Tesla's Massive Price Cuts Send Shockwaves Across Auto Industry
InsideEVs
JANUARY 23, 2023
While the shock comes as no surprise, the more interesting part will be how it impacts rival brands' future pricing and offerings.
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Inflation, Tesla Prices, Tesla Demand, & The Future Of Tesla
CleanTechnica EVs
JULY 2, 2022
As inflationary pressure has hit raw materials over the past few months, the auto industry has struggled to keep investors and consumers both happy. consumer price index for […].
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NIO keeps goal of doubling sales this year despite price war causing greater challenges
CN EV Post
APRIL 17, 2023
NIO (NYSE: NIO) is confident it will see sales double this year, despite a rare price war that disrupted the Chinese auto industry in the first quarter. The price war has had a big impact on the auto industry, and NIO will not follow suit. In the short term, NIO will face some pressure as a result, he said.
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Report finds US automakers remain profitable under future CAFE standards even with fuel price fluctuation
Green Car Congress
JUNE 28, 2016
Even with wide-ranging unpredictable gas prices, US automakers will remain profitable and suppliers will benefit under existing national fuel economy standards slated to be in place until 2025, according to a new economic analysis brief prepared by independent automotive industry analysts, commissioned by the nonprofit group Ceres.
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The Future of Tech in Mobility
Clean Fleet Report
JANUARY 13, 2023
The Future of Tech in Mobility. And the auto industry had to respond to policy issues. Energy shortages in the late 1970s and 1980s led to the auto industry going from big energy-draining automobiles to smaller, more fuel-efficient vehicles. Although with greater use, we should see prices decline.
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GlobalData: Global automakers earmark nearly US$600B for EVs over next decade
Green Car Congress
APRIL 2, 2022
Therefore, automakers are committing operational investments of nearly US$600 billion to secure their position in the future automotive market, according to GlobalData, a leading data and analytics company. The investments affirm that the future must be electric and there is no turning back for traditional automakers.
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Chinese Government think tank calls for refocusing auto industry on environment-friendly and energy-saving targets
Green Car Congress
OCTOBER 24, 2010
Sales of domestically-manufactured autos rose 36 percent year on year to reach 13.14 million units in the months through September, as lower-priced automobiles have become more affordable for better-off Chinese people, according to data released by the China Association of Automobile Manufacturers (CAAM) on Oct.
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‘Hatchbacks are here to stay; no guarantee that SUVs will remain popular in the future’: RC Bhargava | Autocar Professional
Baua Electric
MAY 18, 2024
The Chairman of Maruti Suzuki India Limited who is also a seasoned veteran in the auto industry spanning over four decades, firmly advocates that for India to progress into a developed nation, accessible mobility options are imperative. For 170 million people who use two-wheelers for mobility, how will they remain mobile in the future?
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Driving Towards a Sustainable Future: The Rise of Electric Autos in India
Baua Electric
FEBRUARY 7, 2024
From charging stations and battery manufacturers to renewable energy providers, the shift towards electric autos in India has the potential to revolutionize the transportation sector and create a plethora of new job opportunities.
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Lucid introduces new $7,500 discount as EV price war heats up
Teslarati
FEBRUARY 9, 2023
The effects of the Tesla price cuts from earlier this year are still being felt today. Many manufacturers quickly responded with price cuts of their own , including Lucid, who cut Air leases by $7,500. Now, thanks to continued price competition, Lucid is again offering a new discount. Shoot me an email at william@teslarati.com.
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The Impact of Gas Price Trends on Vehicle Choice
Clean Fleet Report
SEPTEMBER 17, 2022
When gas prices are on the rise, it had a big impact on the type of vehicles that people were buying. With gas prices always fluctuating, it can be difficult to predict how much you’ll need to spend on fuel each month. SUV and Truck Sales Decreased as Gas Prices Increased. Analysis of Recent Market Moves.
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Reuters: Tesla Has Ditched Its Affordable EV Efforts in Favor of Robotaxis
The Truth About Cars
APRIL 5, 2024
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. It now seems that Tesla is following suit, despite repeated promises that it would develop a mass-market EV at a reasonable price.
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EU auto sales expected to slow in 2024 as EV share increases: ACEA
Teslarati
NOVEMBER 29, 2023
In addition, de Meo added that the coming years would see more regular EV launches which would feature similar 400- to 500-kilometer ranges, though the vehicles are expected to include significantly lower sticker prices.
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BYD Europe aims to beat Tesla & big EU automakers
Teslarati
MAY 10, 2024
BYD European boss Michael Shu made bold claims during the Financial Times’ Future of the Car Summit. They are also priced lower than European EVs due to state subsidies, cheap labor in China, and robust Chinese battery supply chains. BYD Europe aims to beat Tesla and other prominent EU automakers, like Volkswagen and Stellantis.
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Jefferies raises Tesla (TSLA) price target to $950 over strong demand, growing capacity
Teslarati
OCTOBER 15, 2021
Tesla stock ( NASDAQ:TSLA ) recently received an optimistic outlook from Jefferies Equity Research, with analyst Philippe Houchois raising his price target on the automaker from $850 to $950 per share. With strong demand and an ability to produce more of its products, Tesla could cater to substantially more consumers in the near future.
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Big Auto is begging governments to let them go bankrupt as Chinese EVs loom
Baua Electric
MARCH 23, 2024
The auto industry is electrifying, and all new cars will be electric in the relatively near future. Even these softened EPA rules will upend the industry , as current automaker commitments are not enough to meet the targets. It is necessary that we stop burning fossil fuels, and fast. Namely: China.
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V2G is the key to the popularity of electric vehicles
Setec Powerr
NOVEMBER 22, 2022
As more consumers purchase electric vehicles in the coming decades, a huge question is plaguing governments and the auto industry: Can the grid keep up with the dramatic increase in demand for electricity? Millions of electric vehicles will need to be charged in the future, requiring enormous amounts of energy.
Volkswagen faces mounting pressure from Tesla and BYD
Teslarati
SEPTEMBER 15, 2023
The auto industry is faced with the question of whether and how we will be a global leader in the future,” Baerbock said at the event. For our nation, where the auto industry accounts for a large share of value creation, this is not just an economic issue, but also a question of security.”
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Viral Tesla bull interview puts Elon Musk and FSD in the hot seat
Teslarati
MAY 11, 2023
Of the community of Tesla investors who are optimistic about the automaker’s future, few match the enthusiasm of Cathie Wood and her ARK investing firm. Wood has often claimed that Tesla will be a vital part of the transportation of the future, even going as far as setting a ~$2,400 price target for the Tesla stock.
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Volkswagen launches “Electric for All” campaign, demos rolling chassis of MEB
Green Car Congress
SEPTEMBER 17, 2018
Volkswagen is launching its “Electric for All” campaign—a strategic effort to put attractive electric vehicles at affordable prices on the road, paving the way for the breakthrough of electric vehicles. Our Modular Transverse Toolkit already proved Volkswagen is one of the most successful platform developers in the auto industry.
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IHS Markit: US gasoline demand could be cut almost in half due to COVID-19
Green Car Congress
MARCH 27, 2020
Further, according to the latest IHS Markit forecasts, the global auto industry will exerience an unprecedented and almost instant stalling of demand in 2020, with global auto sales forecast to plummet more than 12% from 2019 to 78.8 A faltering global auto market will have a big hit on sales of EVs. million units.
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Tesla bull calls battery cost declines “good deflation” that could boost EV sales
Teslarati
AUGUST 9, 2021
To support its observations, ARK Invest used the 2022 Nissan Leaf EV’s price as an example. Nissan’s suggested manufacturer’s prices for the SV and SL were $34,200 and $36,790, respectively. The Nissan Leaf’s pricing reveals that it costs less to produce an EV with more milage today than five years ago.
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Ceres: national fuel economy and emissions standards can increase viability of domestic automakers and suppliers
Green Car Congress
AUGUST 10, 2017
Given the major trends affecting the industry going forward, weakening the current fuel economy standards would in fact be detrimental to the future competitiveness of U.S. Fuel economy standards drive innovation in the advanced technologies that will enable the domestic industry to thrive in this era of disruption.
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Automakers say they won’t try to push back EU’s 2035 ICE ban
Baua Electric
FEBRUARY 28, 2024
But the ACEA, Europe’s automakers association, said that it is not pushing back and is all in with the EV future. President of the ACEA and CEO of Renault, Luca de Meo told the press this week at the Geneva Motor Show that the auto industry wants no part in arguing “against the regulation,” reports Automotive New Europe. “We
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Berkshire Hathaway execs praise Elon Musk, ‘taking on the impossible job’
Teslarati
MAY 8, 2023
Nonetheless, the two stockmarket legends shared their respect for the up-and-coming auto industry CEO at their annual shareholder’s meeting late last week. Looking to the future, it remains unclear if Berkshire Hathaway intends to change its position on Tesla. TSLA stock price by TradingView William is a Tesla shareholder.
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Kimbal Musk: Tesla is just getting started, will see “next decade of awesome”
Teslarati
JULY 29, 2022
Kimbal recently became the subject of news reports after he exercised a call option to purchase 25,000 TSLA shares at a discounted price of $74.17. As such, Kimbal is likely fully aware of Tesla’s specific plans for the near future, or at least the coming decade. And from this point on, things will only get more exciting.
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Green Car Congress
JULY 16, 2012
The US Department of Transportation (DOT) National Highway Traffic Safety Administration (NHTSA) proposed CAFE standards are projected to require, on an average industry fleet-wide basis for cars and trucks combined, 40.1 66% said they would still support the standard, even if it creates higher sticker prices for vehicles.
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Tesla’s apparent red carpet treatment in India an effective tool against rivals
Teslarati
AUGUST 3, 2023
This bodes well for Tesla, and it could result in the company not competing with some of its strongest rivals in the country, at least in the near future. India is an increasingly important market in the auto industry. These include BYD, which outsell Tesla in China in terms of New Energy Vehicles (NEVs) sales.
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Suzuki and Toyota to explore business partnership; environment, safety, and information technology
Green Car Congress
OCTOBER 12, 2016
In a joint statement, the two companies said that, given the rapid change in the auto industry, the industry is required to work not only on conventional automobile R&D, but also on R&D for advanced and future technologies in the fields including environment, safety, and IT.
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Mitsubishi wants to launch Australia’s cheapest electric car, but there’s a very expensive reason it might not
EV Central
DECEMBER 9, 2023
Mitsubishi Triton to target BYD Ute and Ford Ranger with all-new plug-in hybrid system READ MORE: 2023 Mitsubishi Outlander PHEV long-term review: Laziness destroys our fuel savings, but plug-in potential is clear READ MORE: Is this a window into the Mitsubishi Triton’s all-electric future in Australia? 2024 Mitsubishi Triton.
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Tesla’s 2023 in review: NACS adoption, Cybertruck launch and more
Teslarati
DECEMBER 31, 2023
Some of Tesla’s important accomplishments in 2023 included the launch of the highly anticipated Cybertruck and the redesigned Model 3 “Highland,” as well as the widespread adoption of the automaker’s charging hardware across the North American auto industry. Did I miss anything important that Tesla did in 2023?
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CEO’s Take on 2024: Cost efficiency and tech skills make India a global force in auto parts sector, says Nirmal K. Minda, CMD, Uno Minda – ET Auto
Baua Electric
MARCH 13, 2024
Minda, CMD, Uno Minda Edited excerpts: Q: After two consecutive years of swift growth in the auto component industry ‘s performance, what is your outlook for 2024? The past two years have seen a remarkable transformation in the Indian auto and auto component industry.
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Tesla’s years of battery tech investments are becoming a buffer against nickel’s rising costs
Teslarati
MARCH 22, 2022
It should be noted that Russia controls 20% of the supply of the industry’s highest-grade nickel. Nickel prices rose so much that the London Metal Exchange canceled trading for the material for more than a week. Nickel prices rose so much that the London Metal Exchange canceled trading for the material for more than a week.
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VW Works Council Chair talks Herbert Diess and Tesla’s growing influence on German auto
Teslarati
APRIL 14, 2021
According to sociologist Andreas Boes, director of the Munich Institute for Social Science Research (ISF), Tesla has practically become the “elephant in the room” during interviews with managers and experts from Germany’s auto industry. .
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BYD EV sales grew nearly 50% in January as exports reached a new high
Baua Electric
FEBRUARY 1, 2024
Meanwhile, BYD’s general manager of branding and public relations, Yunfei Li, told reporters earlier this week, “Tesla is our very respected industry peer. BYD Yangwang U7 (Source: Yangwang) The brand revealed its premium Yangwang U7 electric sports sedan last month with over 1,000 hp and a starting price tag of over $140,000 (1 million RMB).
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How Self-Driving Cars Will Accelerate Electric Vehicle Adoption
Green Car Congress
JULY 20, 2018
In the future, autonomous vehicles and battery-powered technology could work together to create cleaner, more efficient roads. In fact, from 2014 to 2016, battery prices fell by 50 percent, allowing EVs to gain some traction. In the future, sharing an electric vehicle might be standard. Electric Vehicles: Right Now.
Hatchbacks not giving up territorial rights so easily | Autocar Professional
Baua Electric
MAY 18, 2024
But Maruti Suzuki recently launched the fourth-generation version of its highly popular hatchback, Swift—with prices starting at Rs 6.49 That begs an important question: what does the future hold for hatchbacks? The average on-road prices for hatchbacks—the most price-sensitive automobile segment—have risen from Rs 5.2
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Testimony: Why I like my electric vehicle
Electric Auto Association
MAY 3, 2022
Submitted to the Ohio Senate Energy and Public Utilities Committee in support of Senate Bill 307: Accelerating Ohio's Auto Industry By Tim Benford, president of Drive Electric Dayton. In light of the current spike in gasoline prices, the savings on fueling costs with EVs are even greater.
Say it ain’t so: BMW, Volkswagen, and Renault take aim at Europe’s ICE ban
Baua Electric
MARCH 22, 2024
The heads of BMW, Volkswagen, and Renault have spoken out against European Union’s emission targets in recent days, arguing that the phase-out rules put too much pressure on the industry and that consumers aren’t buying EVs fast enough. By then the pressure then will be significant for the European automotive industry.”
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Opinion: Why Software Is the Key to Developing Safe Autonomous Vehicles
Clean Fleet Report
JULY 15, 2021
Radar Lets Us See the Way To the Future. While many companies have bet on lidar , there’s still a lot of road to cover to get this hardware technology into consumer vehicles at a price point that vehicle manufacturers and consumers will tolerate. Story by Steven Hong. It’s hardware & software under the sheetmetal.
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June 2023 – Tesla Model Y was the best selling BEV in Germany
Push EVs
JULY 15, 2023
Its starting price is around €48,000. A big part of the problem is high inflation — affecting energy prices for industry, and all prices for consumers — as well as high interest rates. Confidence was down from May, both in terms of current assessments, and in future expectations. Inflation was at 6.4%
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Pininfarina grows its U.S. footprint in early bid for EV hypercar market control
Teslarati
FEBRUARY 8, 2023
All for the low, low price of $2.2 Pininfarina is once again on the very cutting edge of the auto industry, blending beauty and the future of mobility in amazing harmony. On top of that, the hypercar still achieves a respectable 300 miles of range, made possible by an enormous 120kWh battery.
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BNEF forecasts EVs to hit 54% of new car sales by 2040; decreasing importance of PHEVs
Green Car Congress
JULY 6, 2017
The forecast, put together by the advanced transport team at BNEF, relies on likely future reductions in price for lithium-ion batteries and of prospects for the other cost components in EVs and internal combustion engine vehicles. We see a momentous inflection point for the global auto industry in the second half of the 2020s.
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June 2023 – Tesla Model Y was the best selling car in Sweden
Push EVs
JULY 12, 2023
They can build on this foundation with more BEV models in the future. economic growth, 20% youth unemployment, over 5% YoY retail sales drop , and almost 10% overall price inflation (and 14% food price inflation). Consumer sentiment is obviously suffering as a result, thus the above statement from Mobility Sweden.
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