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Red alert: Tesla vehicle orders in China almost halve last month



Tesla shares are sliding deeper into the red.

Vehicle orders in China fell by nearly half last month.

A report with Information, citing a single source familiar with the data, said monthly net orders in China dropped to below ten thousand in May, from more than 18,000 in April.

Tesla shares dropped more than 5 percent on Thursday as a result.

The Tesla factory in Shanghai is supposed to have the capacity to make around half a million electric cars a year, and is intended to make cars for China and export to other parts of Asia and Europe.

It’s the latest blow for Elon Musk’s electric vehicle company, that has been grappling with recalls and safety investigations in China, Including how Tesla handles consumer concerns about the safety and quality of its cars..

Tesla’s battle in China also includes competing with other Chinese Electric vehicle makers such as Nio.

A supply chain issue, impacting electric car maker Tesla is seeing prices for EV’s rise

Earlier this week, Tesla boss Elon Musk confirmed in a tweet that Supply chain pressures across the auto industry, particularly for raw materials is the reason for the dramatic increase in price.

Musk was responding to an unverified Twitter account that questioned why the carmaker was raising its prices

Tesla has increased the prices of its Model 3 and Model Y electric cars five times in a matter of months.


Germany recalls Tesla models due to emergency fault



Tesla is in the spotlight again, with Germany’s road traffic agency recalling models Y and 3 due to a fault in the automatic emergency call system

It’s a fault that could possibly impact around 59,000 vehicles globally.

Germany’s watchdog says a software flaw is causing a breakdown of the e-Call, a system designed to alert authorities after a serious accident.

The glitch follows the company delivered almost 18 per cent fewer electric vehicles in the second quarter than in the previous.

This is largely due to China’s Covid-19-related shutdowns and the ongoing supply chain crunch.

Meanwhile, CEO Elon Musk says Tesla’s new factories in both Texas and Berlin are “losing billions of dollars”.

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World’s first city to charge tourists for visiting



If you’re lucky to be heading abroad this summer, a visit to the famous canals in Venice, Italy might be on your itinerary, but beware of new fees to come.

Venice will charge most of its visitors an entry fee from next year as it tries to tackle overcrowding.

The city’s tourism chief says Venice are pioneers and will be the first city in the world to apply a measure that could be revolutionary.

From mid January next year, day-trippers must book their visit online before travelling.

They will pay a basic fee of 3 euro, which will rise to 10 euro at peak times.

Tourism is bouncing back in Venice after the pandemic with daily visitors again often outnumbering the 50-thousand residents of the city centre.

The scheme will be closely watched by other popular tourist destinations, overwhelmed with travellers around the world.

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Pubs in UK declining by thousands, new research



It’s no secret Brit’s love their Pub Grub, but plating up Bangers and Mash is a tradition on the decline

The number of pubs in England and Wales is continuing to fall, hitting its lowest level on record this year

After struggling through Covid the industry now faced soaring prices and higher energy costs, it warned.

There were just under 40-thousand pubs in June, down by 7,000 in the past decade, according to new research.

In fact, thousands of pubs have closed as younger people drink less, supermarkets sell cheaper alcohol and the industry complains of being too heavily taxed.

Pubs which had “disappeared” from the communities they once served had either been demolished or converted for other purposes, meaning that they were “lost forever”.

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