Tesla Inc. has raised prices in a range of up to $290 in Canada, China, Japan, and the United States, its website showed on Monday, after the company slashed prices of its top-selling vehicles since the start of the year. The hike was the first on its two top-selling models at the same time in…
Tesla Raises Prices in US, China, Japan, and Canada
May 2, 2023
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Musk Discusses Artificial Intelligence With Schumer on Capitol Hill
April 27, 2023
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Tesla CEO Elon Musk met with Senate Majority Leader Chuck Schumer (D-N.Y.) on Capitol Hill on April 26, and the two talked about artificial intelligence (AI) and electric vehicles. “We talked about the future,” Musk told reporters after finishing his meeting, which lasted about an hour. “We talked about AI and the economy.” Schumer told…
Tesla Raises 2023 Spending Forecast as It Races to Ramp up Output
Tesla Inc. raised its capital expenditure forecast for 2023 on Monday as the automaker ramps up output at its factories to take advantage of the rising interest in electric vehicles. The company, led by Elon Musk, said in a filing that it expects to spend between $7 billion and $9 billion this year, higher than…
GM, Ford Strive to Convince Investors: No Price War With Tesla
DETROIT—Detroit automakers General Motors Co. and Ford Motor Co. will try to convince Wall Street when they release first-quarter earnings this week that they will not be dragged into a price war with electric vehicle maker Tesla Inc.. So far, investors remain unconvinced. Shares in GM are down more than 20 percent from their 2023…
Tesla Wins Bellwether Trial Over Autopilot Car Crash
April 22, 2023
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LOS ANGELES—A California state court jury on Friday handed Tesla Inc. a sweeping win, finding the electric vehicle maker’s Autopilot feature did not fail in what appeared to be the first trial related to a crash involving the partially automated driving software. Tesla has been testing and rolling out its Autopilot and more advanced “Full…
Tesla Hikes US Prices Days After 6th Price Cut This Year
Tesla Inc. raised the U.S. prices for its Model S and X premium electric vehicles, according to its website on Thursday, although they are still 20 percent lower than the start of the year after a slew of price cuts to drum up demand. Tesla has been slashing prices globally since January, including as many…
Musk Says Tesla Will Put Sales Growth Ahead of Profit
Tesla Inc. boss Elon Musk on Wednesday doubled down on the price war he started at the end of last year, saying the electric vehicle (EV) maker would prioritize sales growth ahead of profit in a weak economy. The company posted its lowest quarterly gross margin in two years, missing market estimates, as it slashed…
Musk Says Tesla Likely to Launch Full Self-Drive Technology ‘This Year’
SAN FRANCISCO—Elon Musk said on Wednesday that electric vehicle (EV) giant Tesla likely will launch full self-drive technology this year and generate significant profits that offset some of the margin pressure it’s facing due to aggressive price cuts. “I hesitate to say this but I think we’ll do it this year,” said Tesla CEO Musk,…
Tesla Cuts US Prices for 6th Time This Year
Tesla Inc. cut prices for some of its Model Y and Model 3 vehicles in the United States for the sixth time this year to juice demand as competition among electric-vehicle makers heats up around the world. The cuts came ahead of Tesla’s first-quarter earnings. Tesla on Wednesday posted its lowest quarterly gross margin in two…
NTD Business (April 19): Biden Tax Credits Benefit the CCP: Hearing; Teen Dies After TikTok Benadryl Challenge
April 19, 2023
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There may be a possible breakthrough in the debt limit deadlock. House Speaker Kevin McCarthy unveils a new plan to raise the debt ceiling—and demands spending cuts at the same time. A tragic death has occurred after a popular TikTok challenge. What exactly happened? The Biden administration’s tax code could be subsidizing the Chinese Communist…
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