The UK has now become Chinese EV giant BYD Co. Ltd.‘s (OTC:BYDDY) (OTC:BYDDF) largest international market as Tesla Inc. (NASDAQ:TSLA) sales continue plummeting in Europe. BYD Sales Increase Ten-Fold The company sold 11,271 vehicles in the UK during September, much higher than the 1,150 units it sold in the region during September last year, The…
Electric vehicle giant Tesla Inc. (NASDAQ:TSLA) is facing mounting competitive pressures from Chinese rivals who are quietly eating into its market share, both in China and Europe. One of the company’s most prominent rivals is Xpeng Inc. (NYSE:XPEV), which has been on a tear over the past year, running circles around its U.S.-based competitor. Xpeng…
Elon Musk has dismissed reports of his AI startup, xAI, raising $10 billion at a staggering $200 billion valuation. Musk labeled these reports as “fake news”, asserting that xAI is not in the process of raising capital. Earlier on Friday, CNBC reported stating that AI firm, xAI, raising $10 billion at a post-money valuation of $200 billion. Refuting the news, Musk…
Tesla Inc.‘s TSLA lackluster sales continue to pose a challenge for Elon Musk‘s EV giant, with the latest data suggesting dwindling market share in the U.S. Tesla Market Share Reaches Eight-Year Low In The U.S. The company’s total market share in the U.S. EV market is down to below 40% for the first time since…
Jeff Bezos-backed Slate Auto has recruited a key Tesla Inc. TSLA manufacturing leader amid its affordable EV pickup truck push. Slate Auto Poaches Tesla Model Y Assembly Lead The startup has recruited Napoleon Reyes, who headed Tesla’s Model Y and Model Y Refresh General Assembly from 2022 in Fremont, California, Electrek reported on Friday. “I…
Basketball legend Kobe Bryant expressed deep admiration for Elon Musk, often sharing how the billionaire served as a source of inspiration for him. What Happened: Bryant, renowned for his voracious appetite for knowledge, was always on the lookout for inspiration from the best in various fields. Musk, known for his innovative approach and relentless quest…
Elon Musk‘s artificial intelligence startup xAI is actively recruiting infrastructure engineers for its supercomputing division, offering roles with salaries ranging from $180,000 to $440,000 annually as the company pursues AI development projects. Key Hiring Focus On Kubernetes, Traffic Management xAI is specifically seeking engineers with expertise in Kubernetes clusters and traffic management systems. The Infrastructure…
Tesla Inc. TSLA has officially launched the 6-seater version of the Model Y SUV in China, dubbed the Model Y L, amid poor sales performances for Elon Musk’s EV giant. A Refreshed Tesla Model Y With 6 Seats The automaker released the new Model Y with 6 seats in the Chinese market for 339,000 RMB…
Elon Musk, the CEO of Tesla Inc. TSLA, has expressed concerns over potentially losing control of the electric vehicle giant due to the influence of activist shareholders. What Happened: Musk, who currently owns a 12.8% stake in Tesla, is apprehensive about being dethroned by shareholders who may not align with his vision for the company’s future. He…
Tesla Inc. TSLA has experienced a fifth straight month of declining sales in Europe as EVs continue to gain footing in the region. Check out the current price of TSLA stock here. What Happened: The latest sales figures for the European region during May come in through data released by the European Automobile Manufacturers’ Association,…