Tesla has halted new orders for two imported, US-made models in China, as reported by Reuters. This move reflects ongoing challenges in the Chinese market, where competition and regulatory pressures continue to intensify for the electric vehicle manufacturer.
Tesla is reportedly planning a more cost-effective version of the Model Y, aiming to reduce production costs by at least 20%. This strategic move seeks to strengthen its market share in China amid increasing competition.
Tesla experienced a significant downturn in German sales, plummeting 76% in February, according to Reuters. This sharp decline raises concerns about the company’s competitiveness in the European electric vehicle market amid increasing local competition.
Tesla’s sales in Germany plummeted 76% amid Elon Musk’s controversial political campaigning efforts. The sharp decline raises questions about the impact of Musk’s distractions on the automaker’s performance in key European markets.
In a shocking incident in France, an arson attack has resulted in the destruction of twelve Tesla vehicles. Authorities are currently investigating the motive behind the attack, as officials work to piece together the events leading to this unusual incident.
