Tag: Tesla
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China’s Electric Car Market: Fierce Competition and Lowest Prices Expected to Continue
Driving Forces Behind China’s Electric Car Market Expansion Government initiatives, such as subsidies and license plate restrictions, have proven instrumental in driving the growth of China’s electric car market. Consumers are incentivized to purchase new energy vehicles, resulting in significant sales figures. Furthermore, the incorporation of advanced technologies by various entities within the industry has […]
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Tesla Expects Capital Expenditure to Exceed $10 Billion by 2024
Tesla’s 10-K Annual Report Highlights Impending Capital Expenditure Tesla Inc., the renowned electric-vehicle manufacturer, is projecting that its capital expenditure will surpass $10 billion by 2024. Furthermore, for the subsequent two fiscal years, the company anticipates capital expenditure to range between $8 billion and $10 billion. These estimations were revealed in Tesla’s 10-K annual report […]
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Tesla’s Dojo Supercomputer: Transforming Self-Driving AI with Buffalo’s Reliable Power and Talent Pool
Overview Tesla has announced its decision to relocate the Dojo supercomputer project to Buffalo, New York. The move was motivated by the city’s reliable power supply, strong talent pool, and availability of suitable space for the project, according to Governor Hochul’s office. Dojo, which was initially revealed during Tesla’s “AI Day” event in 2021, is […]
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Norway’s Regulator Finds No Basis to Recall Tesla Model Vehicles in Suspension Investigation
Background and Investigation Over a dozen customer reports regarding the sudden breaking of suspension parts, specifically the rear lower control arm, were received by the Norwegian regulatory agency in 2022. These reports prompted the investigation by the NPRA. The agency concluded that the reported cases occurred at low speeds and did not constitute an unacceptable […]
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Tesla’s Stock Plummets Amidst China Competition and Slower Sales Forecast
Tesla Warns of Sales Slowdown; Market Reacts Tesla (NASDAQ:TSLA), the first of the so-called ‘Magnificent Seven’ U.S. megacap stocks to report fourth-quarter earnings, faced a setback overnight, dampening an otherwise optimistic economic outlook for the new year. Despite a packed schedule of events on Thursday, including the first U.S. GDP readout for Q4 and the […]
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Tesla Faces Slower Growth and Increased Competition as EV Market Shifts
Competition from China’s BYD and Global EV Sales Slowdown Chinese automaker BYD, backed by Warren Buffett, has emerged as a significant threat to Tesla. BYD focuses on affordable models such as the $10,000 Seagull and has surpassed Tesla in global EV sales. Elon Musk, Tesla’s CEO, acknowledged the challenge posed by Chinese automakers, stating they […]
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U.S. Stock Futures Muted as Investors Analyze Earnings and Await Growth Data
Expectations for US Economic Growth Data Investors are likely to focus Thursday on the first reading of US growth data for the fourth quarter, which will provide an indication of the health of the world’s largest economy. Economists are predicting that real gross domestic product in the US grew at a 2.0% annual rate in […]
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Tesla’s Bitcoin Holdings Remain Steady as Earnings Report Disappoints Investors
The Beginning of Tesla’s Bitcoin Journey In February 2021, Tesla made a significant investment of $1.5 billion, acquiring around 43,000 BTC after a conversation between Elon Musk and Michael Saylor, CEO of MicroStrategy. Initially, Tesla even accepted Bitcoin as payment. However, due to concerns over its environmental impact, the company shifted its strategy and sold […]
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Despite Subsidies and Hype, EVs Face Uphill Battle as Consumers Choose Gasoline
The Rise and Fall of Electric Bread Makers In the early 1990s, an electric bread maker became a must-have appliance for every self-respecting American yuppie and retired suburban couple. This craze led to the sale of 4 million units. However, the fad quickly faded as these enthusiastic amateur bakers discovered that achieving the perfect loaf […]
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Tesla Defies Expectations, Solidifies Position as Reliable Automaker
A Triumph in Price Competition At the start of the year, Tesla’s price reductions created anxiety among investors as the profit margins of the company’s leading automotive division were eroded. These margins had historically been used to justify Tesla’s market value surpassing that of the traditional automotive industry. Competitors such as Ford, GM, and Mercedes-Benz, […]