Tesla is currently surrounded by major layoffs, vehicle price cuts and urgent calls by investors for clarity on product strategy.
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In Europe, low development of passenger car demand combined with weakened subsidies reduces electric car spread.
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A fresh, recently established Mercedes plant in Alabama is scheduled to be the next one to hold a UAW election.
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Tesla has been adopting the price reduction strategy in order to woo customers amid slowing EV demand and its ageing model lineup.
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The layoffs follow the cancellation of Tesla’s long-promised inexpensive car, expected to cost USD 25,000, that investors have been counting on.
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At Tesla’s German plant, 3,000 of the carmaker’s roughly 12,000 staff have been reportedly fired.
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Tensions have been rising between China and the West over increasing exports and competition to local players.
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Piedmont still needs to obtain local regulatory approval in North Carolina and financing amid low lithium prices.
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INDUSTRY NEWSLatest News
US issues auto dealers over USD 580 million in advance EV tax rebates this year
In December last year, the Treasury issued guidelines aimed at weaning the U.S. EV supply chain away from China.
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VinFast last year sold 35,000 EVs, quite below its 50,000 target, representing just a tiny fraction of its 300,000 vehicle production capacity.