Elon Musk has shut down a report that Tesla is scrapping its '$25,000 Model
Tesla CEO Elon Musk refuted a Reuters report claiming that his automobile company is scrapping plans for a £19792.63 ($25,000) electric vehicle. The 52-year-old billionaire accused the outlet of "lying."Reuters, citing three anonymous sources, reported that Tesla had abandoned its project for a low-cost electric car, codenamed Model 2. The Reuters folks, who claim to have reviewed internal Tesla documents, suggest the project is dead.Responding to the report via an X post, Musk wrote: "Reuters...
(Bloomberg) -- Tesla Inc. shares pared a steep drop in intraday trading after Chief Executive Officer Elon Musk denied a report saying the carmaker had called off plans for a less-expensive vehicle.Most Read from BloombergNY Area Hit by Biggest Quake in 140 Years; Flights DisruptedTexas Toll Road Takeover to Cost Taxpayers at Least $1.7 BillionZimbabwe Replaces Battered Dollar With New Gold-Backed Currency Called ZiGSaudi Crown Prince MBS’s $100 Billion Foreign Investment Quest FaltersTurkey...
Elon Musk announced that Tesla will unveil its robotaxi this summer. The X
Tesla, Inc (NASDAQ:TSLA) stock is trading lower Friday following reports of the EV maker dumping its low-cost vehicle plans amid China competition. According to a Reuters exclusive report, Tesla has canceled production of its much-anticipated affordable car, which veers away from CEO Elon Musk’s original mission to create electric vehicles accessible to a broader audience. This decision dampens hopes for expanding Tesla’s market reach and signifies a shift in focus toward developing...
Tesla Inc. shares pared a steep drop in intraday trading after Chief Executive Officer Elon Musk denied a report saying the carmaker had canceled plans for a less-expensive vehicle.
Tesla has decided to reduce the price of its 'full self-driving' subscription by half to $99 per month. This decision has led Gene Munster, Managing Partner at Deepwater Asset Management, to predict the end of manual driving. read more
Reuters reported Tesla scrapped its Robotaxi plan. Elon Musk tweeted otherwise. We'll see come August.
A strike by Tesla mechanics in Sweden, among the country's longest labour disputes, continues to disrupt operations, a union said on Wednesday, and is drawing scrutiny from investors despite Elon Musk saying the storm is over. For months Tesla has been under pressure in the Nordics, with sympathy actions since October backing Swedish IF Metall's mechanics' demand for a collective agreement. Postal workers, garbage collectors, repair centres, port workers, electricians, and cleaners are among...
With the spring car-buying season starting just as tax return checks arrive, these are the biggest savings available on slightly used cars versus their new-model equivalents.
Tesla announced global workforce reductions of "more than 10%" in an internal email Monday to staff from CEO Elon Musk, according to electric-vehicles.com, a specialist outlet, in a report later covered by Reuters.Newsweek has not seen the original email and was unable to verify its content. Tesla did not respond to a request for comment.The ContextThe reported layoffs come amid a tough start to the year for Elon Musk and his electric-vehicle company. Quarterly results released at the beginning...
Elon Musk revealed Friday that Tesla will pull back the curtain on a robotaxi this summer, news that comes as the adoption of self-driving vehicles hits speed bumps over safety concerns.The billionaire boss of the electric car maker did not provide details, saying only in his post on X that the Tesla Robotaxi unveil will come on August 8.Tesla shares rose more than three percent in after-market trades following the post, after finishing the day down.Musk has long boasted of work Tesla is doing...