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Tesla cut prices on its entire U.S. electric vehicle model lineup for the third time this year in an apparent effort to lure more buyers amid rising interest rates. The cuts that appeared Friday on Tesla's website ranged from $5,000 per vehicle for Tesla's slower-selling more expensive models, the S large sedan and the X big SUV. The company lopped $2,000 off the price of the Y small SUV, its most popular model, and added a lower-cost dual-motor version priced at $49,990. The 3 small sedan saw a $1,000 price cut. The moves come as Tesla's first-quarter sales grew 36% but fell short of analysts' expectations. The company said Sunday that it delivered a quarterly record of 422,875 vehicles worldwide from January to March, up from just over 310,000 a year ago. But the increase fell short of analyst estimates of 432,000 for the quarter, according to FactSet. A message was left Friday seeking comment from the Austin, Texas-based Tesla on why the prices were cut. Guidehouse Research
The US Food and Drug Administration (FDA) rejected Elon Musk-run company Neuralink's bid to implant a chip in a human brain over safety risks, the media reported.
Tesla says it will cut the cost of its next generation of vehicles in half, largely by using innovative manufacturing techniques and smaller factories. CEO Elon Musk and other executives outlined the goals during a 3 1/2-hour investor day presentation at Tesla's Austin, Texas, headquarters Wednesday as they presented the company's third master plan. The changes could bring the cost of a new generation of vehicles to around $25,000. Many investors were hoping to catch a glimpse of the next generation vehicles, but Musk said they wouldn't be shown until a proper product unveiling. We'd be jumping the gun if we answer your question, about the new vehicles, he told an analyst. Shares of Tesla fell nearly 6% in after-hours trading during the presentation that ended just after 8 p.m. Eastern time. Musk announced that Tesla plans to build a new factory in Mexico near Monterrey. Company executives said it will not take production from any other factories, where Tesla expects to expand ...
Musk in November last year said the Tesla FSD beta is available to anyone in North America
Tesla Inc's advanced driver assistant software won't gain regulatory approval in 2022, CEO Elon Musk said
Funds backed by Wood's Ark Investment Management LLC bought 132,213 shares in Elon Musk's company on Monday, marking the firm's first purchase of Tesla since mid-June
Elon Musk-run Tesla has recalled around 1.1 million vehicles to prevent drivers from getting pinched by the windows while being rolled up
Twitter has misled its users from revealing the actual number of bots or spam accounts on its platform, then the Parag Agrawal-led company can be held liable for fraudulent disclosure, feels Elon Musk
This would result in reducing Tesla's total headcount by roughly 3.5 per cent
Elon Musk is appealing a federal court ruling that upheld a securities fraud settlement over Musk's tweets claiming that he had the funding to take Tesla private in 2018.
After Tesla CEO Elon Musk acquired Twitter for $44 billion, its Indian-origin CEO Parag Agrawal said on Tuesday that the micro-blogging platform has a purpose and relevance that impacts the world.
The government says it has 354 complaints from owners during the past nine months about phantom braking" in Tesla Models 3 and Y
The recall is the fourth made public in the last two weeks as US safety regulators increase scrutiny of the nation's largest electric vehicle maker
The latest in a series of recent recalls covers certain 2021 and 2022 Models 3, S, and X, and some 2020 through 2022 Model Y vehicles
The departments have also asked Tesla for its thoughts on importing fully built cars versus so-called knocked-down units or partially built vehicles
Tesla Inc's use of in-car cameras to record and transmit video footage of passengers to develop self-driving technology raises privacy concerns, influential US magazine Consumer Reports said
The US highway safety agency sent investigators to Michigan for the second time in less than a week to investigate an accident after a Tesla on autopilot crashed into a state trooper's patrol car
Tesla Inc has increased price of its Model Y Long Range and Model S Plaid plus by $10,000, the electric-car maker's website showed
Tesla Inc has obtained permission to start selling its Shanghai-made Model Y sports utility vehicle in China
Owning and driving a Tesla car will have to wait till the government reduces taxes on imports.