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Tesla shares fell for a seventh straight day, reaching their lowest since January 2023, as further price cuts over the weekend added to mounting concerns heading into the company's first-quarter earnings report Tuesday.
French car maker Renault said on Tuesday its first-quarter revenue grew 1.8%, with good performance in its financing business offsetting a drop in turnover in core automotive sales.
Tesla has cut prices by nearly $2,000 across its models in China, after price cuts in the United States, as it grapples with falling sales and an intensifying price war for electric vehicles (EVs), especially against cheaper Chinese EVs.
SHANGHAI -- Tesla and Chinese electric vehicle startup Li Auto have announced the latest discounts for EVs in China as growing competition tests automakers' endurance.
Tesla cut the U.S. prices of its Model Y, Model X and Model S vehicles by $2,000 each on Friday, days after the first-quarter deliveries of the world's most valuable automaker missed market expectations.
CHATTANOOGA, Tennessee (Reuters) -- Workers at Volkswagen's Tennessee plant have voted to join the United Auto Workers, in a seismic victory for the union as it drives beyond its Detroit base into the U.S. South and West.
Elon Musk postponed a planned trip to India where he was to meet Prime Minister Narendra Modi, citing obligations at his Tesla automaker and saying he aimed to reschedule the visit for later this year. m
Reuters reported the postponement on Saturday, citing four people familiar with the matter. The trip was to have included the announcement of plans for the electric vehicle (EV) maker to enter the South Asian market.