Core Viewpoint - Tesla is not retreating from the electric vehicle (EV) market but is instead leading it, maintaining its long-held aspirations despite challenges faced by other automakers [1][5]. Investment and Strategy - Tesla has committed to a significant $20 billion capital spending program, which includes investments in a lithium refinery in Texas, a lithium iron phosphate (LFP) battery factory in Nevada, and the Gigafactory in Texas for Cybercab production [4]. - These investments are aimed at supporting Tesla's vision for the future of the EV market, which aligns with the ambitions that many legacy automakers once promised [5]. Industry Context - Legacy automakers have struggled with their robotaxi developments, with companies like Ford and General Motors backing off from their initial plans, indicating a shift in their strategies due to weak sales performance [6][9]. - The failures of legacy automakers in the EV market are highlighted by significant financial writedowns, such as $19.5 billion at Ford and $27 billion at Stellantis, while Tesla holds a 46% share of the U.S. EV market compared to GM's 13% [9]. Tesla's Focus - Tesla's strategy differs from that of legacy automakers, as it aims to build out its robotaxi business, including the Cybercab, while also introducing lower-cost variants of its Model Y and Model 3 [12]. - The company's consistent focus on the EV market and its robotaxi ambitions reflects a belief in the potential of the sector, contrasting with the reset strategies of its competitors [13].

Core Viewpoint - Tesla's decision to discontinue the Model S and Model X is part of a strategic evolution towards a focus on autonomy rather than a retreat from the electric vehicle market [1][2]. Group 1: Production Decisions - The Model S and Model X are higher-cost models that do not significantly contribute to Tesla's sales, with only 4,000 units delivered in the last quarter, representing just 1.2% of total deliveries [4]. - The market is shifting towards lower-cost models, as evidenced by the decline in Model S/X sales and the production of more affordable versions of the Model 3 and Model Y [5]. - Tesla is reallocating production space at its Fremont factory, previously used for the S and X, to manufacture its Optimus robot as part of a $20 billion capital spending commitment by 2026 [6]. Group 2: Market Trends and Future Direction - The automotive industry is moving towards an autonomous future, with Tesla making gradual progress towards achieving autonomous robotaxis, unlike competitors who have struggled in this area [8]. - The cost dynamics of electric vehicles favor heavy usage, particularly in taxi applications, which will be enhanced by the introduction of dedicated robotaxi vehicles like the Cybercab [9]. - Discontinuing the Model S and Model X aligns with current market conditions and the overall direction of the EV market, marking a natural evolution in Tesla's business strategy [12].

US stock market surging big today: The US stock market is surging Friday after a 6-3 The market reversed early losses after the high court struck down most tariffs imposed under the International Emergency Economic Powers Act (IEEPA), ruling that the law does not authorize the president to impose broad import duties. The decision immediately boosted tech stocks, retail shares, and consumer-focused companies that had been facing higher import costs, particularly from China. Wall Street reacted to both reli ...

A federal judge in Miami denied Tesla's bid to toss out a $243 million verdict in a lawsuit that requires the automaker to compensate the family of a 2019 fatal Autopilot crash victim as well as a survivor.The collision, which occurred in Key Largo, Florida, killed 22-year-old Naibel Benavides and severely injured her boyfriend, Dillon Angulo. Tesla owner George McGee was driving his Model S sedan while using the company's Enhanced Autopilot, a partially automated driving system. During the trial, McGee sai ...

In Brief A judge has denied Tesla’s request to overturn a $243 million jury verdict that held the automaker partially responsible for a fatal crash involving its Autopilot driver assistance system.“The grounds for relief that Tesla relies upon are virtually the same as those Tesla put forth previously during the course of trial and in their briefings on summary judgment — arguments that were already considered and rejected,” Hon. Judge Beth Bloom’s decision reads. “Furthermore, Tesla does not present additi ...

A federal judge rejected Tesla’s request to overturn a $243 million jury verdict over the 2019 crash of an Autopilot-equipped Model S, which killed a 22-year-old woman and severely injured her boyfriend.In a decision made public on Friday, US District Judge Beth Bloom in Miami said the evidence at trial “more than supported” the August 2025 verdict, and Tesla raised no new arguments to set the verdict aside.Tesla, led by Elon Musk, is expected to appeal. Its lawyers did not immediately respond to requests f ...

Business celebrates win over Trump tariffs, but refunds will take time | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Item 1 of 2 A semi-truck drives past Chinese shipping containers at the Port of Los Angeles in Wilmington, California, U.S., November 5, 2025. REUTERS/Mike Blake/File Photo[1/2]A semi-truck drives past Chinese shipping containers at the Port of Los Angeles in Wilmington, California, U.S., November 5, 2025. REUTERS/ ...

Tesla unveiled a cheaper Cybertruck variant in the US late Thursday and slashed the price of its most-expensive model, Cyberbeast, as the electric-vehicle maker struggles to find buyers for its pickup trucks.The Cybertruck was touted by CEO Elon Musk as a futuristic competitor to mass market pickup trucks from legacy brands such as Ford, but multiple recalls and quality control issues plagued the car and turned prospective customers away.Tesla has now priced the new dual-motor, all-wheel-drive model at $59, ...

US judge upholds $243 million verdict against Tesla over fatal Autopilot crash | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Tesla logo is seen in this illustration taken July 23, 2025. REUTERS/Dado Ruvic/Illustration/File Photo [Purchase Licensing Rights, opens new tab]- Companies[Tesla Inc]FollowFeb 20 (Reuters) - A federal judge rejected Tesla's [(TSLA.O), opens new tab] request to pay $243 million to victims of a 2019 fatal c ...

Core Viewpoint - Tesla has introduced its most affordable Cybertruck model priced at $59,990, which is $20,000 less than the next cheapest model, but CEO Elon Musk suggests that this pricing may not last long [1] Pricing Strategy - The new dual-motor all-wheel-drive Cybertruck model is priced at $59,990 [1] - The price of the most expensive trim, the Cyberbeast, has been reduced from $114,990 to $99,990 [1] - Tesla also offers a premium all-wheel-drive Cybertruck starting at $79,990 [1] Market Performance - The Cybertruck has not met the popularity expectations set by the company, with pricing being a contributing factor [1]