Auto Industry News

Tesla Plays 'Whack-A-Mole' With Snags As Deliveries Fall For First Time In Two Years

Jul 28, 2022 04:44 PM

2 mins read

Tesla Inc faces a series of hurdles ranging from production snags to rising inflation that may hit profits, Wall Street analysts said on Tuesday, as the electric-car maker reported a fall in deliveries for the first time in two years.

Fans Take BYD To Task As Recall Confusion Clouds Chinese EV Maker's Image

By Reuters

Jul 28, 2022 04:35 PM

Customers of China's BYD Co Ltd, the world's biggest electric vehicle (EVs) maker by sales, have taken the unusual step of urging regulators to expand a battery replacement recall to safeguard the reputation of a national champion.

Tesla Braces For Earnings Hit, But EV Delivery Outlook Is Key

By Reuters

Jul 28, 2022 04:30 PM

Tesla navigated supply-chain challenges better than rivals early in the pandemic, and Deutsche Bank analyst Emmanuel Rosner said high prices and cost-cutting could help Tesla pleasantly surprise investors.

Analysis-'Unknowns' Delay Tesla's Ramp-up Of Its Own Cutting-Edge Batteries

By Reuters

Jul 28, 2022 04:25 PM

Tesla said on Wednesday it would rely on suppliers to meet battery demand this year, as the necessity of learning new technologies is holding back its plan to boost production of its own batteries.

U.S. Energy Department Set To Loan GM Battery Joint Venture $2.5 billion

By Reuters

Jul 28, 2022 04:16 PM

The U.S. Energy Department on Monday announced it intends to loan a joint venture of General Motors Co and LG Energy Solution $2.5 billion to help finance construction of new lithium-ion battery cell manufacturing facilities.