Tag: Austin (Tex)

Tesla Sales Slip as It Readies Factories for New Models

Media Library

Sales of Tesla electric cars slipped from July through September after the company paused production at some factories to upgrade assembly lines. The company delivered 435,000 vehicles worldwide in the third quarter, down from 466,000 in the second quarter. Wall Street analysts had expected the decline, which they attributed to production slowdowns as Tesla refitted factories in the United States and China. Still, the dip in sales may renew concerns that demand for Tesla cars is slackening even after the company cut prices. In China, Tesla is trying to fend…

Tesla Offers a New ‘Master Plan’ but Few Big Revelations

Chin@Strategy

Tesla said on Wednesday that it would build a factory in Mexico to manufacture an electric vehicle that would be significantly more affordable than any of the cars it sold now. But the company disappointed investors who were expecting it to make big announcements about new products and strategies. Shareholders and analysts had expected Tesla to reveal information that would clarify how the company would retain its crown as the world’s dominant maker of electric vehicles in the face of energetic competition from established carmakers and relatively younger Chinese manufacturers.…