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Tag Archives: Tesla

Tech jobs blood-bath

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211,033 tech company employees have been laid off across more than 194 tech companies worldwide since the start of the year, with US firms Dell, Intel, and Tesla leading the cuts, says a report from BestBrokers. US-based companies have made 120,283 job cuts – more than half the global total. In China 12,900 employees have been laid off, in Germany ...

Q2 EV sales up 30% q-o-q

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Q2 sales of  EVs – including battery, hybrid and fuel cell vehicles – were up nearly 30% q-o-q and 24.2% y-o-y at 3.769 million units, says TrendForce. Battery EV (BEV) salesreached 2.328 million units in 2Q24, an 8% YoY growth. Tesla, the market leader, saw a 4.7% decline in sales y-o-y. BYD (excluding Denza) ranked second, with BEV sales growing ...

Tesla under criminal investigation for self-driving claims

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Tesla has been under criminal investigation by the US Department of Justice over its self-driving technology claims since last year, reports Reuters. The DoJ investigation is in addition to Federal and Californian investigations into self-driving claims by Tesla. In August 2021, the U.S. National Highway Traffic Safety Administration opened an investigation crashes involving Tesla’s Autopilot.  In July this year, the ...

Tesla share slips

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Q2 sales of NEVs (including battery electric vehicles, plug-in hybrid electric vehicles, and fuel cell vehicles) reached 2.192 million units, 53.5% y-o-y, according to TrendForce. Sales of battery electric vehicles (BEV) reached 1.608 million units, 64.9% YoY, and sales of plug-in hybrid electric vehicles (PHEV) were 580,000 units, 29% YoY. In BEV brand rankings, although TESLA still tops the list, ...

New Panasonic battery extends Tesla S range to 750km

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Next year Panasonic plans to start mass production of a battery which will give a Tesla Model S a range of  750km – up from 650km at the moment. The new battery will have five times the capacity of the previous battery and will be twice as big and, costed on a capacity basis, be 10-20% cheaper. Mercedes’ EQS currently has ...

Viewpoint: Tesla v Rivian, Automotive trade secrets in the spotlight

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In a high-profile US court action, Tesla is suing its Silicon Valley rival, Rivian, for the alleged theft of “highly-proprietary trade secrets”, writes Diego Black a partner and patent attorney in Withers & Rogers. According to court papers submitted by Tesla since the case was filed last year, it is alleged that over 70 employees have been poached by Rivian; ...

Tesla shrugs off chip shortage to ship record car numbers

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While the car industry expects to lose 7.7 million vehicle sales at a cost of $210 billion, Tesla shrugged off chip shortages to deliver a record number of cars in Q3. Tesla has handled chip supplies better than the rest of the car industry. Sales have increased every quarter for six successive quarters. Q3 sales were up 20% on Q2 ...

Chips are changing the car market, says Yole

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In 2035, C.A.S.E. (Connectivity, ADAS, Sharing, Electrification) will be a $318 billion market, says Yole Developpement. The semiconductor value in a car will reach $78.5 billion in 2026, with a 14.75% CAGR 2020-2026.  A car has today, on average, $450 worth of semiconductors. In 2026, it will be $700. Future V2X communication platforms for 5G implementation are being designed today, and ...