Sunday, December 22, 2024
Despite predictions of impressive quarterly figures, Tesla's anticipated delivery numbers may not quite meet CEO Elon Musk's ambitious target of 2 million deliveries. The electric vehicle giant leveraged its substantial profit margins, implementing price cuts globally, particularly in China, where local competition like BYD challenged its market dominance.
Despite Tesla's undeniable popularity, the world's most expensive car isn't an electric marvel, thanks to Rolls-Royce. Surprisingly, it clinches both the top and second spots among the highest-priced vehicles globally. The ultimate titleholder, the Rolls-Royce Droptail, redefines automotive luxury with a price tag that shatters records.
In a significant industry development, Volkswagen Group, including Audi, Porsche, and Scout Motors, commits to adopting Tesla's EV charging standard, with plans to facilitate access to Tesla's Supercharger network for its electric car owners. Anticipating a solution by 2025, this move will see new VW EVs equipped with Tesla charging ports, offering customers access to 15,000 Supercharger stations across North America.
In Q3 2023, global EV market data showed BYD and Tesla nearly equal in market sharesesla delivered This threatens Tesla's dominance, as BYD aims to lead in Q4, shaking up the EV landscape.
Tesla users are puzzled by Disney+ disappearing from their vehicles, a move linked to Elon Musk's dispute with Disney CEO Bob Iger. A report shared Tesla's recent communication to Disney+, informing them of the impending removal of their app from Tesla vehicles' entertainment systems.
India reaffirms its stance on maintaining import levies for electric vehicles (EVs), creating hurdles for Tesla Inc.'s market expansion. Ministry of Commerce and Industry's junior minister, Som Parkash, confirms no plans for EV import duty exemptions or subsidies. Tesla faces such challenge in India.
Recent crash data reveals Tesla drivers outpace Ram and Subaru in collisions. It has the highest accident rate among cars in the U.S. These findings raise concerns about Tesla's road safety record, impacting insurance costs according to QuoteWizard by LendingTree Insurance data.
Tesla's escalating union dispute draws attention from major investors. Leading pension funds and asset managers, responsible for trillions in assets, have recently contacted Tesla's CEO, Elon Musk, urging a change in course.