Tesla’s tough quarter means price hikes, job cuts and stalled production in China alanohnsman
Elon Musk attends the opening of Tesla's electric car plant in Gruenheide, Germany, near Berlin, in March 2022.Tesla’s Model Y, the electric car maker’s top seller, and versions of its other cars and crossovers are getting pricier in the wake of CEO Elon Musk’s warning of a “,” a period that includes slumping production in China due to strict Covid rules, job cuts and a sharp drop in the value of its shares.
The pricing moves come as the Austin, Texas-based company winds down a rocky second quarter in which Musk simultaneously moved to acquire Twitter, became openly politically partisan and announced plans toat Tesla and require staff to stop working remotely. The company also lost considerably more production at its Shanghai plant than Musk anticipated two months ago and saw auto sales in China temporarily tank.
Tesla Model Y and Model 3 electric vehicles built at the company's Shanghai plant wait to be loaded for shipment to Europe.Separately, Tesla also stood out in new data released by the National Highway Traffic Safety Administration this week showing the company’s vehicles with Autopilot accounted forin the past 11 months involving cars and trucks equipped with partially automated driving features.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Hundreds of automated vehicle crashes reported last year, many involving TeslasSafety officials tracked nearly 400 collisions involving partially-automated vehicles, and found Tesla cars were responsible for more than two-thirds.
Weiterlesen »
Verizon is trying to mitigate recent price hikes with one sweet freebieVerizon has just announced that customers on the 5G Start plan will be getting 5GB of mobile hotspot added to their plan at no cost.
Weiterlesen »
Police: 2 men arrested after hacking gas pump, selling fuel to drivers at half priceCars were lining up at the station after hours to get the discounted gas.
Weiterlesen »
Bitcoin price falls on news that Federal Reserve has raised key interest rate by 75 BPSThe US Federal Reserve has raised the US federal funds rate to 1.5%-to-1.75%, representing an increase of 75 basis points. The Fed said it also intends to
Weiterlesen »
Brace yourselves, a second price increase could come to AT&T soonAfter 'inspiring' Verizon to raise its prices twice of late, AT&T is hinting at a possible second round of price hikes of its own coming... at some point.
Weiterlesen »
NZD/JPY Price Analysis: Bulls testing a critical resistance areaNZD/JPY is testing the limits of the support and resistance channel on the hourly chart as follows: A break of the resistance opens the risk of a tren
Weiterlesen »