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 saw a 9 percent year-over-year decline in first-quarter revenue, the electric vehicle (EV) company said Tuesday. The drop in revenue, Tesla’s largest since 2012, comes as the EV firm faces falling sales and growing competition. Tesla slashed the price of three of its best-selling vehicles — the Model X, Model Y and Model S … 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
Tesla is accelerating plans for a line-up of new electric vehicles, including “more affordable models,” the automaker said in a memo to investors Tuesday. New models previously slated to start production in the second half of 2025 will now launch before then, the company said, implying production will start much earlier. It’s unclear whether the … 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
America has a charging problem. It’s pretty common to have to drive several miles off your route, only to find that half the chargers don’t work, and the ones that do are charging much slower than they’re rated to. Now that everyone’s switched to Tesla’s North American Charging Standard, that should definitely make things easier, … Read more
Tesla Inc. has reduced prices for all its vehicles in China, according to its official website, as the US car giant faces stiff competition from China while its boss Elon Musk also had to defer visit to India that would open up a new big market for the company. This move follows price cuts on … Read more
