Tesla has reduced the prices of its Model Y, Model X, and Model S in the US by $2,000 each, with the base Model Y now starting at $42,990 and the Model S Plaid starting at $87,990. The company announced that its current referral program benefits will end after April 30th. These changes come after a period of challenges for Tesla, including a Cybertruck recall, layoffs, and a decline in deliveries for the first quarter.
The Tesla Model Y is a battery electric mid-size crossover SUV produced by Tesla, Inc. since 2020. The vehicle was presented in March 2019 as the company's fifth production model since its inception after the Roadster, Model S, Model X and Model 3.After its 2019 introduction, the Model Y started production at the Fremont Factory in California, US in January 2020. Production at Giga Shanghai, China was added in December 2020, and at Giga Texas, US since late 2021. Deliveries from Giga Berlin, Germany started in March 2022.The Model Y is based on the Model 3 sedan, with around 76 percent of parts being shared between the two. While most Model Y are configured with two-row seating, in the US the Model Y offers optional third-row seats for a seven-passenger seating capacity.In 2023, Tesla delivered 1.2 million Model Ys, making it the world's best-selling vehicle that year, surpassing Toyota Corolla and becoming the first electric vehicle to claim that title. With at least 2.16 million units delivered since its start of production up to December 2023, the Model Y is also the most popular electric vehicle of all time.
Tesla, Inc. ( TESS-lə or TEZ-lə) is an American multinational automotive and clean energy company headquartered in Austin, Texas, which designs, manufactures and sells electric vehicles, stationary battery energy storage devices from home to grid-scale, solar panels and solar shingles, and related products and services.Tesla was incorporated in July 2003 by Martin Eberhard and Marc Tarpenning as Tesla Motors. The company's name is a tribute to inventor and electrical engineer Nikola Tesla. In February 2004 Elon Musk joined as the company's largest shareholder and in 2008 he was named CEO. In 2008, the company began production of its first car model, the Roadster sports car, followed by the Model S sedan in 2012, the Model X SUV in 2015, the Model 3 sedan in 2017, the Model Y crossover in 2020, the Tesla Semi truck in 2022 and the Cybertruck pickup truck in 2023. The Model 3 is the all-time bestselling plug-in electric car worldwide, and in June 2021 became the first electric car to sell 1 million units globally. In 2023, the Model Y was the best-selling vehicle, of any kind, globally.Tesla is one of the world's most valuable companies. In October 2021, Tesla's market capitalization temporarily reached $1 trillion, the sixth company to do so in U.S. history. In 2022, the company led the battery electric vehicle market, with 18% share. As of 2023, it is the world's most valuable automaker. Also in 2023, the company was ranked 69th in the Forbes Global 2000.Tesla has been the subject of lawsuits, government scrutiny, and journalistic criticism, stemming from allegations of whistleblower retaliation, worker rights violations, product defects, and Musk's many controversial statements.
The Tesla Model X is a battery electric mid-size luxury crossover SUV built by Tesla, Inc. since 2015. Developed from the full-sized sedan platform of the Tesla Model S, the vehicle notably uses falcon wing doors for passenger access.The Model X has an EPA size class as an SUV, and shares around 30 percent of its content with the Model S, half of the originally planned 60 percent, and weighs about 10 percent more. Both the Model X and Model S are produced at the Tesla Factory in Fremont, California. The prototype was unveiled at Tesla's design studios in Hawthorne, California on February 9, 2012. First deliveries of the Model X began in September 2015. After one full year on the market, in 2016, the Model X ranked seventh among the world's best-selling plug-in cars. A refresh of the Tesla Model X was introduced in 2021, offering a new "Plaid" performance model, along with a revised interior, powertrain, and suspension.As of September 2023, the Model X is available as a Long-Range version with an estimated EPA range of 348 miles (560 km) and a high performance "Plaid" version with an estimated EPA range of 333 miles (536 km).
The Tesla Model S is a battery electric executive car with a liftback body style built by Tesla, Inc. since 2012. The Model S features a battery-powered dual-motor, all-wheel drive layout, although earlier versions featured a rear-motor and rear-wheel drive layout.Development of the Model S began prior to 2007, under the codename "WhiteStar". The Model S was officially announced on June 30, 2008, and a prototype vehicle was unveiled in March 2009. The Model S debuted on June 22, 2012. A revised, dual-motor, all-wheel-drive version, known as the 60D, debuted on October 9, 2014. The 60D was followed by the 70D, which made dual-motor and all-wheel drive the standard, followed by the 85D, P85D, and P90D. Along with these updates, Tesla offered the Autopilot driving assistance system. The first major design refresh came in April 2016 when the Model S was updated with a new front hood design. In October of the same year, hardware became standard that supports Tesla's Full Self Driving (FSD) capability. As part of the update, integrated standard cameras around the car were added. In February 2017 the Tesla Model S P100D debuted, which included a revised motor and was the first electric vehicle to have an EPA estimated range exceeding 300 miles (483 km). The second major design refresh, codenamed "Palladium", was introduced in June 2021, offering a new "Plaid" performance model, along with a revised interior, powertrain, and suspension.The Model S became the first electric car to top the monthly new-car-sales ranking in any country, leading twice in Norway, in September and December 2013 and in Denmark in December 2015. Sales passed 250,000 units in September 2018. The Model S was the top-selling plug-in electric car worldwide in 2015 and 2016, although it was later surpassed by the Model 3. Upon its release, the Model S received positive reviews, with praise for its acceleration and range, although initial models received criticism for their high cost and braking issues.
Tesla's stock dropped below $150 per share, erasing gains from the past year due to declining sales and job cuts. The company's shares are down 12.4% for the week and over 39% for the year. Tesla also announced a 10% global workforce reduction of about 14,000 jobs and plans to reinstate Elon Musk's $56 billion pay package that was previously rejected by a Delaware judge. Analysts describe the first quarter sales numbers as an 'unmitigated disaster' amidst increased competition and slowing electric vehicle sales growth.
The Tesla Model 3 is a battery electric mid-size sedan with a fastback body style built by Tesla, Inc., first introduced in 2017. It is marketed as being more affordable to more people than previous models made by Tesla. The Model 3 was the world's top selling plug-in electric car for three years, from 2018 to 2020, before being knocked from the top spot by the Tesla Model Y, a crossover SUV based on the Model 3 chassis. In June 2021, the Model 3 became the first electric car to pass global sales of 1 million. In November 2021, new features were added such as a power-operated trunk, heated steering wheel, new center console similar to the Model Y's with two wireless phone chargers, chrome trim replaced with matte black trim, USB-C ports, and a heat pump.An upgraded Model 3 with revamped interior and exterior styling was introduced in late 2023 for countries supplied by Tesla's Shanghai, China factory, and then in North America and other countries supplied by the Fremont, California factory in early 2024.
Tesla reported net income of $7.93 billion in Q4 2023, more than double the previous year, but warned of lower sales growth for the year. Excluding one-time items, the company made $2.49 billion, down 39% from a year ago. Tesla's quarterly revenue was $25.17 billion, up 3% from a year earlier. The company's sales growth rate was slower than previous quarters, and full-year sales rose 37.7%, short of the 50% growth rate CEO Elon Musk predicted. Tesla also noted that Cybertruck deliveries will ramp up this year and that revenue growth from energy storage is expected to outpace the automotive business.
Tesla's owner agreement prohibits Cybertruck resale within a year, with violators facing fines or cancellations. Despite warnings, some owners list their vehicles for resale at high prices, risking cancellations and bans from future Tesla purchases. Dennis from Arizona, an IT manager, attempted to sell his Cybertruck for a hefty markup but faced consequences of canceled reservations and warnings from Tesla. Celebrities like Serena Williams and Spike Lee own the Cybertruck, which has a long waiting list. Tesla's pre-order agreement clearly states consequences for bad faith actions like resale attempts.
Tesla is recalling approximately 200,000 vehicles in the US over a software glitch that can prevent rearview cameras from displaying properly while the car is in reverse. The recall includes certain Model Y, Model S, and Model X vehicles from 2023. Tesla has processed 81 warranty claims related to the issue. The company has released an over-the-air software update to fix the glitch and customers will receive notification letters by March 22. Tesla is not aware of any crashes, injuries, or deaths associated with the malfunction.
Tesla, Inc., an electric vehicle manufacturer and clean energy company founded in San Carlos, California in 2003 by American entrepreneurs Martin Eberhard and Marc Tarpenning. The company is named after Serbian-American inventor Nikola Tesla. Tesla is the world's leading electric vehicle manufacturer, and, as of the end of 2021, Tesla's cumulative global vehicle sales totaled 2.3 million units.
Tesla is recalling almost all cars sold in America, totaling 2.2 million vehicles, including the Model S, Model Y, and Cybertruck, due to warning lights on the instrument panel being too small. Safety regulators found that the font size of the brake, park, and antilock brake warning lights did not meet federal safety standards, potentially making critical safety information difficult to read and increasing the risk of accidents. Additionally, an investigation into steering problems with over 334,000 Tesla vehicles is underway, with 115 complaints and more being received by the National Highway Traffic Safety Administration.
Tesla laid off some of its recruiters on Friday after announcing a more than 10% reduction in headcount, citing duplication of roles. Former employees revealed the layoffs anonymously, with uncertain numbers impacted. Executives Drew Baglino and Rohan Patel resigned the same day. The cuts align with slower demand for Tesla's electric cars, with stock down 35% in 2022. Tesla's next earnings report is scheduled for April 23, and the company has not yet commented on the layoffs.
Gigafactory Texas (also known as Giga Texas, Giga Austin, or Gigafactory 5) is an automotive manufacturing facility in Austin, Texas built by Tesla, Inc. Construction began in July 2020, limited production of Model Y began before the end of 2021, and initial deliveries of vehicles built at the factory took place at an opening party called “Cyber Rodeo” on April 7, 2022.The factory produces Model Y cars for the Eastern United States and is also planned to be the main factory for the Cybertruck and the company's next-generation vehicle. It also serves as the site of Tesla's corporate headquarters. Tesla employs over 20,000 people at the factory and expects to eventually have a staff of 60,000 as production ramps up. It is the country's second biggest factory by size as well as the second-largest building by volume in the world after the Boeing Everett Factory.
The tesla (symbol: T) is the unit of magnetic flux density (also called magnetic B-field strength) in the International System of Units (SI). One tesla is equal to one weber per square metre. The unit was announced during the General Conference on Weights and Measures in 1960 and is named in honour of Serbian-American electrical and mechanical engineer Nikola Tesla, upon the proposal of the Slovenian electrical engineer France Avčin.
Tesla has halted production, sales, and deliveries of its newest vehicle, the Cybertruck, due to a safety issue with the accelerator pedal getting stuck when pressed down. This problem has led to a suspension of deliveries for some customers, with reports of the pedal cover coming loose and causing the vehicle to accelerate uncontrollably. Complaints from Cybertruck owners include issues with build quality, braking, and acceleration.
Tesla, led by Chair Robyn Denholm, is asking shareholders to reapprove a $56 billion pay package for CEO Elon Musk after it was initially rejected by a US judge. Denholm stated that the board supports the original deal, believing in big risks for big rewards. Shareholders will also vote on relocating Tesla's corporate home to Texas. The company recently faced challenges with falling vehicle deliveries and share prices. Musk's compensation package was voided in January, with legal experts questioning Tesla's attempt to restore it through a shareholder vote.
Tesla has recalled 3,878 Cybertruck models as the accelerator pedal is at risk of getting stuck, following a viral video showing a loose rubber cover pinning the pedal down. Sales were temporarily halted after contact from the NHTSA. The EV maker will replace or repair the assembly for affected owners.
Tesla is recalling 3,878 Cybertrucks made between Nov 13 and April 4 due to concerns that their accelerator pedal pads may dislodge and become stuck, potentially causing crashes. The National Highway Traffic Safety Administration announced the recall, with Tesla to replace or repair the affected parts free of charge. No injuries or accidents have been reported due to the issue. This recall follows a previous one for warning light size discrepancies in Teslas U.S.-sold vehicles.
The Tesla Cybertruck is a battery electric full-size pickup truck built by Tesla, Inc. since 2023. Introduced as a concept vehicle in November 2019, it features a triangular body design with flat sheet metal panels made of stainless steel.Tesla was initially aiming to bring the vehicle into production in 2021. After a series of delays, production Cybertrucks were first delivered to customers in late November 2023. As of December 2023, the Cybertruck is available only in North America. Three models are offered: the tri-motor all-wheel drive (AWD) "Cyberbeast", a dual-motor AWD model, and a rear-wheel drive (RWD) model, with EPA range estimates of 250–340 miles (400–550 km), varying by model.
Tesla most commonly refers to:Nikola Tesla (1856–1943), a Serbian-American electrical engineer and inventorTesla, Inc., an American electric vehicle and clean energy company, formerly Tesla Motors, Inc.Tesla (unit) (symbol: T), the SI-derived unit of magnetic flux densityTesla may also refer to:
GMC is set to release the Sierra EV Denali Edition 1 with a driving range of 440 miles, 754 horsepower, and a max towing capacity of 10,000 pounds. Priced at $97,500, it outperforms competitors like the Tesla Cybertruck with a 10% increase in range and beats other electric pickups in the market. Despite a slowdown in demand for costly EVs, GMC plans to launch the Denali Edition 1 this summer, with deliveries starting at $99,495. GMC aims to lead the electric truck market with increased range and features like the 'CrabWalk' diagonal drive feature.
Some laid-off Tesla workers received new severance offers that included more money and longer coverage of benefits on Thursday night. It continues a tumultuous week for Tesla workers, some of whom missed the layoff email before heading to work on Monday and only realized they were out of a job after a badge scan from security. Others told Business Insider they didn't receive any severance information within the 48 hours Tesla had said to expect it. Tesla CEO Elon Musk appeared to acknowledge the company had initially sent out faulty severance packages. On Wednesday, Musk sent a companywide email to current Tesla employees saying that "some severance packages are incorrectly low" and the company was working to correct the mistake.
The Ford Model Y is an automobile that was produced by Ford Britain, Ford SAF and Ford Germany from 1932 to 1937. It was the first Ford automobile specifically designed for markets outside the United States, replacing the Model A in Europe.
Tesla is recalling all 3,878 newly manufactured Cybertrucks to fix a defective pedal pad that could cause accelerator pedals to get stuck in the depressed position. The issue originated from using soap as a lubricant during production, leading to the accelerator getting trapped. No injuries or crashes have been reported, and a temporary fix involves installing a rivet on the pad. The recall highlights concerns about the Cybertruck's manufacturing process and potential design flaws, impacting Tesla's stock performance and raising questions about the future of the unique vehicle.
Nikola Tesla (; Serbian Cyrillic: Никола Тесла, [nǐkola têsla]; 10 July [O.S. 28 June] 1856 – 7 January 1943) was a Serbian-American inventor, electrical engineer, mechanical engineer, and futurist. He is known for his contributions to the design of the modern alternating current (AC) electricity supply system.Born and raised in the Austrian Empire, Tesla first studied engineering and physics in the 1870s without receiving a degree. He then gained practical experience in the early 1880s working in telephony and at Continental Edison in the new electric power industry. In 1884 he emigrated to the United States, where he became a naturalized citizen. He worked for a short time at the Edison Machine Works in New York City before he struck out on his own. With the help of partners to finance and market his ideas, Tesla set up laboratories and companies in New York to develop a range of electrical and mechanical devices. His AC induction motor and related polyphase AC patents, licensed by Westinghouse Electric in 1888, earned him a considerable amount of money and became the cornerstone of the polyphase system which that company eventually marketed.Attempting to develop inventions he could patent and market, Tesla conducted a range of experiments with mechanical oscillators/generators, electrical discharge tubes, and early X-ray imaging. He also built a wirelessly controlled boat, one of the first ever exhibited. Tesla became well known as an inventor and demonstrated his achievements to celebrities and wealthy patrons at his lab, and was noted for his showmanship at public lectures. Throughout the 1890s, Tesla pursued his ideas for wireless lighting and worldwide wireless electric power distribution in his high-voltage, high-frequency power experiments in New York and Colorado Springs. In 1893, he made pronouncements on the possibility of wireless communication with his devices. Tesla tried to put these ideas to practical use in his unfinished Wardenclyffe Tower project, an intercontinental wireless communication and power transmitter, but ran out of funding before he could complete it.After Wardenclyffe, Tesla experimented with a series of inventions in the 1910s and 1920s with varying degrees of success. Having spent most of his money, Tesla lived in a series of New York hotels, leaving behind unpaid bills. He died in New York City in January 1943. Tesla's work fell into relative obscurity following his death, until 1960, when the General Conference on Weights and Measures named the International System of Units (SI) measurement of magnetic flux density the tesla in his honor. There has been a resurgence in popular interest in Tesla since the 1990s.
Tesla has some of the best solar shingles on the market. But it'll cost much more than installing regular solar panels. Tesla is best known for its electric cars but has also become one of the largest solar panel installers in the US. However, one of Tesla's newest solar innovations, the Tesla Solar Roof provides an alternative way to get solar on your roof, by making solar part of your roof. While it doesn't quite look like a regular roof, Tesla's Solar Roof is definitely more discreet than traditional rooftop solar panels .
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