Last year, BYD's overall production for battery-only and hybrid vehicles, exceeded 3 million units, outpacing Tesla's 1.84 million. While BYD produced 1.6 million battery-only cars and 1.4 million hybrids, Tesla remained the leader in BEV production alone.
The recalls represent a significant blow to Tesla, which has faced a challenging year with poor earnings reports and increasing competition from Chinese electric vehicle manufacturers
The fund aims to provide investors with opportunities for long-term capital appreciation by investing in the equity of companies leading the charge in the dynamic and rapidly evolving automotive sector, as well as those involved in the entire value chain
Despite the recent decrease in the amount of support per vehicle, this significant investment has played a crucial role in the industry's growth and development
CDK Global, a major software provider for the automotive industry in the US, faced a major cyber incident. The outage caused significant disruptions, halting operations and forcing dealerships to resort to manual processes
BEE has proposed new targets under CAFE 3 and CAFE 4 norms, with limits set at 91.7 grams of CO2 per kilometre and 70 grams of CO2 per kilometre, respectively, based on the World Harmonised Light Vehicles Testing Procedure (WLTP)
The new phase of the FAME scheme is expected to support electric two, three, and four-wheelers with a proposed budget allocation of around Rs 10,000 crore. The heavy industries ministry, which oversees the scheme, has already forwarded a plan to the PMO
Both, the Nexon.ev, Punch.ev had a phenomenal showing at the Bharat-NCAP safety tests. The Punch.ev in particular stood out for scoring the highest ever scores by any vehicle till date
In addition to approving Musk’s pay package, shareholders also voted to relocate Tesla's legal home to Texas, aiming to avoid the courts in Delaware where Tesla is currently registered
Historically, India has been the dumping ground for Chinese electronics and other products whenever the EU and the US have rejected them. In the case of EVs though, things are a little different
The European Union has announced an increase in tariffs on Chinese electric vehicles, intensifying a trade dispute over Beijing's subsidies that Brussels believes are detrimental to domestic automakers. The European Commission, the EU's executive branch, stated that it would implement provisional tariffs, raising the duties for Chinese automakers to as much as 38 per cent, up from the current 10 per cent
While the complete results of the vote will be shared only at a Tesla shareholder’s meeting in Austin, later today, Musk has indicated that early voting indicates that he has the numbers favouring the restoration of the pay package
Tesla is facing a more serious issue: an ever-growing stockpile of unsold vehicles, particularly evident in Austin, Texas. This comes at a time when Tesla shareholders are supposed to approve $56 billion as remuneration for Tesla's stock's performance
From 2017 to 2023, EV registrations in the state grew by 1,275 per cent. All in all, there are 3.4 lakh e-vehicles in the state with 2.98 lakh two-wheelers, 23,516 four-wheelers and 18,246 three-wheelers
Volvo isn't the only automaker planning a move out of China to avoid EU's tariffs of China-made EVs. Reports have surfaced which suggest that auto manufacturers making EVs in China, like BMW, Volkswagen, Mercedes etc are also looking to expand in to neighbouring countries
Tesla Chairperson Robyn Denholm has warned investors and shareholders that if Elon Musk is not paid the $56 billion dollars that he was promised as compensation in 2018, he might leave the EV company and focus his time and efforts in other ventures
Japan has suspended the delivery and sales of six vehicles from Toyota and Mazda, intensifying a safety scandal involving some of the world's leading carmakers. On Monday, Japan's transport ministry announced that irregularities were discovered in certification applications for models from Toyota, Mazda, Honda Motor, Suzuki Motor, and Yamaha Motor. As a result, it ordered Toyota, Mazda, and Yamaha to halt shipments of certain vehicles
Tesla is urging suppliers to manufacture components that are both "out of China" (OOC) and "out of Taiwan" (OOT) to diversify its supply chain and has engaged in discussions with various suppliers, including those from Japan & South Korea, to explore its feasibility
China may temporarily raising tariffs on imported cars with engines larger than 2.5 liters, which could legally reach up to 25 per cent under World Trade Organisation rules. Key manufacturers likely to be affected by these tariffs include Toyota, Mercedes-Benz, and BMW
Chinese makers have started falling behind in clearing the bills of its suppliers. Some have a waiting period for as long as over 290 days. Meanwhile Tesla is settling its bills as per the industry standards and practically on time
Then Joe Biden administration is targeting key sectors, including EVs, batteries, solar cells, steel, and aluminium. The administration hopes this way, they are able to protect American industries from Chinese imports
Elon Musk is planning to test out Tesla's robotaxi capabilities in China. Furthermore Tesla’s FSD software might soon receive widespread approval in China. With this China hopes to thaw its relationship with the US and resume technological trades
According to the court filing, Tesla said that the Indian battery maker had continued to use the brand name despite a cease-and-desist notice sent to it in April 2022
In the latest round of layoffs at Tesla, Elon Musk has laid off two top-level executives and several hundreds of employees. Musk has also disbanded the supercharger team. Tesla is not done with layoffs yet and will be terminating more people in the days to come
Bhavish Aggarwal announced to workers that the company will be laying of at leat 200 employees or approximately 200 employees. The email that Aggarwal also revealed that CEO Hemant Bakshi, whose appointment was announced just months ago, has also quit
Following Elon Musk's trip to China, where he signed a deal with Baidu over developing its FSD and AI in the country, Tesla's stocks rallied by 15%, adding 82% to its market cap
Elon Musk's slap-dash visit to China, where he expanded Tesla's partnership with Baidu, may not be as fruitful as it seems. For example China, has a very strict control over how its tech companies handle data, and may not allow Tesla to export or move any of it abroad
Tesla is planning to make newer, cheaper EVs on its existing production lines. They are also looking to pause investing in new factories for the time being. This puts plans for Tesla's India factory in jeopardy at least for the near-future
Tesla will be laying off over 6000 employees from its Texas Gigafactory at Austin and California offices as it struggles with declining demand and shrinking profit margins. Tesla will cut 3,332 jobs in California and 2,688 in Texas, starting June 14
Like most of Elon Musk's ventures, Tesla is facing an avalanche of problems. With sales dwindling, and a massive recall that effects all Cybertrucks that have been delivered, Tesla investors are preparing for one of the worst results in about 7 years