Tesla Faces Production Reduction in China, Shares Drop Amidst Market Challenges

Tesla Faces Production Reduction in China, Shares Drop Amidst Market Challenges

Tesla, the prominent Electric Vehicle (EV) manufacturer, is grappling with a production slowdown at its Shanghai plant in China, resulting in a nearly 4% decline in its share price amidst intensifying market competition and sluggish sales growth. Recent reports indicate that Tesla has scaled back production of its Model Y and Model 3 vehicles in…

From 9mm to .50 Cal: Discovering if the Tesla Cybertruck Really is Bulletproof

From 9mm to .50 Cal: Discovering if the Tesla Cybertruck Really is Bulletproof

In a bid to put Elon Musk’s bold claims to the test, the YouTube channel JerryRigEverything has subjected the Tesla Cybertruck to a barrage of firearm rounds, ranging from a 9mm Glock 19 to a formidable .50 calibre rifle. Zack Nelson, the host renowned for his rigorous smartphone durability tests, shifted his focus to the…

Tesla’s Berlin Plant Shuts Down After Arson Attack on Power Pylon

Tesla’s Berlin Plant Shuts Down After Arson Attack on Power Pylon

Tesla’s manufacturing plant in Berlin, Germany, faced disruption after an arson attack targeted a high-voltage electricity pylon, leading to a halt in production. The assault, claimed by a group identifying as the “Volcano Group,” was detailed in a letter published on the alternative German media platform Kontrapolis. While police in Brandenburg believe the letter’s authenticity,…

Tesla Initiates Recall of 2.2 Million Vehicles Due to Warning Light Font Size Issue

Tesla Initiates Recall of 2.2 Million Vehicles Due to Warning Light Font Size Issue

In response to concerns raised by federal safety regulators, Tesla has issued a recall affecting 2.2 million vehicles on US roads due to an issue with the font size of warning lights displayed on its vehicles. The National Highway Traffic Safety Administration (NHTSA) brought attention to the problem, which was discovered during a routine audit…

Tesla Shares Plummet, Wiping Out $80 Billion Amidst Gloomy Earnings Call
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Tesla Shares Plummet, Wiping Out $80 Billion Amidst Gloomy Earnings Call

Tesla witnessed a sharp decline in its shares, plummeting by 12% on Thursday and erasing a staggering $80 billion in market value. The dip followed the electric car giant’s cautionary statements about decelerating growth in electric car sales and the looming threat posed by Chinese competitors. Closing at its lowest level since December 2022, Tesla’s…

Tesla Faces Sales Growth Setback as Elon Musk Acknowledges Chinese EV Threat

Tesla Faces Sales Growth Setback as Elon Musk Acknowledges Chinese EV Threat

In a surprising turn of events, Tesla, once the leader in global electric vehicle (EV) sales, faced a setback as Chinese automaker BYD claimed the top spot in the fourth quarter of 2023. The competition from Chinese electric car brands has led Tesla to revise its ambitious sales targets, causing a 7.5% drop in Tesla…

Short Sellers Lost More Money Betting Against Tesla Than Any Other Company in 2023
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Short Sellers Lost More Money Betting Against Tesla Than Any Other Company in 2023

Here’s something sure to make Elon Musk smile – short sellers, those investors who placed bets that the value of Tesla shares were going to go down, lost a combined $12.2 billion last year, more than short sellers lost on any other company in 2023. Despite the losses suffered by shorts, Tesla’s shares more than…

Tesla Recalls 1.6 Million Cars in China to Address Autopilot Concerns and Enhance Safety

Tesla Recalls 1.6 Million Cars in China to Address Autopilot Concerns and Enhance Safety

In a move aimed at improving the functionality of its Autopilot driver-assistance system and mitigating collision risks, Tesla is recalling 1.6 million vehicles in China, according to an announcement from China’s State Administration for Market Regulation on Friday. The recall encompasses 1.61 million Tesla cars in China, spanning imported models such as the Model S,…

BYD Surpasses Tesla in Quarterly Electric Vehicle Sales, Eyes Global Dominance
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BYD Surpasses Tesla in Quarterly Electric Vehicle Sales, Eyes Global Dominance

Chinese electric vehicle (EV) manufacturer BYD has emerged as a formidable contender to surpass Elon Musk’s Tesla as the world’s leading EV producer. The company announced on Monday that it achieved a milestone by selling a record 526,000 battery-only vehicles in the final quarter of 2023, fueled by a remarkable 70% surge in December sales….

Study Reveals Tesla Owners Have Highest Accident Rates, While Ram Tops List for Worst Drivers
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Study Reveals Tesla Owners Have Highest Accident Rates, While Ram Tops List for Worst Drivers

New research from LendingTree has unveiled that Tesla owners face a higher likelihood of being involved in car accidents compared to drivers of other car brands. Analyzing data from 30 car brands based on tens of millions of insurance quotes between November 2022 and November 2023, the study reported that Tesla drivers experienced 23.54 accidents…