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The Latest Breaking News from Tesla Inc.

Electric Vehicle Stocks Take a Beating Following Tesla’s Price Cut

While electric vehicles may be the future of transportation, the sector may suffer from a war of attrition following Tesla’s decision to cut prices for its EVs.

Barchart

Markets Today: Stock Index Futures Pressured by Weak Tech Stocks

Morning Markets June S&P 500 futures (ESM2 3) this morning are down -0.78%, and June Nasdaq 100 E-Mini futures (NQM2 3) are down -0.94%. U.S. stock index futures this morning are moderately lower. Weakness in technology stocks is a drag on the overall market, with Tesla down more than -7%...

Barchart

Spain: Plug-in Car Sales Surged To New Record In Q1 2023

Plug-in electric car sales increase pretty quickly in Spain, reaching new record levels of 10,666 in March (up 63.5% year-over-year) and 26,522 in Q1 (up 47%).

InsideEVs

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Tesla Provides Cybertruck Updates, Production Line Images

Elon Musk has been promising the Cybertruck is finally coming to market this year, but there are many missing details. Tesla did share production line images.

InsideEVs

Tesla Cybertruck Handover Event Expected In Q3 2023: Elon Musk

Elon Musk also said Cybertruck reservation holders are likely to get an update on the truck's specifications and pricing at the delivery event.

InsideEVs

Tesla commits to price-cutting strategy despite drop in profits

Electric vehicle maker Tesla reported a 24 percent rise in revenue in the first quarter of the year, while also seeing a 24 percent drop in profits. This follows a price-cutting drive in order to gain more market share in an increasingly competitive industry. Also in this edition, the Republican…

France 24

Angry again: how Last Action Hero's incredible soundtrack helped keep metal alive in the 90s

Megadeth, Anthrax, Alice In Chains, Queensrÿche... Schwarzenegger's Last Action Hero may have flopped with critics, but 30 years on, its soundtrack is an absolute classic

Metal Hammer

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Stock market today: Asian shares trading mostly lower

Shares are mostly lower in Asia in narrow trading after they barely budged again on Wall Street following a mixed batch of earnings reports from big U.S. companies

The Independent UK

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.

Bangkok Post

Tesla misses estimates as price cuts squeeze profit margins

Tesla Inc. missed first-quarter profit estimates after a series of price cuts designed to boost demand squeezed margins.

Tribune News Service

How To Take Advantage of New EV Tax Credits in the U.S.

Rules outlined in the Inflation Reduction Act just made it a lot more difficult to claim the $7,500 tax credit on new EVs.

Inverse

Tesla Q1 2023 Earnings Report: Profitable Again, Strong Margins Despite Price Cuts

Tesla just released its positive Q1 2023 earnings report. See more details on Tesla's financial situation right here.

InsideEVs

First-Time Tesla Semi Driver From Pepsi Shares Details

A driver of a Tesla Semi wearing Pepsi branding was parked in a neighborhood and answered some questions about his first day driving the EV.

InsideEVs

Elon Musk mocked for telling Tucker Carlson ‘birth control and abortion’ may lead to collapse of civilisation

The Tesla CEO has long shared his stance on procreation and population decline posing a threat to civilisation

The Independent UK

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Barchart

Unusual Activity in Tesla Call Options Shows Bullish Outlook

Barchart reports today an investor bought a large number of out-of-the-money call options in Tesla stock expiring 7 months from now. This shows they have a bullish outlook in TSLA stock.

InsideEVs

Germany: Plug-In Car Sales Decreased 1% In March 2023

In March, the plug-in electric car segment in Germany noted a slight decline of 1.4 percent year-over-year to 60,901 registrations.

InsideEVs

Rivian To Open Its EV Charging Network To The Public

Rivian is following Tesla by deploying a proprietary network of DC fast chargers and Level 2 chargers, and it's moving more quickly than you might expect.

Barchart

Tesla’s Price Cuts Could Hurt Profit Margins

The markets eagerly await Tesla’s (TSLA ) quarterly earnings results after the markets close today for clues about how the company’s price cuts have impacted profit margins. The recent price cuts by Tesla have prompted analysts to cut their Q1 gross margin estimates on the stock by about 20% since...

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Inverse

Hyundai Ioniq 6 Drive: Tesla Model S Range at Model 3 Pricing

An emphasis on aerodynamics makes Hyundai’s Ioniq 6 electric sedan a winner in looks, range, and pricing.

InsideEVs

Tesla's New Battery Pack Assembly Line Coming Together In Fremont

You can't produce EVs without battery packs. Tesla has been a leader in ensuring it has the cells and packs it needs. Filings reveal progress on its new line.

InsideEVs

Elon Musk May Have Been Right, His Tesla Model Y Guess Could Come True

Tesla's Elon Musk predicted that the Model Y would become the best-selling car in the world. Of course, people said he was crazy, but it may happen this year.

InsideEVs

Estimated Tesla Order Backlog Slightly Decreased: 102,000 On March 31, 2023

The estimated Tesla global electric car order backlog remains relatively stable in the early 2023, with slight signs of a decrease.

InsideEVs

US: Tesla Reduced Model 3/Model Y Prices Again By $2,000-$3,000

For the second time this month, Tesla applied price reductions on some of its electric cars in the US, bringing Model 3 and Model Y prices to an even lower level.

InsideEVs

Tesla And Other EV Makers Could Disrupt US Agricultural Market

The US produces around a third of the global corn supply, and over 40% of that corn crop is used for ethanol production. EVs mean a decreasing need for ethanol.

InsideEVs

France: Plug-In Car Sales Reached New Record In March 2023

In March, some 48,707 new plug-in vehicles were registered in France (up 48%), including 46,357 passenger cars (up 47%), which represented 25.4% of the market.

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