Tesla

Reuters reported that Tesla has canceled its long-promised low-cost car expected to start at about $25,000. Musk called the report a lie.

Tesla is offering a limited-time finance policy in China with down payments as low as RMB 79,900 and 0-interest loans for up to 5 years.

Tesla delivered 386,810 vehicles globally in the first quarter, missing estimates but regaining the BEV crown over BYD.

Tesla's China-made vehicle sales in March were essentially flat compared to the same month last year.

Tesla has raised the prices of all three variants of the Model Y by RMB 5,000 in China, in contrast to the price cuts made by other EV makers in the ongoing price war.

CATL is working with Tesla on battery technologies, particularly new electrochemical structures for faster charging, the Chinese battery maker's chairman said.

Tesla has told employees and some suppliers to prepare for an extension of production limits through April, according to Bloomberg.

Polestar vehicles can charge at up to 120 kW at Tesla Supercharger stations, according to the EV maker.

With the purchase discounts offered by Tesla expiring at the end of the month, the upcoming price hike means that the actual cost of purchasing a Model Y will go up by as much as RMB 23,000, according to local media.

This includes more than 450 Tesla Supercharger stations and more than 350 destination charging stations.