Tesla’s new growth plan is centered around mysterious cheaper models
Tesla’s been undergoing some major changes, and now we have a sense of why: The company says it is upending its product roadmap because of “pressure” on EV sales. The new and accelerated plan now includes “more affordable models” that the company claims will be launched next year. Or if
Read MoreA cheaper Tesla is back on the menu
The Model 3 might get an affordable younger sibling in 2025. | Image: Tesla Tesla says it will build more affordable electric vehicles — perhaps as soon as 2025 — refuting recent reports that Tesla CEO Elon Musk had canceled plans for a cheaper “Model 2” vehicle in favor of
Read MoreTesla profits drop 55%, company says EV sales ‘under pressure’ from hybrids
Tesla profits fell 55% to $1.13 billion in the first quarter from the same year-ago period as a protracted EV price-cutting strategy and “several unforeseen challenges” cut into the automaker’s bottom line. Tesla reported revenue of $21.3 billion in the first quarter, a 9% drop from the first quarter of 2023.
Read MoreTesla launches new Model 3 Performance variant to rev up demand
Tesla has officially revealed a new Performance variant of the recently refreshed Model 3 sedan as the company looks to fight off receding demand. The new version of the Model 3, which starts at $52,990, has a new active damping system and adaptive suspension for better handling and comfort, 296
Read MoreTesla 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
Read MoreX is launching a TV app for videos ‘soon’
X, the company formerly known as Twitter, is launching a dedicated TV app for videos uploaded to the social network soon. X CEO Linda Yaccarino announced on Tuesday that the new app will bring “real-time, engaging content to your smart TVs.” The app’s interface looks quite similar to YouTube’s, as
Read MoreTechCrunch Minute: How Headspin’s founder fraudster almost get away with lying to investors
News that the former founder of HeadSpin is headed to prison for fraud was further evidence that the last boom in the paired worlds of startup and venture capital led to more than just a little bit of fraud. Manish Lachwani, founder in question, is getting prison time and a
Read MoreBringing down sky scrapers sky high carbon footprint With Joselyn Lai from Bedrock
Jocelyn Lai appeared on TechCrunch’s Found to discuss her company and its hopes of driving down the cost of a proven technology to address the climate crisis. © 2024 TechCrunch. All rights reserved. For personal use only.
Read MorePerplexity is raising $250M+ at a $2.5-$3B valuation for its AI search platform, sources say
Perplexity, the AI search engine startup, is a hot property at the moment. TechCrunch has learned that the company is currently raising at least $250 million more at a valuation of between $2.5 billion and $3 billion. The news comes on the heels of two other big fundraises that have
Read MoreFisker plans more layoffs as cash dwindles and bankruptcy looms
Fisker says it’s planning more layoffs less than two months after cutting 15% of its workforce, as the EV startup scrambles to raise cash to stay alive. Fisker expects to seek bankruptcy protection within the next 30 days if it can’t come up with that money, according to a U.S.
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