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Tesla lowered prices across the United States, Europe, the Middle East and Africa, following a series of cuts last week in Asia, in what analysts saw as a clear shot at both smaller rivals that have been bleeding cash and legacy automakers aggressively ramping up electric vehicle production...The U.S. price cuts on Tesla's global top-sellers the Model 3 sedan and Model Y crossover SUV were between 6% and 20%, Reuters calculations showed, with the basic Model Y now costing $52,990, down from $65,990.Tesla also cut prices for its Model X luxury crossover SUV and Model S sedan in the United...

VIDEO AT LINK...................... As Tesla's Gigafactory Texas manufacturing plant is getting closer to its grand opening— expected to take place before the end of this quarter—a video taken by a drone during a 360-degree flyover of the site serves as a reminder of how massive the electric vehicle plant is. Shot by Joe Tegtmeyer, a drone operator who has been following the progress on Giga Texas since the beginning of construction work, this flyover video helps viewers appreciate the true scale of the factory. You realize this is a giant building when the cars and even the semi trailers around...

Tesla’s Model Y compact crossover SUV is seeing sales surge in its home state of California, reports CNBC’s Squawk Box.Based on data from the California New Car Dealers Association, the Model Y dominated in 2021 car sales, surging to the number two spot, beating the Honda Civic and just trailing slightly behind leader the Toyota Camry.Sales figures show the Camry at 61,599 car sales in 2021, with the Model Y at 60,394, and the Civic in third at 59,818 sales, while Toyota’s RAV4 at 59,153. Tesla’s Model 3 sedan is in the fifth spot at 53,572.The Camry, Civic and RAV4...

DETROIT — Ford Motor is significantly cutting its North American vehicle production in July due to an ongoing shortage of semiconductor chips impacting the global automotive industry. The automaker said Wednesday it will idle or reduce production at eight plants, including six in the U.S., for varying periods of time next month and into early August due to the problem. Affected products range from the Ford F-150 and Ford Bronco Sport to the Ford Mustang and Ford Explorer.

A report from Korea Times says Apple is close to finalizing deals with LG and Magna International to build the long-rumored Apple Car...The new rumors say Apple is close to signing a deal in which it would partner with Canadian manufacturer Magna International to build an EV powered by LG-supplied batteries and running on Apple software.So far none of the companies involved have commented on the reported negotiations, so there's no guarantee that this deal will be finalized or that it will result in a physical car...If the reports circulating now are correct (none of the three companies responded immediately...

Shares of Contemporary Amperex Technology were up as much as 9% in Shenzhen overnight on news that it could be the company involved in supplying batteries for Apple's electric vehicle project.The jump in shares marks the best day for the company's stock in four months, Bloomberg reported Monday morning.The report, which appears to be unconfirmed for the time being, was published in Xuangubao.cn, a Chinese online stock news platform. That platform did not report a source for the information.A battery is "still being tested" for the project, according to Bloomberg, and the company did not respond for comment when asked...