Tesla lowers range estimates as U.S. regulators tighten vehicle-test rules
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Shares fall as Tesla (TSLA) announces increased pay for U.S. workers
January 11, 2024 9:31 AM ESTShares of electric vehicle giant, Tesla (NASDAQ: TSLA) are trending down more than 1.5% in pre-market trading Thursday morning after it was announced that the company notified workers at its California car plant of pay increases across its US factories.
This announcement marks the latest bump by a nonunion automaker as the United Autoworkers Union (UAW) works to increase membership in the U.S.
Tesla's facility in Fremont, California, has announced a "market adjustment pay... More
Data shows VW, Toyota lose market share in 2023
January 10, 2024 8:22 AM ESTIn the latest industry data out of China revealed on Wednesday, Volkswagen and Toyota Motor (NYSE: TM)) witnessed a decline in their share of the world's largest auto market. This decrease occurred as established global carmakers yielded ground to their Chinese counterparts.
Specifically, VW's two joint ventures in China with FAW and SAIC collectively held a 14.2% share in sales for the year 2023. This figure marks a decrease from their... More
Tesla (TSLA) introduces updated Model 3 in North America
January 10, 2024 8:05 AM ESTTesla (NASDAQ: TSLA) introduced the redesigned iteration of its Model 3 compact sedan in North America on Wednesday, maintaining its prices despite the refresh. This update comes after the vehicle garnered significant interest upon its debut in China and Europe.
The move aims to rejuvenate Tesla's aging vehicle lineup within its primary market. It follows a price competition last year that enabled the... More
Tesla (TSLA) cuts range estimates on various EV models
January 9, 2024 12:17 PM ESTTesla (NASDAQ: TSLA) has has revised its electric vehicle driving-range estimations downward as a response to a new U.S. government regulation aimed at ensuring accuracy in reflecting real-world performance by automakers.
On its website, Tesla updated the driving range estimates for its 2023 X, S, Y, and 3 variants compared to previous versions found on a U.S. government website. The Model Y Long Range EV, for instance, now shows an estimated range of 310 miles on Tesla's site, while the government's EPA-managed fuel economy... More
