tesla model y – pressnews

Tesla revamps model Y in China, keeps starting price unchanged

1Oct

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Technology

Tesla revamps model Y in China, keeps starting price unchanged

[ad_1] Tesla Inc. released an updated version of the Model Y in China, with improved configurations and the same starting price, in a push to better compete with local rivals.Among the changes is a slightly faster 0-100 km/h acceleration time of 5.9 seconds, a new wheel design and added ambient lighting, the automaker said in a post on its WeChat account on Sunday. The starting price for the base model remains 263,900 yuan (just over $36,000), according to the post. The move to sweeten the Model Y offering is much-needed for the US company, as it faces escalating price pressure from domestic rivals like BYD Co., which aims to sell 3 million vehicles this year. Nio Inc. and Xpeng Inc., two other upstart Chinese electric vehicle makers gaining traction, are also expanding their lineups. T...

Elon Musk’s controversial Tesla drive breaks laws, has terrifying moment, but police unmoved

29Aug

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Elon Musk’s controversial Tesla drive breaks laws, has terrifying moment, but police unmoved

[ad_1] When Elon Musk left the Tesla Engineering HQ in Palo Alto on Friday clutching his smartphone and a livestream, he would not have anticipated the controversy it might cause. For 45 minutes, the Tesla and SpaceX CEO drove around the city and demonstrated the capabilities of Tesla's newest Full Self-Driving (FSD) update, FSD v12, thereby breaking several laws of the land in the process. Here's everything that happened during the eventful Musk live stream.Tesla FSD demo: What went downEverything was going fine initially, with Musk's Tesla coursing through roads, corners and roundabouts autonomously with relative ease, but that changed in the 19th minute as the vehicle almost jumped a red light and ran head-on into a busy intersection, causing Musk to intervene. It was a scary moment!...

Tesla’s Price War Pushes Xpeng to Focus on Cheaper Manufacturing

17Apr

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Tesla’s Price War Pushes Xpeng to Focus on Cheaper Manufacturing

[ad_1] Chinese electric vehicle maker Xpeng Inc. hopes that dramatic cuts to manufacturing costs will propel the eight-year-old company to profitability, co-president Brian Gu told reporters at the Shanghai International Auto Show, which opens to the general public on April 20.The Guangzhou-based company plans to shave 25% off the costs of its power train, battery cells included, and save 50% on intelligent driving features by the end of 2024, Gu said. As of now, the two account for more than half of the cost building Xpeng EVs, he added. Last year, disappointing sales forced Xpeng to push back its timeline for profitability to 2025. But battery materials are getting cheaper, Gu said, generating savings this year and into next. The company is also trying to reduce its use of laser-based...

Tesla to Build New Shanghai Factory for Megapack Battery

10Apr

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Tesla to Build New Shanghai Factory for Megapack Battery

[ad_1] Tesla Inc. will build a new battery factory in Shanghai, increasing investment in China at a time of brewing tensions between Beijing and Washington.Tesla will manufacture its Megapack large-scale energy-storage unit in the new facility, which adds to its factory for electric vehicles in Shanghai. The company led by Elon Musk, who is said to be visiting China this weekend, made the announcement at a signing ceremony for the project in Shanghai. Tom Zhu, Tesla's senior vice president of automotive, and Shanghai government officials including vice mayor Wu Qing attended, with Tesla Vice President Tao Lin signing the contract. Construction is scheduled to begin in the third quarter of this year and the plant will commence production in the second quarter of 2024, the company said in...

Tesla Isn’t Having the Epic End to the Year Elon Musk Predicted

14Dec

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Tesla Isn’t Having the Epic End to the Year Elon Musk Predicted

[ad_1] Price and production cuts contribute to the CEO squandering his status as world’s richest person. Elon Musk's prediction that Tesla would have an “epic” end of year looks more off base by the day. The ebullient outlook the CEO offered during the carmaker's last earnings call has given way to price and production cuts in China. In the US, Tesla is offering consumers something previously unthinkable: a $3,750 incentive to take delivery of certain vehicles now, rather than wait for the new year. “Tesla increasingly appears to have a demand issue,” Toni Sacconaghi, a Bernstein analyst with the equivalent of a sell rating on the stock, wrote in a report last week. He believes Tesla will need to slash prices further to stimulate demand in China, plus make permanent cuts to the c...

Tesla launches in Thailand, vying to compete with China EVs

7Dec

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Tesla launches in Thailand, vying to compete with China EVs

[ad_1] Tesla has launched sales in Thailand, offering its popular Model 3 and Model Y at prices aimed at competing with rivals like China's BYD. Tesla has launched sales in Thailand, offering its popular Model 3 and Model Y at prices aimed at competing with rivals like China's BYD. The company staged a glitzy showcase of its plans Wednesday at Bangkok's Siam Paragon mall. Online purchases have begun, with plans to deliver vehicles to buyers in the first quarter of next year. Southeast Asia's market of more than 600 million consumers is increasingly a focus for automakers looking to expand sales, especially of electric vehicles. Tesla said the vehicles will have the latest satellite navigation systems and other features such as over-the-air software updates. The company is sell...

Tesla cuts Dec Model Y output at Shanghai plant by more than 20% versus Nov – sources

5Dec

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Tesla cuts Dec Model Y output at Shanghai plant by more than 20% versus Nov – sources

[ad_1] Tesla plans to cut December output of the Model Y at its Shanghai plant by more than 20%. Tesla plans to cut December output of the Model Y at its Shanghai plant by more than 20% from the previous month, two people with knowledge of electric vehicle (EV) giant's production plan said on Monday. Tesla did not immediately respond to a request for comment on the planned cut, first reported by Bloomberg, and Reuters was unable to immediately ascertain the reason for reduction. Inventory levels at Tesla's Shanghai plant rose sharply after it completed an upgrade of the manufacturing facilities in summer, with EV inventory increasing at its fastest pace ever in October. The U.S. automaker has cut prices for Model 3 and Model Y cars by up to 9% in China and offered insurance inc...

Record! Tesla China Shipments Top 100,000 in November

5Dec

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Record! Tesla China Shipments Top 100,000 in November

[ad_1] Electric car deliveries from Tesla Inc.’s factory in Shanghai rose to a record in November. Electric car deliveries from Tesla Inc.'s factory in Shanghai rose to a record in November after the US automaker deployed aggressive marketing tactics and promotions in China's increasingly competitive market. Tesla shipped 100,291 cars in Asia's biggest economy last month, versus 71,704 in October and almost double the 52,859 vehicles the EV pioneer delivered in the same month of 2021, Cui Dongshu, secretary general of China's Passenger Car Association, said on Monday. Exact figures for domestic shipments and cars for export weren't specified. Annual deliveries from Tesla's Shanghai plant could possibly hit 750,000 units in 2022, Cui said. Tesla is facing intensifying competitio...

Tesla to Fix Rear Lighting Issue on Over 435,000 China-Made Cars

1Dec

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Tesla to Fix Rear Lighting Issue on Over 435,000 China-Made Cars

[ad_1] Tesla Inc. will conduct an over-the-air software update on more than 435,000 electric vehicles made at its factory in China due to a rear-lighting defect. Tesla Inc. will conduct an over-the-air software update on more than 435,000 electric vehicles made at its factory in China due to a rear-lighting defect.China's State Administration for Market Regulation said 142,277 Model 3 sedans and 292,855 Model Y sports utility vehicles could be affected by the issue, which in extreme cases raises the risk of crashes. The recall follows a similar move in the US last month, when Tesla had to update software on more than 321,000 EVs because their tail lights might fail to illuminate. Tesla rolled out another software fix last week on about 80,000 Model 3, S and X EVs in China, imported a...

Elon Musk Blinks; Tesla China Strategy Revamped Over Fierce Rivalry

22Nov

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Elon Musk Blinks; Tesla China Strategy Revamped Over Fierce Rivalry

[ad_1] Tesla is changing its marketing approach in China as fierce competition from domestic rivals and uneven demand puts its growth plans at risk. Tesla Inc. is changing its marketing approach in China as fierce competition from domestic rivals and uneven demand puts its growth plans in the world's biggest electric-car market at risk. The EV pioneer has extended insurance subsidies of as much as 8,000 yuan ($1,100) for new buyers, according to a post on its Weibo account, reinstated a user referral program and even advertised on a local TV shopping channel -- a rare move for a company that's proudly eschewed traditional advertising avenues. The moves come after Tesla cut prices across its Chinese lineup for the first time in 15 months in October, as it faces a slew of headwinds the...