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☆ Any hope for a cheaper Tesla model may be on hold for now. But how about a Tesla taxi for your troubles?
▼ + stars: | 2024-04-22 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

Elon Musk teased details about a cheaper Tesla model just a few months ago. Bloomberg reported Tesla has shifted to robotaxis, which Musk said will be revealed in August. AdvertisementIf EV consumers were looking for a cheaper Tesla in the immediate future, that hope may have to be put on hold for now. One source told the outlet the timeline for a prototype rollout and production capacity for robotaxis is getting priority over a cheaper Tesla model. AdvertisementFor now, the cheaper Tesla appears to have been put on the back burner.

Persons: Elon Musk, Tesla, Musk, —, Tesla hasn't Organizations: Bloomberg, Service, Reuters Locations: robotaxis, Tesla's

☆ Tesla shares slide to 15-month low ahead of earnings, as Wall Street frets over price cuts, layoffs
▼ + stars: | 2024-04-22 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +4 min

Tesla shares fell for a seventh straight day, reaching their lowest since January 2023, as further price cuts over the weekend added to mounting concerns heading into the company's first-quarter earnings report Tuesday. Tesla also lowered the price of its premium driver assistance system by one-third. The price cut follows a monthlong free trial that Tesla pushed out to customers throughout North America starting in late March. "Since late 2023, sentiment on Tesla (TSLA) has deteriorated," John Murphy, an analyst at Bank of America, wrote in a note on Monday. WATCH: Tesla stock hits 52-week low ahead of earnings

Persons: Elon Musk, Tesla, John Murphy, Murphy, Joseph Spak, Spak, — CNBC's Michael Bloom Organizations: New York Times, Jazz, Lincoln Center, North America, National, Traffic Safety Administration, CNBC, Bank of America, Reuters, UBS, EV, Traders, S3 Partners, Apple Locations: New York City, U.S, China, Europe

☆ Tesla is stuck in the mud
▼ + stars: | 2024-04-17 | by ( Graham Rapier | ) www.businessinsider.com time to read: +5 min

In all, Tesla said it would cut more than 10% of its workforce, amounting to more than 14,000 people. Tesla is also losing some key top executives: Drew Baglino and Rogan Patel announced this week they would leave the company. AdvertisementIt's unclear what, exactly, Tesla plans to show off in August as a self-driving, revenue-generating new product. He also reportedly said Tesla robotaxis would be able to do 100 hours of work a week for their owners. According to Reuters, Tesla has ended plans for another one of Musk's longtime pet projects: a truly affordable EV.

Persons: —, Elon Musk, Tesla, Drew Baglino, Rogan Patel, Baglino, Patel, Musk, Ryan Brinkman, Kelley, Adam Jonas Organizations: Service, Business, CNBC, Reuters, JPMorgan, US Locations: China, Europe, Asia, Mexico

Tesla CEO Elon Musk arrives for a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C., Sept. 13, 2023. Companies often see their stock price jump after announcing job cuts, as Wall Street rallies around the prospects for improved efficiency and profits. In 2022, the stock plunged 9% on initial reports around layoffs but recovered after Musk made clarifying comments days later. In China, Tesla has faced an onslaught of competition from domestic EV makers, including BYD and the phone maker Xiaomi. Prior to the layoffs, Tesla had been cutting prices and providing other buyer incentives, leading to likely margin erosion.

Persons: Elon Musk, that's, Musk, Tesla, FSD Organizations: U.S, Senate, Intelligence, Capitol, Washington , D.C, Tesla Locations: Washington ,, China, U.S

☆ Elon Musk once said Tesla's FSD would only get more expensive. The automaker just slashed the price to $99 a month.
▼ + stars: | 2024-04-13 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +1 min

Tesla slashed the price of its assisted driver software, FSD Supervised, from $199 to $99 a month. Elon Musk once said the cost of Tesla's FSD would only increase as it improves. AdvertisementTesla announced a price cut for its assisted driver software on Friday amid lower-than-expected vehicle sales for the first quarter of 2024. A subscription to Tesla's Full-Self Driving software — now called FSD (Supervised) to remind drivers that the system requires their attention at all times — is now being offered for $99 a month, down from $199 a month. This story is available exclusively to Business Insider subscribers.

Persons: Tesla, FSD, Elon Musk, — Organizations: Service, Business

☆ Tesla slashes price of its premium driver assistance option by half in U.S.
▼ + stars: | 2024-04-12 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +4 min

Tesla said on Friday that it's cutting the subscription price of its premium driver assistance system for customers in the U.S. Marketed as its Full Self-Driving, or FSD, package, Tesla customers will now pay $99 per month, down from $199 previously. "The FSD price will continue to rise as the software gets closer to full self-driving capability with regulatory approval," Musk wrote on Twitter, now known as X, on May 18, 2020. Despite its brand name, the company's FSD option today doesn't make Tesla vehicles autonomous or functional as robotaxis. Tesla didn't respond to a request for more information, including whether the price cut announced Friday is permanent or temporary.

Persons: Tesla, Elon Musk, Musk, Uber, Bill Gates, Amazon's, FSD, didn't Organizations: Twitter, California Department of Motor Vehicles, Companies, Tesla Locations: U.S, China, Guangzhou, North America

☆ A robotaxi isn't enough to fix Tesla's problems, analyst says. Here's what Elon Musk needs to do.
▼ + stars: | 2024-04-12 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

Related storiesTesla's Full Self-Driving software beta, or FSD, is currently classified as "level two" in an industry standard that goes up to six. Musk has also talked up the value of a more affordable TeslaMusk has also touted the importance of a cheaper Tesla model for years. "This has always been our dream, from the beginning of the company," Musk said during Tesla's "Battery Day" presentation in 2020. As the lack of low-cost options turns some customers off from making the switch to EV vehicles, Tesla has experienced decreased demand. With the ongoing issues surrounding Tesla's margins and demand, the analysts said Musk needs to "regain confidence in the eyes of the Street."

Persons: —, Elon Musk, Tesla, Musk, It's, Apple, Didi, Martin Eberhard, Eberhard Organizations: Service, Business, Reuters, Teslas, Baidu, Tesla, Tesla's Locations: Los Angeles, Bay, California, China

☆ Here are Wednesday's biggest analyst calls: Nvidia, Tesla, Exxon, Coinbase, Cava, Alphabet, Amazon, Block & more
▼ + stars: | 2024-04-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Bank of America reiterates Nvidia as buy Bank of America said it's sticking with the stock as a top pick. Mizuho reiterates Block as buy Mizuho raised its price target on the payment company to $106 per share from $99. Bank of America reiterates Coinbase as underperform. Bank of America reiterates Alphabet as buy Bank of America said "AI innovation [was] on display" at the company's Google Cloud Next event. " Deutsche Bank reiterates Amazon as buy Deutsche said the company is a top pick heading into earnings. "

Persons: Morgan Stanley, Piper Sandler, Tesla, Piper, Zillow, Jefferies, Mizuho, Goldman Sachs, Goldman, TD Cowen, Cowen, William Blair, Vital, Canaccord, Truist Organizations: NVIDIA, " Bank of America, Nvidia, Bank of America, Jefferies, Mizuho, SEC, Barclays, Google, Citi, Pharma, Chevron, Exxon, Vital, Argus, Motors, of America, Deutsche Bank, Amazon, Deutsche, E Corp, National, CN Locations: FCFS, Cava, CAVA, Albemarle, 1Q24, OW

A major U.S. bank and a legacy tech name were the focus of some of Tuesday's biggest analyst calls. The firm upgraded the apparel stock to overweight from neutral, and raised its price target to $31 per share from $26. The firm resumed coverage of the legacy tech company with an overweight rating and a $58 per share price target. He reiterated his $64 price target on the stock, implying upside of 10.7%. Additionally, he sees "greater risk to the achievement of our price target as the Fed rate cutting cycle begin."

Persons: Morgan Stanley, Matthew Boss, — Brian Evans, Goldman Sachs, Molson Coors Goldman Sachs, Molson, Molson Coors, Bonnie Herzog, Bud Light, Brian Evans, Goldman, Mark Delaney, Cisco, Morgan Stanley's, David Rochester, Fred Imbert Organizations: CNBC, Cisco Systems, JPMorgan, Eagle Outfitters JPMorgan, American Eagle Outfitters, Eagle Outfitters, Molson Coors, Molson, TAP, Tesla, Cisco, Wells Locations: U.S, Wells, Americas, EVs, Wells Fargo, 2H24, Rochester

☆ Tesla is headed to trial over deadly 2018 Autopilot crash
▼ + stars: | 2024-04-08 | by ( Natalie Musumeci | Grace Kay | ) www.businessinsider.com time to read: +9 min

Tesla is going to trial over a wrongful-death lawsuit brought by the family of Walter Huang. The family alleges that flaws in Tesla's Autopilot system caused the 2018 crash that killed Huang. Walter Huang's Tesla Model X crashed in March 2018 in Mountain View, California. Days after the fatal crash, Tesla said in a blog post that Huang "received several visual and one audible hands-on warning earlier in the drive." Tesla also wants to call the engineer to testify during the trial, but Huang's family opposes it.

Persons: Tesla, Walter Huang, Huang, —, Bryant Walker Smith, who's, Smith, who've, Mark Fong, Walter Huang's Tesla, inattention, Huang Tesla, Tesla didn't, Getty Tesla Organizations: Service, Apple, Elon, Court, University of South, Tesla, Associated Press, NTSB, National Transportation Safety Board, Business, Chicago Tribune, Getty, National, Traffic, Administration Locations: California, California's Santa Clara, University of South Carolina, View, Huang's, Mountain View , California

☆ Elon Musk says Tesla will unveil its robotaxi on Aug. 8; shares pop
▼ + stars: | 2024-04-05 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

Elon Musk, Chief Executive Officer of Tesla and owner of X, formerly known as Twitter, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France, June 16, 2023. Musk shared the reveal date on Friday after Reuters reported that plans for Tesla's highly anticipated low-cost car model had been scrapped. In 2015, Elon Musk told shareholders that Tesla's cars would achieve "full autonomy" within three years. Tesla still has yet to deliver a robotaxi, autonomous vehicle or technology that can turn its cars into "level 3" automated vehicles. On Friday, Apple shuttered its self-driving unit and laid off about 600 people on Friday who had been associated with the project.

Persons: Elon Musk, Porte, Tesla, Musk, FSD, Waymo, Uber, Cruise's, Leswing Organizations: Twitter, Viva Technology, Porte de, Reuters, Tesla, Companies, Wayve, Apple, Cruise Locations: Paris, France, Phoenix, San Francisco, Los Angeles, Austin , Texas, Arizona, China, Guangzhou, U.S

☆ Thinking of investing in Tesla? One analyst gives the stock 79% upside
▼ + stars: | 2024-04-04 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

Some investors may be hesitant about buying Tesla right now, but one analyst is bullish on the stock. Over the last 12 months, the stock of Elon Musk's auto giant has plunged by nearly 14.5%. One global autos analyst, however, sees opportunities in investing in Tesla, particularly in the longer term. TSLA YTD mountain Year-to-date shares in Tesla The investment bank has an outperform rating on Tesla at a target price of $298, giving it close to 79% potential upside. As for the longer term, Narayan is looking at pockets of growth beyond Tesla's automotive business.

Persons: Tesla, Tom Narayan, CNBC's, Narayan, — Organizations: Elon, FactSet, RBC Capital Markets, Tesla Locations: U.S, Tesla

☆ Tesla's stock wraps up one of its worst quarters on record as global dominance wanes
▼ + stars: | 2024-03-29 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +11 min

Deliveries are the closest approximation of sales reported by Tesla but are not precisely defined in the company's shareholder communications. Tesla's Model 3 is about $4,000 more than that. Aging lineup, early days for Cybertruck While EV sales are still gaining popularity worldwide, the growth rate has slowed. In a push for end-of-quarter sales, Musk recently mandated that all sales and service staff install and demo FSD for customers before they hand over their cars. Despite its name, Tesla's premium option requires a human driver at the wheel, ready to steer or brake at any moment.

Persons: Florence Lo, Tesla, Troy Teslike, Tesla's, China's BYD, BYD, Lei Jun, Emmanuel Rosner, Rosner, Elon Musk, Krisztian Bocsi, Rohan Patel, Musk, Sandy Munro, Forbes, Larry Magid, Donald Trump, He's, he's, Investor Ross Gerber, who've, Brad Gerstner, Gerstner, FSD Organizations: Reuters, FactSet, Independent, Qin, Tesla's, China Passenger Car Association, Bloomberg, Deutsche Bank, Tesla, Volvo, Elon, Tesla Inc, Getty, IF Metall, IF Metall's, IF, Pew Research, Gallup, Investor, CNBC, Bears, S3 Partners, U.S Locations: Beijing, China, China In China, Shanghai, Europe, Red Sea, Iran, Gruenheide, Germany, Brandenburg, Berlin, Swedish, Sweden, U.S, Austin , Texas, San Jose , California, Fremont , California, Florida, Haiti, Texas, Delaware

☆ The real reason Tesla may be giving free trials of its Full Self-Driving software
▼ + stars: | 2024-03-26 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Tesla is offering a free monthlong trial of its Full Self-Driving software. FSD adoption could significantly increase Tesla's profit margins and improve the software. Tesla CEO Elon Musk announced on Monday that the electric carmaker would offer its US customers a free trial of the driver-assist software starting this week. "All US cars that are capable of FSD will be enabled for a one month trial this week," Musk wrote on X. Advertisement"Almost no one actually realizes how well (supervised) FSD actually works," Musk wrote in the email.

Persons: Tesla, —, Elon Musk, Musk, FSD, Brett Winton, Cathie Wood, I'm, I've Organizations: Service, Business, ARK Invest, Tesla, National, Traffic, Administration

☆ Elon Musk requires 'FSD' demo for every prospective Tesla buyer in North America
▼ + stars: | 2024-03-25 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

While all new Tesla vehicles have a standard driver assistance system installed called Autopilot, the company's FSD option costs $199 per month for most customers in North America. Tesla's FSD system does not turn cars into autonomous vehicles. According to the Tesla owners' manuals, drivers must remain attentive to the road and ready to steer or brake at any time when using FSD or FSD Beta. Owners with FSD can also get access to the FSD Beta system, which allows them to test and help debug newer driver assistance features on public roads. Under pressure from the National Highway Traffic Safety Administration, Tesla has implemented voluntary recalls to improve the safety of its Autopilot, FSD and FSD Beta systems in recent years.

Persons: Elon, Elon Musk, Musk, FSD, Tesla, Troy Teslike Organizations: Bloomberg, CNBC, Beta, National, Traffic Safety, Tesla Locations: Gruenheide, Germany, North America

☆ Elon Musk tells staff they must give new customers a demo of Full Self Driving mode before giving them their car
▼ + stars: | 2024-03-25 | by ( Grace Kay | ) www.businessinsider.com time to read: +1 min

Elon Musk sent an email mandating Tesla staff give demos of Full Self-Driving mode to new customers. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In an early morning email to staff, Musk said it was "mandatory" that staff install and activate the FSD software on the vehicle, as well as give a test drive. This story is available exclusively to Business Insider subscribers.

Persons: Elon Musk, Musk, — Organizations: Service, Business

☆ Safety regulators probe Ford driver assist features after fatal crash
▼ + stars: | 2024-03-19 | by ( ) edition.cnn.com time to read: +2 min

Washington DC CNN —The National Highway Traffic Safety Administration said on Monday it has opened an investigation into a recent Ford Mustang Mach-E fatal crash in San Antonio, Texas, where authorities suspect an advanced driver assistance system was in use. Driver assistance features are being hailed by automakers as a way to reduce accidents, but federal safety regulators are concerned that over-reliance on the features by drivers could be causing some accidents. While NHTSA has opened more than three dozen Tesla special crash investigations since 2016 where advanced driver assistance systems such as Autopilot were suspected of being used with 20 crash deaths reported, this is NHTSA’s first special crash probe involving a Ford advanced system. NHTSA typically opens more than 100 special crash investigations annually into emerging technologies and other potential auto safety issues. In addition to the NHTSA probe, on Friday, the National Transportation Safety Board opened a separate investigation into the Feb. 24 crash.

Persons: Jeffrey Allen Johnson, Austin, Ford, “, CNN’s Chris Isidore Organizations: Washington DC CNN, Traffic Safety Administration, Ford, NHTSA, National Transportation Safety, NTSB, San, Honda Locations: San Antonio , Texas, San Antonio

☆ I bought a used Tesla Model 3 for $26,000. Despite its high mileage, I'm happy with my car.
▼ + stars: | 2024-03-07 | by ( Andrew Lambrecht | ) www.businessinsider.com time to read: +7 min

Read previewLast spring, I found a used 2019 Tesla Model 3 listed for sale just a few miles from where I live. Andrew Lambrecht's 2019 Tesla Model 3. Lambrecht's 2019 Tesla Model 3. Lambrecht's 2019 Tesla Model 3. The Ford Mustang Mach-E and Volkswagen ID.4 are two other neat electric cars now within the $25,000 range used.

Persons: —, Cooper, I've, it's, Andrew Lambrecht's, Amber Saitta, Tesla, Teslas, Andrew Lambrecht, hasn't Organizations: Service, Business, EV, EPA, Ford, Volkswagen Locations: Teslas

☆ Musk said Tesla cars would rise in value, H but here’s what really happened
▼ + stars: | 2024-03-03 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

CNN —Back in 2019, Elon Musk made an astonishing claim for Tesla vehicles. But four years after Musk’s 2019 prediction, the average used Tesla Model 3 is selling for $29,000. Sticker prices for new Teslas dropped about 21% over the past year, according to Cox Automotive. Logically, people expect to pay less for a used car than they would for a new one. Why buy a used car if you could get a brand new vehicle for only a little more or maybe even less, after all?

Persons: Elon Musk, Musk, ”, Tesla, “, FSD, Ivan Drury, Wall, Teslas, Hertz, ” Hertz, Stephen Scherr, ” Drury, EVs, Drury Organizations: CNN, Cox Automotive, EV, Hyundai, Kia, Audi, Volkswagen, Edmunds.com, Tesla Locations: America, Ford, Edmunds.com, Colorado

☆ CNBC Daily Open: Concerns over sluggish U.S. consumer spending
▼ + stars: | 2024-02-16 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

(Photo by ANDREW CABALLERO-REYNOLDS / AFP) (Photo by ANDREW CABALLERO-REYNOLDS/AFP via Getty Images)This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Shares of most of those artificial intelligence companies soared on Thursday, reflecting investors' strong interest to ride on Nvidia's AI growth story. [PRO] Asia's AI standoutsGiven the artificial intelligence boom, Morgan Stanley picked stocks it called "underappreciated beneficiaries" in Asia-Pacific. The biggest share of AI beneficiaries in Asia and emerging markets were found in IT and communications, the bank said.

Persons: ANDREW CABALLERO, REYNOLDS, BOJ, Kazuo Ueda, Tesla, Jim Farley, It's, Morgan Stanley Organizations: Pentagon, AFP, Getty, CNBC, Nikkei, Dow Jones, Nasdaq, Bank of Japan, U.S, Ford Ford, Ford Pro Locations: Arlington , Virginia, Asia, Pacific, Germany, Japan, Riding

☆ CNBC Daily Open: Weak U.S consumer spending spells caution
▼ + stars: | 2024-02-16 | by ( Sumathi Bala | ) www.cnbc.com time to read: +1 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Shares of most of those artificial intelligence companies soared on Thursday, reflecting investors' strong interest to ride on Nvidia's AI growth story. [PRO] Asia's AI standoutsGiven the artificial intelligence boom, Morgan Stanley picked stocks it called "underappreciated beneficiaries" in Asia-Pacific. The biggest share of AI beneficiaries in Asia and emerging markets were found in IT and communications, the bank said.

Persons: Tesla, Jim Farley, It's, Putin, Vladimir Putin, Joe Biden, Donald Trump, ″, Biden, Morgan Stanley Organizations: CNBC, Dow Jones, Nasdaq, Ford Ford, Ford Pro, Biden Locations: Riding, America, Asia

☆ Ford CEO tells Wall Street to forget Tesla, says 'Pro' business is the future of the auto industry
▼ + stars: | 2024-02-15 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

Ford Motor Co., CEO Jim Farley gives the thumbs up sign before announcing Ford Motor will partner with Chinese-based, Amperex Technology, to build an all-electric vehicle battery plant in Marshall, Michigan, during a press conference in Romulus, Michigan February 13, 2023. DETROIT – Ford Motor CEO Jim Farley on Thursday urged Wall Street to forget about Tesla and its FSD driver-assistance systems as the future of the auto industry, arguing investors should instead focus on the Detroit automaker's "Pro" fleet business. Look at Ford Pro. Ford expects the Pro unit's pre-tax earnings to increase to between $8 billion and $9 billion this year, the automaker said earlier this month. Tesla does not break out revenue or earnings from its premium driver-assistance software, marketed as its Full Self Driving Beta, FSD or FSD Beta.

Persons: Jim Farley, Farley, It's Organizations: Ford Motor Co, Ford, Amperex Technology, DETROIT, Ford Motor, Detroit, Deere, Co, Ford Pro, Research, Pro Locations: Marshall , Michigan, Romulus , Michigan

☆ U.S. auto safety agency upgrades probe into Tesla power steering loss
▼ + stars: | 2024-02-02 | by ( ) www.cnbc.com time to read: +4 min

U.S. safety regulators have upgraded their probe into Tesla vehicles over power steering loss to an engineering analysis - a required step before the agency could demand a potential recall. The National Highway Traffic Safety Administration (NHTSA) on Friday said the investigation covers about 334,000 Model 3 and Model Y vehicles from the 2023 model year. Some drivers reported harrowing tales of sudden power steering outages at speeds that nearly caused accidents. Some Tesla owners reported an inability to turn the steering wheel while others reported an increase in required effort. The latest recall includes vehicles across Tesla's various models, including the Model S, Model X, 2017-2023 Model 3, Model Y and 2024 Cybertruck vehicles, the NHTSA said.

Persons: Tesla, couldn't, NHTSA's, Sophie Shulman, Tesla's Cybertruck Organizations: Tesla, Traffic Safety Administration, Reuters, NHTSA, Consumer Locations: Encinitas , California, U.S, United States

☆ Tesla recalling another 2.2 million vehicles for warning lights that are too small
▼ + stars: | 2024-02-02 | by ( Chris Isidore | ) edition.cnn.com time to read: +2 min

New York CNN —Tesla is recalling 2.2 million of its vehicles on US roads because the font size of the warning lights on its display is too small, according to federal safety regulators. The recall was announced by the National Highway Traffic Safety Administration, which said it discovered the problem during a routine audit of Tesla vehicles. “Warning lights with a smaller font size can make critical safety information on the instrument panel difficult to read, increasing the risk of a crash,” according to the agency’s notice. Tesla said it is not aware of any crashes or injuries caused by the problem. The problem will be fixed with an over-the-air software update that will not require Tesla owners to bring their vehicles into a Tesla service center.

Persons: New York CNN — Tesla, Tesla Organizations: New, New York CNN, National, Traffic Safety Administration, National Transportation Safety Board Locations: New York

☆ Tesla upgrades Model Y in China as BYD competition heats up
▼ + stars: | 2024-02-01 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

A Tesla Model Y is seen on a Tesla car lot in Austin, Texas, on May 31, 2023. The Tesla Model Y will come with Hardware 4.0 (HW 4.0) free of charge when a customer purchases the car. Tesla upgraded the self-driving hardware on the Model Y car it sells in China, Elon Musk's automaker said on WeChat on Thursday, as it looks to boost sales and fend off rising competition from domestic players. The U.S. EV maker also launched new red, gray and silver colors for the Model Y in China. Tesla has brought HW 4.0 to the Model S and Model X cars in some markets.

Persons: Tesla, Elon, Warren Buffett Organizations: Tesla, Beta, stoke Locations: Austin , Texas, China, WeChat, U.S

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