Tesla Inc. has introduced a temporary car insurance subsidy of 8,000 yuan (approximately $1,100) for new Model 3 vehicle purchases in China. This move is likely an attempt to boost demand for the company’s cheapest offering.
Figure AI Cuts Ties with OpenAI, Teases Revolutionary Humanoid Reveal
Robotics company Figure AI has announced that it will be ending its collaboration agreement with OpenAI. This decision comes after the company achieved a major breakthrough in its in-house robot AI. Brett Adcock, the CEO of Figure AI, made this announcement on social media, stating that the company is excited to reveal something revolutionary in the next 30 days.
Tesla Earnings Expected to Disappoint in 2025 Amid Dependence on Car Sales
The automotive industry is abuzz with the latest news from Tesla, the electric vehicle (EV) giant. Despite its reputation as a pioneer in the EV market, Tesla’s dependence on car sales is expected to lead to disappointing earnings in 2025. In this article, we will delve into the reasons behind this forecast and what it means for the company’s future.
Tesla Unveils Affordable Cybertruck Option in Canada Amid Foundation Series Price Hike
Tesla has launched its non-foundation series Cybertrucks in Canada, offering a more affordable option for customers. The lower-priced all-wheel drive variant starts at C$114,990 (approximately $79,759), while the more premium Cyberbeast variant starts at C$142,990.
Tesla Cybertruck Sales May Collapse in 2025, Analyst Warns
Researcher Troy Teslike expects Tesla to sell only 21,000 Cybertrucks in 2025, a significant decrease from the sales in 2024. This forecast is much lower than the estimated 65,000 units predicted by Wall Street analysts.
Cybertruck Price Slashed with New $7,500 Tax Incentive
Tesla customers can now benefit from a $7,500 federal EV tax credit on Cybertruck purchases, provided they meet the eligibility criteria.
California EV Sales Slump: Tesla Registrations Drop for Fifth Consecutive Quarter
Electric vehicle giant Tesla Inc. has experienced a significant decline in vehicle registrations in California, with a total of 203,221 registrations in 2024. This represents a nearly 12% decrease from the previous year.
Chanos Criticizes Tesla's Subsidies Amid $7,500 Cybertruck Incentive
Prominent Wall Street short seller Jim Chanos has criticized Tesla Inc. for receiving billions in federal subsidies. This criticism comes as Tesla’s Cybertruck is now eligible for a $7,500 federal tax incentive, with a starting price of $72,490.
Elon Musk's Trump Endorsement Backfires: Tesla Sales Plummet 12% in California
The electric vehicle market in the United States saw a record 1.3 million units sold in 2024. However, market leader Tesla experienced pressure, with its first annual delivery decline. A new report reveals that California, the largest market for electric vehicles in the U.S., has seen a decline in Tesla model registrations.
Tesla Stock Sees Monday Movement: What's Behind the Shift?
Tesla, Inc. shares are trading lower following the announcement that tariffs on all products from Canada, Mexico, and China will take effect.