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...The Cybertruck is the first new Tesla vehicle since the Model Y in 2020, at a time when profits have fallen because of price cuts across its range to spur demand....
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...More than 90 per cent of Tesla’s sales are the Model 3 and Model Y, vehicles with prices starting above $35,000....
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...Tesla’s sales figures also “suggested a sharp deterioration in growth” in the US, said Tom Narayan, an auto analyst at RBC Capital Market, while the Model Y and 3, which account for more than 90 per cent...
...remains the dominant player in PHEVs, the company faces competition from Huawei’s Aito brand, whose M7 model is the fourth bestselling EV in China so far this year, behind two BYD models and Tesla’s Model Y....
...The challenge of turning this motley crew into a usable acronym meant that O’Neill simply called them the N-11....
...While Tesla sales growth has been driven by its Model 3 and Model Y cars, the group is not expected to release its next mass-market vehicle until late in 2025....
...Cybertruck is more of a ‘’halo’‘ product, in our view, to attract consumers to the brand for the mainstream vehicles Model 3 and Model Y. Which raises the question, why bother selling it at all?...
...The software update on 2.2mn vehicles covers Tesla’s 3, S, X and Y models and its new Cybertruck, almost every car the company has ever sold in the US, and was ordered because warning lights on the instrument...
...books repayments of the vendor financing through the financing activities section of its cash flow statements, along with debt and dividend payments, suggesting that in some ways it is even more finance-y:...
...The US electric-vehicle maker most recently offered incentives worth as much as Rmb34,600 ($4,800) to lure Chinese consumers to purchase Model 3 sedans and Model Y sport utility vehicles....
...The Californian carmaker now plans to fix software for all of its Model X, 3 and Y cars and many of its Model S cars in the US that were fitted with the system, the NHTSA said....
...Citi’s global autos team tells one sanguine story: We believe Tesla likely hit natural growth saturation points . . . we [also] believe Tesla’s Model 3/Y also experienced product age headwinds....
...The Cybertruck is the first new Tesla vehicle since the Model Y more than three years ago. Tesla has said it has received more than 1mn pre-orders....
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...The scheduled production pause has paved the way for the first refresh of Tesla’s model line-up since the launch of the Model Y more than three years ago....
...Tesla has also placed less emphasis on its flagship models, withdrawing them from right-hand drive markets such as the UK, in order to push its more affordable Model 3 and Model Y cars....
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...The expanded offering to investors is a show of confidence in a turnaround of the business under the leadership of Sue Y Nabi, a beauty veteran who was hired in 2020 to revamp operations as the fifth chief...
...The agency said black Tesla employees faced “racial abuse, pervasive stereotyping, and hostility”, and were called “variations of the N-word, ‘monkey’, ‘boy’, and ‘black bitch’”....
...Last year its Model Y, launched in 2020, became the best-selling car worldwide....
...High-end, long-range versions of the Model Y sport utility vehicle dropped by Rmb14,000 to as low as Rmb299,900 ($41,300)....
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