Tesla

CT car dealers push back on ‘Tesla bill’

Figures in the state’s car dealership industry are once again taking aim at a bill that would permit electric vehicle manufacturers to sell their cars directly to consumers, arguing the proposal will result in fewer protections for buyers and undercut local businesses.

The bill, known as SB 127, is the latest in a series of attempts to at least partially roll back some aspects of the state’s dealer franchise law, which requires car companies to sell through franchised dealers. Lawmakers put forward a direct sales proposal every year between 2015 and 2019, but each time it stalled in the General Assembly.

Within Connecticut’s car dealership sector, the reappearing legislation has come to be known as the “Tesla bill,” after California-based electric vehicle maker Tesla Inc. Tesla has backed similar legislation in states throughout the country in an effort to expand its direct sales model and, as the world’s largest electric

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Tesla caught in the crossfire of a brewing tech Cold War with China

Musk has rebuffed those fears, insisting that if the electric car company was used to spy by any nation it could be shut down. “There’s a very strong incentive for us to be very confidential with any information,” he told a prominent Chinese forum.

Dan Ives, an analyst at investment firm Wedbush, says: “With a brewing Cold Tech War between the US and China, Tesla remains caught in the crossfire.”

Experts and veterans of the Chinese auto industry say Musk will need to work hard to ensure his automotive behemoth does not become an inverse case of Huawei, the Chinese tech giant that has had its ambitions battered by similar security concerns from the US government.

“If I’m Tesla, I would find it disconcerting,” says Michael Dunne, head of the Chinese-focused automotive consultancy ZoZo Go, who lived and worked in China from 1990 to 2016. He describes the move

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Musk Says Tesla, Ford Are Only American Automakers Never To Go Bankrupt

Elon Musk made Twitter the new automotive CEO platform. Herbert Diess is there. Jim Farley too. That created a rich environment for some public interactions between them. The latest one was when Musk named Tesla and Ford as the only American companies never to have gone bankrupt until now.

Musk did that in reply to a Sam Korus tweet that showed how big car manufacturing business failures were until 1927. Among those early thousands of automotive startups, Musk said Ford was the only one to beat the odds.

 

The last company to do that was Tesla, something Musk also celebrated when he stressed his company was the last one to achieve mass manufacturing in 100 years. The Tesla CEO said that a while ago. More recently, he did that in his interview with Sandy Munro in which he recognized some of the flaws that Tesla vehicles present, especially when

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Tesla is slowly losing its electric-vehicle crown as Ford’s Mustang Mach-E cuts into sales

Mustang Mach E GT Performance Edition 03

Mustang Mach-E GT Performance Edition. Ford

  • Tesla’s share of the US electric-car market fell from 81% to 69% in February.

  • The Mustang Mach-E was nearly the sole reason for Tesla’s market-share losses.

  • Ford’s new electric car has been widely successful, winning awards and Wall Street’s approval.

  • Visit the Business section of Insider for more stories.

Ford’s electric Mustang Mach-E appears to be cutting into Tesla’s comfortable lead in the electric-vehicle market right out of the gate.

While Ford sold only 3,739 of the new SUVs in February, Tesla’s share of the US electric-car market fell to 69% in the same month, down from 81% in the prior year, a Morgan Stanley report found. What’s more, the Mustang accounted for nearly all of Tesla’s market-share losses, the bank said.

Despite the new competition – of which Ford is far from the only source – Morgan Stanley’s analysis found that

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