EF:BUSINESS-CHARGED

U.S. seeks Tesla driver-assist paperwork; firm hikes capex forecast

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WASHINGTON, Jan 31 (Reuters) – Tesla Inc (TSLA.O) disclosed on Tuesday the U.S. Justice Division has sought paperwork associated to its Full Self-Driving (FSD) and Autopilot driver-assistance techniques as regulatory scrutiny intensifies. The automaker mentioned in a submitting it “has acquired requests from the DOJ for paperwork associated to Tesla’s Autopilot and FSD options.” Reuters … Read more

Ford to chop costs of Mustang Mach-E, following Tesla’s lead

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Jan 30 (Reuters) – Ford Motor Co (F.N) on Monday reduce costs of its electrical crossover SUV Mustang Mach-E by as a lot as $5,900 per automobile, weeks after rival Tesla Inc (TSLA.O) slashed costs globally on its electrical automobiles by as a lot as 20%. Shares of Ford closed down 2.9% in above common … Read more

EV maker Lucid surges on report Saudi PIF to purchase remaining stake

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Jan 27 (Reuters) – Lucid Group’s (LCID.O) shares surged 43% on Friday, paring positive factors after doubling on market hypothesis that Saudi Arabia’s Public Funding Fund (PIF) needed to purchase out the electrical automobile maker. The hypothesis originated from an “raw” alert attributed to offers web site Betaville, utilizing its time period for market gossip. … Read more

Unique: Geely plans to show maker of London black cabs into EV powerhouse

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COVENTRY, England, Jan 23 (Reuters) – China’s Geely (0175.HK) is planning a giant funding to show the maker of London’s iconic black taxis right into a high-volume, all-electric model with a spread of economic and passenger automobiles, executives on the unit advised Reuters. London Electrical Car Firm (LEVC) additionally goals to broaden its suite of … Read more

Tesla extends worth cuts to U.S., Europe in gross sales push

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Tesla cuts costs in U.S., Europe by as much as 20% Transfer follows cuts throughout Asia final week Some fashions now qualify for U.S. tax credit Mannequin 3 worth in Germany in step with Volkswagen’s ID.3 Jan 13 (Reuters) – Tesla (TSLA.O) has slashed costs on its electrical automobiles in the US and Europe, the … Read more

Tesla supply time is longer on some China fashions after reductions

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SHANGHAI, Jan 9 (Reuters) – Potential Tesla Inc (TSLA.O) patrons in China are ready longer for sure variations of its Mannequin Y automobile, suggesting the electric-vehicle maker’s determination to chop costs is stoking demand in its second-largest market. The ready time for orders of the rear-wheel-drive and long-range variations of Mannequin Y was every week … Read more

Tesla house owners in China protest towards shock value cuts they missed

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SHANGHAI, Jan 7 (Reuters) – Lots of of Tesla (TSLA.O) house owners gathered on the automaker’s showrooms and distribution centres in China over the weekend, demanding rebates and credit score after sudden value cuts they mentioned meant they’d overpaid for electrical vehicles they purchased earlier. On Saturday, about 200 current patrons of the Tesla Mannequin … Read more

Tesla slashes Mannequin 3, Mannequin Y costs in China for second time in 3 months

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SHANGHAI, Jan 6 (Reuters) – Tesla (TSLA.O) reduce automobile costs in China for the second time in lower than three months on Friday, deepening its reductions on the planet’s largest auto market as competitors picks up and the demand outlook darkens. The most recent reduce, together with a discount in October in addition to varied … Read more

Sony, Honda roll out prototype of ‘Afeela’ EV that makes use of Qualcomm tech

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Jan 4 (Reuters) – Japan’s Sony (6758.T) on Wednesday unveiled a prototype of the brand new “Afeela” electrical autos it’s going to construct along with Honda (7267.T), saying it will harness its huge leisure content material because it appears to develop into a participant in next-generation vehicles. Sony gave a glimpse of the Afeela, which … Read more

Tesla shares endure New 12 months’s hangover on demand worries, supply points

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Inventory high S&P 500 loser on first buying and selling day of 2023 Selloff knocks off $50 billion from market cap Tesla misses This autumn automobile deliveries estimate EV firm continues to be the world’s most beneficial automaker Jan 3 (Reuters) – Tesla Inc (TSLA.O) shares kicked off 2023 with a thud, plunging greater than … Read more