Mounting competition in the stuttering electric vehicle market is taking the juice out of Tesla. The automaker's first-quarter profit plummeted 55% as falling global sales and price cuts sliced into the EV maker's revenue and earnings. The company said Tuesday it made $1.13 billion in profit from January through March, compared with $2.51 billion in the same period a year ago. Revenue was $21.3 billion, down 9% from last year, the company said.Tesla executives blamed the dip partly on EV sales...
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...
Rule change means all company vehicles over $58k need the distinctive plates and it’s a big tax and status turn-off for wealthy Koreans
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Ben & Jerry’s independent board said it won’t stop overseeing the “social mission” of the brand even if parent company Unilever Plc sells or spins off the ice cream unit. There is a “firmly established framework” that will “remain intact” to protect the integrity of a brand known for promoting progressive causes, said the board, which has had a fractious relationship with Unilever in recent years. Led by Anuradha Mittal, the board told Bloomberg News that it’s here to stay and has played a key...
A MIND-BLOWING flying car has made history after conducting the world’s first flight with a passenger. Music legend Jean-Michel Jarre, 75, took off in KleinVision’s half-plane hybrid, k
A GREEN thumb has dished the details on a homemade weed-killing concoction. The gardening fan said that the all natural hack worked in just two hours. Gabriela Harris (@gabriela.harrisfam) filmed h
Apple’s smartphone sales tumbled 10% last quarter, according to market research firm IDC, as sales in China fell sharply. The company has lost momentum in China as nationalism, a rough economy and increased competition have hurt Apple over the past several months. “It’s a steep drop for Apple, but if you think of where we […]
Stock Plunging Again. This Is Where It's Headed (Second column, 13th story, link) Related stories:TESLA halts ALL Cybertruck deliveries due to fatal flaw
There’s a dance-based competition show currently airing Mondays at 9 pm. New episodes land on Fox. Cat Deeley’s the host. And yet, despite those familiar trappings, or the title that runs across the screen at the start of each episode, I’m having trouble believing that the show in question is actually So You Think You […]
Shares jump after carmaker says it is looking to accelerate production of lower-price EVsTesla sees biggest revenue drop since 2012 but shares still surgeElectric and hybrid car sales to rise to new global record in 2024Tesla’s plans to bring a more affordable electric vehicle to the market appear to have moved a step closer.On Tuesday, the company’s share price shot up by 12% after an update revealed the carmaker was hoping to accelerate the production of lower-priced EVs, with production of...
The new EV is priced starting at $52,990 and is available for pre-orders.