Remove Affordable Remove Auto Industry Remove Companies Remove Texas
article thumbnail

The $10,000 BYD Seagull EV is scaring the U.S. auto industry

Teslarati

market, the company’s recent release of a city EV with a price tag under $10,000 has some worried for when it and other low-cost companies do. BYD launched its Seagull, a small hatchback EV with a price tag starting at 69,800 yuan (~$9,773), at the Shanghai Auto Show last year. auto market anytime soon , some U.S.

article thumbnail

Reuters: Tesla Has Ditched Its Affordable EV Efforts in Favor of Robotaxis

The Truth About Cars

Affordable EVs seem to be a nut that no automaker can crack, as every promise of a “sub-$30,000” model or similar has fallen through in favor of higher prices. CEO Elon Musk has been beating the affordable EV drum for a while, telling investors in January that the car would enter production in Texas as soon as late 2025.

article thumbnail

Tesla to boost spending for Giga Texas and Berlin ramp

Teslarati

Model 3 forever changed the auto industry, & proved to the world that great EVs could be more affordable. Tesla is currently ramping up two new factories, one in Texas and another in Germany. The post Tesla to boost spending for Giga Texas and Berlin ramp appeared first on TESLARATI.

Texas 99
article thumbnail

Tesla margin tightrope is ‘keeping investors up at night’: Wedbush

Teslarati

Analysts were fixated on the 20-plus-percent margin level and whether Tesla’s strategy of cutting prices to undercut competitors and make its vehicles more affordable would hurt the company’s balance sheet. Tesla (TSLA) Q1 2023 earnings results: $23.3B in revenue, 19.3% percent, with Wall Street expecting 20.7

Tesla 98
article thumbnail

LIVE BLOG: Tesla Q4 and Full Year 2022 earnings call

Teslarati

Tesla’s ( NASDAQ:TSLA ) fourth-quarter and full-year 2022 earnings call comes on the heels of the company’s Q4 and FY 2022 Update Letter. Tesla’s Q4 numbers were very impressive, with the company achieving its highest-ever quarterly revenue, operating income, and net income. Credit: Tesla Inc. Credit: Tesla Inc.

Tesla 116
article thumbnail

News: Tesla Announces Annual Earnings, New Focus on Production

Clean Fleet Report

New Products Delayed as Company Shifts to Delivering Current Vehicles. The growth is predicated on two new production facilities—in Texas and Germany—coming online this year to augment existing plants in Fremont, California, and Shanghai, China. The Tesla Model Y has been the company’s big star worldwide.

article thumbnail

PNNL team develops higher-strength, lower-cost titanium alloy aimed at improving vehicle fuel economy and reducing CO2 emissions

Green Car Congress

A company called Advance Materials (ADMA) co-developed the process with PNNL metallurgist Curt Lavender and sells the titanium hydride powder and other advanced materials to the aerospace industry and others.