Tesla Archives - Wontumi Online

31 Oct

China’s BYD Overtakes Tesla Revenue For The First Time

wontumionlineBusinessBYD, Tesla

The Chinese electric vehicle giant BYD has seen its quarterly revenues soar, beating Tesla's for the first time. It posted more than 200bn yuan ($28.2bn, £21.8bn) in revenues between July and September. This is a 24% jump from the same period last year, and more than Elon Musk's company whose quarterly revenue was $25.2bn. However, Tesla still sold more electric vehicle (EVs) than BYD in the third quarter. It comes as EV sales in China have been getting a boost from government subsidies to encourage consumers to trade their petrol-powered cars for EVs or hybrids. BYD also notched a monthly…

11 Oct

Elon Musk Reveals Tesla’s Robotaxi And Robovan

wontumionlineBusinessTesla, we robot

Elon Musk showed off Tesla’s upcoming driverless taxi at its “We, Robot” on Thursday evening. The unveiling took place on a lot in Warner Bros. Discovery’s movie studio in Burbank, California. The location allowed Tesla to show off its autonomous driving capabilities without running into any unexpected situations with traffic. Musk walked into the event and entered a sleek-looking silver Robotaxi, a two-door vehicle that opened upward with butterfly-style doors. The Robotaxi, also referred to as Cybercab, then took Musk on a ride around the lot before he exited to kick off the event. Musk said the Robotaxi has no steering wheel or pedals…

13 Jan

Tesla Extends Price Cuts To U.S., Europe To Drive Demand

wontumionlineBusinessTesla

Tesla (TSLA.O) has slashed prices on its electric vehicles in the United States and Europe by as much as 20%, extending a strategy of aggressive discounting after missing Wall Street estimates for 2022 deliveries. The move, which prompted a 4.5% fall in Tesla's shares in pre-market U.S. trade, came after CEO Elon Musk warned that the prospect of recession and higher interest rates meant it could lower prices to sustain volume growth at the expense of profit. The lower pricing across Tesla's major markets marks a reversal from the strategy the automaker had pursued through much of 2021 and 2022…

29 Dec

Apple And Tesla Shares Tumble Amid Supply Issues

wontumionlineBusinessApple, Tesla

Apple and Tesla stocks have tumbled over growing concerns about delays in their production lines in China. Apple shares hit their lowest point since June 2021. Tesla's stock has dropped 73% from a record high in November 2021. Companies have struggled to keep production going in China due to Covid restrictions and weeks of lockdowns. Now they are facing a staffing crunch as China battles a Covid wave after lifting years of restrictions. China announced that it will lift its strict quarantine rules for travellers on 8 January, a positive sign for many investors who are seeing an ease in…