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
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
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
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
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
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
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
Tesla demonstrated new V3 supercharger equipment on a Berlin research campus on Thursday. Managers at Tesla said they were looking at more target cities to attract potential buyers in Germany worried about access to EV charging. The more powerful chargers can add 75 miles (120 km) of range to a Model 3 in five minutes.
FutureCar Staff 2020-09-10 16:55 PT
U.S. electric automaker Tesla is expected to have impressive sales numbers for the rest of the year in China, according to China’s Passenger Car Association (CPCA), which tracks sales in the world’s biggest auto market. Tesla sales for 2020 are estimated to be 100,000+ vehicles, despite the effect of the pandemic earlier this year which led to the shut down of most of China’s auto production and sales.
FutureCar Staff 2020-08-12 19:30 PT
On Wednesday Tesla reported profitable second quarter earnings, which is its fourth consecutive profitable quarter for the company and paves the way for the company’s inclusion in the coveted S&P 500 index. The S&P 500 is largely considered an essential benchmark index for the U.S. stock market. The four consecutive profitable quarters are the first in Tesla’s history.
Eric Walz2020-07-22 15:15 PT
As a result of Tesla’s incredible stock surge, shares of South Korean battery maker LG Chem, have also risen by 60% this year to a valuation of about US$30 billion, becoming the sixth-largest stock on the benchmark The Korea Composite Stock Price Index (KOSPI). Part of LG Chem’s stock surge can be attributed to the deal to supply batteries to the electric automaker.
Derrick Smith2020-07-22 08:15 PT
One day after electric automaker Tesla became the world’s most valuable automaker with a market cap of $206 billion, the California automaker reported vehicle deliveries which beat analysts expectations, sending the company’s stock to record highs. Shares of Tesla jumped by $85 in early trading on Thursday to $1,204, the highest stock price since Tesla became a public company in 2010.
FutureCar Staff 2020-07-02 11:00 PT
California electric automaker Tesla said on Wednesday it will cut prices of its electric vehicles in North America and China as the company ramps up production at its Fremont, California, factory after the easing of coronavirus lockdowns.
Eric Walz2020-05-27 07:00 PT
Electric automaker Tesla plans reveal its new advanced battery later this year which will debut in the China-made Model 3. The new low-cost battery is designed to last for one million miles and will allow Tesla to profitably sell its electric vehicles for around the same price of a gas-powered one.
Eric Walz2020-05-14 10:30 PT
Tesla has suspended production in China, according to Chinese tech news site 36kr. The company’s Shanghai factory is currently building the Model 3 sedan for the Chinese market and is Tesla's only overseas factory.
FutureCar Staff 2020-05-07 08:25 PT
Tesla announced it is lowering the price of its China-made Model 3 sedan by 10% in order to qualify for revised government subsidies for electric vehicles in China.
Eric Walz2020-05-01 11:30 PT
Tesla reported strong first quarter earnings in 2020, indicating that demand for its electric vehicles remains steady, despite a slowing economy due to the coronavirus pandemic. The company reported its third consecutive profitable quarter for the first time in its history.
FutureCar Staff 2020-04-30 09:00 PT
Two new versions of Tesla’s mass-market Model 3 went live on the company’s online design studio in China for the first time. The electric cars will be produced at the company's new Shanghai gigafactory.
Manish Kharinta2020-04-19 16:30 PT
While an impressive figure, that figure doesn't translate over to the same amount in the U.S., but could point toward future improvements.
Vineeth Joel Patel2020-04-11 08:00 PT
Electric automaker Tesla just had its best sales month ever in China despite the coronavirus pandemic which caused a big drop in new vehicle sales in China. The California automaker sold 10,160 vehicles in China in March, the China Passenger Car Association (CPCA) said on Thursday.
Eric Walz2020-04-09 13:30 PT
Vineeth Joel PatelJan 18, 2021 7:10 AM PT
Vineeth Joel PatelJan 17, 2021 7:20 AM PT
Vineeth Joel PatelJan 16, 2021 8:00 AM PT