Tag : Tesla
China’s Tencent Holdings Ltd has purchased a 5 percent stake in Tesla for $1.78 billion, marking the latest investment by a Chinese internet company in the potentially lucrative market of self-driving vehicles and related services.
Lu Qun, chair of China’s Qiantu Motor, is hoping that the rise of electric cars will propel his company and his country into the automotive spotlight.
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According to a report by The Wall Street Journal, many high-end automakers are getting involved in the Christmas toy market this year, including Tesla. The report indicates that battery-powered sports cars for kids are expected to top Christmas lists this holiday season.
Musk appears to be saying that offering discounts on new vehicles could lead to a chain reaction and a drastic shift in how Tesla’s stores operate.
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Musk said the update will be available within the next two weeks, and will rely foremost on radar to give Tesla’s cars a better sense of what is around them and when to brake.
Tesla has experienced another setback in its sales strategy as a Missouri judge ruled the automaker cannot bypass dealerships and sell vehicles directly to consumers in the state.
Assemblywomen Autumn Burke has cited opposition from automakers and the oil industry.