Tesla (TSLA) introduces updated Model 3 in North America

Tesla (TSLA) trades down following price cuts in China

January 12, 2024 7:53 AM EST

Shares of Tesla (NASDAQ: TSLA) are down more than 3% in pre-market trading Friday morning after the electric automaker officially reduced the price of their Model 3 and Model Y in China, with cuts ranging from Rmb6.5k to Rmb15.5k.

According to channel checks conducted by Morgan Stanley, the reduction was more moderate than what the... More

Shares fall as Tesla (TSLA) announces increased pay for U.S. workers

January 11, 2024 9:31 AM EST

Shares 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 EST

In 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

Futures broadly higher, Bitcoin swings after fake SEC post - what's moving markets

January 10, 2024 5:40 AM EST

Investing.com -- U.S. stock futures were mostly higher on Wednesday with crucial inflation data out of the world's economy coming later this week. Elsewhere, the price of Bitcoin swings wildly following a false post on the Securities and Exchange Commission's account on social media platform X, while Boeing's (NYSE: BA) chief executive admits that a mid-air fuselage breach last week was the planemaker's "mistake."

1. Futures broadly higher

U.S. stock futures edged mostly into the green on Wednesday as investors awaited the release of key... More

Tesla launches restyled Model 3 in North America

January 10, 2024 12:25 AM EST

(Reuters) -Tesla on Wednesday rolled out the restyled version of its Model 3 compact sedan in North America at unchanged prices, months after the vehicle attracted healthy demand upon launch in China and Europe.

The move will refresh Tesla's aging vehicle line-up in its biggest market and follows a price war last year that helped the company meet its annual deliveries goal at the cost of margins.

The revamped version of the long-range and... More

Tesla (TSLA) cuts range estimates on various EV models

January 9, 2024 12:17 PM EST

Tesla (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

Tesla lowers range estimates as U.S. regulators tighten vehicle-test rules

January 9, 2024 10:43 AM EST

By Norihiko Shirouzu

(Reuters) -Tesla has lowered driving-range estimates across its lineup of electric vehicles as a new U.S. government vehicle-testing regulation takes effect with the goal of ensuring that automakers accurately reflect real-world performance.

Tesla has historically issued range estimates that overstate what its cars can deliver, prompting widespread complaints from customers, according to some automotive testing experts and a Reuters investigation last year.

Reuters reported in July that the automaker, about a decade ago, rigged the algorithm that controls in-dash range estimates in Tesla vehicles to give rosy projections of how far owners... More

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January 9, 2024 4:26 AM EST

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January 8, 2024 4:26 AM EST

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