After four years since its initial unveiling and amidst delays and controversies, Tesla’s highly anticipated Cybertruck has finally reached the hands of approximately a dozen customers. However, the original base-model price of $39,900 announced in 2019 has seen a notable increase of over 50%, now standing at $60,990. Elon Musk, Tesla’s CEO, initially claimed in…
Elon Musk, CEO of Tesla, marked the long-awaited delivery of the Cybertruck, which was first unveiled four years ago. Despite the flashy event, the new price revealed on Tesla’s website stirred discussions, as the Cybertruck comes with a higher price tag than initially discussed. The starting price for the Cybertruck is $60,990 before federal tax…
Chinese tech giant Huawei has entered the electric vehicle (EV) market to rival Tesla with the introduction of its first sedan, the Luxeed S7. The company, known for its technological prowess, has partnered with Chinese automaker Chery for this venture, marking a shift from its previous focus on SUVs. Preorders for the Luxeed S7 commenced…
Toyota, one of the world’s leading automakers, has announced its decision to switch to Tesla’s charging standard for its electric vehicles (EVs) sold in the United States. Starting in 2025, all Toyota EVs in the US will be equipped with charging ports compatible with Tesla’s North American Charging Standard (NACS), replacing the current Combined Charging…
Two automotive giants, BMW and Mercedes-Benz, have embarked on their most substantial foray into the electric vehicle (EV) market, aiming to counter the escalating competition from Chinese automakers and catch up with the U.S. powerhouse, Tesla. This significant development unfolded recently during the IAA Mobility motor show held in Munich, Germany, where both companies unveiled…
U.S. highway safety regulators are launching an investigation into a potentially hidden feature within Tesla’s Autopilot software. This feature, informally referred to as “Elon mode,” can reportedly disable the safety prompts that remind drivers to keep their hands on the steering wheel. Authorities are now seeking information from Tesla regarding whether consumers could exploit this…
As Tesla’s anticipated production launch of the Cybertruck draws near, the electric automaker’s testing program has brought an unexpected incident to light. A Cybertruck release candidate was found stranded on the side of the road, hinting at potential technical challenges that the company is ironing out before the start of deliveries. Tesla has been extensively…
Tesla, the electric vehicle (EV) giant, has reported a significant increase in profits, surpassing analysts’ expectations despite implementing price cuts that affected its revenue per vehicle sold. In the second quarter, Tesla reported adjusted earnings of $3.1 billion, or 91 cents a share, representing a 20% increase compared to the same period last year. Analysts…
In one of the largest shareholder settlements of its kind, Tesla directors have agreed to return $735 million to the company to resolve claims of grossly overpaying themselves. According to a court filing in a Delaware court on Monday, the settlement stems from a 2020 lawsuit brought by a retirement fund holding Tesla (TSLA) stock,…
Tesla has finally completed the construction of its first Cybertruck, according to a tweet posted by the electric car company on Saturday. The long-awaited Cybertruck was built at Tesla’s Gigafactory near Austin, Texas, as depicted in the image shared in the tweet, showing workers wearing hard hats surrounding the sleek vehicle. The prototype for the…
