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China's BYD has overtaken Tesla as the world's best-selling maker of electric cars. In the final quarter of last year, BYD, backed by Warren Buffett, sold 526,409 fully electric vehicles, outpacing Tesla's 484,507.
Tesla

Beijing Strikes Back at Biden’s Tariff Hike on Chinese Imports

Tensions Flare Over New Tariffs on Chinese Goods The recent escalation in the U.S.-China trade war has Beijing fuming. The Biden administration’s decision to significantly increase tariffs on Chinese imports, including a steep rise on electric vehicles, has sparked promises of retaliation from Chinese officials. As both nations brace for the fallout, the global economic…

Haye KestelooMay 16
Collision Course: Tesla Sued Over Inflated Insurance Rates Model Y. Photo courtesy of Tesla, Inc.
Tesla

Tesla Faces Fraud Suit Over Self-Driving Claims

A recent ruling has propelled Tesla into the legal spotlight as a federal judge determined that the company must face a lawsuit alleging fraudulent claims about its self-driving capabilities. The case, brought by California resident Thomas LoSavio, centers on statements made by Tesla and its CEO, Elon Musk, suggesting their cars could achieve full autonomy,…

Haye KestelooMay 16
Tesla's Bold Proposition: Pushing for Greener Standards - Earnings Soar, Margins Dive in Tesla's Q2 Rollercoaster - Tesla Connector Supercharges Electrify America
Tesla

Elon Musk’s Sudden Overhaul of Tesla’s Charging Network: A Closer Look

A Surprising Turn of Events Last month, Tesla’s electric-vehicle charging division faced a dramatic upheaval. What began with high hopes for expansion led to mass layoffs, shocking the industry. Reuters investigated the series of events and their potential impact on Tesla and the broader EV market.. The Lead-Up: High Hopes and Sudden Cuts On the…

Haye KestelooMay 15
Tesla

Tesla’s Overflow: Unsold Inventory Filling Abandoned Mall Parking Lots

Tesla’s challenges in balancing production and sales have led to an unusual solution: parking its unsold vehicles in abandoned mall lots, reports Jalopnik. This overflow is becoming increasingly visible, symbolizing a growing issue within the electric vehicle giant. Tesla’s Production vs. Sales Imbalance In the first quarter of 2024, Tesla produced 46,561 more vehicles than…

Haye KestelooMay 13
Model 3

Tesla Showcases Model 3 Performance and Cybertruck at Macau Expo

Tesla has recently set up an impressive display featuring the upgraded Model 3 Performance and the much-anticipated Cybertruck at a mobility expo in Macau. This exhibition took place at the Car, Sky, and Vehicle Expo held at the Venetian Cotai Expo Hall A, drawing considerable attention. The Vehicles on Display The Tesla display reportedly included…

Haye KestelooMay 12
Tesla

U.S. Ramps Up Tariffs on Chinese Electric Vehicles in Trade War Escalation

A Bold Move Amidst Growing Tensions In a striking escalation of the U.S.-China trade war, the Biden administration is set to announce a substantial increase in tariffs on electric vehicles (EVs) from China. Currently pegged at 25%, these tariffs are expected to jump to an unprecedented 100%, signaling a tough stance against what is perceived…

Haye KestelooMay 12
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