An aerial view shows the Tesla Fremont Factory in Fremont, California on February 10, 2022. Josh Edelson | AFP | Getty Images Tesla is rolling out “market adjustment” pay increases this month to many of its factory workers across the U.S., according to notices posted at the company’s vehicle assembly plant in Fremont, California. Bloomberg … Read more
U.S. electric vehicle giant Tesla has long been an investor darling, but its Chinese rival BYD is increasingly coming into its own. Last week, data from both companies showed BYD dethroned Tesla in the fourth quarter as the top EV maker globally, and also surpassed Tesla’s production for a second straight year in 2023. BYD … Read more
C.E.O. of Tesla, C.E.O. of SpaceX and C.T.O. of X Elon Musk speaks during the New York Times annual DealBook summit on November 29, 2023 in New York City. Michael M. Santiago | Getty Images Elon Musk’s social media platform X, formerly known as Twitter, announced it will launch peer-to-peer payments this year, according to … Read more
Elon Musk — the CEO of Tesla and SpaceX and owner of X, formerly Twitter — speaks during the New York Times annual DealBook summit in New York City, Nov. 29, 2023. Michael M. Santiago | Getty Images The U.S. National Labor Relations Board has filed a complaint against SpaceX, alleging that Elon Musk’s defense … Read more
If there’s anything about BYD ‘s past that could predict its future, it’s being slow and steady. The nearly 30-year-old company may have beat Tesla in total car production in 2023 , but it still only has one tenth the market value. Last year, Tesla’s shares roughly doubled in price. BYD’s rose by about 10%. … Read more
2023 Ford Super Duty F-350 Limited Ford DETROIT – America maintained its love affair with pickup trucks in 2023 — but a top-selling vehicle from Toyota Motor nearly ruined their tailgate party. Sales of the Toyota RAV4 compact crossover came within 10,000 units of Stellantis‘ Ram pickup truck last year, a near-No. 3 ranking that … Read more
Aerial view of Tesla vehicles waiting to be loaded on board a roll-on-roll-off cargo vessel at Nangang port on September 6, 2023 in Shanghai, China. Vcg | Visual China Group | Getty Images Tesla is recalling more than 1.6 million cars in China to fix problems with Autopilot features and locks, state regulators announced Friday. … Read more
BYD’s new luxury brand Yangwang is selling its first model, the U8, for more than 1 million yuan (US$160,000). CNBC | Evelyn Cheng BEIJING — BYD has overtaken Tesla again by the sheer number of new energy vehicles produced in 2023, thanks in part to the Chinese automaker’s hybrids and wide range of offerings in … Read more
Chinese automaker BYD had one of the biggest stands at the IAA show in Munich, Germany in 2023. Arjun Kharpal | CNBC Elon Musk dismissed BYD in 2011 by laughing at their products during a Bloomberg interview. “Have you seen their car?” Musk quipped. “I don’t think it’s particularly attractive, the technology is not very … Read more
Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company’s plant in Normal, Ill. Michael Wayland | CNBC Shares of Rivian Automotive declined about 10% on Tuesday after the company reported increased vehicle production during the fourth quarter but fewer deliveries than the previous period. The electric vehicle company said it … Read more
