
Tesla Hikes Price for Model S and X Cars in China by $2,747
Following months of repeated price cuts, Tesla has raised the price of some of its EV offerings in China to remain competitive.
Following months of repeated price cuts, Tesla has raised the price of some of its EV offerings in China to remain competitive.
The 422,875 deliveries Tesla made for Q1 2023 surpassed the company’s previous record of 405,278 in Q4 2022.
The Tesla Model S Plaid car set a 7:30:909 Nürburgring lap record without enhancements, as company readies the vehicle for the market.
Elon Musk said that the upcoming Plaid version is so good itself that he sees no point in launching any premium upgrade for the same.
Reports suggest that what seemed to be a redesigned version of the Tesla Model S may also be a prototype of the looming Model S Plaid.
Tesla revealed its readiness to do everything to continue offering favorable car pricing and introducing price slashes when necessary.
The price slash in the Model S which came without much explanation from Tesla is certainly not a means to compromise on the quality.
Electric vehicle startup Lucid Motors has unveiled its first production unit dubbed, Lucid Air. The model is seen to be a copycat of the Tesla Model S sedan.
Nio stock price is rising. Deliveries in July have reached record highs. The Chinese company may become a serious competitor to Elon Musk’s Tesla.
After earlier predicting a bear target price for Tesla, Brian Johnson recently made more negative comments on the company’s stock and sales. TSLA stock is up today.
Tesla has reduced the price of its Model Y SUV by $3,000 after cutting prices of the Model 3, Model S and Model X up to $5,000 in May. Meanwhile, TSLA stock is 3% up in the pre-market.
Tesla investors are beginning to short the company’s stock. As a result, the automaker is poised to hit the $20 billion short-interest threshold.
While Tesla has exceeded Toyota on market value, it is still falling behind the Japanese company by a wide margin on actual car production. Tesla stock closed at $1,119.63 on July 1. After-hours, it added another 1.55% to reach $1,137.00.
Tesla (TSLA) stock jumped over 2% in the pre-market to trade at around $1,000. The company announced that the price of its Model S Long Range Plus will be reduced by $5,000.
Before now, Tesla has already hit three targets that allow Elon Musk to exercise the stock options. They included $100 billion in average market cap in a 30-day period, $20 billion revenue, and $1.5 billion in earnings before adjustments.