/ 06 October 2022

Electric cars go vroom…

Image source: Unsplash
Image source: Unsplash

Speaking of the Tesla founder… Elon Musk’s Twitter issues may be demanding a lot of attention, but his clean energy company is not short of its own twists and turns. Tesla is the world’s most valuable car maker, but analysts are worried it won’t meet its financial targets as the global economy slows. In the July-September quarter, it made more cars than its sold, and this year, its share price is down more than 35%. But there’s no hitting the panic button yet because of the expected strong demand for Tesla electric cars for some time to come. And Aussie drivers can put their hand up to that… In September, the Model Y electric car was the 3rd-best-selling vehicle of any type in Oz behind the Ford Ranger ute and Toyota HiLux ute. But electric vehicles have some way to go – this year, 21,771 EVs have been sold out of 811,130 new vehicles.

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