Tesla, Inc. is a leading electric vehicle manufacturer that designs, produces, and sells a range of electric cars and energy products. The company is known for its innovative approach to sustainable transportation, producing models that are not only environmentally friendly but also equipped with cutting-edge technology and high-performance features. In addition to its automotive division, Tesla also focuses on renewable energy solutions, including solar energy products and energy storage systems, aimed at accelerating the world’s transition to sustainable energy. Through its global presence and dedicated infrastructure, such as an extensive network of charging stations, Tesla seeks to revolutionize the automotive industry and promote a greener future. Read More
Xiaomi Corp. (Pink: XIACY) shares are trading higher Thursday after the company officially launched its new electric SUV, the YU7, undercutting Tesla Inc (NASDAQ:TSLA) on price and reporting a flood of pre-orders within minutes.
The new price target represents a 45% upside to the stock’s closing price on Wednesday and follows the EV maker’s successful pilot launch of its robotaxis in Austin over the weekend.
Curious about the most active S&P500 stocks in today's session? Join us as we explore the US markets on Thursday and uncover the stocks that are leading the way in terms of trading volume and market attention.
Afshar was promoted last year to oversee sales and manufacturing operations in North America and Europe. He previously worked in the office of the CEO.
Xiaomi’s YU7 SUV will start at RMB 253,500 yuan ($35,322), CEO Lei Jun said Thursday. This is RMB 10,000 lower than the Model Y, which starts at RMB 263,500 in the country.
General Motors could soon achieve a feat that has eluded American automakers for well over a decade: surpassing Tesla’s electric vehicle sales . Tesla pioneered mass battery electric vehicle (BEV) production and has remained the top BEV producer on the globe for over a decade, beating established automakers that had been around for decades. However, a confluence of factors that have significantly damaged Tesla’s branding and impacted its sales may allow carmakers like Ford to catch up to and even surpass the Texas-based electric vehicle firm.
