DETROIT : Elon Musk will confront a critical challenge during Tesla's Investor Day on March 1: Convincing investors that even though rivals are catching up, the electric-vehicle pioneer can make another leap forward to widen its lead.Tesla Inc was the No. 1 EV maker worldwide in 2022, but China's BYD and
DETROIT : Elon Musk will confront a critical challenge during Tesla's Investor Day on March 1: Convincing investors that even though rivals are catching up, the electric-vehicle pioneer can make another leap forward to widen its lead.
While Tesla narrowed VW's lead in Europe, the U.S. automaker surrendered ground in Asia-Pacific as well as its home market as the competition heats up. Over the next two years, rivals including General Motors Co, Ford Motor Co, Mercedes-Benz, Hyundai Motor and VW will unleash scores of new electric vehicles, from a Chevrolet priced below $30,000 to luxury sedans and SUVs that top $100,000.
China's EV makers could get another boost if Chinese battery maker CATL follows through on plans to heavily discount batteries used in their vehicles.Musk has said he will use the March 1 event to outline his"Master Plan Part 3" for Tesla. Tesla's then-novel vertically integrated battery and vehicle production machine helped achieve higher profit margins than most established automakers - even as bigger rivals lost money on their EVs.
Tesla has established a wide lead over its rivals in manufacturing technology - an area where it was struggling when Musk put forward the last installment of his"Master Plan."
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dutch watchdog decides against fine after Tesla alters security camerasAMSTERDAM : The Dutch personal data watchdog said on Wednesday it would not fine Tesla Inc. over possible privacy violations after the U.S. carmaker made changes to vehicle security cameras. Tesla uses such cameras in its cars to help owners protect them against theft or vandalism, but the Dutch Data Prot
Read more »
Businesses can focus on productivity, tap schemes to stay competitive, say MPsSINGAPORE - Singapore businesses will have to find ways to rise above the challenges of manpower constraints and increasing costs to thrive in today’s more uncertain economic environment. Read more at straitstimes.com.
Read more »
PSV need to produce top form to stay in Europa League, says Van NistelrooyEINDHOVEN, Netherlands: PSV Eindhoven would have to produce their best form of the year if they are to turn around a three-goal deficit against Sevilla in the Europa League on Thursday (Feb 22), coach Ruud van Nistelrooy warned on the eve of their second leg match. PSV were beaten 3-0 in Spain in the first
Read more »
Bottas says his mullet is a highlight and here to stayAlfa Romeo's Valtteri Bottas turned up for Formula One testing on Thursday with a new 'mullet and moustache' helmet celebrating the look acquired in Australia during his winter break.The helmet design was temporary, said the Finn, but the look was likely to be longer lasting.'I'm so proud of my new
Read more »
Commentary: Middle managers have it tough but the world needs them, especially with these steps to become less replaceable“There seem to be 10 people ‘managing’ for every one-person coding” was Elon Musk’s response when asked in October last year what was the “most messed up” thing at Twitter, which the Tesla boss had recently acquired.
Read more »
Mercedes-Benz cars to have 'supercomputers', unveils Google partnershipBERLIN - Mercedes-Benz said on Wednesday (Feb 22) that it has teamed up with Google on navigation and will offer 'super computer-like performance' in every car with automated driving sensors as it seeks to compete with Tesla and Chinese newcomers. Automakers new and old are racing to match software-powered features pioneered by Tesla, which allow for vehicle performance, battery range...
Read more »