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Tesla has cut prices after it announced a slowdown in deliveries. The company said the decline was caused by factory upgrades. Tesla Inc (NASDAQ: TSLA) has reduced US prices of its Model Y and Model 3 cars following third-quarter delivery figures that did not meet expectations. According to the company’s website, the starting
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Li Auto, Xpeng, and other Chinese EV companies hit good numbers for deliveries, scaling YoY and Month over Month numbers. Chinese electric vehicle makers Li Auto (NASDAQ: LI), Nio (NYSE: NIO, and Xpeng Inc (HK: 9868) announced that their vehicle deliveries for the month of August were in line with guidance set for the
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China’s Xpeng shares were trading lower in US pre-trade after the EV company forecast significantly lower vehicle deliveries for Q2. The shares of Chinese electric vehicle (EV) giant XPeng Motors (NYSE: XPEV) slid 5% following missed Q1 earnings and a gloomy delivery forecast. Xpeng shares sank in US pre-market trade after the company reported a 50%
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According to the company, it has plans to produce a total of 1.8 million vehicles with the total delivery expectations pegged around that figure. American multinational electric vehicle manufacturing company Tesla Inc (NASDAQ: TSLA) recorded a bearish close of its stock on Monday following the publication of its first quarter delivery
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Li Auto claims to have grabbed 20% of the total market for SUVs in the price range of 300,000 yuan ($43,674) to 500,000 yuan. Chinese electric carmaker Li Auto registered a massive surge in sales for the last month of March and thus for the entire Q1 2023. During the month
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The 422,875 deliveries Tesla made for Q1 2023 surpassed the company’s previous record of 405,278 in Q4 2022. Tesla (NASDAQ: TSLA) has posted its Q1 2023 report on vehicle production and deliveries, setting a new company record. The EV manufacturing giant said it produced 440,808 vehicles and delivered 422,875 cars for
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Grubhub, an American online food delivery platform, has come up with an exciting new way to engage its users. The company has partnered with Bitcoin rewards company Lolli to allow its users to earn Bitcoin (BTC) on every order. Integrating crypto into a simple routine activity – like ordering food online,
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Nio, Li Auto and Xpeng have all announced an increase in their delivery rate for 2020.Leading Chinese electric car company Nio Inc (NYSE: NIO) has made one of the strongest starts to the year in its history as the company has recorded over 7,200 deliveries in the first month of
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TSLA stock rallied 4% on the first day of 2021 as Tesla managed to hit a milestone of 500,000 Tesla cars produced in 2020. At above $700 billion market cap, Tesla is now the sixth-most valuable company in the world.On Monday, January 4, the first trading day of 2021, the
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Nio reported that it had completed deliveries of 3,965 vehicles in August, marking an impressive year-over-year rise of 104.1%. However, the stock hasn’t reacted positively to this announcement.The Chinese based electric auto vehicle producer Nio Inc (NYSE: NIO) has reported record vehicle deliveries for the month of August. Meanwhile, today
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