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The Tesla Model 3 has been plagued with well-publicized production issues over the last few months. However, it seems the situation is finally improving. Back in June, the carmaker met its target of producing 5,000 Model 3s in the final week of the month. Musk confirmed that this production target was met for at least two weeks in July during a financial call with analysts. Now the goal is to ramp Model 3 production up to 6,000 a week, but CNBC reports the automaker is on track to exceed that target by a significant margin. Evercore ISI analyst George Galliers said after having a to...
The United States has entered a trade war with China after imposing a 25% tariff on $34 billion worth of Chinese goods. China has reciprocated with tariffs of its own, companies like Tesla are already feeling the burn. Tesla had to increase the price of its cars in China, but CEO Elon Musk already has plans to get around the tariffs. Since it looks like the US and China aren’t backing down, Tesla has announced a new factory in Shanghai. Musk met with Chinese officials, and Shanghai will speed up efforts to cancel restrictions on foreign investment in the country. In the past, ...
Last Friday, the trade war between China and the US kicked off, as US President implemented a 25% tariff on $34 billion worth of Chinese goods. China has already retaliated with an increase in electric car tariffs from 15% to 40%. This means that cars that are imported into China will now be more expensive. According to The Wall Street Journal, Tesla had to raise its prices in China. The Model X now costs $140,000, which is a significant increase over the old $117,100 price. The Model S now costs $128,400, an increase of about $21,000 compared to the old price. Elon Musk, Tesla CEO,...
Electric automaker Tesla is the subject of a lawsuit filed by Nikola Motor Co, an automaker that makes hydrogen-powered semi trucks, alleging design patent infringements. Tesla’s Semi is the first electric heavy-duty truck and it’s similar to Nikola’s design.Utah-based Nikola says that it was issued six design patents by the U.S. Patent and Trademark Office for its fuselage, wrap windshield, mid-entry door, side cladding, and the overall design of the Nikola One. Nikola estimated the harm from Tesla’s alleged infringement to be more than $2 billion. Tesla’s spokes...
Chevrolet Bolt EV continued a steady sales rise last month as it solidified its position among the top three plug-in electric cars for which monthly U.S. sales are reported. The Chevrolet Bolt EV continued a steady sales rise last month as it solidified its position among the top three plug-in electric cars for which monthly U.S. sales are reported. In August, Chevy delivered 2,107 Bolt EVs, the first time the car had sold more than 2,000 units in a month after entering the market in mid-December last year. Close behind was the Toyota Prius Prime plug-in hybrid, at 1...
