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Elon Musk gave Tesla investors the one thing they've been demanding – and it worked brilliantly
Business Insider· 2024-04-24 06:18
Elon Musk said Tesla will get cheaper electric vehicles out sooner.The move came after Tesla lowered prices due to falling sales and increasing competition.Tesla's first quarter was marked by fewer deliveries, layoffs, and a stock rout. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address By clicking “ ...
Elon Musk is throwing the distant dream of a 'sentient' Optimus robot at Tesla's shareholders
Business Insider· 2024-04-24 03:37
Elon Musk doesn't think Tesla should be viewed as just another auto company. Musk told investors on Tuesday that Tesla's Optimus robots are its most valuable asset."We should be thought of as an AI or robotics company," Musk said. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address By clicking “Sign U ...
Tesla's future is riding on Elon Musk believers
Business Insider· 2024-04-24 02:39
Tesla had a tough first quarter, reporting a drop in revenue during a Tuesday earnings call.But Tesla's woes are unlikely to deter its fervent fans from continuing to support the company. Tesla customers are among the strongest brand loyalists out there. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address ...
Elon Musk gave a vague answer when asked if he plans to step back at Tesla in the next 3 years
Business Insider· 2024-04-24 01:52
By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time.Access your favorite topics in a personalized feed while you're on the go. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewElon Musk didn't give a straight answer on Tuesday when asked if he plans to take a step back from Tesla in the coming years.The Tesla CEO was speaking on a call that followed the company's first- ...
Tesla is blaming struggling EV sales on hybrid craze
Business Insider· 2024-04-23 21:52
Tesla is blaming hybrids for stealing EV sales.Inexpensive hybrid cars have become a popular choice for green-car shoppers.That's a real problem for Tesla, which doesn't sell hybrids. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address By clicking “Sign Up”, you accept our Terms of Service and Privacy ...
Tesla just said it's going to launch cheaper EVs sooner than expected
Business Insider· 2024-04-23 21:42
Tesla says cheaper models are coming sooner than they'd planned.The news comes as the carmaker announced Q1 results and noted global EV sales are under pressure.CEO Elon Musk has long promised the launch of a $25,000 Tesla. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address By clicking “Sign Up”, you ...
Tesla just launched a new souped-up Model 3 as it battles slumping sales
Business Insider· 2024-04-23 21:11
Tesla unveiled an upgraded version of its Model 3 Performance sedan on Tuesday.Tesla said the new Model 3 has more power, reduced energy consumption, and improved handling.The announcement follows a decline in sales, layoffs, and a drop in Tesla's stock. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address ...
Tesla reveals what its Uber-like robotaxi app would look like
Business Insider· 2024-04-23 20:58
Tesla just gave us a peek at its planned ride-hailing interface.Elon Musk's company is emphasizing its self-driving and robotaxi businesses as EV demand softens.Tesla hasn't said when it would launch a ride-hailing service. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address By clicking “Sign Up”, you ...
Amazon just turned up the heat in the grocery wars with Walmart and Target
Business Insider· 2024-04-23 17:39
Amazon Prime members can now get unlimited grocery deliveries for $9.99 per month.Shoppers can get free delivery on orders over $35 from Amazon Fresh, Whole Foods, and more.The cost is still higher than comparable offerings from Walmart and Target. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address B ...
Tesla's chaotic layoffs leave employees nervous and wondering when the cuts will end
Business Insider· 2024-04-23 17:15
By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time.Access your favorite topics in a personalized feed while you're on the go. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewIn the wake of Tesla's mass layoffs last week, some workers who are still at the carmaker say they feel as if they've been left in limbo."I keep waiting for Elon to send another email and tell us ...