Displaying items by tag: Elon Musk

Tesla cut prices several times last year to stay competitive in the market, and that tactic paid off.

In 2023, Tesla recorded a 40% increase in sales, i.e. it had a total of 1.8 million units sold, and the total revenue is 19% higher compared to the previous year, CEO Elon Musk said.

He stated that revenues slowed down towards the end of the year, but also that significantly weaker growth is expected in 2024.

As Musk stated, Chinese brands represent a serious challenge. He warned that if market restrictions are not introduced, "Chinese competition can destroy most car companies", as reported by CNN.

In support of Musk's call for market restrictions is the fact that BYD overtook Tesla in terms of sales in the fourth quarter, so it is no wonder that the billionaire reacts this way.

Additionally, it's not just Tesla that is lowering prices to stay competitive, Chinese manufacturers are also doing it, so it's up to European brands to see how they can stay relevant in the battle for customers.

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Tesla is opening its doors to visitors living near their new factory in Germany. This factory, which will produce models of the American company for the European market, was often on the front pages of the media, especially due to problems related to environmental protection.

The construction of the gigafactory worth 5.8 billion euros has been under the watchful eye of the German public since the very beginning of construction, and now Tesla CEO Elon Musk has invited everyone interested to visit the factory, which is expected to start working next month.

The construction of the factory is delayed, primarily due to the appeal of the German public that it will have a bad impact on the environment. Elon Musk visited Germany in August, where he talked with the leaders of the state about these problems, and confirmation from the province of Brandenburg that this Tesla plant is in compliance with environmental regulations is still pending. However, Elon Musk on Twitter invited all interested citizens of Brandenburg and Berlin to visit the factory on October 9 and see for themselves its quality.

Visitors will be able to enter the factory, but also to try out the Tesla Model Y, and food trucks have been announced that will complete this "fair". A big visit is expected, so Tesla recommended everyone to use public transport to get to the factory. All visitors must meet at least one of the 3 conditions (vaccinated, tested, or laid down Covid-19).

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