Teslarati
MARCH 24, 2024
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.
Teslarati
JULY 28, 2022
. “Our capital expenditures are typically difficult to project beyond the short-term given the number and breadth of our core projects at any given time, and may further be impacted by uncertainties in future global market conditions,” Tesla said in the filing. Today, Model 3 is one of the 10 best selling cars globally.
The Truth About Cars
APRIL 5, 2024
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.
Teslarati
SEPTEMBER 15, 2023
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 ). Foreign Minister Annalena Baerbock highlighted the urgency of the situation at the Münich Car Show last week.
Teslarati
DECEMBER 1, 2021
Tesla China’s Global Vice President Grace Tao recently visited the China EV100 to discuss key issues about developing the auto market. Tesla is close to delivering 1 million cars this year and will likely hit the milestone once Giga Berlin and Giga Texas start production if it doesn’t reach it by the end of 2021.
Teslarati
SEPTEMBER 24, 2021
Musk also noted that he believes the global chip shortage issue is a “short term” problem and not one that would be true for the long term. During the Q2 2021 earnings call , Musk revealed that Tesla was able to respond to the global semiconductor shortage by rewriting its vehicles’ software and using alternative chips. .
Teslarati
APRIL 4, 2022
Rosner also pointed out that Tesla’s year-over-year growth was notable, given that the global auto industry is down on a year-over-year basis. Tesla Giga Texas will hold its Cyber Rodeo grand opening on April 7. He was excited to see how Tesla’s Austin Gigafactory would contribute to the company.
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