Said El Mansour Cherkaoui – Chinese competition on the Top and under the hood of Tesla
Tesla Motors: Driving News, Dance and Transe Moves – BAGNOLE CHERKAOUI 1920 – 24
🌐🌐🌐🌐🌐🌐🌐🌐🌐🌐🌐🌐🌐🌐🌐🌐🌐🌐🌐🌐🌐 Tesla Global Car Development and Local Energy Production BAGNOLE CHERKAOUI 1920 – 24 AVRIL 14, 2019 – 11/24/2021 Said El Mansour Cherkaoui and 7/20/2024 Diaspora of African Executives Said El Mansour Cherkaoui Ph.D. • • • 1 minute ago UN CONSEIL DE la PART d’un FRÈRE AFRICAIN A CELLES ET CEUX QUI PEUVENT AVOIR UN TEL ENGIN DE TESLA 🌐 … Lire la suiteTesla Motors: Driving News, Dance and Transe Moves
Times are starting to get tough for Tesla
Tesla and China: an electrifying automotive idyll
JUNE 22, 2023 $ July 6, 2023 $ July 7, 2024 $ July 30, 2024
For the premiere, Tesla cars were placed on a Chinese government procurement list, according to state media Paper.cn. Tesla is the only rare electric vehicle brand listed on the procurement list released by the government of Jiangsu province in eastern China. July 5, 2024 For the premiere, Tesla cars are placed on a Chinese government procurement list, according to state media Paper.cn.
Tesla is the only rare electric vehicle brand listed on the procurement list released by the government of Jiangsu province in eastern China. Other brands mentioned include Volvo, the defunct Chinese Geely, and SAIC, the defunct state-owned company.
This means that government agencies and public groups in the province can buy them as service vehicles, which is the relationship between the Chinese entrepreneur and Elon Musk’s company.
The development may go viral on Chinese social media, with some users asking if the rare vehicles should be intended for use by the government.
The Jiangsu government intends to address these concerns by claiming that the Tesla Model Y is “a domestic, not imported car,” according to a report published by the National Business Daily, a state-owned company, citing a government employee.
Tesla, which has a giant footprint in Shanghai, will be manufacturing 947,000 cars in China by 2023, with most of them at its location.
The Jiangsu government did not respond to CNN’s phone calls. In the government’s procurement catalog, the Shanghai-made Tesla Model Y was priced at 249,900 yuan ($34,377).
China is becoming a major market for Tesla, as the country accounts for the majority of total global electric vehicle sales. Last year, Tesla accounted for a quarter of China’s total sales.
But the American carmaker is also facing a crush of Chinese rivals. BYD overtook Tesla in the last quarter of 2023 and is also a major seller of electric vehicles on the planet. Tesla regained its position in the first half of this year but is on the brink of collapse.
Tesla vehicles are now banned from accessing some government and military complexes in China due to spying and user security concerns.
These restrictions were imposed in April 2024, when a major automobile association announced that Tesla vehicles meet the security requirements of Chinese transporters. The announcement to this day that Musk returned to Beijing and met Premier Li Qiang, who hailed Tesla as a “success model” of collaboration between the United States and China.
EU border crossings More, on the borders, tensions between China and the West are intensifying.
The European Commission has confirmed that it is imposing additional double duties of 37.6% on imports of electric vehicles made in China.
The custom tariffs, announced for the premiere since its debut in June, are adopted as a necessary measure of the EU to deter a fleet of Chinese voitures bon marché built with the solution of the “unfair” government.
Tesla, a major exporter of electric vehicles made in China to Europe, has demanded a separate calculation of the partner rights, according to the Commission. The company is currently facing an additional double profit right of 20.8% within the framework of a group of cooperative companies with the EU survey.
TESLA BEHIND SCREEN OF UNCERTAIN NEW STRATEGIC DIRECTIONS
7 24 24 – Said El Mansour Cherkaoui Ph.D. – Said Cherkaoui Ph.D.
Times are starting to get tough for Tesla
1.85 Million Cars Recalled by Tesla 📉 stock fell in response, down 1.5% on open.
Tesla rolling out a software fix for 1.85 million vehicles in the U.S., which have been recalled for failing to alert the driver when the hood is unlatched. It’s the company’s largest recall since December 2024, when nearly all Teslas were recalled over issues with its Autopilot system. The concern this time is that an unlatched hood could fly open and block the driver’s view, according to the National Highway Traffic Safety Administration. Tesla has already started deploying a free over-the-air software update to address the issue, which affects recent Model 3, Model S, Model X and Model Y cars.
Tesla’s recent business performance has been closely watched.
In the second quarter of 2024, the automaker faced disappointing figures:
- Production decline: Tesla built 418,831 electric vehicles, a decrease of 14.4% compared to the second quarter of 2023.
- Slowing Sales: Tesla sold 443,956 electric vehicles in the same quarter, reflecting a 4.8% year-over-year decline.
- Challenges: Despite Elon Musk’s influence, Tesla struggled with a small product line and a price war, particularly in China.
- Excess Inventory: Interestingly, Tesla delivered more Model 3s and Model Ys than it produced, potentially eliminating excess inventory.
- Solar Power Division: Tesla’s solar power and storage division had a good quarter, deploying 9.4 GWh of energy storage.
- Musk’s Pivot: Elon Musk is now focusing on humanoid robots, a departure from the auto industry.
Tesla has lost its EV market majority. The company no longer makes most of America’s electric vehicles, according to data from research firm Cox Automotive.
Tesla’s market share fell to 49.7% in the second quarter, compared with 59.3% in the same period a year earlier.
With more than 100 EV models in the U.S. market, Tesla faces increased competition from established automakers. General Motors, Ford, Hyundai, and Kia have made inroads in the fast-growing segment. Total EV sales climbed 11.3% in the quarter, and 8% of all cars sold or leased were electric.
Tesla is at a crossroads. As demand for electric vehicles slumps and profits plunge by 45%, Elon Musk is betting on humanoid robots, autonomous taxis, and artificial intelligence to revive growth. This strategy may test investors’ patience. Despite Musk asserting on a post-earnings call Tuesday that “the value of Tesla overwhelmingly is autonomy,” the timeline for the pivot is uncertain.
Tesla intends to unveil its Robotaxi in October, two months later than planned. Musk has also revised his robot timeline, saying they will “hopefully” be available to customers in 2026.
Tesla shares fell 11% on Wednesday.
The new timelines put “investors in something of a holding pattern,” writes Bloomberg, also noting that a factory project in Mexico is on hold until after November’s U.S. presidential election.
A bright spot for Telsa has been sales of batteries, which doubled to $3 billion in the last quarter.
While Tesla’s auto sales face challenges, Musk remains optimistic about growth.
Tesla’s growth requires superior propulsion and control of maintenance and electric charging costs
Tesla’s inventory is parked near their factory in Fremont, California and this is not the only location and trailer truck and has been since the summer of 2023 when the author of this article visited the places to take these photos of Tesla near the place of its manufacture and this photo is of Tesla just freshly released from the arms of the manufacturing Robots without any license plate and the entire interior of these cars is carpeted and covered protective plastic.
Times are starting to get tough for Tesla. The electric vehicle automaker was growing, with quarter after quarter of successive growth and plenty of profits in the process. But of late, that success has been mainly due to a series of price cuts intended to entice customers to buy an aging range.
In March 2024, the company recorded its first quarterly decline since 2020. It now plans to lay off more than 10% of its workforce, according to an internal memo seen by Reuters . “As we prepare the company for our next phase of growth, it is extremely important to examine all aspects of the business to reduce costs and increase productivity,” Tesla CEO Elon Musk told the employees in the note. Musk has pursued a strategy of relentless cost cutting, but all those price cuts have meant that Tesla’s once-envied profit margins are no longer anything special.
JUNE 22, 2023 – APRIL 15, 2024
Internal memo seen by Reuters . “As we prepare the company for our next phase of growth, it is extremely important to examine all aspects of the business to reduce costs and increase productivity,” Tesla CEO Elon Musk told the employees in the note. Musk has pursued a strategy of relentless cost-cutting, but all those price cuts have meant that Tesla’s once-envied profit margins are no longer anything special.
Tesla cuts 10% of its workforce
Tesla Global Car Development and Local Energy Production
AVRIL 14, 2019 – 11/24/2021 Said El Mansour Cherkaoui and 7/20/2024 Diaspora of African Executives Said El Mansour Cherkaoui Ph.D. • • • 1 minute ago UN CONSEIL DE la PART d’un FRÈRE AFRICAIN A CELLES ET CEUX QUI PEUVENT AVOIR UN TEL ENGIN DE TESLA 🌐 Tesla Motors: Driving News, Dance, and Transe Moves 🌐🌐Design and Creative Photographic Shoots on Cars 🌐Said El Mansour Cherkaoui Ph.D. … Lire la suite
LG Energy Solution
A unit of LG Chem, this South Korean battery supplier is neck and neck with CATL as the world’s leading supplier of lithium-ion batteries for electric vehicles.
While there has been some controversy along the way – LG Chem successfully sued rivals SK Innovations not long ago for stealing trade secrets – the future looks bright for the company, with LG Energy Solution starting production of 4680 cells in 2023, the same cells. which constitutes Tesla’s most advanced battery to date.
Large-format 4680 cylindrical cells would increase power six-fold and energy five-fold, and increase the range of an electric vehicle by up to 54 percent.
These 4,680 cells should also bring the price of Tesla electric vehicles down to around $25,000, according to Tesla founder Elon Musk.
The company also has a $303 million factory in Holland, Michigan, capable of producing enough cells per year to build between 50,000 and 200,000 batteries for hybrid manufacturers like Ford , General Motors, Hyundai, Volvo , Renault and Chevrolet .
By 2025, all factories in South Korea, North America, Europe and China will run 100% on renewable energy.
Chinese electric vehicle (EV) maker Nio has unveiled the first car from its new lower-priced brand Onvo, in a direct challenge to Tesla’s best-selling car.May 15, 2024
Beyond Dream – BYD
Formerly written off by Elon Musk, the Chinese BYD proved its detractors wrong by becoming the world’s leading seller of electric vehicles in July 2022, after having sold 641,000 vehicles in the first half of 2022, almost 80,000 more electric vehicles than Tesla .
On Monday, July 1, 2024, BYD reported EV sales of 426,000. That is 21% more than a year ago, as BYD continues to close the gap on Tesla. In the fourth quarter, BYD briefly passed Tesla in global EV sales.
Although it has gained a strong foothold in the electric vehicle market, BYD began life as a rechargeable battery manufacturer in 1995 and in 2021 built a new factory in Chongqing, China to produce its blade batteries, which are thinner and longer than conventional lithium batteries ion cells.
Blade batteries are also considered the safest EV batteries because they are much less likely to catch fire in the event of an accident. They are also 50% smaller than other battery packs, resulting in lighter, more efficient electric vehicles.
There appear to be no hard feelings between the Chinese giant and Elon Musk: BYD Executive Vice President Lian Yubo now claims that BYD is “good friends” with Mr. Tesla and plans to supply his company batteries for electric vehicles.
Panasonic
Panasonic is another one of the largest lithium-ion battery manufacturers in the world. The electronics giant has partnered with Tesla to build Giga Nevada – or Gigafactory 1, as it is also known – a $5 billion factory for lithium-ion batteries and electric vehicle components. Dollars located in Storey County, Nevada. , which produces a Panasonic EV battery exclusively for Tesla’s Model 3, Model S and Model X SUVs.
Panasonic reportedly invested $1.6 billion in Gigafactory 1 to become Tesla’s main supplier of electric vehicle batteries, with raw materials supplied by a mining company that extracts lithium from a site 200 miles from the factory.
Jointly designed and manufactured by Tesla and Panasonic, the “2170” battery has been mass-produced since January 2017, and the new and improved 4680 battery cell, which features significant capacity improvements, will enter production in 2023.
Looking to the future, Shoichiro Watanabe, CTO of Panasonic Energy, says the company will achieve a 20% improvement in the energy density of its battery cells by the end of the decade.
In the same way that Tesla has partnered with other electric vehicle battery makers in other international markets, Panasonic has also partnered with Toyota to build a lithium-ion battery factory in Japan that will supply batteries for Toyota electric vehicles. Source:
Tesla’s Tracks of Creativity, Road of Success, and Path for Energy Sustainability
Said El Mansour Cherkaoui, Ph.D. – Tesla’s mission is to accelerate the world’s transition to sustainable energy Tesla’s Electric Pickup Truck: Tracks of Creativity, Road of Success and Path of Energy Sustainability Four years ago, Elon Musk unveiled Tesla’s electric pickup truck, and two years behind schedule and nearly 2 million preorders later, Tesla’s Cybertruck will finally go out to customers on … Continue reading
Tesla will cut more than 10% of its global workforce or up to 14,000 employees
Tesla, the electric car manufacturer, is indeed planning significant workforce reductions. According to an internal email from Tesla CEO Elon Musk, the company will cut “more than 10%” of its global workforce. The move comes as Tesla grapples with slowing demand and challenges in the electric vehicle (EV) market around the world .
Here are the key points:
Number of employees: Tesla ended 2023 with more than 140,000 employees worldwide, meaning the cuts could affect more than 14,000 people .
Reasons for layoffs: The company’s decision to downsize is driven by the need to reduce costs and increase productivity. Tesla has warned investors that sales growth could be “significantly lower” in 2024 compared to its stated goal of 50% growth each year. Additionally, Tesla is currently between production cycles, with the expensive Cybertruck recently entering production and the popular Model Y entering its fourth year without significant updates.
Executive departures: On the same day as the layoffs, two high-level executives left Tesla. Drew Baglino, Tesla’s senior vice president of powertrain and energy, and Rohan Patel, vice president of public policy and business development, have both left the company. Baglino oversaw the engineering of the company’s powertrain and battery technologies, while Patel had experience in climate and energy policy. Their departures come as part of the company’s restructuring efforts.
In the memo, CEO Elon Musk writes that duplication of roles and the need to cut costs are behind the layoffs. The automaker had nearly doubled its workforce over the past three years by increasing production at several factories, but last month recorded its first quarterly drop in deliveries in four years. Tesla shares have fallen 31% this year, putting it among the worst performers in the S&P 500.
Elon Musk expressed gratitude for their contributions but emphasized the need to reduce costs and increase productivity as Tesla prepares for its next phase of growth. This situation reflects the challenges facing the electric vehicle industry and the need for companies like Tesla to adapt to changing market dynamics.
Overall electric vehicle sales slowed in the first quarter, increasing less than 3%, while hybrid sales increased 43%.
Tesla’s difficulties have largely contributed to the C’s lukewarm performance, since the company’s cars represent about half of the US electric market, according to research firm Motor Intelligence.
Storyline feed updates
Is the Cybertruck killing Tesla?
Tesla’s only product launch in the past six years has exhausted enormous resources and is still not ready for prime time. The Cybertruck is having a hard time selling to ardent fans at its current price. Tesla’s future is tied to robo-taxis that may or may not come into service this decade. Faced with growing Chinese competition, Tesla has a million reasons to worry. #ElonMusk is just one of them.
Tesla Motion and Evolution by Said El Mansour Cherkaoui
Jul 13, 2018 – China powers up US business outreach in talks with Elon Musk – China rolled out the red carpet for US business again on Thursday, with a meeting between Chinese Vice-President Wang Qishan and Tesla chief Elon Musk under the shadow of more American tariffs – November 12, 2019
Tesla cuts 10% of its workforce
Tesla will cut more than 10% of its global workforce, or up to 14,000 employees,
Tesla, the electric car manufacturer, is indeed planning significant workforce reductions. According to an internal email from Tesla CEO Elon Musk, the company will cut “more than 10%” of its global workforce. The move comes as Tesla grapples with slowing demand and challenges in the electric vehicle (EV) market worldwide .
Tesla (TSLA) is rumored to be preparing a massive round of layoffs
electrek.co • 2 min read
Tesla layoffs an ‘ominous sign’ for the company, analyst says
finance.yahoo.com • 3 min read
Tesla announced a significant reduction in its workforce following a disappointing first-quarter delivery report, following in the footsteps of traditional automakers and pure-play EV makers, according to an internal memo. Famed Tesla bull Dan Ives of Wedbush Securities warned that the layoffs were a negative sign for Tesla, as seen in Monday’s stock decline. Ives has a price target of $300 and a buy rating on the stock. “This is a worrying signal of tough times ahead for Tesla as Musk weathers this Category 5 storm,” Ives said in a comment to Yahoo Finance. “Demand has been weak globally, and this is unfortunately a necessary move for Tesla to reduce costs with a more moderate growth outlook.”
Tesla layoffs an ‘ominous sign’ for the company, analyst says
finance.yahoo.com • 3 min read
For decades, the UAW’s efforts to unionize large foreign auto plants in the American South failed. It now appears that this is about to change, with far-reaching consequences. I’ve traveled multiple times to Tennessee and Alabama to report on why the union is poised for a historic victory this week at Volkswagen in Chattanooga, and how it could bolster its efforts everywhere from Mercedes to Tesla. “When we started this campaign, you didn’t talk very openly about a union in the factory,” one of the hundreds of VW workers who sat on the union’s organizing committee told me. “Now that’s all we talk about.”
How the UAW Is Winning Over New Plants — Starting with Volkswagen – bloomberg.com • 1 min read
Elon Musk announced in an internal memo that Tesla plans to cut more than 10% of its global workforce. Tesla’s CEO said that as the electric vehicle maker has rapidly expanded, there has been some “duplication” of roles. He added that the cuts will help it become “simple, innovative and hungry for the next phase of growth.” »
Read the memo Elon Musk sends Tesla staff announcing that the company is laying off more than 10% of the workforce – businessinsider.com
Executive exodus and 10% reduction in workforce at Tesla. We reported that Drew Baglino had resigned from Tesla . Baglino had worked at Tesla since 2006 and was senior vice president of powertrain engineering and energy. He was one of four executives named and integral to the work the company was doing in everything from electric vehicles to energy storage and next-generation 4680 cells. Drew posted on social media a few hours after our story to confirm his departure. Rohan Patel, Tesla’s head of public policy, also left the company, we reported. Factoring in the departure of key names from Tesla’s semiconductor team earlier this year and the departure of Zach Kirkhorn in August, that’s a lot of intellectual capital and experience. Still: I’m told things are going well – particularly in the energy division – and one of the reasons for Baglino’s departure is that he felt the place was in good hands. Last night, Musk told staff around the world that Tesla would cut 10% or more of its global workforce. The reasons are clear: continued cost reduction and productivity in a difficult environment. But Tesla has grown rapidly. And Musk cited the number of duplicate roles in his justification for the RIF. 10% of Tesla’s workforce represents approximately 14,000 people. It is therefore large in size, the largest RIF ever seen.
Tesla Executive Baglino Leaves as Musk Loses Another Top Deputy – bloomberg.com • 1 min read
Here are the key points:
Reasons for layoffs: The company’s decision to downsize is driven by the need to reduce costs and increase productivity. Tesla has warned investors that sales growth could be “significantly lower” in 2024 compared to its stated goal of 50% growth each year. Additionally, Tesla is currently between production cycles, with the expensive Cybertruck recently entering production and the popular Model Y entering its fourth year without significant updates .
Executive departures: On the same day as the layoffs, two high-level executives left Tesla. Drew Baglino, Tesla’s senior vice president of powertrain and energy, and Rohan Patel, vice president of public policy and business development, have both left the company. Baglino oversaw the engineering of the company’s powertrain and battery technologies, while Patel had experience in climate and energy policy. Their departures come as part of the company’s restructuring efforts .
In the memo, CEO Elon Musk writes that duplication of roles and the need to cut costs are behind the layoffs. The automaker had nearly doubled its workforce over the past three years by increasing production at several factories, but last month recorded its first quarterly drop in deliveries in four years. Tesla shares have fallen 31% this year, putting it among the worst performers in the S&P 500.
Elon Musk expressed gratitude for their contributions, but emphasized the need to reduce costs and increase productivity as Tesla prepares for its next phase of growth . This situation reflects the challenges facing the electric vehicle industry and the need for companies like Tesla to adapt to changing market dynamics.
Overall electric vehicle sales slowed in the first quarter, increasing less than 3%, while hybrid sales increased 43%.
Tesla’s difficulties have largely contributed to the C’s lukewarm performance, since the company’s cars represent about half of the US electric market, according to research firm Motor Intelligence.
Storyline feed updates
Is the Cybertruck killing Tesla? Tesla’s only product launch in the past six years has exhausted enormous resources and is still not ready for prime time. The Cybertruck is having a hard time selling to ardent fans at its current price. Tesla’s future is tied to robo-taxis that may or may not come into service this decade. Faced with growing Chinese competition, Tesla has a million reasons to worry. #ElonMusk is just one of them.
Tesla Motion and Evolution by Said El Mansour Cherkaoui
Jul 13, 2018 – China powers up US business outreach in talks with Elon Musk – China rolled out the red carpet for US business again on Thursday, with a meeting between Chinese Vice-President Wang Qishan and Tesla chief Elon Musk under the shadow of more American tariffs – November 12, 2019