Tesla doubles discounts on Model 3 cars in US inventory
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GM’s Mary Barra pushes back against autonomous vehicles doubters
June 2, 2023 1:44 PM EDTGeneral Motors (NYSE: GM) CEO Mary Barra spoke at a Sanford Bernstein conference Friday where she doubled down on her confidence that the company will experience significant growth opportunities in the autonomous vehicle industry over the next decade.
Barra restated her prediction that Cruise could generate $50 billion a year in annual revenue by... More
Tesla’s (TSLA) price cuts drive online traffic spike
June 2, 2023 7:48 AM EDTCiti has recently revised their "mindshare" tracker for electric vehicles (EVs), which keeps tabs on web traffic related to EVs. This tracker evaluates the level of engagement on websites associated with the overall EV market, as well as specific brands or companies, with the latter serving as a possible predictor of future EV market share and brand... More
Analysts watch closely as Chinese EVs battle for market share in Europe
June 1, 2023 10:24 AM EDTAs new EV competitors push into Europes mass market segment, how much market share will they be able to take? Analysts are keeping a close eye on the next 24 months for significant indicators of the potential risks that incumbent European automakers may face and the extent to which their market share could be at stake.
The annual sales of new cars in Europe far surpass $100 billion. With the increasing adoption of battery electric vehicles (BEVs) in Europe, the market will witness a steady flow of highly competitive offerings from established companies as well as new... More
Tesla (TSLA) amps up discounts on U.S. Model 3 inventory
June 1, 2023 9:13 AM EDTIn the face of economic uncertainty, increased competition, and the impending redesign of its flagship model, Tesla Inc (NASDAQ: TSLA) has significantly boosted discounts on select already made new Model 3 electric cars. Additional discounts are also being extended to the Model Y and other vehicles in its U.S. inventory, aimed at enticing potential buyers.
In California, Tesla's website reveals that a Model 3 variant available in their inventory is... More
