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.
Elon Musk's Tesla sales outlook has taken a turn for the worse, with two prominent analysts now predicting a decline in EV deliveries for 2024.
The US now boasts nearly 8,200 rapid EV charging stations, with Tesla contributing slightly over a quarter.
Ford Motor Co., rapidly retooling its electric vehicle strategy in a decelerating market for plug-ins, posted first-quarter results that beat expectations on strong sales of work trucks.
IBM separately announced it would buy HashiCorp, which sells software to manage cloud-computing operations, for $6.4 billion.
The move comes after the firm reported a sharp fall in deliveries in the first three months of 2024.
Mechanics who stripped the new EV down for an online video discovered that the steering motor has a sticker saying 'made in Mexico' - the piece is part of a system blamed for causing trucks to break.
Tesla shares surged 12% on Wednesday after CEO Elon Musk said the company plans to produce new affordable EV models by early 2025.
In the wake of disappearing incentives, German EV sales have fallen 14.1 percent in Q1 2024
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.
Tesla profits fell 55% to $1.13 billion in the first quarter from the same year-ago period as a protracted EV price-cutting strategy and “several unforeseen challenges” cut into the automaker’s bottom line. Tesla reported revenue of $21.3 billion in the first quarter, a 9% drop from the first quarter of 2023. Analysts polled by Yahoo Finance […] © 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.