As part of a global effort to lower the price of its cars, electric vehicle manufacturer Tesla has drastically reduced its prices in the Irish market. The move aims to bolster demand as Tesla faces falling sales amid recession fears and heightened competition, some analysts and investors said. The price reductions are sufficient, according to … Read more
Hyundai Motor unveiled its first electric sedan, Ioniq 6, on July 14. The South Korean automaker is betting the Ioniq 6 will help it grab a bigger share of the electric vehicle (EV) market dominated by Tesla Inc. The South Korean Motor Co. launched the car at the Busan International Motor Show in South Korea. … Read more
The electric car maker giant Tesla is recalling 475,000 cars they sold in US following issues with rear view camera and front hood. The US electric vehicle manufacturer is recalling 356,309 2017-2020 Model 3 vehicles to address rearview camera issues and 119,009 Model S vehicles due to front hood problems, the US National Highway Traffic … Read more
Tesla Chief Executive Officer Elon Musk has been named Person of the Year for 2021 by Time magazine. The announcement comes following a remarkable growth of Tesla in 2021, where it became the most vulnerable car company in the world. Also Musk became the wealthiest person in the world this year with a net worth … Read more
Electric car company Tesla Motors becomes the first car maker in the world to be valued a market capitalisation of $1 trillion. With the latest deal worth $4.2 billion from car rental company Hertz, Tesla’s market capitalization crossed $1 trillion mark this week. Tesla is the fifth US Company to join the trillion dollar club. … Read more
Tesla Chief Executive Elon Musk said they will probably launch a “Tesla Bot” humanoid robot prototype next year, designed for dangerous, repetitive, or boring work that people don’t like to do. The robot would be around five foot eight inches tall and be able to handle jobs from attaching bolts to cars with wrench, or … Read more