Tesla has introduced an upgraded Model Y in China, featuring enhanced design and functionality, priced from 263,500 yuan ($35,900), as the company seeks to reclaim market share in the highly competitive EV market.
Tesla has launched a revamped Model Y in China, featuring updated design and enhanced interior features, to regain market share lost to competitors like Xiaomi.
Priced from 263,500 yuan ($35,900), 5.4% higher than the previous model, deliveries are expected to begin in March pending regulatory approval.
While the Model Y became the world’s best-selling car in 2023, Tesla’s share of China’s BEV market fell to 10.4% in 2024, down from 11.7% the previous year, amid fierce local competition. The new Model Y aims to bolster Tesla’s position in the world’s largest EV market.
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German Chancellor Merz addresses foreign companies and congratulates Azerbaijan and Armenia on peace deal...
U.S. Treasury Secretary Scott Bessent confirmed on Tuesday that he had discussed U.S. sanctions on Russian oil giants Lukoil and Rosneft with Ukrainia...
Wall Street closed sharply lower on Thursday, dragged down by steep losses in Nvidia, Tesla, and other artificial-intelligence heavyweights, as investors dialed back expectations for further Federal Reserve interest-rate cuts amid renewed inflation concerns and mixed signals from policymakers.
Tesla CEO Elon Musk won shareholder approval on Thursday for the largest corporate pay package in history as investors endorsed his vision of morphing the electric vehicle (EV) maker into an artificial intelligence (AI) and robotics juggernaut.
Tesla has told the Delaware Supreme Court that Elon Musk’s $56 billion pay package should have been restored last year through a shareholder vote, as the company appeals a lower court ruling that rescinded the CEO’s record compensation.
Tesla sales hit a record 497,099 vehicles in Q3 as buyers rushed before the U.S. tax credit expired according to reports. Despite the surge, experts warn the gains may not last amid rising competition.
Authorities in Japan lifted all tsunami warnings on Tuesday following a strong 7.5-magnitude earthquake that struck off the northeastern coast late on Monday, injuring at least 30 people and forcing around 90,000 residents to evacuate their homes.
Pressure is mounting between Venezuela and the United States as both nations emphasise military preparedness and strategic positioning.
A group of demonstrators gathered outside the Norwegian Nobel Institute to protest the awarding of this year’s Nobel Peace Prize.
Tehran has protested to Washington because of the travel ban on its football team delegation as well as Iranian fans who would like to travel to the United States for the upcoming World Cup matches in 2026.
Paramount Skydance (PSKY.O) has launched a $108.4 billion hostile takeover bid for Warner Bros Discovery (WBD.O). The escalation follows a high-stakes battle that had appeared to end last week when Netflix secured a $72 billion deal for the studio giant’s assets.
A group of demonstrators gathered outside the Norwegian Nobel Institute to protest the awarding of this year’s Nobel Peace Prize.
German Chancellor Merz addresses foreign companies and congratulates Azerbaijan and Armenia on peace deal
U.S. Treasury Secretary Scott Bessent confirmed on Tuesday that he had discussed U.S. sanctions on Russian oil giants Lukoil and Rosneft with Ukrainian Prime Minister Yulia Svyrydenko.
Ukrainian President Volodymyr Zelenskyy has said that his country and European partners will soon be ready to present the United States with refined documents outlining a potential peace plan.
The United States Senate is set to vote on Thursday on a Republican-backed plan aimed at addressing expiring Affordable Care Act (ACA) subsidies, Senate Majority Leader John Thune announced on Tuesday.
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