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Tesla’s Electric Vehicle Sales Declined by Nearly Half Last Month in China

Tesla’s Electric Vehicle Sales Declined by Nearly Half Last Month in China

As Tesla deals with the fallout of increased government scrutiny over its customer service and how it handles data, its vehicle sales fell last month in China by nearly 50%. Tesla is also facing growing competition from rival automakers in China in the electric vehicle space.

FutureCar Staff 2021-06-04 12:45 PT

Tesla’s Battery Supplier CATL Plans to Build a Major EV Battery Factory in China

Tesla’s Battery Supplier CATL Plans to Build a Major EV Battery Factory in China

Chinese battery manufacturer Contemporary Amperex Technology Limited (CATL) is planning to build a major new electric vehicle battery plant in Shanghai, as the company looks to become the world's biggest supplier of EV batteries. The company also aims to expand its partnership with Tesla and become its biggest battery supplier.

Eric Walz2021-06-03 10:45 PT

Tesla to Recall Roughly 6,000 U.S.-Built Vehicles to Inspect Brake Caliper Bolts

Tesla to Recall Roughly 6,000 U.S.-Built Vehicles to Inspect Brake Caliper Bolts

Electric automaker Tesla is recalling nearly 6,000 U.S.-built Model 3 and Model Y vehicles because brake caliper bolts could be loose. In rare cases, the loose bolts can puncture the tire resulting in a sudden loss of tire pressure. The recall covers certain 2019-2021 Model 3 vehicles and 2020-2021 Model Y vehicles.

FutureCar Staff 2021-06-02 08:00 PT

Tesla Model 3, Model Y Downgraded in Consumer Reports and IIHS’ Safety Testing

Tesla Model 3, Model Y Downgraded in Consumer Reports and IIHS’ Safety Testing

With Tesla cutting features as it moves to a camera-only safety system, a few organizations have decided to take awards away from the brand’s two most affordable models.

Vineeth Joel Patel2021-05-31 07:25 PT

Tesla Sets Up a Site in China to Store Vehicle Data and Ensure it Remains the Country

Tesla Sets Up a Site in China to Store Vehicle Data and Ensure it Remains the Country

After getting flack from regulators over how electric automaker Tesla stores camera and sensor data from its vehicles in China, the California company is working with Chinese regulators and has set up a data site to securely store it. Automakers are facing growing scrutiny over how they handle data collected by vehicle cameras or sensors.

Eric Walz2021-05-25 10:50 PT

The First of Tesla’s China-made V3 Superchargers is Now Online in Shenzhen

The First of Tesla’s China-made V3 Superchargers is Now Online in Shenzhen

The first of Tesla's China-built V3 Superchargers is now online in Shenzhen. The V3 Superchargers for Tesla's charging network in China are now being built at the automaker's new Supercharger manufacturing facility in Shanghai, which started production on Feb 3. Tesla is actively expanding its Supercharging network in China, which is the world's biggest auto market.

Eric Walz2021-05-21 10:55 PT

Tesla Chief Elon Musk Says 'Red Tape' is Causing Delays in Completing its Berlin Gigafactory

Tesla Chief Elon Musk Says 'Red Tape' is Causing Delays in Completing its Berlin Gigafactory

​Tesla Chief Executive Elon Musk is blaming bureaucracy and red tape for delays in completing its new Gigafactory Berlin-Brandenburg in Germany. The factory was scheduled to begin building cars by July 1, but that timeline has been pushed back to later this year after Tesla added plans to add battery cell production at the site, which requires an additional approval process.

FutureCar Staff 2021-05-17 15:45 PT

Tesla to Hold Off Buying Land to Expand its Shanghai Factory Due to Ongoing U.S.-China Tensions

Tesla to Hold Off Buying Land to Expand its Shanghai Factory Due to Ongoing U.S.-China Tensions

California automaker Tesla Inc. is putting its expansion plans in China on hold due to rising tensions between the U.S. and China. in March, Tesla refrained from bidding on a plot of land across the road from its Shanghai factory, as it's no longer aiming to boost China production capacity significantly, at least for now, Reuters reports. The sources declined to be named as the discussions were private.

Eric Walz2021-05-11 10:25 PT

Tesla is Developing a Platform That Allows Customers in China Access to Their Vehicle Data

Tesla is Developing a Platform That Allows Customers in China Access to Their Vehicle Data

On Thursday, Tesla said it's developing a platform for car owners in China that will allow them to access data generated by their vehicles. Tesla aims to launch the platform by this year. This is the first time an automaker has announced plans to allow customers access car data in China, the world's biggest car market.

FutureCar Staff 2021-05-07 11:30 PT

Tesla Reports is Highest Quarterly Profit Ever, Predicts the Model Y Could Become the World’s Best Selling Vehicle of Any Kind

Tesla Reports is Highest Quarterly Profit Ever, Predicts the Model Y Could Become the World’s Best Selling Vehicle of Any Kind

As competition heats up in the electric vehicle space, pioneer Tesla proved that it’s still the undisputed leader in the auto industry. On Monday, Tesla reported its highest quarterly profit ever with a GAAP net income of $438 million. Tesla’s non-GAAP net income surpassed $1 billion for the first time in its history due to brisk sales of the Model 3 and Model Y.

Eric Walz2021-04-27 12:15 PT

Tesla Reports its Q1 Production & Deliveries, Model Y, Model 3 Demand Remains Strong

Tesla Reports its Q1 Production & Deliveries, Model Y, Model 3 Demand Remains Strong

Tesla reported its Q1 results on Friday which beat Wall Street estimates for first-quarter deliveries. Tesla’s sales were boosted by strong demand for the Model Y. The company produced 180,338 Model 3 sedans and Model Y crossovers in Q1 and delivered 182,780 of them.

FutureCar Staff 2021-04-02 08:30 PT

Tesla Vehicle Deliveries are Delayed Up to 14 Weeks as the Company’s Stock Price Falls 30% From its Record High in January

Tesla Vehicle Deliveries are Delayed Up to 14 Weeks as the Company’s Stock Price Falls 30% From its Record High in January

On top of Tesla’s falling stock price, deliveries of the Model 3 sedan and Model Y crossover have been delayed up to 14 weeks, according to Tesla’s updated vehicle order webpage, which now lists the updated delivery timelines for Tesla’s more popular models. Customers looking to purchase a Model 3 or Model Y can expect delivery times somewhere between 2 to 14 weeks.

Eric Walz2021-03-08 17:20 PT

Elon Musk Says Tesla’s California Factory Was Forced to Close for Two Days Due to Parts Shortages

Elon Musk Says Tesla’s California Factory Was Forced to Close for Two Days Due to Parts Shortages

The global chip shortages that have been plaguing the auto industry this year has apparently hit electric automaker Tesla Inc., the world’s most valuable car company, according to sources that spoke to Reuters. The sources said they were not aware of a reason for the production cuts, but one person said the ongoing chip shortage affecting the auto industry is at least partially to blame.

FutureCar Staff 2021-02-25 15:45 PT

Tesla’s Market Value Tops $800 Billion for the First Time, But Can the Company Sell Another 500,000 Vehicles in 2021?

Tesla’s Market Value Tops $800 Billion for the First Time, But Can the Company Sell Another 500,000 Vehicles in 2021?

​Electric automaker Tesla became the world’s most valuable car company in 2020. But Tesla’s meteoric rise did not end there. The company's stock has continued to climb and now for the first time Tesla’s market cap has surpassed $800 billion. However, in order to justify Tesla’s soaring value, the company will need to sustain its sales momentum throughout 2021 and beyond. But there are indications that Tesla will have a difficult time matching the success in 2020.

Eric Walz2021-01-08 12:15 PT

Tesla’s Autopilot is Rated as the Best Advanced Driver Assistance System in China

Tesla’s Autopilot is Rated as the Best Advanced Driver Assistance System in China

A recent survey conducted by the automotive test outlet 42HOW in China has declared Tesla’s Autopilot feature as the best automated driving system on the market in China with a total score of 283 out of a 335. The Model 3 managed to set a substantial lead over the first runner-up the BMW X5, which received 208 points respectively. Seventh place was the Cadillac CT6 with a score of 129.5.

Manish Kharinta2020-12-09 14:50 PT

Everything You Need To Know About The 'Refreshed' Tesla Model 3

Everything You Need To Know About The 'Refreshed' Tesla Model 3

Electric automaker Tesla is getting ready to introduce a refreshed version of its mass-market Tesla Model 3 sedan. The upcoming version is poised to receive a wide range of new updates, including add-on features and some new styling elements. In China, Model 3 sedan rolling off the assembly line at Tesla’s Shanghai gigafactory will come with new features such as double pane glass windows and blacked-out exterior trim.

Manish Kharinta2020-11-10 09:40 PT

Tesla to Export its China-built Model 3 to Countries in Europe

Tesla to Export its China-built Model 3 to Countries in Europe

Electric automaker Tesla has confirmed that its will ship Model 3 sedans built at its new Shanghai factory to customers in Europe. The electric cars will be shipped to ten countries in Europe beginning this month, including Germany, France, Italy and Switzerland, the automaker said.

Eric Walz2020-10-19 09:00 PT

Tesla Cuts of the Price of the Model 3 Sedan in China by 8%

Tesla Cuts of the Price of the Model 3 Sedan in China by 8%

California automaker Tesla has cut the price of the China-built Model 3 in China by 8%. Tesla’s China website now shows the starting price of the standard range Model 3 sedan at 249,900 yuan ($36,805), after Chinese subsidies for electric vehicles are applied. The day before, the starting price for Model 3 was listed at 271,550 yuan ($39,990) after subsidies.

FutureCar Staff 2020-10-01 14:45 PT

Elon Musk Promises Tesla Will Have a $25,000 EV by 2023

Elon Musk Promises Tesla Will Have a $25,000 EV by 2023

This isn’t the first time Tesla’s CEO has pitched the idea of an affordable electric car, but this time, Musk believes it’s possible because of its new tabless battery cells.

Vineeth Joel Patel2020-09-26 07:15 PT

Tesla Plans to Export its China-made Model 3s to Asia & Europe, Sources Say

Tesla Plans to Export its China-made Model 3s to Asia & Europe, Sources Say

Electric automaker Tesla is planning to export Model 3 sedans built at its Shanghai factory to Asia and Europe, according to sources. The first China-built Model 3s for delivery outside the country likely will start mass production in the fourth quarter, Bloomberg reports.

FutureCar Staff 2020-09-11 15:15 PT

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