Tesla, xAI and Musk
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Troy Jones’s exit after 15 years is the latest departure at Elon Musk’s electric-car company.
Sales of Tesla’s Cybertruck have plummeted from their peak last year, to the point that the hulking (and expensive) GMC Hummer EV outsold the polarizing steel-clad curiosity in the second quarter.
The hype is dead. The Tesla Cybertruck, once billed as the future of electric vehicles, is now looking like a commercial bust.
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Ross Gerber told BI that "there's nothing good for Tesla" in Trump's budget bill, and the stock should be trading more in line with mega-cap peers.
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A federal court in Miami began considering Monday whether Elon Musk's car company should share blame for the death of a stargazing university student after a runaway Tesla sent her flying 75 feet through the air and severely injured her boyfriend.
With delivery estimated to start from the third quarter, Tesla will drive on to India's busy roads, targeting a niche premium EV segment that accounts for just 4% of overall sales in the world's third-largest car market.
Musk, never one to pass up the opportunity to showcase his juvenile sense of humor, quote-tweeted the image of the phallic geofence shortly afterwards and wrote “Bigger, longer and uncut” accompanied by a laughing emoji in an apparent reference to the South Park movie.
Instead, Tesla extended the wheelbase to 3,040mm, or 150mm (5.9 inches) longer than the five-seat Model Y. In addition to the added length, the new Y L gets unique wheels, an updated spoiler, new seats, and appears as though it’ll be available with a new gold paint color.
ARK Invest bought Tesla stock on Tuesday, about a week before the electric-vehicle maker reports second-quarter earnings.