Tesla Cracks Down on Cybertruck Resellers Amid Surging Demand and Slow Production

March 12, 2024 – Reports have emerged indicating that due to the sluggish production rate of Tesla’s highly anticipated Cybertruck, reselling the vehicle has become the fastest means of acquiring one. According to recent updates, the Cybertruck Foundation series is currently being resold at exorbitant prices, reaching up to 290,000 USD, equivalent to approximately 2.08…

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Tesla Faces Mounting Losses as Extremist ‘Volcano Group’ Claims Responsibility for Factory Fire

March 07, 2024 – An extreme environmentalist group calling itself the “Volcano Group” claimed responsibility for a fire attack on a high-voltage tower near Tesla’s German factory on Tuesday, resulting in a halt to production. The blaze caused damage to some factory facilities, and combined with the losses from the production stoppage, Tesla’s financial toll…

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Tesla’s Refreshed Model 3 Performance Obtains South Korean Certification, Revealing New Details

March 06, 2024 – Tesla’s refreshed Model 3 Performance has recently obtained certification in South Korea, revealing some intriguing details about the upcoming electric vehicle. This new iteration boasts a front 3D3 induction asynchronous motor paired with a rear 4D2 permanent magnet synchronous motor (a new configuration), delivering 215 horsepower and 412 horsepower respectively. However,…

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Tesla Model 3 Performance Upgrade Spotted with Sports Seats for High-Intensity Driving

February 19, 2024 – Recently surfaced camouflaged spy shots of the upcoming Tesla Model 3 Performance upgrade have confirmed that the soon-to-be-released all-electric sedan will be equipped with sports seats designed for high-intensity driving. In line with other Tesla seat designs, the Model 3 Performance’s sports seats feature a sleek white aesthetic, adding to the…

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Tesla Unveils Bold Capital Expenditure Plans for 2024 and Beyond

January 30, 2024 – Tesla has today shed light on its capital expenditure plans for 2024 and beyond through the release of its 10-K report. In keeping with its tradition of increasing investments, the electric vehicle giant anticipates spending at least 10billionthisyear,anamountthatequatestoapproximately71.8billionChineseyuan.For2025and2026,thecompanyhasbudgetedbetween8 billion and $10 billion. Acknowledging the dynamic nature of its undertakings, Tesla cautioned…

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Tesla Stock Surge Propels Musk Back to Top of World’s Richest List

January 30, 2024 – Tesla Shares Surge, Boosting Musk Back to World’s Richest In a significant market move on January 29th, Tesla’s stock price experienced a notable increase of 4.19%, closing at 190.93pershare.Thissurgeinvalueelevatedthecompany′stotalmarketcapitalizationtoawhopping606.95 billion. Consequently, this significant jump in Tesla’s stock price has propelled its CEO, Elon Musk, back to the top spot as the…

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Tesla Reports Robust 2023 Financial Results, Led by Strong Model Y Sales and Soaring Energy Business Profits

January 25, 2024 – Tesla has unveiled its financial results for 2023, revealing a steady increase in revenue and profits despite facing various challenges throughout the year. According to the report, Tesla’s total revenue for the fourth quarter of 2023 amounted to 25.17billion,representinga396.77 billion, a significant 19% increase from 2022. In terms of profitability, Tesla…

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