Tesla: EV giant cuts prices in major markets as sales fall
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Tesla among electric carmakers forced to cut prices as market stalls
EV sales have plateaued across the world but the newfound glut of vehicles may just be temporaryElon Musk became the world’s richest man by evangelising about electric cars – and delivering them by the million. Yet in recent months his company, Tesla, has struggled to maintain its momentum: sales have dropped this year, and so has its share price.Those struggles have become emblematic of a broader reckoning facing the electric vehicle (EV) industry. After the soaring demand and valuations of the...
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Tesla earnings week spotlights EV price cuts, 'balls to the wall' autonomy push
Tesla investors, still digesting a 43% drop in share price since the beginning of the year, are gearing up for what will likely be unimpressive financial results for the first quarter and a shift in priorities for CEO Elon Musk, who is making more moves to go “balls to the wall for autonomy.” Tesla is expected to […] © 2024 TechCrunch. All rights reserved. For personal use only.
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Toyota 3-row EVs, Tesla price cuts, electric G-wagen, airless tires: The Week in Reverse
Which automaker priced its hardware set allowing its EVs to back up the home? Which EV brand has the lowest ownership costs of any automotive brand? This is our look back at the Week In Reverse—right here at Green Car Reports—for the week ending April 26, 2024. The Tesla Model Y undercuts the Model 3 by $5,000—for those who are EV tax