Tesla-Samsung 16.5 billion dollar delivery transaction can stimulate the US Treaty of Chipmaker

Tesla-Samsung 16.5 billion dollar delivery transaction can stimulate the US Treaty of Chipmaker

By Heekyong Yang and Hyunjoo Jin (Reuters) -Tesla has signed a $ 16.5 billion deal for Samsung Electronics chip sources, a move that can strengthen the unprofitable contract for the South Korean giant contract, but is unlikely to help Tesla sell more EV. Tesla CEO Elon Musk said late Sunday that the new Samsung chip … Read more

Tesla says it has started to build initial versions of an affordable car, posts a steep sales drop

Tesla says it has started to build initial versions of an affordable car, posts a steep sales drop

Washington (Reuters) -Tesla said it has built up initial versions of an affordable car on Wednesday, which is probably designed to stop the steep decline in sales that the company has experienced in the markets around the world. The Elon Musk electric vehicle manufacturer reported the greatest decline in sales for more than a decade … Read more

Elon Musk promises its own RTO as Tesla sales continue to weaken

Elon Musk promises its own RTO as Tesla sales continue to weaken

The last bet of Tesla CEO (Tsla) Elon Musk for his own RTO (return to the office) comes when more negative data appear. According to the European Association of Car Producers (ACEA), the registration of Tesla EV (proxy for sales) in Europe fell in a huge 49% in April compared to a year ago to … Read more