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
Tesla is slashing prices of its EV portfolio as well as its software services in the US, and key markets such as China, EU. Tesla is holding a lot of inventory and is looking for ways to get rid of the EVs at its stock yards and factories
Tesla is working with at least 30 automotive part makers based out in India. Of these, at least 8 are Indian while several others are companies with factories in India. The Tata Group too is set to become a key component provider
The US and UK are facing acute shortages of qualified and trained mechanics who can repair accidental EVs, especially if the battery or the battery compartment gets damaged even slightly. Less than 10% of the UK's auto mechanics are qualified to work directly on EV batteries
Tesla may have signed a major partnership with India's Tata Electronics, under which it will source some critical semiconductor chips from the company for its Global EV operations
China is apparently not pleased with Tesla setting up a factory in India and is seething at Elon Musk is expanding Tesla's operations in China. A Chinese newspaper article, claimed that India's "immature an underprepared markets" and "lack of adequate infrastructure" would fail Tesla
Tesla has laid off at least 10 per cent or about 14,000 people from teams across the world, citing slowing EV sales and an attempt to improve efficiency. The news came to light after an internal memo from Elon Musk, leaked online
Major politicians and officials in the current US administration have strongly urging President Biden to ban vehicles made in China. Even the White House has publicly stated that they are worried about the kind of equipment these Chinese cars and what kind of data they collect
CEO of Volkswagen Group, Oliver Blume believes VW is in no position to keep up with the fierce competition that China's EV makers pose. Up until last year, VW was the top selling carmaker in China, before it lost its crown to BYD
Amid reports that Tesla would cancel their $25,000 budget programme, Elon Musk has come out and announced that not only are they not cancelling the budget EV, they are also planning to launch a robot taxi by 2025
Ford said that they will take this opportunity to keep an eye out for emerging battery tech and see how it evolves. Meanwhile, Ford will go back to the drawing board and have a rethink on its hybrid car solutions
Despite not being a part of the US, a market where pickup trucks are ubiquitous, BYD has developed a one, which looks to be very promising. BYD will launch their EV pickup by the end of 2024
Tesla will be sending a team from the United States to look for a site in one of these three states. The factory needs to be in a coastal state that has a great automotive manufacturing hub
Tesla had on of its worst quarters, delivery wise, in Q1 of 2024. Experts and analysts believe that 2024 may be a rough year for Tesla market in terms of growth
Xiaomi's SU7 electric vehicle sedan opened last Thursday, with prices starting at $29,870. Within the first 24 hours, pre-orders surged to 88,898, highlighting the significant interest among consumers
Just days after Xiaomi unveiled its first EV, Huawei has now started the mass delivery of its own luxury EV, which it makes in partnership with China's Chery Automobile. Called the Luxeed S7 starts at approximately $34,600
Maruti Suzuki has acquired 6.44 per cent stake in an Indian AI startup, Amlgo Labs for Rs 1.99 crore. Maruti Suzuki hopes Amlgo's AI and ML models will help it take crucial decisions in enhancing the quality of new vehicle models
India's JSW Group and MG Motor have entered into a joint venture and plan to sell about 1 million electric vehicles in India by 2030. The new automotive JV also plans on launching a new product every 3-6 months
Despite sanctions from the US, NVIDIA has announced that they will be working closely with several Chinese EV makers, including Tesla-rival BYD, in order to develop self-driving technology and AI-driven infotainment systems