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Continue reading Right-hand-drive Tesla Model S, Model X no longer available
Right-hand-drive Tesla Model S, Model X no longer available originally appeared on Autoblog on Sun, 14 May 2023 09:00:00 EDT. Please see our terms for use of feeds.
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Continue reading You could win a Tesla Cybertruck - if you have referral points
You could win a Tesla Cybertruck - if you have referral points originally appeared on Autoblog on Sat, 13 May 2023 11:00:00 EDT. Please see our terms for use of feeds.
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Tesla Autopilot name should change because humans are still in control, Buttigieg says originally appeared on Autoblog on Sat, 13 May 2023 10:00:00 EDT. Please see our terms for use of feeds.
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Continue reading Tesla, Rivian, Lucid snatch $910 million from traditional dealers in California
Tesla, Rivian, Lucid snatch $910 million from traditional dealers in California originally appeared on Autoblog on Fri, 12 May 2023 16:40:00 EDT. Please see our terms for use of feeds.
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Continue reading Tesla owners sue, say software updates cut range by 20%, break batteries
Tesla owners sue, say software updates cut range by 20%, break batteries originally appeared on Autoblog on Fri, 12 May 2023 14:13:00 EDT. Please see our terms for use of feeds.
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Continue reading NBCUniversal's Linda Yaccarino to replace Elon Musk as Twitter CEO
NBCUniversal's Linda Yaccarino to replace Elon Musk as Twitter CEO originally appeared on Autoblog on Fri, 12 May 2023 10:00:00 EDT. Please see our terms for use of feeds.
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Continue reading Tesla recalls 1.1 million cars in China over braking defect
Tesla recalls 1.1 million cars in China over braking defect originally appeared on Autoblog on Fri, 12 May 2023 09:15:00 EDT. Please see our terms for use of feeds.
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Continue reading Tesla raises U.S. prices for all its vehicles except Model 3
Tesla raises U.S. prices for all its vehicles except Model 3 originally appeared on Autoblog on Fri, 12 May 2023 08:15:00 EDT. Please see our terms for use of feeds.
Permalink | Email this | CommentsShanghai will further deepen its cooperation with Tesla to promote the EV maker's businesses including self-driving and robotics in the city, a local official said.
(Image credit: CnEVPost)
Tesla's FSD (Full Self-Driving) may be getting closer to being available in China.
Shanghai will further deepen its cooperation with Tesla to promote the electric vehicle (EV) maker's businesses including self-driving and robotics in the city, a local official said.
The city will work with Tesla to build a technology industry cluster with core technology advantages for the global market, Chen Kele, deputy director of intelligent manufacturing promotion division at Shanghai Municipal Commission of Economy and Informatization, said today.
Tesla's factory in Shanghai received a tour by local media today, and Chen mentioned this during a media briefing, according to The Paper.
Chen did not directly mention Tesla's FSD, but it was the first hint of support from a Chinese official for Tesla's FSD software.
Tesla, despite being a pioneer among EV companies in exploring autonomous driving, has been seen as slow to move in the area in China.
The EV maker is about to begin wide-scale testing of FSD in China, local media outlet Caixin said in an April 3 report.
All Tesla vehicles currently come with the free Basic Autopilot (BAP) software. In addition, Tesla also offers Enhanced Autopilot (EAP), FSD software as options.
EAP and FSD cost $6,000 and $15,000 respectively in the US and RMB 32,000 ($4,600) and RMB 64,000 respectively in China.
Tesla has made a positive contribution to the construction of a world-class automotive industry center in Shanghai, supporting the city's steady industrial economic growth, Chen said at today's event.
Tesla produced 727,000 vehicles in 2022, up 49.7 percent year-on-year, with an industrial output value of RMB 183.9 billion, Chen said, adding that this represents 23 percent of Shanghai's auto manufacturing output, driving industrial output growth by 1.3 percentage points.
($1 = RMB 6.9498)
Tesla reportedly to begin large-scale testing of FSD in China
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Baillie Gifford trimmed its holdings in NIO and Tesla by 0.77 percent and 2.83 percent, respectively, in the first quarter, but the value of its holdings in them rose.
Baillie Gifford held 120,132,616 shares of NIO's US-traded ADRs at the end of the first quarter, according to a 13F filing posted on the SEC's website on May 3.
That's down 926,459 shares, or 0.77 percent, from 121,059,075 at the end of the fourth quarter, CnEVPost's calculations show.
During the fourth quarter of last year, Baillie Gifford's position in NIO increased by 24,277,897 shares or 25.09 percent.
Baillie Gifford's holdings in NIO were worth $1.26 billion at the end of the first quarter, up 6.97 percent from $1.18 billion at the end of the fourth quarter.
NIO rose 7.79 percent in the first quarter after it fell 38 percent in the fourth quarter of last year.
In addition to reducing its position in NIO slightly, Baillie Gifford also reduced its holdings in Tesla slightly in the first quarter.
At the end of the first quarter, the fund held 26,054,483 shares of Tesla, down 759,855 shares, or 2.83 percent, from 26,814,338 shares in the fourth quarter of last year.
However, Baillie Gifford's holdings in Tesla were worth $5.4 billion at the end of the first quarter, up 63.65 percent from $3.3 billion in the fourth quarter of last year, due to a big jump in Tesla's stock price in the first quarter.
Tesla rose 68.42 percent in the first quarter after it fell 59 percent in the fourth quarter of last year.
Baillie Gifford previously held Li Auto (NASDAQ: LI), but liquidated its position in the extended-range electric vehicle (EREV) maker in the fourth quarter of last year.
As of March 31, Baillie Gifford did not own Li Auto, XPeng (NYSE: XPEV) or BYD (OTCMKTS: BYDDY) shares.
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