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.
Like chipmaker Intel and rare earths producer MP Materials, the US sees its investment in Lithium Americas as being in the national interest.
And yet, last week, Tesla scored a couple key brownie points from Wall Street analysts. So why the optimism?
In a note last week, JPMorgan’s Andrew Tyler wrote that macro conditions could turn a widely-expected rate cut into a “sell the news” event.
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.
Uber users in Atlanta and Austin can already use the ride-hailing app to order robotaxis from Alphabet subsidiary Waymo.
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.
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.
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.
The current surge in energy demand is virtually unprecedented since the mass effort to electrify America immediately following World War II.
Ford said that its second quarter sales rocketed 14% in the second quarter from a year earlier to 612,095 vehicles.