Tesla (TSLA) to offer cash bonus to new buyers of its EVs in China

Mercedes-Benz doubles EV sales in 2Q

July 11, 2023 9:48 AM EDT

German luxury automaker, Mercedes-Benz released their second quarter sales results Tuesday, reporting a 6% rise in sales (to 515,700 vehicles) compared to the same time last year. According to Mercedes, Electric vehicles continued to be the main growth driver in the quarter, with passenger cars sales more than doubling (123%) to reach 56,300... More

Tesla laying off some workers at Shanghai, China plant - Bloomberg

July 7, 2023 10:14 AM EDT

Investing.com -- Tesla, Inc. (NASDAQ: TSLA) is laying off some electric vehicle battery workers at its plant in Shanghai, according to a Bloomberg News report citing unnamed people familiar with the matter.

The report noted that it was not yet... More

Tesla (TSLA) picks up two more Wall Street price target hikes

July 7, 2023 8:54 AM EDT

Wall Street analysts continue to hike their price targets on Tesla (NASDAQ: TSLA) following the EV giant's better-than-expected June delivery report and as the stock continues to power higher. In the last 24 hours, two more analysts hiked their price targets.

On Sunday, Tesla announced that in the second quarter, they produced nearly 480,000 vehicles and delivered over 466,000 vehicles. This beat the consensus of 448,350 deliveries.

Mizuho analyst Vijay Rakesh's... More

Tesla, Levi Strauss fall premarket; Meta, Alibaba and Rivian rise

July 7, 2023 8:34 AM EDT

Investing.com -- U.S. futures traded largely unchanged Friday, with investors cautious ahead of the release of the widely watched monthly official jobs report, which could provide more clues as to the Federal Reserve's intentions at its next meeting later this month.

Here are some of the biggest premarket U.S. stock movers... More

Tesla rolls out customer referral incentive globally as EV price war heats up

July 7, 2023 8:32 AM EDT

By Chavi Mehta

(Reuters) -Electric-vehicle maker Tesla rolled out a new program globally allowing buyers to get extra incentives through referrals from existing customers, a strategy long used by traditional automakers to boost sales.

The incentive, which Tesla dubbed as "Refer and Earn" on its websites, is equivalent to $500 in cashback for buyers in the U.S. who purchase the Model 3 or Model Y. The U.S. incentives also include three months of its Full Self-Driving feature.

The program was rolled out in Tesla's largest markets, including the United States, China, Germany, France, Canada, Mexico, Hong Kong... More

Active options: TSLA META AAPL AMZN NVDA AMD RIVN MSFT

July 7, 2023 4:26 AM EDT

Active options: TSLA META AAPL AMZN NVDA AMD RIVN MSFT

... More

Tesla offers cash rebate on top models in China

July 7, 2023 12:48 AM EDT

(Corrects range of price cuts in Japan in last paragraph to between 3% and 4%, not 3% and $5)

BEIJING (Reuters) - Tesla on Friday said it would offer new buyers of its top-selling electric vehicles in China a cash bonus equivalent to almost $500 if they have a referral from an existing owner, deepening a price war in the world's largest market for EVs.

Tesla said it would offer new buyers of its Model Y and Model 3 vehicles a cash rebate of 3,500 yuan ($483) if they could cite a referral from an existing owner.

Tesla also said new buyers would... More