Tesla Inc. has slashed prices globally on its electric vehicles by as much as 20 percent, extending an aggressive discounting effort and challenging rivals after missing Wall Street delivery estimates for 2022. The move marks a reversal from the automaker’s strategy over the last two years when new vehicle orders exceeded supply. It comes after…
Tesla Files for $776 Million Expansion of Texas Gigafactory
Tesla has applied to expand its gigafactory in Texas with an investment totaling $775.7 million, government filings showed, marking one of its largest expansion drives since setting up the $5.5 billion gigafactory in Germany last year. It plans to add five new facilities at its Austin site, including a cell test lab and a unit…
US Asks Tesla About Musk Tweet on Driver Monitoring Function
WASHINGTON—The National Highway Traffic Safety Administration (NHTSA) Monday said it was in contact with Tesla about a tweet Chief Executive Elon Musk wrote about a driver monitoring function. A Dec. 31 tweet suggested drivers with more than 10,000 miles using Tesla’s “Full Self-Driving” (FSD) software system should be able to disable the “steering wheel nag,”…
Waiting Times for Some Tesla Models in China Increase After Automaker Discounts
SHANGHAI—Prospective Tesla Inc. buyers in China are waiting longer for certain versions of its Model Y car, suggesting the electric-vehicle maker’s decision to cut prices is stoking demand in its second-largest market. Tesla cut prices by 6 percent to 13.5 percent on Friday, bringing some of its auto prices to near BYD’s best-selling models in a…
Mass Protests at COVID-19 Test Kit Factory in China
Thousands of protesters are clashing with police in a COVID-19 test kit plant in China—with boxes and stools flying. But what are they fighting for? China is reopening its borders, allowing people to go abroad while infections surge at home. We have an update on how countries are reacting. Funeral homes grapple with overcrowding. A…
Capitol Report: Biden Faces Backlash After Border Trip; January 6th Committee Social Security Number Leaks Puts Governor at Risk
President Joe Biden is facing backlash over his first trip to the border. What did he see and what did he not see on the tightly controlled visit? Elon Musk confirms a new autopilot update for Teslas. It has sparked concern from the federal government’s auto safety agency, as it investigates Tesla’s self-driving system. The…
1 Million Deaths This Winter ‘Quite Possible’: Expert
Hospitals are overflowing in China. Video shows patients outside the emergency room, in hallways, on stair landings, and even outside restrooms. Corpses on the ground, long service wait times, and obscuring cause of death—a father shares what he saw inside a Chinese crematory. China’s COVID-19 death toll is coming under scrutiny. One doctor’s account may…
Tesla Cuts Prices of Model 3, Model Y Vehicles in China for Second Time in Three Months
Tesla drastically cut the prices of its vehicles in China by more than 10 percent on Friday, marking the second time the electric vehicle (EV) maker has done so in less than three months. While announcing prices for its Model S sedans and Model X sports utility vehicles, Tesla revealed that its Model 3 and Model Y…
South Korea Fines Tesla $2.2 Million for Exaggerating Driving Range of EVs
SEOUL—South Korea’s antitrust regulator said it would impose a 2.85 billion won ($2.2 million) fine on Tesla Inc. for failing to tell its customers about the shorter driving range of its electric vehicles (EVs) in low temperatures. The Korea Fair Trade Commission (KFTC) said that Tesla had exaggerated the “driving ranges of its cars on…
Tesla Shares Tumble After Company Misses Delivery Target
DETROIT—Shares of Tesla tumbled more than 12 percent Tuesday on the first full day of trading since the company announced 2022 delivery numbers that fell short of targets. The electric vehicle and solar panel maker’s stock closed at $108.10, and it’s down just under 70 percent since the start of last year. The stock hit…
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