Tesla’s commanding lead in the electric vehicle market is shrinking, according to sales figures released this week by Warren Buffett-backed Chinese automaker BYD. BYD revealed that it sold a whopping 641,350 “new energy vehicles” – or full-battery electric vehicles and plug-in hybrids – in the first six months of 2022, according to a company filing. …
Tesla no longer the world’s top seller of electric cars Read More »
Chinese automaker BYD, which is backed by Warren Buffett, has surpassed Tesla as the world’s leading electric vehicle seller. Driving the news: BYD sold 638,157 electric or plug-in hybrid passenger vehicles in the first six months of 2022, according to company filings published on July 3. The figure represents a nearly 325% year-on-year increase from …
Elon Musk’s Tesla is no longer the world’s largest EV producer Read More »
Electric vehicle makers have been struggling over the last two years to produce and deliver cars, trucks and SUVs despite obstacles such as supply chain disruptions, semiconductor shortages and factory shutdowns caused by the covid pandemic. The industry’s leading EV manufacturer Tesla (TSLA) – Get Tesla Inc. report on July 2 said that plant closures …
Tesla Rivals Challenge Its Lead as Nio Sets Encouraging Record Read More »
Elon Musk’s company is facing at least 10 arguments alleging discrimination at the workplace. photo: Susan Walsh (AP) A group of Blacks Tesla employees have filed suit against the company, claiming that they were subjected to racial discrimination at its factories in California. Tesla business facing at least 10 suits alleging sexual or racial harassment, …
Black Tesla Workers Allege Racist Abuse on Factory Floors Read More »
Tesla workers are being warned by automated emails if they don’t swipe into the office frequently enough, after CEO Elon Musk threatened to fire anyone who failed to return to the office full time. The latest shot in Musk’s war against working from home was leaked this week, when a Tesla employee a screenshot of …
Tesla is now tracking how frequently staffers swipe into the office Read More »
photo: Spencer Platt (Getty Images) There’s another exciting new metric for how expensive cars are getting, Tesla’s global factory logjams are catching up with it and Renault and Nissan need to leave each other already. All that and more in this Friday edition of The Morning Shift for July 1, 2022. 1st Gear: Sign of …
$1,000 Monthly New Car Payments Becoming Increasingly Normal Read More »
SAN FRANCISCO – Fifteen Black former or current employees at Tesla filed a lawsuit against the electric car maker on Thursday, alleging they were subjected to racial abuse and harassment at its factories. The workers said they were subjected to offensive racist comments and behavior by colleagues, managers, and human resources employees on a regular …
Tesla hit by new lawsuit alleging racial abuse against Black workers Read More »
The results of this year’s JD Power Initial Vehicle Quality give a bleak account of the industry.photo: JD Power The results of the 2022 JD Power Initial Quality Study are in, and they reflect a decline in quality across the entire auto industry. Results show that perception quality has dropped significantly, which means owners are …
JD Power Initial Vehicle Quality Is Down, Except for Buick Read More »
Recent reports of layoffs at Tesla are an ominous sign for white-collar workers nationwide, “Big Short” investor Michael Burry predicted on Wednesday. Burry argued that blue-collar workers will stay in hot demand in a labor market that has remained tight so far despite a looming recession – while office workers could face job and salary …
Tesla layoffs ominous sign for white-collar workers Read More »
photo: Ford Ford’s electrified pickup gets its first recall, Volkswagen thinks the chip shortage is ending, and Kia and Hyundai have been raided by German emissions inspectors. All that and more in The Morning Shift for June 28, 2022. 1st Gear: The F-150 Lightning Gets A TPMS Recall Ford is recalling 2,886 Lightnings across the …