The new Model Y, dubbed the Model Y Standard, essentially fills the void of the expired tax credit with a starting price of $39,990.
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In fact, the EV credit expiration sparked a record one sales quarter, with the company delivering 497,099 vehicles worldwide.
Sales of new electric vehicles fell 6.3% year-over-year in the second quarter, according to Cox Automotive analysts.
And yet, last week, Tesla scored a couple key brownie points from Wall Street analysts. So why the optimism?
In an interview with the Financial Times, BYD’s executive vice president Stella Li said just a handful of China’s 130 EV-makers will survive.
So far, Tesla has launched limited rideshare services in Austin and the Bay area, and it’s looking to expand into Florida, Arizona and Nevada.
VW’s finance chief Arno Antlitz warned last September that the company had “a year, maybe two years, to turn things around.”
If successful, the company believes its affordable option could revolutionize EV adoption levels in America.
During the company’s second-quarter earnings report last month, Musk admitted the company may be headed for “a few rough quarters.”
For Samsung, it’s a chance to finally carve out some foundry industry market share from rival chipmaker TSMC.
A US-based startup, backed by Japan’s Toyota, and a freshly capitalized initiative in China could make flying cars a full reality next year.
For what feels like the third or fourth time in a row, Tesla is gearing up for what may be the most important earnings call in its history.
The future of the hydrogen fuel cell vehicle took a dent last week as one of the world’s biggest automakers reversed course.
A pact announced Thursday calls for Uber to invest $300 million in Lucid and buy at least 20,000 robotaxis from the company over six years.
Experts have already warned that rollbacks to electric vehicle tax incentives will slow sales growth big time.
BYD is now the EV pace-setter in Europe, too, according to a recent report from automotive firm JATO Dynamics.