Things are not going well at Tesla right now. The stock is down more than $100 per share year-to-date, as many as 20,000 people are set to lose their jobs, the Cybertruck keeps breaking, operating profit is expected to be down 40 percent when it’s announced later today and the $25,000 electric vehicle that Tesla … Read more
Tesla’s first-quarter earnings call for 2024 is tonight, and it’s shaping up to be a rough one. The stock is nosediving, and investors desperately want Elon Musk to right the ship — and, in doing so, reinspire their confidence in the company’s continued ability to generate returns. Why Tesla stock might not be a buy … Read more
Photo: Tesla Tesla launched the newest iteration of its Model 3 Performance Tuesday, just in time for what promises to be a tense Q1 earning call. First, the car; the automaker claims it’s the most powerful electric sedan it has ever produced, boasting an advertised 163 mph top speed and a 2.9 second 0-to-60 mph … Read more
Good morning! It’s Monday, April 22, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. The Hype Behind Tesla Stock Success In 2023 1st Gear: Chaos At Tesla 2024 has not been kind … Read more
Tesla’s Semi truck, promised to deliver 500 miles of range, easy hauling, and low cost of operation, was unveiled in November of 2017. At the time dozens of fleets around the world placed orders for hundreds of trucks. The two largest orders, however, were for UPS and Pepsi, ordering 125 and 100 trucks respectively. Production … Read more
Photo: Tesla Things aren’t going well at Tesla. The stock is currently down more than 40 percent year-to-date, analysts expect the Texas-based automaker to announce a 40 percent drop in profits, more than 20,000 people are expected to lose their jobs, and Tesla’s flagship product, the Cybertruck, is already on its second recall, this time … Read more
Good morning! It’s Thursday, April 18, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Walter Isaacson On Elon Musk(s) 1st Gear: Elon Musk Actually Apologizes For Something Elon Musk said some of … Read more
Elon Musk is filthy, stinking rich. Despite Tesla’s current troubles resulting in his net worth tumbling a few billion, he’s still the third richest person on the planet. Apparently that wealth isn’t enough for him or Tesla. Now, the company actually created a website to convince shareholders that their part-time CEO deserves a $55 billion … Read more
Good morning! It’s Friday, April 19, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. 1st Gear: Tesla’s Stock Is In Freefall It has been an absolutely dismal year for Tesla’s stock price … Read more
The Tesla Cybertruck, a truck so rugged it can only be defeated by a car wash, was reportedly hit with a stop-sale recently because problems with its accelerator kept causing unintended acceleration issues. Don’t worry, though, just because a Cybertruck could attack at any time doesn’t mean it necessarily will. Also, TechCrunch reports that Tesla … Read more
