Tag: Tesla

California county says Tesla may not reopen vehicle factory, stifling Musk’s plans

(Reuters) – Tesla Inc (TSLA.O) “must not reopen” its vehicle factory in the San Francisco Bay area as local lockdown measures to curb the spread of the coronavirus remain in effect, the local county health department said on Friday.

Tesla Inc?s only U.S. vehicle factory is seen in Fremont, California, U.S., during the global outbreak of the coronavirus disease (COVID-19), May 8, 2020. REUTERS/Nathan Frandino

The comments came after Tesla’s chief executive, Elon Musk, told employees Thursday evening that limited production would restart at the factory in Fremont, Tesla’s only U.S. vehicle factory, on Friday afternoon.

California Governor Gavin Newsom on Thursday afternoon said that manufacturers in the state would be allowed to reopen. But Alameda County, where the factory is located, is scheduled to remain shut until the end of May.

A spokeswoman for the Alameda County Public Health Department in a statement referred to the county’s

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Tesla to drop price of Model 3 in China to access electric vehicle subsidies

Elon Musk says Tesla will drop the price of the Standard Range Model 3 in China from Friday so that it will be eligible for China’s “new energy vehicle” subsidies.

Speaking at the company’s earnings call for the first quarter of 2020 on Thursday (Australian time), Musk said he was excited to announce the price drop.

China’s electric car market has suffered a blow over the last three quarters after the Asian economic leader dropped subsidies for electric vehicles.

Recent reports that China’s government was considering extending subsidies as a response to boost the economy in the wake of the Covid-19 crisis left some wondering if non-domestic auto makers, including Tesla, would be left out in the cold.

The 2 year extension ultimately included only vehicles costing RMB300,000 ($A64,85) or less. Currently, the base price for the Standard Range (SR) Model 3 made at Tesla’s Shanghai factory is RMB323,800 ($A69,995

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Tesla Model Y Is ‘An Extremely Compelling Vehicle’ For Many People

Not long ago, we alerted you that Edmunds took ownership of its long-term Tesla Model Y. The publication produced a video of its initial impressions and made us aware that they’d soon have much more to share about the new Tesla crossover. In addition, Edmunds’ official Model Y written review is online.

Since then, Edmunds has had more time with the car. which is a dual-motor all-wheel-drive Performance version with the Performance Upgrade package, as well as Full Self-Driving capability. Apparently, its team is quite impressed. So much so that it tweeted that the Model Y is going to be “extremely compelling” for a lot of people.

Why? Because of its winning combination of performance, price, and technology. Edmunds did, however, wish for more interior “richness” and better rear visibility.

 

We’d also like to point out that Edmunds made an important correction to its initial review. In that video, it

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Tesla stocks surges due to strong vehicle delivery numbers in Q1 [Video] [Video]

Tesla shares are up nearly 17% after the automotive company announced that it delivered roughly 88,000 cars in the first quarter of 2020. Yahoo Finance’s On The Move panel discusses.

Video Transcript

JULIE HYMAN: And we’re watching shares of Tesla, which are up about 5 and 1/2%, even as we see stocks overall decline. This is after the electric carmaker said it had delivered 88,400 vehicles in the first quarter of this year, and that was ahead of– of projections. So let’s talk about this with our panel right now, Rick Newman, somebody who watches the car industry closely. So, Rick, production is really something that has bedeviled Tesla at times, so I guess this is reassuring on that front.

RICK NEWMAN: Yeah, these numbers come with an asterisk, like everything related to the car industry and so many other industries right now, because Tesla was of course, affected. They

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GM ‘Came Out Swinging’ Against Tesla With Its Electric-Vehicle Technology

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The General Motors logo


Photograph by Justin Sullivan/Getty Images

General Motors
has big electric-vehicle ambitions, and Wall Street appears to be impressed.

“GM comes out swinging against Tesla,” Wedbush analyst Dan Ives wrote in a Wednesday evening research report, following the company’s electric-vehicle technology presentation near Detroit earlier in the day.

Ives covers
Tesla
(ticker: TSLA) stock but not General Motors (GM). He was interested in what the state of EV technology is at a traditional auto maker that predominantly builds gasoline-powered vehicles. “We believe the event was a clear shot across the bow against [Elon] Musk and Tesla, which continues to lead the EV landscape by a clear margin.”

Even though Ives thinks Tesla is in the lead, he said Musk’s company has to take GM “seriously in this EV arms race.”

GM CEO Mary Barra said Wednesday that “from 2020 to 2025, we will allocate more

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