Discover how Tesla's pricing strategies in Europe and Musk's demands for control are shaking things up in the EV market.
In a whirlwind of events, Tesla made headlines by slashing Model Y prices in Germany and across Europe after facing fierce competition from Volkswagen. The price cuts followed similar reductions in China, prompting speculations and market reactions. Meanwhile, Elon Musk, Tesla's CEO, stirred up the scene by demanding a larger stake in the company in exchange for his AI work, causing ripples in the stock market and raising questions about his influence.
On the pricing front, Tesla's strategic moves in different markets indicate a shift in the EV landscape, with implications for both customers and competitors. The tug-of-war between Tesla and other giants like Volkswagen and BYD is heating up, setting the stage for an exciting showdown in the electric vehicle arena. The market dynamics are evolving rapidly, with Musk's power play adding an extra layer of intrigue to the unfolding saga.
Turning to the personalities behind the scenes, Elon Musk's bold demands and strategic maneuvers are captivating the attention of investors and industry watchers. His quest for more control over Tesla and the implications for the company's future trajectory are topics of hot debate. Additionally, Volkswagen's ascent as a major player in the German EV market and BYD's role in the pricing wars add spice to the unfolding narrative.
Amidst the price cuts, power plays, and market fluctuations, the electrifying world of Tesla and its competitors continues to fascinate audiences worldwide. Stay tuned for more twists and turns as the EV saga unfolds, with each development adding a new layer of drama to the high-stakes game in the automotive industry.
Tesla Inc has slashed prices of its Model Y cars in Germany, where it lost the spot as top electric vehicle seller to Volkswagen in 2023, a week after the ...
Tesla cut prices for its Model Y cars in markets across Europe, not long after announcing similar price cuts for its Model 3 and Model Y cars in China.
Tesla has been overtaken by Volkswagen (XE:VOW3) as the largest EV seller in Germany, the report said, citing government data. Tesla shares have stumbled out of ...
Shares of automaker Tesla Inc fell more than 2% before the market opened. Overnight, the company decided to cut prices of the Model Y in Europe.
Benzinga - by Anan Ashraf, Benzinga Editor. EV giant Tesla Inc (NASDAQ:TSLA) has reduced the prices of its Model Y SUV in Germany by up to 9%, equivalent to ...
EV giant cuts prices in Germany by more than $5000, after trimming prices in China.
Tesla's price cuts in China couldn't prevent the EV maker shedding 7% of its share price as BYD and Volkswagen turn up the heat.
It also cut the price of its Model Y Performance by €5,000 to €55,990, an 8% discount. The automaker joined Volkswagen and BYD in reducing prices after the ...
Germany and France are the biggest EV markets in Europe, with Norway a significant market as well. The new Tesla price cuts have come even as Tesla Berlin is ...
Elon Musk, the CEO of Tesla, stunned investors by demanding shares worth more than $80 billion if the company's board wants him to continue developing ...
Tesla (TSLA 0.47%) has pioneered the use of artificial intelligence (AI) in autonomous driving. The company has also made significant advances in robotics, ...
In a post on X, Musk said he would feel "uncomfortable" expanding Tesla's AI and robotics capabilities without controlling 25% of the votes.
Tesla shares moved lower again Wednesday, extending their January decline to around $90 billion, after unveiling its second round of price cuts in as many ...
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Tesla shares fell after it reduced prices in Germany, France, Norway, and the Netherlands, just a week after slashing prices for its Model 3 and Model Y ...
In freezing temperatures, the batteries of electric vehicles can be less efficient and have shorter range, a lesson many Tesla drivers in Chicago learned ...
One Tesla owner said he saw at least 10 cars get towed from a charging station after running out of battery and dying.
Seeking to accelerate Tesla's plans to open to its new engineering headquarters, the City Council approved a deal with the car giant on Monday to expedite ...
Tesla owners in the Chicago metropolitan area are reporting that they are struggling to charge their electric vehicles (EVs) in recent cold temperatures as ...
Regaining 25% control of the automaker would require "the effective dilution of other investors stakes," JPMorgan analyst Ryan Brinkman wrote.
Tesla stock has retreated more than 11%, falling below key levels of support, as analysts await news on auto gross profit margins.
Even skeptics assume the CEO will get the massive stock award he seeks, which undermines his argument for it.
Tesla owners and people with other electric vehicles are finding that cold winter weather is impacting their EV battery.
The cold temperatures are turning up the heat on Elon Musk and his electric vehicles. As record-breaking gusts crept into Chicago in the coldest temperatures ...
CHICAGO -- Tesla drivers are struggling to charge their vehicles in the Chicago-area, as many charging stations are not working amid the freezing cold ...
A Tesla speaks: 'What do I think about these temperatures and us cars? I'll tell you what I think – IT'S FREAKIN' COLD OUT HERE!'
CHICAGO -- Tesla drivers are struggling to charge their vehicles in the Chicago-area, as many charging stations are not working amid the freezing cold ...
As their car batteries quickly lose charge, EV owners have been stuck in hours-long lines.
EVs also don't charge as quickly in extreme cold. Some Tesla owners near Chicago told reporters their cars wouldn't charge at all.
Robotics startup Figure said it has signed a partnership with BMW Manufacturing to deploy its humanoid robots in the car maker's facility in the U.S., ...
Simply sign up to the Technology myFT Digest -- delivered directly to your inbox. Hello everyone, this is Akito in Singapore with this week's #techAsia. The ...
Musk warned earlier this week that for him to steer the all-electric carmaker to become a global leader in artificial intelligence and robotics, he'd need even ...
Musk is currently the electric vehicle maker's largest stockholder, with about 13% ownership in the company, as of the third quarter of 2023. But his stock ...
Tesla China is to launch a nationwide tour to showcase its flagship Cybertruck pickup in its second-largest market, the company said on Chinese social media ...
Tesla stock has fallen in January amid fresh vehicle price cuts. Model Y prices are now often lower than than for the Model 3.
“We are excited that Tesla has chosen to call Fountain Inn home for their first facility in South Carolina,” said City of Fountain Inn Mayor GP McLeer. “This ...
Porsche and Tesla sales rates fell the most in 2023 across the EU, U.K. and EFTA countries, followed by Ford, Stellantis and Renault, Citi analysts said in ...
No, that's not an abominable snowman growing a new layer of ice while sitting in the parking lot. It's a Tesla. The cold temperatures are turning up the ...
"Tesla isn't very good at explaining some things," says Bruce Westlake of the Eastern Michigan Electric Vehicle Association.
Tesla will open a regional distribution center in Greenville County, South Carolina, in early 2024.
(WCIV) — Electric vehicle manufacturer Tesla will open a regional distribution center in Greenville County, South Carolina in the early part of 2024. The center ...
Hertz recently announced it was selling 20000 electric cars out of its fleet, and replacing them with gasoline vehicles. One reason the company gave was ...
Tesla will open its doors for a regional distribution center in Fountain Inn, representing a major investment in operations in South Carolina.
Elon Musk wants more control at Tesla. Alessia Pierdomenico/Bloomberg via Getty Images. Hi folks, senior tech reporter Kylie Robison here. This week, the ...
Tesla, a leading manufacturer of electric vehicles, will open a vehicle parts distribution center in Fountain Inn's Fox Hill Business Park.
The Chicago resident was one of many struggling to keep her Tesla vehicle charged in the bitterly cold temperatures that have plagued the city this week.
FOUNTAIN INN, S.C. ( ...
The EV maker announced Thursday that it would open a distribution and logistics location in Fountain Inn, in Greenville County.
There is without a doubt no automaker CEO more linked to their auto brand than Elon Musk and Tesla. In fact, it's hard to think of another company in which ...
If the $690 billion Tesla faces an unravelling, Twitter might have gotten the ball rolling. Boss Elon Musk wants 25% voting control of the carmaker, ...
CHARLOTTE — The cold weather sweeping the U.S. is having an impact on electric vehicles, and one owner of a Tesla says his car just died in the middle of a ...