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Tesla slashes Model Y SUV price as pandemic weighs on auto sector

Cut comes four months after deliveries started ... as lockdowns were setting in

The reduction follows price cuts in May on Tesla's Model 3, Model X and Model S. The company headed by Elon Musk this month posted a smaller-than-expected fall in car deliveries in the second quarter, resilient results despite the pandemic that hit the global auto industry. The Model Y now starts at $49,990, down nearly 6% from its previous price of $52,990, according to the carmaker's website.

Cars, a cocktail and a celebrity: South Koreans embrace Tesla culture

Tesla outsold Hyundai in June

From an eponymous cocktail to eager buyers following the shipping routes of long-awaited cars, Tesla Inc is having a moment in South Korea, particularly among tech-savvy professionals. "I am not interested in cars, but I am interested in the Tesla brand and its technology," the 39-year-old told Reuters. Kang bought a Tesla Model 3 in December, ditching the Hyundai crossover he bought only last summer.

Things rideshare drivers wish passengers understood

Don't ask if they like doing it, for one

Tesla appears poised to electrify S&P 500, which could further electrify Tesla stock

It would be among the most valuable companies ever added

Tesla Inc appears on the verge of joining the S&P 500, a major accomplishment for Chief Executive Officer Elon Musk that would unleash a flood of new demand for the electric car maker's shares, which have already surged 500% over the past year. With a market capitalization of about $250 billion, Tesla would be among the most valuable companies ever added to the S&P 500, larger than 95% of the index's existing components. While analysts and investors have recently become more confident of Tesla

Toyota Corolla Cross, Audi Q4 Sportback E-Tron and which beers are like which cars | Autoblog Podcast #635

Plus Lexus NX 200h, Subaru Forester and J.D. Power Initial Quality Study

Plus Lexus NX 200h, Subaru Forester and J.D. Power Initial Quality Study

Rivian lands another $2.5 billion in investments

Brings total investment in electric truck startup to $6 billion

Honda is latest automaker to join forces with CATL for electric car batteries

CATL supplies Toyota, Tesla, VW, and is considering a North American plant

This Ford Mustang Mach-E prototype goes fast and does donuts

Could it be a toy for Vaughn Gittin Jr. or Ken Block?

VW can face dieselgate claims in countries where cars were bought, EU court rules

Volkswagen could now face lawsuits all over Europe

EU consumers should be able to sue Volkswagen in their national courts if they have bought cars with emission cheat devices installed, the Court of Justice of the European Union ruled on Thursday. The verdict by the EU's top court raises the possibility that the German carmaker could face masses of legal complaints from consumers across the bloc. The case came to the EU court after an Austrian court handling a claim by the Austrian consumer association VKI on behalf of 574 owners of manipulate

Electric Scooter Championship shows 2020 can always get wilder

Kicks off next year on scooters that go faster than 62 mph

Porsche's American division recovers from COVID-19 as 911 sales soar by 30%

It's still having a hard time keeping up with demand for the Taycan

Elon Musk approaches $1.8 billion bonanza

It would be his second big Tesla stock option jackpot in two months

Fueled by stronger-than-expected car deliveries, shares of Tesla have surged over 40% in the past seven sessions, elevating the company's market capitalization to $259 billion. More important for Musk's personal finances, Tesla's six-month average market capitalization has reached a record $138 billion. Hitting a six-month average market capitalization of $150 billion would trigger the vesting of the second of 12 tranches of options granted to the billionaire to buy Tesla stock as part of his

Bikes, gear and journeys to make car lovers adopt two wheels

COVID era reveals car and bike enthusiasts aren't so different after all

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