Tesla’s share price fell 11.55% in yesterday’s trading. This reduced the company’s market value by $109 billion. Tesla currently has a market capitalization of $832.6 billion. Over the past 5 days, the company’s shares have fallen in price by 16.79%.
The day before, Tesla released financial results for the fourth quarter of last year and for all of 2021. Despite the crisis in the electric vehicle industry, many indicators of Tesla’s financial report exceeded analysts’ expectations. Tesla’s revenue in 2021 will be $53.823 billion, while a year earlier it was $31.536 billion
Tesla CEO Elon Musk said that the company will not start production of new models in 2022: “However, we are going to do a lot of engineering work to finally create these cars: Cybertruck, Semi, Roadster and a new electric car for $25,000, about which there have been rumors for a long time.
This disappointed many investors who were eagerly waiting for an update on the timing of the release of the Cybertruck pickup truck, Semi truck and other company vehicles. This was stated by senior market analyst at Oanda Corp Edward Moya.
Tesla is clearly losing momentum, and the lack of a low-budget car in the $20,000 range is really dampening growth prospects as competitors try to catch up.”
Barclays analyst Brian Johnson added: “Musk has switched from cars of the future (such as the Roadster or Model 2 under $25K to robot taxis and humanoid robots. Tesla, we’re concerned about the lack of new cars.”
730 km, huge screen, acceleration to 100 km / h in 4.4 seconds and charging once a week. BYD Tang 2022 electric car goes on sale in China
The BYD Tang 2022 electric car went on sale today and is available in three versions with prices ranging from $42,250 to $51,200 in China.
The 2022 BYD Tang has a range of up to 730 km, acceleration from 0 to 100 km/h in 4.4 seconds, six and seven seat versions are available. The car is equipped with an all-wheel drive system, Disus-C electronically controlled intelligent active suspension, DiPilot and DiLink4.0 (5G) intelligent driving assistance system and other systems.
The BYD family-style interior features a 15.6-inch rotating panel, a new W-HUD head-up display, and an updated DiLink 4.0 smart network connectivity system that supports 5G connectivity as well as high-quality audio.
The second row of seats is also equipped with independent electric seats, which can support multi-way adjustment, ventilation and heating, massage and other functions.
Earlier, BYD officials reported that the BYD Tang 2022 electric car supports fast charging: within 10 minutes, you can extend the range by 140 kilometers. If you drive a car 20 km a day, then a 10-minute charge is enough for a week of use.
The single-engine version has a range of 730 km, while the 380 kW twin-engine version offers a range of 635 km.
The new Toyota Highlander is presented: the car finally got a turbo engine
Toyota introduced the updated Highlander crossover in the North American market, where sales will begin before the end of this year. Prices will be announced later.
The main change in the upgraded Toyota Highlander was the emergence of a new four-cylinder turbocharged gasoline engine, which replaced the atmospheric “six”. The old 3.5-liter naturally aspirated V6 engine was replaced by a 2.4-liter turbo four with 269 hp. with 418 Nm of torque. New 30 hp engine less powerful, but at the same time peak thrust increased by 62 Nm. Toyota is talking about the environmental friendliness of the new engine, which emits about 50% fewer harmful particles into the atmosphere compared to the old six-cylinder naturally aspirated engine.
The Toyota Highlander will also be available in the US with a hybrid powertrain based on a 2.5-liter naturally aspirated engine, working together with two electric units. In sum, all engines are capable of developing power up to 246 hp.
In the cabin, older versions have a 12.3-inch digital instrument panel, as well as a 7-inch information display. The car received a new multimedia system with a diagonal of 12.3 inches with navigation, voice control and the ability to automatically download updates.
The multimedia system supports wireless connection of mobile devices on iOS and Android platforms.
Honda showed its first electric crossover Prologue. But it will only be released in 2024.
Honda, like many other Japanese brands, is far behind its European competitors when it comes to electrifying their cars. The company already has a Honda e, and now the manufacturer has unveiled its first electric crossover, the Prologue. True, the car will enter the market only in 2024.
Whatever it was, so far we have only one official image. The crossover on it is not very similar to the current Honda models. The source says that Prologue is a joint development of the Japanese giant and GM, but no details yet. It is likely that the Prologue and some General Motors electric cars will have a common platform.
Honda plans to introduce 30 new electric vehicle models by 2030 and expects sales of 2 million units. After launching the Prologue in 2024, Honda plans to begin production of new electric vehicles based on its e:Architecture architecture in 2026, and in 2027 it will have affordable electric vehicles also co-developed with GM.
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