V Major News Today

The letter is the first indication that Musk intends to appeal the ruling, which the billionaire has criticized on social media, saying he will seek shareholder approval to move Teslas state of incorporation to Texas, where it has its headquarters.

Tesla Shares: The company reduced starting prices of the Model 3 sedan by 5.9% to 245,900 yuan ($34,300) and marked down the Model Y sport utility vehicle by 2.8% to 258,900 yuan, according to its website.

Tesla: The recall -- sparked by the discovery of problems with assisted driving functions and door-locking systems -- will be conducted through remote over-the-air (OTA) updates to the cars software.

Chinese Ev Maker: BYD Co., based in the southern China tech hub of Shenzhen, dethroned Texas-based Tesla Inc. as the top seller of electric cars in the last three months of 2023, according to sales figures released by the companies this week.

Byd: Sells nearly 42000 more vehicles than Tesla in fourth qtr.

Tesla: China’s best-selling car brand reported EV and hybrid sales of 340,178 in December — including 190,754 all-electric cars — aided by aggressive end-of-year discounting, according to an exchange filing on Monday. In total, BYD sold 3.01 million units in 2023.

As neither party agreed on the extension of the long stop date, which is the last day of 2023, Evergrande New Energy Vehicle said the share subscription and loan conversion subscription agreement by NWTN are no longer valid.

Tesla: China’s best-selling car brand reported EV and hybrid sales of 340,178 in December — including 190,754 all-electric cars — aided by aggressive end-of-year discounting, according to an exchange filing on Monday.

Data from Swedish auto industry association Mobility Sweden showed 1,789 new Tesla cars were registered in December, up from 1,645 in the same month of 2022. The U.S. companys market share grew to 6.1% from 4.6%.

Tesla Recalls: "We write with extreme concern following recent reporting about Teslas knowledge of safety flaws in its vehicles and concealment of the causes of these flaws from the National Highway Traffic Safety Administration," states the letter, which is signed by Senators Richard Blumenthal, of Connecticut, and Edward J. Markey, of Massachusetts.