Tag: Tesla
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Tesla decreases Model Y prices to reduce its inventory backlog
Despite being the top EV seller in the U.S., Tesla had a somewhat rocky first quarter of 2024, building significantly more vehicles than it delivered. While some analysts’ predictions that Tesla could “go bust” sound overblown, the automaker is in recovery mode, offering deeper discounts to move unsold inventory. Tesla’s first-quarter sales dipped by 8.5%…
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Tesla abandons plans for affordable car due to intense competition in Chinese EV market
Tesla has scrapped the much-anticipated affordable car that investors were banking on to propel its growth as a mass-market automaker, as revealed by sources familiar with the matter and company messages seen by Reuters. Instead, the automaker will shift its focus to developing self-driving robotaxis on the same small-vehicle platform, according to the sources. This…
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Engineer’s testimony delves into the importance of lane markings for Tesla Autopilot
Tesla is set to go to trial for a wrongful death lawsuit that accuses the company of rolling out a “defective” Autopilot system.Li Jianguo/Xinhua via Getty Images Tesla is set to go to trial Tuesday over a wrongful death lawsuit regarding a fatal crash in 2018. A deposition from a Tesla engineer obtained by WaPo…
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Wall Street Analysts Assess Elon Musk’s Tesla Robotaxis Announcement
Tesla (TSLA) stock closed up nearly 5% on Monday as investors bought into CEO Elon Musk’s latest proclamation that Tesla would debut its long-awaited robotaxi on Aug. 8. Musk’s announcement of Tesla’s Robotaxi after the bell on Friday followed a Reuters report that Tesla had canceled plans to build a long-awaited sub-$30,000 EV, which some…
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Tesla resolves lawsuit related to fatal crash involving Apple engineer using Autopilot technology
Tesla settled a wrongful-death lawsuit related to a fatal 2018 crash. Walter Huang’s family sued after the Apple engineer died when his Tesla was in Autopilot mode. Details of the settlement — which happened just before the planned trial — were not disclosed. Tesla settled a wrongful-death lawsuit brought by the family of an Apple…
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U.S. Shoppers Demand Additional EV Choices Beyond Tesla
Parked TeslasJustin Sullivan/Getty Images EV shoppers want more choices than Tesla. Latest EV survey results could spell trouble for Tesla growth. This is the latest sign that the EV slowdown is catching up to Elon Musk. Electric vehicle shoppers are getting tired of Tesla. According to an annual study by UBS, well over half of…
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Model X outperforms Tesla Cybertruck in towing range
Tesla has long touted the Cybertruck’s capability, noting its 11,000-pound towing capacity and off-roading chops. Recent testing by Bowlus, a high-end trailer builder, showed that the truck might not offer the best range while pulling a load, however, and found that one of Tesla’s SUVs outperforms the pickup in how far it can tow. Bowlus…
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Ford offers $1,500 EV ‘conquest’ rebate for Tesla owners
Ford (F) is targeting one automaker in particular when it comes to boosting EV sales — Tesla (TSLA). As first noted by CarsDirect.com (via Ford Authority), Ford sent out an incentive bulletin to its dealers offering a $1,500 rebate specifically for Tesla owners who purchase an F-150 Lightning. A Ford dealer source confirmed the Lightning…
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New sport seats now standard on Tesla Model S
The Tesla Model S Plaid sports an advertised 1.99-second 0-60 mph time, which can exert an awful lot of force on our fragile human bodies. To help remedy some of those extremes and make the car better to drive on track, Tesla recently introduced new sport seats and said that they’re installed on all Model…