Tesla has cut the prices of Model 3 sedans in China yet again, a sign of heightened competition in the world’s largest EV market.
With a higher base price and lower reservation costs, Tesla’s Cybertruck could see a higher number of cancellations compared to Model 3.
Tesla’s stock (NASDAQ: TSLA) is leading the pack of pre-market losers in Thursday’s trading session. Ahead of the opening bell, the electric carmaker’s stock is down nearly 5%. After closing Wednesday at $243.13 per share, the stock of the Model 3 maker is now trading below the $232 level after falling by 4.79%. This comes … Read more
By CCN.com: Elon Musk is being hailed as a hero, at least by one Tesla Model 3 driver. Electrek reports that a rear-ended Tesla Model 3 was about to ram into a vehicle in front of it. But the autopilot system took over in the nick of time and performed an evasive maneuver to prevent … Read more
By CCN.com: The core computer of Tesla’s Chinese-made Model 3, known as the ‘Brain’, was rejected for exclusion from Donald Trump’s 25% tariffs. Tesla had applied for exclusion from the surcharge placed on Chinese-made goods but was rejected. The product was deemed too important to China in the trade war. Tesla Wins No Favors in … Read more
It’s all hands on deck at Tesla as the electric car-maker is scrambling to meet its delivery numbers. Producing the Model 3 (the company’s more affordable, “mass-produced” car) has put the company through, as Elon Musk has said, “Production Hell,” and they are now in “Logistics Hell.” What does this mean? Essentially, Tesla couldn’t make … Read more
Tesla’s long-promised $35,000 Model 3 is finally here – along with bad news for the firm’s sales and marketing staff, according to the carmaker’s CEO Elon Musk.
In an email that Musk sent to employees, the Tesla chief disclosed the company’s decision to move all sales online. Consequently, the electric carmaker will shutter many brick and mortar stores making some employees redundant, CNBC reports. This was driven largely by consumer trends, according to Musk:
Tesla’s ending of the customer referral program last month was not in vain as buyers of the Model 3 will now be able to save more than a thousand dollars on their purchase. According to CNBC, the price of the Model 3 has been reduced by $1,100. It will now cost $43,000 to drive off … Read more