Tesla had its Q1 earnings call last night, right after releasing news that its profits last quarter fell 55 percent. Not only is that loss a big drop on its own, but it’s also significantly higher than the 40-percent drop that analysts had estimated ahead of the announcement. Instead of making that the main topic … Read more
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
Elon Musk is good at two things: having a lot of kids and pissing people off. Now, the Tesla CEO is angering his investors after he sent out an extremely vague social media post following a report from Reuters that the planned $25,000 Tesla is dead. He basically accused the outlet of “lying” on his social … Read more
Billionaire and sister to former Secretary of Transportation Elaine Chao, Angela Chao, drowned in her Tesla Model X after accidentally reversing into a pond on a 900-acre Texas ranch last month. She’d reversed her Tesla Model X when she meant to drive forward during a K turn — a common problem with the vehicle among owners. … Read more
Happy Friday! It’s February 2, 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: Could Tesla Move To Texas? After a Delaware court ruled that Elon … Read more
Image: Tesla Tesla boss Elon Musk has been promising an entry-level $25,000 electric vehicle for six years. He first mentioned the possibility of the car in 2018, saying it would happen within three years, then doubled down on the idea at Tesla’s Battery Day in late 2020. According to reports from Reuters, Tesla has inquired … Read more
