Tag: Tesla Motors Inc. (NASDAQ: TSLA)

December 29, 2023 BY Elizabeth Anderson

Xiaomi unveils SU7 competing with Tesla and Porsche

Positioned as a C-Class performance sedan, the SU7 is based on Xiaomi's Modena Architecture and features HyperEngine electric motors with impressive capabilities. The electric sedan comes in two variants: the dual-motor all-wheel-drive SU7 Max and the single-motor rear-wheel-drive SU7. Key innovations include the use of die casting machines with a clamping force of 9,100 tons,…

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December 27, 2023 BY Elizabeth Anderson

Tesla is losing EV race to Buffett-backed BYD

According to Bloomberg, China-based BYD is expected to achieve this milestone in the current quarter. China, now a key contender in global passenger car exports, shipped 1.3 million EVs out of 3.6 million total vehicles as of October this year. Despite BYD being relatively unknown outside China, its success is evident through substantial investments, including Warren…

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December 06, 2023 BY Elizabeth Anderson

Tesla rolls out more EVs in China ahead of global target reviews

The registrations, reported by CnEVPost, do not calculate the separate Model 3 and Model Y registrations; rather, the figure totals both registrations and pits against competitor electric vehicle (EV) manufacturers. According to the data, Tesla’s sales for November decreased 17.8% when compared to the same period last year, with this drop including Chinese exports in…

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November 29, 2023 BY Elizabeth Anderson

EV manufacturer Rivian receives investment from US retirement funds

However, The California Public Employees’ Retirement System's (CalPERS) recent investments in several EV companies have sparked investor interest, indicating a dynamic landscape. The EV startup Rivian (RIVN.O) has received the highest investment so far, with seven other pension schemes attempting to cash in, including The Teacher Retirement System of Texas and the Maryland State Retirement…

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August 04, 2016 BY Valentina Kirilova

Tesla shares drop 6% this year, although vehicle orders rise 67%

Tesla Motors, Inc. (NASDAQ: TSLA) has reported a Q2 loss, way greater than analysts had forecast, as well as revenues that fell short of expectations. The electric-car maker's reported a second-quarter adjusted loss of $1.06 per share on $1.56 billion in sales. That's more than double the loss analysts, on average, were expecting. “How do…

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