Tesla shares surged 12% on Wednesday after CEO Elon Musk said the company plans to produce new affordable EV models by early 2025.
Tesla has confirmed that it will offer more affordable electric vehicles, though it has not provided any details. A talented designer created this compelling Model 3 hatchback concept, sparking desires for an official Tesla hatchback. A hatchback version of the Model 3 could boost sales, especially in European markets, but Tesla hasn't shown any official interest in this body style. Tesla recently confirmed it is working on more affordable electric vehicles, and while it didn’t specify if this...
(Bloomberg) -- Elon Musk’s underlings at Tesla Inc. are accustomed to chaos. It comes with the territory of working for a chief executive who sets exacting targets and often abruptly switches directions — whose biographer describes his more intense moods as “demon mode.”Most Read from BloombergElon Musk’s Robotaxi Dreams Plunge Tesla Into ChaosTikTok to Remove Executive Tasked With Fending Off US ClaimsTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayTesla Spends Weekend Cutting...
The EV company keeps pushing its “next phase of growth” message, but it’s getting harder to look past a slump in vehicle sales and its unexciting lineup.
Tesla cut the prices for its Model Y, Model X and Model S vehicles in the U.S. by $2,000 each on Friday, according to the electric vehicle maker's website. Elon Musk's electric vehicle maker lowered the prices for its Model Y base variant to $42,990, while the long-range and performance variants are now priced at $47,990 and $51,490, respectively, the website showed. The basic version of the Model S now costs $72,990 and its plaid variant $87,990. The Model X base variant now costs $77,990 and...
Tesla is shifting its focus from electric vehicles to the self-driving Robotaxi program despite Model Y's success as a key revenue engine.
Musk’s announcement was aimed at calming nervous investors on Wall Street who were still trying to digest the company’s most recent earnings report.
Cheaper vehicles could be stripped-down versions of older models
Tesla board calls June 13 shareholder vote on Musk's pay and move to Texas.
Tesla has ended discounts on inventory across its electric vehicle lineup — even as sales for EVs have flagged — as part of a larger and vague plan by CEO Elon Musk to “streamline the whole Tesla sales and delivery system.” “It has become complex and inefficient,” Musk wrote in a post on X, the […] © 2024 TechCrunch. All rights reserved. For personal use only.
The Musk-led firm’s revenue fell in the first quarter as it handed over fewer electric vehicles to customers due to slowing demand and intense competition worldwide.
Tesla’s rocky year — plagued by price cuts, recalls and layoffs — continued Monday as shares of Elon Musk’s electric vehicle company dropped more than 3% ahead of Tuesday’s much-anticipated quarterly earnings. Tesla stock fell for the seventh straight day, closing at $142.05, its lowest price since closing at $133.42 on Jan. 20, 2023. Since