Top Tesla News 2024: Updates So Far

by | Apr 4, 2024 | Trending

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Tesla, the masterpiece of visionary entrepreneur Elon Musk, has transformed the automobile industry with its ground-breaking electric vehicles. Beyond automobiles, Tesla is synonymous with innovation, pushing the boundaries of technology with advances in renewable energy and energy storage systems. In this article, let’s look at the top Tesla news for the year 2024.

 

Top Tesla News 2024: Updates So Far

Here are the top 5 Tesla news from around the world:

Top Tesla news 2024: updates so far

1. Tesla aims to develop new electric vehicles by mid-2025.

Tesla, which opens a new tab, has informed suppliers that it plans to manufacture a new mass-market electric vehicle dubbed “Redwood” in mid-2025. Musk has long piqued fans’ and investors’ interest in affordable electric vehicles and self-driving robotaxis, likely to be built on next-generation, cheaper electric car platforms.

These models, including an entry-level $25,000 automobile, would allow it to compete with cheaper gasoline-powered cars and an increasing number of affordable EVs, such as those built by China’s BYD.

2. Tesla’s poor quarter has put Wall Street on edge ahead of the delivery date.

Tesla’s stock fell 29% in the first three months of the year, its worst quarter since the end of 2022 and the third worst since the company went public in 2010. It was also the most significant loser in the S&P 500.

Wall Street is particularly concerned about Tesla’s main business. The business is set to disclose first-quarter vehicle production and deliveries in the coming days, and even bulls anticipate lackluster performance despite price reduction and buyer incentives offered during the period.

Analysts expected roughly 457,000 deliveries for the quarter as of the final trading day, according to FactSet’s average of 11 analyst projections. That would be an 8% rise from 422,875 a year ago. Estimates for the quarter ranged between 414,000 and 511,000 deliveries.

3. The Tesla Model Y was Germany’s best-selling electric SUV in February 2024.

According to Tesla news, the Tesla Model Y quietly dominates Europe’s SUV and battery electric vehicle (BEV) markets. With 5,408 units sold in February 2024, it became Germany’s best-selling SUV and BEV.

The Federal Motor Transport Authority (KBA) issued a news statement mentioning Model Y’s results in Germany. The KBA reported that 61,925 SUVs were sold in the country in February 2024. This means the Model Y accounted for 8.7% of Germany’s total SUV market last month. The Model Y’s performance in Germany’s overall SUV category was particularly outstanding, given that SUVs accounted for 28.5% of total auto sales.

4. Upgraded Tesla Model 3 gets excellent footing in Australia in February 2024.

The improved Tesla Model 3 is proving its mettle in Australia. The all-electric sedan’s performance in the Australian automotive market in February 2024 demonstrated this.

According to sales figures from the Federal Chamber of Automotive Industries (FCAI), the improved Tesla Model 3 jumped to third place on the country’s individual model sales list last month, with 3,593 sold. The Model 3’s brother, the Model Y crossover, sold 2,072 units. With these statistics, Tesla’s market share in Australia increased to 5.4%, up from 4% last year, according to Tesla news.

5. Elon Musk’s wealth drops by $40 billion in 2024 as Tesla shares fall 30% year-to-date on dismal sales.

Elon Musk has lost his status as the world’s richest person, as the Tesla CEO’s net worth has plummeted by about $40 billion this year, according to the Bloomberg Billionaire Index. Musk has lost the title to Amazon.com founder Jeff Bezos, now the world’s second richest person, with Bernard Arnault of Louis Vuitton being at the top with a net worth of $201 billion. Musk’s wealth has declined because of Tesla’s decreasing share price, down 29% this year and 50% from its 2021 top. Most of Musk’s income stems from his 21 per cent stake in Tesla.

6. Greatest water resistance test advertisement of Tesla Powerwall

In a brief 30-second video clip, the Powerwall 3 is depicted submerged in a fish tank, yet household appliances like a refrigerator, electric stovetop, espresso machine, and television continue to function seamlessly. This demonstration is accompanied by the Tesla app indicating a power outage in the area. The video has been shared across various platforms, including Elon Musk’s X, as part of Tesla’s broader advertising and educational campaigns in recent times.

Finally, Tesla News continues to make headlines with ground-breaking improvements in electric car technology, cementing its position as an industry leader and paving the path for a more sustainable future. Thanks to innovative products and ambitious aims, Tesla stays at the vanguard of the transportation and renewable energy revolutions.

Also Read: What To Expect From Tesla Electric Sports Car: Roadster

 

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