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Top related persons:
outpacing Tesla - 2 Elon Musk - 2 Tesla - 2 carmakers - 1 — - 1 there's - 1 Optimus - 1 Walter Isaacson - 1
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China Mars Hong Kong Shanghai Tesla China
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Service - 2 Business - 2 National Bureau of Statistics - 1 SpaceX - 1 Optimus - 1 German - 1 BMW - 1 Robotics - 1

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4 mentions found


☆ China's big factories had a terrible March, even as automakers roar to new highs
  + stars: | 2024-04-29 | by ( Meghan Morris | ) www.businessinsider.com   time to read: +1 min
Chinese manufacturers' profits fell last month, while carmakers reported a significant gain in the first quarter. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBig Chinese manufacturers' profits fell last month, but carmakers posted a significant gain in the first quarter — one of the sectors worrying US officials. The National Bureau of Statistics reported on Saturday that large-scale manufacturers' profits dipped 3.5% in March, compared with a year earlier.
Persons: carmakers, outpacing Tesla, — Organizations: Service, National Bureau of Statistics, Business Locations: China
☆ Elon Musk's optimism about Optimus might be misplaced
  + stars: | 2024-01-25 | by ( Jyoti Mann | ) www.businessinsider.com   time to read: +2 min
Elon Musk has been bigging up Tesla as a robotics powerhouse, highlighting its humanoid bot, Optimus, as a gleaming example of its sophisticated technology. It's possible, however, that Musk is being a tad over-optimistic in his humanoid robot ambitions, particularly regarding its delivery timeline. In true Musk fashion, he made some grand claims about Optimus in the investors' call. It's the most sophisticated humanoid robot that's been developed anywhere in the world." He said, "It should be impossible for any centralized control to upload malware to a humanoid robot."
Persons: Elon Musk, Tesla, there's, Optimus, Walter Isaacson, Musk, Tesla's, Brett Adcock Organizations: Service, Business, SpaceX, Optimus, German, BMW, Robotics, Amazon, Tesla Locations: Mars
☆ Tesla’s China deliveries account for more than half of global sales
  + stars: | 2023-07-05 | by ( Laura He | ) edition.cnn.com   time to read: +2 min
Hong Kong CNN —Tesla’s deliveries from its Shanghai factory more than doubled in the second quarter, accounting for over half of its record global sales, according to a Chinese trade group. In June, Tesla China reported wholesale deliveries of 93,680 vehicles, up 19% from the same period a year ago, preliminary data from the CPCA showed. The robust shipments from the Shanghai factory boosted Tesla’s global sales, sending its shares soaring. On Sunday, the company announced it delivered over 466,000 vehicles worldwide in the second quarter, the highest quarterly number on record. In terms of battery powered EVs, BYD sold 352,163 vehicles in the second quarter, outpacing Tesla China’s figure of just under 250,000.
Persons: Hong Kong CNN —, Tesla, Elon Musk, It’s, Warren Buffett, BYD, outpacing Tesla Organizations: Hong Kong CNN, CNN, China Passenger Car Association, Shanghai Gigafactory Locations: Hong Kong, Shanghai, Tesla China, China
☆ Warren Buffett-backed BYD soars past Tesla in China sales as the company bucks wider EV stock sell-off
  + stars: | 2023-01-06 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +2 min
Warren Buffett-backed BYD has avoided a painful stock sell-off in recent months compared to its competitors. BYD stock is down just 2% over the past three-months, compared to a 54% decline for Tesla. Despite a steep sell-off in electric vehicle stocks among US- and China-based companies, BYD has held its own. BYD said it sold nearly 1.9 million vehicles in 2022, outpacing Tesla's 2022 sales figure of about 1.3 million. BYD sells both plug-in hybrid vehicles and fully electric vehicles, typically at a lower price point than Tesla's lowest priced Model 3.
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