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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...

  • Tesla cuts prices around the world as sales decline in a chaotic week

    Global vehicle deliveries fall for first time in four years amid growing competition, while Cybertruck faces recallTesla slashed prices of three of its five models in the US late on Friday, then went on to cut prices around the globe – including in China and Germany – as the company faces falling sales, a Cybertruck recall and an intensifying war for electric vehicles (EVs).On Friday, the company, led by the billionaire Elon Musk, cut the prices of the Model Y, a small SUV that is Tesla’s most...

  • 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.