Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker.
Read More Exclusive: Tesla scraps low-cost car plans amid fierce Chinese EV competitionTag: Cybertruck
Tesla quarterly deliveries fall for the first time in nearly four years
The Elon Musk-led company’s shares fell 5.3% in early trading and were on track to lose about $30 billion in market value.
Read More Tesla quarterly deliveries fall for the first time in nearly four yearsUS auto safety agency upgrades probe into Tesla power steering loss
U.S. safety regulators have upgraded their probe into Tesla vehicles over power steering loss to an engineering analysis.
Read More US auto safety agency upgrades probe into Tesla power steering lossExclusive: Tesla plans to build new electric vehicles in mid-2025
Tesla has told suppliers it wants to start production of a new mass market electric vehicle codenamed “Redwood.”
Read More Exclusive: Tesla plans to build new electric vehicles in mid-2025Tesla Cybertruck deliveries hostage to battery production hell
One of the main bottlenecks for Tesla is the speed it can make the 4680 batteries used in the Cybertruck with its new dry-coating technology.
Read More Tesla Cybertruck deliveries hostage to battery production hellTesla falls on long wait for Cybertruck payoff, hefty price tag
Tesla shares fell about 2% after the highly anticipated launch of its Cybertruck left analysts concerned about the EV’s steep price tag and a longer wait for significant financial payoff.
Read More Tesla falls on long wait for Cybertruck payoff, hefty price tag