
Tesla Acquires Germany-based Wireless Charging Startup Wiferion
Although there’s no official word on the cost of acquisition, reports suggest that Tesla must have paid anywhere between $50 million to $100 million.
Although there’s no official word on the cost of acquisition, reports suggest that Tesla must have paid anywhere between $50 million to $100 million.
The previous discounts have positively affected Tesla’s quarterly sales, with the automaker selling 422,875 cars EVs in Q1.
The 422,875 deliveries Tesla made for Q1 2023 surpassed the company’s previous record of 405,278 in Q4 2022.
This latest price cut by Tesla is becoming a trend and it represents almost the third time the firm will be slashing its car prices around the world.
Ford’s Mustang Mach-E debuted at the end of 2019 and started deliveries in 2020. The 2022 Mustang Mach-E starts at just under $44,000.
Following the latest news, Tesla (TSLA) stock closed Wednesday with a 3% fall. The dip continued during Thursday’s pre-market.
Citing massive demand for its popular models, Tesla has updated the prices for its Model 3 and Model Y. However, the immediate concern in short term is that it has very little inventory at this point.
The Tesla Model Y electric SUV comes in two variants and has been manufactured at Tesla’s local Shanghai gigafactory. The Model Y rollover is part of Tesla’s plan to gain a significant market share in China.
Thanks to the outstanding sale of the Tesla Model 3 cars and a greater demand for electric vehicles, the company had an economic relief and a price increase in its shares.
Tesla CEO Elon Musk recalls the moment when the odds were against him and how they managed to pull Tesla from bankruptcy and helped it to become the most-valued automobile company on earth.
In a bid to bolster its stocks’ future, Tesla is aiming to venture into the market of Europe.
The third-quarter results are impressive. Tesla generated $8.771 billion in revenue, which marks a 39% growth year-over-year.
This year, Tesla plans to produce as many as 150,000 Model 3 at its Shanghai facility. Currently, Tesla makes around 11,000 units per month.
Previously, the starting price for Model 3 sedans produced at Tesla’s Shanghai factory with a standard driving range was 271,550 yuan. Now, it will cost 249,900 yuan (or $36,805).
Xpeng Motors, a Chinese electric car manufacturer reportedly raised $400 million ahead of an initial public offering (IPO) in the United States adding onto $500 million that it raised in July.