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Tesla plans to launch a more affordable Model Y in China by 2026, utilizing existing production lines to cut costs by at least 20%. The current Model Y starts at 263,500 yuan (US$36,351) and the Shanghai facility will focus on the domestic market to enhance competition against local EV manufacturers. While production for North America and Europe is under consideration, no specific timelines have been announced.
Protesters in Schaumburg rallied against Elon Musk, accusing him of jeopardizing democracy and calling for a Tesla boycott. The movement, named "Tesla Takedown," encourages participants to sell their Tesla vehicles and stock, citing concerns over Musk's role in government and its impact on public services. Hundreds of similar protests are planned globally, with several scheduled in the Chicago area this weekend.
Investors are increasingly losing confidence in both Elon Musk and Tesla stock, raising concerns about the company's future performance. This shift in sentiment could have significant implications for Tesla's market position and investor relations moving forward.
The Nasdaq index has fallen to its lowest point since September, with major tech stocks losing a staggering $2.7 trillion in market value over three weeks. This decline, driven by fears of a trade war following President Trump's tariff announcements, has hit the largest US tech firms hard, with Nvidia, Apple, and Microsoft experiencing the most significant losses. The Nasdaq is down 4.9% for the week, on track for its worst performance in six months, with Goldman Sachs labeling the sector the “Maleficent 7.”
Elon Musk is perceived as an 'absent CEO' at Tesla due to his numerous other commitments, including a new role focused on federal job cuts. A senior journalist noted that Musk lacks the time for extensive meetings and detailed reviews, which are essential for managing a complex company like Tesla. His involvement in the DOGE project further detracts from his attention to Tesla, raising concerns about the company's direction.
Tesla has received over 200,000 orders for its updated Model Y SUV in mainland China, priced from US$36,292, following a significant sales drop of 51.5% in February. To meet the surge in demand, production at the Shanghai Gigafactory is being ramped up. February's sales of 30,688 units marked the company's lowest monthly total since July 2022.
Tesla has received over 200,000 orders for its updated Model Y SUV in mainland China, priced from US$36,292, following a significant sales drop of 51.5% in February. To meet the surge in demand, production at the Shanghai Gigafactory is being ramped up. February's sales of 30,688 units marked the company's lowest monthly total since July 2022.
A new lobbying scandal in the European Parliament has emerged, with police raids linked to allegations of bribery involving Huawei. Investigators are focusing on 15 current and former MEPs, with several arrests made and offices sealed. Huawei has stated it takes the allegations seriously and is committed to cooperating with the investigation.
Tesla plans to produce a lower-cost Model Y, codenamed "E41," at its Shanghai factory starting in 2026, aiming for a 20% reduction in production costs. This model will primarily target the Chinese market to maintain market share amid increasing competition. The vehicle will be smaller than the refreshed Model Y and is part of Tesla's strategy to adapt to declining sales in China, where the company’s market share has been decreasing.
Tesla is advancing its presence in India by initiating the homologation process for the Model Y and Model 3, ensuring compliance with local regulations. One application has received approval, adding to the previous seven, totaling nine submissions. Additionally, the company has secured a lease for its first showroom in Bandra Kurla Complex, Mumbai.
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Tesla to introduce affordable Model Y in China by 2026
04:20 15.03.2025
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Tesla Model Y orders soar despite significant sales decline in China
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Tesla to launch lower-cost Model Y in Shanghai by 2026
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