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  • Tesla will shoot for volume over profit: Elon Musk
    Automotive

    Tesla will shoot for volume over profit: Elon Musk

    April 20, 2023 /

    Tesla missed market place estimates for initial-quarter overall gross margin immediately after slicing price ranges in the U.S. and globally. Tesla noted whole gross margin of 19 p.c, in comparison with anticipations of 22 p.c, in accordance to analysts polled by Refinitiv info cited by Reuters. The EV maker’s internet money through the newest time period dropped 24 per cent to $2.5 billion. Tesla described world deliveries of 422,875 in the initial quarter, a 4.3 {515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} boost in comparison with the past quarter. The compact quarter-on-quarter expansion implies rate cuts were necessary to preserve momentum amid climbing EV competition and increased curiosity fees. The EV maker possible sold 161,630 autos…

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    Stellantis 2022 earnings strong despite logistics, chip problems

    Stellantis 2022 earnings strong despite logistics, chip problems

    February 23, 2023
    Musk says SpaceX shares could have helped fund taking Tesla private

    Musk says SpaceX shares could have helped fund taking Tesla private

    January 24, 2023
    Ford CEO Jim Farley fights corporate dysfunction, $8 billion disadvantage

    Ford CEO Jim Farley fights corporate dysfunction, $8 billion disadvantage

    February 21, 2023
  • U.S.-China Trade War Over Technology Heats Up; What It Means For Apple, Micron, Tesla
    Technology News

    U.S.-China Trade War Over Technology Heats Up; What It Means For Apple, Micron, Tesla

    April 16, 2023 /

    The U.S.-China trade war being fought over technology has been surprisingly one-sided. But that’s changing. X For nearly four years, Beijing held back — even after the U.S. went for the jugular last fall with broad-based bans on sales of design software, semiconductor manufacturing equipment and advanced chips from companies like Nvidia (NVDA) and Advanced Micro Devices (AMD) to Chinese firms. Those measures amounted to a “policy of actively strangling large segments of the Chinese technology industry — strangling with an intent to kill,” wrote Center for Strategic and International Studies senior fellow Gregory Allen. China Appeared Penned In Yet Beijing appeared to be in no position to retaliate. It…

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    Francis McGee Comments Off on U.S.-China Trade War Over Technology Heats Up; What It Means For Apple, Micron, Tesla

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    Looking beyond “technology for technology’s sake” | MIT News

    Looking beyond “technology for technology’s sake” | MIT News

    November 30, 2022
    Tech News to Know This Week: Jan. 3-10, 2023

    Tech News to Know This Week: Jan. 3-10, 2023

    January 3, 2023
    Chill pervades China’s tech firms even as crackdown eases

    Chill pervades China’s tech firms even as crackdown eases

    February 4, 2023
  • Tesla Becomes Most Valuable Automotive Brand In The World
    Automotive

    Tesla Becomes Most Valuable Automotive Brand In The World

    April 12, 2023 /

    Tesla just a short while ago surpassed Mercedes-Benz and Toyota to turn into the most useful automotive model globally. The US EV maker moved up two places on the listing of automotive manufacturers and is now valued at a whopping $66.2 billion. Tesla has been through some hard moments in excess of the past couple years, while 2023 has been arguably constructive thus much. The model opened the yr with key cost cuts that are nonetheless underway, which is producing a lot grief for rival manufacturers. Even though the US automaker’s stock still just isn’t spiking as some investors may well have anticipated, Tesla’s benefit is growing when competing brand…

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    Top 10 automotive designs of 2022

    Top 10 automotive designs of 2022

    December 27, 2022
    Automotive LiDAR Market to value USD 100 Billion by 2032: Global Market Insights Inc.

    Automotive LiDAR Market to value USD 100 Billion by 2032: Global Market Insights Inc.

    December 6, 2022
    Why repairs are taking so long at Michigan auto garages

    Why repairs are taking so long at Michigan auto garages

    January 30, 2023
  • Tesla cuts prices again as EV incentive halved for base Model 3
    Automotive

    Tesla cuts prices again as EV incentive halved for base Model 3

    April 8, 2023 /

    Tesla also outlined a new variation of the Product Y crossover for client orders with a reduced foundation selling price and a lot less range than the earlier base trim. The new base edition is known as Product Y while the preceding entry edition was the Product Y Extensive Variety. After Thursday’s price cuts, the automaker listed the foundation Model 3, with a one motor and rear-wheel travel, at $43,630 with shipping for a $1,000 reduction. The base Model 3 is the only Tesla in the U.S. that utilizes a lithium-iron-phosphate battery with cells from China. The new EV credit rating is primarily based partly on regional battery assembly and…

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    Can I give car to automotive students?

    Can I give car to automotive students?

    February 13, 2023
    GM plans $2B in cost cuts after record 2022 earnings

    GM plans $2B in cost cuts after record 2022 earnings

    February 1, 2023
    GM’s Mary Barra leads 2023 Automotive Hall of Fame class

    GM’s Mary Barra leads 2023 Automotive Hall of Fame class

    February 11, 2023
  • China’s Automotive Slowdown: Tesla And The EV Startups (NASDAQ:TSLA)
    Automotive

    China’s Automotive Slowdown: Tesla And The EV Startups (NASDAQ:TSLA)

    March 11, 2023 /

    Xiaolu Chu Introduction The sales year started off with a whimper. First, the covid stimulus package for the auto industry – a cut from June 1-Dec 31 of the car sales tax from 10{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} to 5{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} – expired. Those planning to buy cars in early 2023 instead made their purchases last year. In addition, the Chinese central government has been winding down its incentives for New Energy Vehicles (NEVs) for several years. They, too, expired at the end of 2022. That pulled planned NEV sales from 2023 into 2022, over and above the impact of the covid tax cut. In other words, electric vehicle (“EV”) sales in late 2022 were…

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    Francis McGee Comments Off on China’s Automotive Slowdown: Tesla And The EV Startups (NASDAQ:TSLA)

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    Stellantis 2022 earnings strong despite logistics, chip problems

    Stellantis 2022 earnings strong despite logistics, chip problems

    February 23, 2023
    The UK car industry’s prospects go from bad to worse

    The UK car industry’s prospects go from bad to worse

    November 27, 2022
    Tesla Becomes Most Valuable Automotive Brand In The World

    Tesla Becomes Most Valuable Automotive Brand In The World

    April 12, 2023
  • Tesla stock pops after China sales jump year-over-year
    Finance News

    Tesla stock pops after China sales jump year-over-year

    March 5, 2023 /

    Tesla (TSLA) stock jumped Friday right after the automaker noted potent China product sales. Tesla’s wholesale shipments for February from its China factory rose 32{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} from a year ago to 74,402 autos, according to China’s Passenger Auto Affiliation (CPCA). That also figure represents a 13{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} soar month around thirty day period from January. Shares of the EV maker have been up almost 3.6{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} Friday. The boost in February shipments is not surprising presented that CPCA reported February sales of new vitality automobiles, which include battery electric powered and hybrid profits, rose by 30{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} overall. And it mentioned last month that January would be a “weak” month for in general profits…

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    Bank of England delays bond sales, launches temporary purchase program

    Bank of England delays bond sales, launches temporary purchase program

    September 28, 2022
    Stocks slide after jobs report shocks, Big Tech results disappoint

    Stocks slide after jobs report shocks, Big Tech results disappoint

    February 4, 2023
    Stock futures muted, bond yields rise

    Stock futures muted, bond yields rise

    March 29, 2023
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