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Global sales of electric vehicles grew by 49% year-on-year in the first six months of 2023, the technology analyst firm Canalys says, adding that 6.2...

Asia equities were off on light volumes as Hong Kong underperformed as Mainland China and South Korea were closed for holidays.

Tesla missed market estimates for third-quarter deliveries on Monday as planned upgrades at its factories to roll out a newer version of the Model 3 mass-market sedan forced production halts.

Analysts are weighing in on the results and looking past the third-quarter numbers that were wide of expectations.

Tesla’s deliveries for the third quarter were through the floor, it was revealed on Monday.

Tesla Misses Deliveries: Tesla missed market estimates for third-quarter deliveries on Monday as the automaker was forced to curb production due to planned factory shutdowns, sending its shares down 3.7% in trading before the bell.

Tesla missed market estimates for third-quarter deliveries on Monday as the automaker was forced to curb production due to planned factory shutdowns, sending its shares down 3.7% in trading before the bell.

Chinese carmaker Chery will launch SUV models from three car brands in Europe over the next two years and could decide on an assembly plant in Europe as soon as 2024, its top regional executive said on Monday.

Tesla reported lower-than-expected deliveries for the third quarter due to factory upgrades for the new Model 3. However, analysts believe the upgrades could lead to a rebound in the fourth quarter, allowing Tesla to compete better with rivals like Ford and BYD. The company plans to launch the updated Model 3 and a Cybertruck later this year.

Europe is braced for a Chinese sales onslaught but the impact will be blunted by their establishment of factories in Europe and local joint ventures.