It’s safe to say that the $25,000 Tesla “Model 2” — or whatever it was going to be called — probably isn’t happening. Musk and Tesla have other priorities given everything that’s happening with the company right now. Don’t fret though. If something like a Nissan Leaf or Chevy Bolt won’t do and you just … Read more
BEIJING: By most measures, the last thing China needs is more electric cars crowding a market with more losers than winners, driving down prices at the expense of profit and taking the fight for market share beyond China. And that’s just what it is getting. Automakers are expected to launch 110 EVs and plug-in hybrids … 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
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
By Ed Ludlow and Dana Hull | Bloomberg Tesla Inc. is slashing headcount by more than 10%, part of a global retrenchment extending all the way into its executive ranks as the carmaker struggles with slowing demand for electric vehicles. Chief Executive Officer Elon Musk revealed the job cuts in an email to staff, citing … Read more
A TikToker got locked inside of her Tesla Model 3 for 40 minutes in the hot sun while it was installing a software update, and as of this writing her video has over 10.7 million plays after a single day of being online. Before you go jumping to conclusions about her ineptitude, Brianna Janel was … Read more
Body cam footage released Tuesday of a traffic stop in Chicago gone horrifically wrong is calling into question the official story told by police on the scene. Five plainclothed Chicago police swarmed 26-year-old Dexter Reed’s car on March 21, pumping 96 shots into his vehicle after Reed apparently fired at officers. However, the officers’ body … Read more
