Commentary The electric vehicle market is growing. Last year, EV sales doubled to a record high of 6.6 million. Is the EV race a sprint or marathon? This question divides commentators. What doesn’t divide commentators, however, is the fact that China is dominating the EV space. And there’s one man—who most people outside of China…
The Mysterious Man Driving China’s EV Dominance
July 18, 2022
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Business & MarketsBusiness Columnistselectric vehicle (EV)Elon MuskLi ShufuOpinionteslaThinking About ChinaZhejiang Geely Holding Group
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Rivian to Address Layoffs at Friday Meeting, Tesla to Cut 229 Jobs
Electric truck maker Rivian Automotive will brief employees on Friday on potential layoffs and plans to suspend some programs as part of a broader restructuring, Chief Executive R.J. Scaringe said in an email sent to employees on Monday evening. Separately, electric-car maker Tesla Inc will permanently shut its office in San Mateo, California, and will…
Analyst Says Tesla’s ‘Growth Story Is Misunderstood’: How It Compares With Legacy Automakers
Tesla, Inc.’s June quarter deliveries showed a 27 percent year-over-year increase, in line with expectations but slower than the 68 percent growth seen in the first quarter. The slowdown was due to a 22-day shutdown of the company’s Giga Shanghai plant. Numbers Mislead The larger impact of China production has been misunderstood, Loup Fund’s Managing Partner…
How Twitter and Tesla Shares Would React to Termination of Musk-Twitter Deal: Analysts Weigh In
After weeks of dilly-dallying, Tesla, Inc.’s chief executive officer Elon Musk confirmed late Friday that he is terminating the deal to buy Twitter, Inc. Legal Battle In Cards Close on the heels of Musk’s disclosure of his intentions, Bret Taylor, chairman of Twitter’s board, tweeted that the board is committed to closing the transaction on…
Tesla Sells Record High China-Made Vehicles in June
SHANGHAI—Tesla in June achieved its highest monthly sales of China-made vehicles since opening its Shanghai plant in 2019, data showed on Friday, as the U.S. carmaker ramped up output which had been hit by the city’s COVID-19 lockdown. Tesla sold 78,906 China-made vehicles in June, including 968 for export, the China Passenger Car Association(CPCA) said….
Chinese EV Maker BYD Is Beating Tesla
July 8, 2022
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Business & MarketsBusiness ColumnistsBYDChinaElectric VehiclesOpiniontariifsteslaThinking About China
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Commentary The competition over electric cars is heating up, and China’s BYD just pulled ahead of Tesla. BYD sold 641,000 vehicles in the first six months of the year, with Tesla selling just 564,000. Tesla only sells electric vehicles (EVs), whereas one of BYD’s strengths is not only EVs, about half of unit sales, but…
US Opens Special Probe Into Fatal Tesla Pedestrian Crash in California
WASHINGTON—U.S. auto safety regulators have opened a special investigation into a fatal pedestrian crash in California involving a 2018 Tesla Model 3 where an advanced driver assistance system is suspected of use. The National Highway Traffic Safety Administration (NHTSA) cited the California incident in an emailed update on Thursday but did not identify the specific…
Chinese Carmaker BYD Outsells Tesla
Tesla is no longer leading the world’s electric vehicle market. A Chinese company has taken its place. But how? The United States calls on a leading production equipment maker in the Netherlands. Washington wants it to stop selling gear to China—a move that could deal another major blow to Chinese microchip manufacturers. The United States…
Chinese EV Maker Outsells Tesla; Strike in Norway Threatens EU Natural Gas Supply | NTD Business
Tesla is no longer the world’s top-selling electric vehicle company. Who’s at the top now, and how did they get there? In the wake of Roe v. Wade, a pro-life company takes a different course. Instead of paying for abortion travel expenses, it promises to cover expenses related to having a child. Climate activists cause a…
LIVE 5 PM ET: Chinese EV Maker Outsells Tesla; Strike in Norway Threatens EU Natural Gas Supply | NTD Business
Tesla is no longer the world’s top-selling electric vehicle company. Who’s at the top now, and how did they get there? In the wake of Roe v. Wade, a pro-life company takes a different course. Instead of paying for abortion travel expenses, it promises cover expenses related to having a child. Climate activists cause a sticky…
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