesla’s Fremont assembly plant in California filed a lawsuit in a Sacramento federal court on behalf of thousands of Tesla workers statewide, seeking […]
Tesla Boosts Stock Price by $2000 with Advancements in Robotics, Energy Storage, and AIPhoto=Tesla Ark Investment Management’s CEO, Cathie Wood, has expressed strong conviction in Tesla’s stock price surge. With three key technologies as its foundation, Tesla’s stock price is predicted to follow an upward trajectory. According to industry sources on the 4th, Cathie Wood recently stated in an interview with CNBC, a U.S. economic specialist media outlet, […]
Tesla's Big Move: Electric Car Giant Eyes IndiaFT said Tesla sent a team for a $2-3bn plantIndia’s lowered tariffs on imported electric vehicles spur Tesla to expand in IndiaTesla is facing challenges in EVs and a shrinking market share in ChinaWill Indian market entry be key to return? The electric vehicle company Tesla is gearing up to move strategically into the Indian […]
Tesla Sees Quarterly Delivery Decline, First Time in Nearly Four YearsTesla’s delivery volume has decreased for the first time in four years, indicating a decline in the effect of price reductions amid intensifying competition in the electric vehicle market and weakening demand. Tesla announced on the 2nd that its quarterly delivery volume has decreased and missed Wall Street estimates, causing its stock to drop by […]
Elon Musk Reveals Upgraded Grok-1.5 Chatbot from xAI, Launching Next WeekElon Musk, CEO of Tesla Elon Musk is set to launch the upgraded Grok-1.5. Elon Musk revealed in a post on his social media on the 29th (local time) that the latest Grok-1.5 chatbot from AI startup xAI will be available on X next week. Grok-1.5, the enhanced version of Grok, will be available on […]
Tesla's Self-Driving Feature Trial Offer, Prediction of Net Income Up 21%Tesla’s decision to offer new electric vehicle buyers the opportunity to experience its advanced driving assistance technology, FSD (Full Self-Driving), is receiving positive reviews. As the proportion of FSD subscribers continues to increase, it can significantly contribute to Tesla’s revenue and net profit growth. According to the investment journal The Street on the 28th, Elon […]
Elon Musk Offers Free Test Drive of Tesla's Full Self-Driving System to Boost SalesTesla, an electric vehicle company, is offering its Full Self-Driving (FSD) system free for a month to customers in the United States. This move is seen as a response to a slowdown in sales despite the growing popularity of electric vehicles. According to Reuters and other sources, on the 26th, CEO Elon Musk wrote on […]
Tesla Cracks Down on Cybertruck Resellers: Warning of Cancellations and Permanent BansDespite Tesla’s prohibition on reselling, it appears that Cybertrucks continue to be resold. Tesla has blocked Cybertruck purchasers on used car sales platforms. Yet, the listings for Cybertrucks have not disappeared, and their resale prices seem to be decreasing. Due to its popularity, the Cybertruck has a long waiting list, leading to significantly higher prices […]
What do Nike, Tesla, Apple, and Intel Have in Common?Apple, Tesla, Nike, and Intel experienced over a 10% decline in stock prices since the beginning of the yearInvestors, sensing the difficulties faced in China, have begun selling off“It won’t be long before the Chinese economy recovers, and stock prices begin to rebound” American companies with high dependency on the Chinese market see their stock […]
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