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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.

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Tesla’s $25,000 car to be built at Giga Texas, then Giga Mexico: Elon Musk

Teslarati

Tesla CEO Elon Musk has shared some new details about the automaker’s plans for its next-generation, $25,000 electric vehicle (EV), including that it will be built first in Austin, Texas. On Tuesday, longtime auto industry veteran Sandy Munro shared a new interview with Musk, held following the Cybertruck delivery event.

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Tesla to boost spending for Giga Texas and Berlin ramp

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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.

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

The Truth About Cars

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. The car, which was projected to start in the mid-$20,000 range, would have helped Tesla compete against the increasingly fierce Chinese auto industry.

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Tesla stock (TSLA) rises following GM NACS deal

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Tesla shares ( NASDAQ:TSLA ) surged over 5% on Friday amidst investors’ positive sentiments following the announcement that General Motors would be joining Ford in adopting the Texas-based EV maker’s North American Charging Standard (NACS) for its electric cars. This marks the longest winning streak of the company in about 2.5

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Tesla analysts still confident in TSLA despite Giga Shanghai shutdown and supply chain challenges

Teslarati

Tesla analysts from Roth Capital Partners and Deutsche Bank are confident in TSLA stock and the company’s fundamentals. The company produced 305,000 cars in the first quarter. Deutsche Bank analyst Emmanuel Rosner argued that the company still performed well considering its challenges last quarter.

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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 ). Our companies are mainly generating their profits abroad, helping to keep jobs in Germany.

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