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Tesla profits drop 55% as Elon Musk dodges cheap car questions

Tesla spent $1 billion on GPUs even as its profit margins shrank by half. Enlarge / Tesla shares rose by almost 11 percent in premarket trading despite the disastrous financial results. (credit: CFOTO/Future Publishing via Getty.....»»

Source:  ArstechnicaCategory: TopApr 24th, 2024Related News

Tesla’s Model 3 Performance Makes its Debut

The new EV is priced starting at $52,990 and is available for pre-orders. The post Tesla’s Model 3 Performance Makes its Debut appeared first on Phandroid. EV manufacturer Tesla has just announced the launch of a new addition to its.....»»

Source:  PhandroidCategory: AsiaApr 24th, 2024Related News

Tesla to begin production on new, more affordable models

As Tesla shared its figures for the first quarter on Tuesday, the automaker also previewed the app that it wants to use for its planned robotaxi service......»»

Source:  DigitaltrendsCategory: TopApr 24th, 2024Related News

Tesla says it will accelerate new products after Q1 net income drops 55% to $1.1B

"These new vehicles, including more affordable models, will utilize aspects of the next generation platform as well as aspects of our current platforms," Tesla said in its first-quarter report......»»

Source:  AutonewsCategory: TopApr 24th, 2024Related News

Tesla previews ridesharing app feature for its robotaxi

As Tesla shared its figures for the first quarter on Tuesday, the automaker also previewed the app that it wants to use for its planned robotaxi service......»»

Source:  DigitaltrendsCategory: TopApr 24th, 2024Related News

Tesla Q1 net income drops 55% to $1.1 billion; revenue slides 9% to $21.3 billion

Gross margin fell in the first quarter to 17.4 percent from 19.3 percent in the year-earlier period......»»

Source:  AutonewsCategory: TopApr 23rd, 2024Related News

Column: What’s under the Tesla Cybertruck’s skin? Teardown expert Sandy Munro shows us

Teardown expert Sandy Munro bought two Cybertrucks, one to tear down piece by piece and examine, and the other to drive. Munro, 75, detailed for Automotive News much of what he's seen of the Cybertruck's underpinnings......»»

Source:  AutonewsCategory: TopApr 23rd, 2024Related News

Column: Column: What’s under the Tesla Cybertruck’s skin? Teardown expert Sandy Munro shows us

Teardown expert Sandy Munro bought two Cybertrucks, one to tear down piece by piece and examine, and the other to drive. Munro, 75, detailed for Automotive News much of what he's seen of the Cybertruck's underpinnings......»»

Source:  AutonewsCategory: TopApr 23rd, 2024Related News

Tesla Cybertruck is loaded with advanced technology, says teardown expert Sandy Munro

Teardown expert Sandy Munro bought two Cybertrucks, one to tear down piece by piece and examine, and the other to drive. Munro, 75, detailed for Automotive News much of what he's seen of the Cybertruck's underpinnings......»»

Source:  AutonewsCategory: TopApr 23rd, 2024Related News

Tesla cuts marketing team a year after Elon Musk said it will try advertising

Tesla slashed a newly formed marketing team as part of companywide layoffs, reversing course from a traditional advertising push that CEO Elon Musk greenlighted less than a year ago......»»

Source:  AutonewsCategory: TopApr 22nd, 2024Related News

Tesla cuts Full Self Driving cost by 1/3 ahead of earnings call

With the Model 2 cancelled, FSD is more important to Tesla than ever. Enlarge / Tesla's "Full Self Driving" system just got a third cheaper. (credit: Edie Leong for The Washington Post via Getty Images) Tesla has dropped.....»»

Source:  ArstechnicaCategory: TopApr 22nd, 2024Related News

Tesla cuts the price of Full Self Driving option from $12,000 to $8,000

With the Model 2 cancelled, FSD is more important to Tesla than ever. Enlarge / Tesla's "Full Self Driving" system just got a third cheaper. (credit: Edie Leong for The Washington Post via Getty Images) Tesla has dropped.....»»

Source:  ArstechnicaCategory: TopApr 22nd, 2024Related News

Tesla"s Elon Musk faces robotaxi skeptics, sales drop in Q1 earnings report; broad price cuts launched

CEO Elon Musk will face tough questions after a Q1 sales decline and reports Tesla stopped work on an affordable EV in favor of a dedicated robotaxi without human controls......»»

Source:  AutonewsCategory: TopApr 22nd, 2024Related News

Tesla’s fix for faulty Cybertruck pedal is simpler than you might think

Less than five months after handing over the first Cybertrucks to customers, Tesla has had to recall the pickup to fix an issue with the accelerator pedal......»»

Source:  DigitaltrendsCategory: TopApr 22nd, 2024Related News

Tesla"s Elon Musk faces robotaxi skeptics, sales drop in Q1 earnings report

CEO Elon Musk will face tough questions after a Q1 sales decline and reports Tesla stopped work on an affordable EV in favor of a dedicated robotaxi without human controls......»»

Source:  AutonewsCategory: TopApr 22nd, 2024Related News

Tesla spends weekend cutting prices of cars and Full Self-Driving software

The company led by Elon Musk slashed the price of the driver assistance software that it calls FSD, or Full Self-Driving, by a third to $8,000 in the U.S. It had been $12,000......»»

Source:  AutonewsCategory: TopApr 21st, 2024Related News

Tesla"s full self-driving feature may launch in China "very soon," Musk says

The EV maker rolled out FSD four years ago but has yet to make it available in China despite customers urging it to do so......»»

Source:  AutonewsCategory: TopApr 21st, 2024Related News

One of Tesla’s biggest competitors is making a phone

Polestar, which has dreams of toppling Tesla one day, is making a gorgeous phone that will live as part of its connected electric car ecosystem......»»

Source:  DigitaltrendsCategory: TopApr 20th, 2024Related News

One of Tesla’s biggest competitors is making a phone, and it looks great

Polestar, which has dreams of toppling Tesla one day, is making a gorgeous phone that will live as part of its connected electric car ecosystem......»»

Source:  DigitaltrendsCategory: TopApr 19th, 2024Related News

Tesla"s U.S. registrations fell 25% in February, dragging the EV segment into the red

Ford, Hyundai, Kia, BMW and Rivian posted strong gains, partially offsetting Tesla's decline. The last time monthly EV registrations fell was in August 2020......»»

Source:  AutonewsCategory: TopApr 19th, 2024Related News