Tesla knocked $2,000 off the prices of three of its five models in the United States late Friday, another sign of the challenges facing the electric vehicle maker led by billionaire Elon Musk. The company cut the prices of the Model Y, a small SUV which is Tesla's most popular model and the top-selling electric vehicle in the U.S., and also of the Models X and S, its older and more expensive models. The move came the day after Tesla's stock tumbled below $150 per share, eliminating all gains made over the past year...
Continue ReadingTesla cut Model Y, S and X prices by $2,000 with earnings due Tuesday night. But effective Model Y prices are still up sharply vs. a few days ago...
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Continue ReadingThe United Auto Workers has made history by winning its first unionization vote at an auto factory in the U.S. South. Now it needs to prove the success wasn't a fluke by pulling off a second victory at a Mercedes plant in Alabama next month. UAW representatives at the VW plant also will have to show their mettle by negotiating a contract that gives workers what they have fought for - better benefits, improved safety on the job and a greater work-life balance...
Continue ReadingTSLA stock has plunged as Elon Musk's robotaxi push raises fears about future growth. The Q1 earnings call will be key...
Continue ReadingThe current price cuts could cost Tesla about $200 million in second-quarter sales revenue—if the cuts only happen in the U.S. Investors will have to see if more cuts around the globe follow. Price cuts, however, are designed to boost sales. Initial price cuts appeared to help...
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