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...Baidu’s electric vehicle arm Jidu has also delayed the launch of its Robo-01 model, despite pledges that deliveries would start in the third quarter....
...“If you value Tesla just as an auto company you fundamentally have the wrong framework. If you ask the wrong question, the right answer is impossible,” he said....
...Barclays also expects Tesla’s 2024 delivery volume to be flat....
...He testily refused to comment this week on reports that the ambitious Model 2 project — which called for a new “revolutionary manufacturing system” at factories in Texas and Mexico — had been scrapped so...
...This shift will have major ramifications for both the auto industry and the energy sector.”...
...Investors, who are already digesting a steadily falling share price, disappointing sales figures, and a contentious plan to move company headquarters from Delaware to Texas, face another conundrum: whether...
...The new paper, by Jeremiah Green of Texas A&M and John Hand of University of North Carolina, argues that at least on the ethnic diversity side, the studies just don’t hold up....
...The Texas plant has a production goal of 250,000 Cybertrucks a year, although the company does not expect to meet that objective until at least 2025....
...We forecast 50 deliveries in FY23 followed by 30,000 units in FY24 and 78,000 units in FY25. Our ATP assumption starts at $90k and falls to $84k by 2025....
...Analysts said the ongoing price war in China’s auto market could lead to a vicious cycle. “In the case of China, when the price is lower, people think, ‘wait a minute....
...of Beijing-based advisory company Sino Auto Insights....
...Sodergren said the company has been expanding its investments in semiconductors in the past six or seven years, including a new site in Austin, Texas, and an expanded team in Sweden....
...Tesla said it had hit its target of delivering 1.8mn cars in 2023 but, unlike in recent years, did not offer a specific delivery target for 2024....
...Wednesday was also the first time that Musk put a figure on expected Cybertruck production at the company’s Texas plant....
...Tesla is developing a low-cost model due to begin production in late 2025 and is increasing deliveries of its Cybertruck, while contending with slowing growth....
...Some players in the auto industry want to slow the electric transition....
...Tesla has been working to increase the efficiency of its car production and lift volumes from its newer plants in Texas and Germany....
...United Auto Workers, the 391,000 member union that represents workers at General Motors, Stellantis and Ford, elected a new president in March who has also pledged to be tougher on employers....
...The factory struggled to meet ambitious production goals last year, slashing deliveries to 25,000 vehicles from 50,000 as first planned....
...Most analysts had expected deliveries to reach between 420,000 and 430,000....
...“We believe China consumer demand improved during the quarter for Tesla and was key to the company exceeding [delivery expectations]....
...This month it started offering incentives of $7.500 for anyone taking delivery of a Model 3 or Model Y before the end of the year....
...The company is also increasingly facing fierce competition from domestic rivals including BYD and Li Auto....
...Reasons for inventory bloat are likely complicated and intertwined — probably involving some combination of weaker total autos demand, fewer supply chain problems, timing of rejigged US tax breaks, Chinese...
...— Delivery apps are offering loans to workers....
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