Tesla Model 2 is reportedly canceled. Will there be no more budget EVs in the future? A new report claims that the Tesla Model 2, the company's supposed budget electric vehicle worth $25,000, has been canceled, and it is no longer developing it.
Tesla is in trouble: Its product line is aging. Sales are stalling. Top executives are fleeing. The stock price is down. The first wave of new Cybertrucks is riddled with quality problems. The low-cost Model 2 recently promised by Chief Executive Elon Musk appears to be dead. Some of Tesla’s most environmentally conscious buyers are signaling their disgust with the behavior of Musk by turning to other brands, even as price cut follows price cut. Those bargain basement deals are squeezing profit...
NEW YORK -- Tesla CEO Elon Musk told employees on Monday that the electric
Honda is well underway on a $700 million effort to retool three of its plants and create a new $3.5 billion battery plant for U.S. EV mass-production. But it’s also emphasizing how much flexibility it has in the shift to accommodate that production. As it confirmed Friday, it would potentially be able to make hundreds of EVs per day at its
Given flagging sales of the company’s existing product line, a mass-market electric vehicle would be a welcome shot in the arm. © 2024 TechCrunch. All rights reserved. For personal use only.
Tesla cars have the coolest customizable features, autonomous capabilities, and fast acceleration to top speeds. However, given the dynamic rules around EVs and emerging rival competition, Tesla cars and feature stacks often undergo price adjustments and changes. The pricing difference between the models can vary widely though.Besides the host of environmental benefits, buying an EV comes with state and federal tax rebates in the form of credits that lower your overall car purchase cost. You may...
Back in 2019, the family of Apple engineer Wei Lun Huang (aka Walter Huang) sued Tesla a year after he was killed when his Model X crashed while Autopilot was engaged. The automaker has settled the lawsuit — on the very day jury selection was supposed to take place. Tesla’s lawyers asked the court to seal the settlement agreement so the payout amount wouldn’t be made public. Tesla confirmed shortly after the accident that Autopilot was on at the time of the crash, but it also insisted Huang had...
Tesla CEO Elon Musk says the company will debut a robotaxi this summer. “Tesla Robotaxi unveil on 8/8,” Musk wrote on X Friday (April 5). The multibillionaire had predicted in 2019 that Tesla would launch a robotaxi by 2020. His latest announcement hours after a report by Reuters that Tesla was jettisoning its plans to produce lower-cost cars […]
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.
The trial, brought by the family of Apple engineer Walter Huang, was scheduled to begin this week.
Back in October 2020, General Motors (GM) officially launched the GMC
China, the world's largest electric vehicle (EV) market, is expected to see a slower growth rate in electric cars sales this year, spelling trouble for major players like Tesla and local competitor BYD. More than half of Tesla's sales come from the communist country, adding more problems to the company which is the worst performing stock in the S&P 500 this year.