Remove Auto Industry Remove Building Remove Global Remove Texas
article thumbnail

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

Teslarati

auto market anytime soon , some U.S. Credit: BYD At the same time, many automakers including Tesla are racing to build their next-generation, mass-market EVs, set to first be produced in Texas as soon as 2025 , then later at an upcoming factory in Mexico , and eventually at a yet-unannounced third location.

article thumbnail

Volkswagen faces mounting pressure from Tesla and BYD

Teslarati

During the pandemic, Volkswagen fell behind in the Chinese auto market as companies like BYD, Nio, and Tesla took over, with the competition nearly doubling the market’s EV and hybrid offerings (via Bloomberg ). Volkswagen’s Scout to build $40K electric SUV in South Carolina What are your thoughts?

BYD 92
article thumbnail

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

Teslarati

percent , analysts like Dan Ives of Wedbush highlighted that the price cuts were used to “further stimulate consumer demand in a shaky macro amidst rising EV competition globally in this EV arms race.” Tesla (TSLA) Q1 2023 earnings results: $23.3B in revenue, 19.3% percent, with Wall Street expecting 20.7

Tesla 62
article thumbnail

News: Tesla Announces Annual Earnings, New Focus on Production

Clean Fleet Report

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. Tesla’s current best-selling model, the Model Y crossover, is currently produced at Fremont and Shanghai and scheduled to be the main model in Texas and Germany.

article thumbnail

LIVE BLOG: Tesla (TSLA) Q1 2021 earnings call summary

Teslarati

Tesla notes that building cars is a complex process, though if one were to look at the advancements in the production of the company’s vehicles like the Model Y, there are a lot of innovations happening there, which should improve COGS. “We’ve Elon comments on the “extremely deceptive” media coverage of the Texas crash.

Tesla 89
article thumbnail

EAA National Board nominations from across North America

Electric Auto Association

Sterling will bring a unique perspective to the Board, and expand the diversity of the Board to Texas. He recognizes the diminishing power of the oil and gas industry, and embraces the imminent future of electrically powered transportation. His Texas roots honed his arguments supporting EV industry expansion.

article thumbnail

EAA National Board nominations from across North America

Electric Auto Association

Sterling will bring a unique perspective to the Board, and expand the diversity of the Board to Texas. He recognizes the diminishing power of the oil and gas industry, and embraces the imminent future of electrically powered transportation. His Texas roots honed his arguments supporting EV industry expansion.