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Tesla's Humanoid Robot Optimus Makes Debut In US Stores: A New Strategy To Drive Foot Traffic?
Monday, July 10, 2023 - 5:22pm | 583One of the most anticipated product launches coming from Tesla Inc (NASDAQ: TSLA) in the future is the humanoid robot known as Optimus, which was unveiled by the company in 2021. Even though no date is set for the launch of the robot and the finalized version may still be years away, a prototype...
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Tesla Soars 10% Amid Musk's China Visit, Lucid Slumps On Stock Sale, Ford-Uber's Win-Win Partnership And More: Biggest EV Stories Of The Week
Saturday, June 3, 2023 - 9:14am | 1152Electric vehicle stocks closed the week ending May 19 on a mixed note, with market leader Tesla, Inc. (NASDAQ:TSLA) having a strong run amid CEO Elon Musk's first China visit since the COVID-19 pandemic. Here are the key events that happened in the EV space during the week: Musk Reserves High...
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Tesla Removes Radars From China-Made Model Y Crossovers
Thursday, March 9, 2023 - 9:35am | 335Tesla Inc. (NASDAQ:TSLA) is reportedly removing radars from its crossover Model Y in China. What Happened: Tesla is removing radars from China-made Model Y crossovers, reported CnEVPost. In a list of change filings for current models in China, released by the Ministry of Industry and Information...
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Tesla China February Sales Climb Modestly But Growth Trails Local Stalwarts BYD, Nio And Li Auto
Friday, March 3, 2023 - 6:59am | 431Tesla Inc.’s (NASDAQ: TSLA) China sales climbed solidly in February, thanks to a series of downward price adjustments the electric vehicle maker has been implementing since late last year. What Happened: Tesla’s February sales rose 31.7% year-over-year to 74,402 units, preliminary...
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Tesla China Sales Reportedly Rise Following January Price Cuts: Has Momentum Returned To Robust Q4 Levels?
Tuesday, February 28, 2023 - 12:21pm | 389Tesla Inc.’s (NASDAQ: TSLA) recent price cuts in China have boosted sales but not by as much as it would have desired. What Happened: Tesla’s electric vehicle sales nearly doubled in the week ended Feb. 20 to 10,703 units compared to the previous week, data from China Merchants...
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Tesla Can't Wish Away China Volume Woes Through Price Cuts: Report Flags 'Serious Problem'
Monday, February 13, 2023 - 5:35am | 636China holds the key for Tesla Inc (NASDAQ: TSLA) to defend its dominant share of the electric vehicle market. An aggressive pricing strategy alone may not help the company to rev up things in China after the recent sluggishness, stated a report. What Happened: As Tesla’s China...
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Elon Musk Forces Bears Back Into 'Hibernation' As Tesla Delivers In 'Epic Fashion'
Thursday, January 26, 2023 - 11:13am | 409Tesla Inc. (NASDAQ: TSLA) quelled the Street anxiety with stellar fourth-quarter results on Wednesday. The Tesla Analyst: Wedbush’s Daniel Ives maintains an Outperform rating on Tesla shares, raising the price target from $175 to $200. The analyst attributed the price hike to improved...
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Elon Musk Says Tesla's Closest EV Competitor Won't Emerge From US — But This Country
Thursday, January 26, 2023 - 7:07am | 545Tesla Inc. (NASDAQ: TSLA) is the frontrunner in the electric vehicle race, although its global market share has eroded amid competition from upstarts and legacy automakers transitioning to EVs. What Happened: Tesla CEO Elon Musk Musk said he wasn't really able to look into the future...
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Tesla China's 'Success Story Back On Track,' Says Analyst: 76% EV Buyers Prefer Model 3, Y Over BYD, Nio
Friday, January 20, 2023 - 1:45am | 457The fears concerning demand slowdown for Tesla Inc. (NASDAQ: TSLA) in China may have been ill-founded, an analyst from Wedbush said. The Tesla Analyst: Daniel Ives maintained an Overweight rating and $175 price target for the Tesla stock. The Tesla Thesis: About 76% of Chinese electric...
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Tesla's Addressable Market 'Just Exploded,' RIP Everyone Trying To Compete: Twitter Reacts To US Price Cuts
Friday, January 13, 2023 - 5:44pm | 555Tesla Inc (NASDAQ: TSLA) on Friday announced price cuts ranging from 6.4% to 19.7% in the U.S., stirring excitement among its ardent backers on Twitter. What Happened: The move came on the heels of a sharp reduction announced in China on Jan. 6. It was precipitated by worries...
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Tesla Sharply Lowers EV Prices In US: You Can Now Own A Model 3 For Little Under $36,500
Friday, January 13, 2023 - 4:10am | 703Tesla Inc. (NASDAQ: TSLA), which sharply cut prices of its Made-in-China vehicles at the start of the year, has broadened the downward adjustment to the U.S. What Happened: Tesla has drastically cut its vehicle prices in the U.S., with the reductions ranging from 6.4% to 19.7%, amid...
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Tesla's Price Cuts In China Stoke Demand — 10,000 Units Delivered In One Day, Says Report
Tuesday, January 10, 2023 - 5:17am | 451Tesla Inc.’s (NASDAQ: TSLA) steep price cuts in China appear to have produced the desired results. What Happened: Tesla delivered over 10,000 vehicles on Friday, the day when it announced price cuts ranging from 5.7% to 13.5%, CnEVPost reported, citing a local media outlet. The...
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After China Price Cuts, Tesla Offers Discounts In Another Asian Country
Monday, January 9, 2023 - 4:09am | 247Tesla, Inc. (NASDAQ: TSLA) has broadened downward price adjustments in more countries as it prioritizes volume over margins. What Happened: The Austin, Texas-based electric vehicle maker has begun offering a discount of $5,000 for customers in Singapore who have come forward to exchange their...
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Tesla China And US Pricing Difference Widens Further: Model 3, Y EVs Now Up To 32% Cheaper In Asian Country
Friday, January 6, 2023 - 2:00pm | 465Tesla Inc. (NASDAQ: TSLA) announced a fresh round of price cuts in China and the latest salvo has created a wide differential between the pricing in the country and the U.S. What Happened: The price changes on Tesla China’s website points to price reductions in the range of 5.7%-13.5%....
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Tesla's China Price Cuts Spark Stock Plunge Over Margin Worries — But Analysts Say It's Actually A 'Smart Move'
Friday, January 6, 2023 - 9:33am | 586Analysts largely welcomed Tesla Inc.’s (NASDAQ: TSLA) decision to cut vehicle prices yet again in China. The company’s updated pricing on its China website showed the reductions range between 5.7% and 13.5%. Tesla’s Margins Resilient: Pierre Ferragu of New Street Research...