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☆ Tesla Cybertrucks have joined the growing number of luxury EVs that can now be leased
▼ + stars: | 2024-11-16 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

Part of the reason is due to a tax credit program that the Cybertruck has been largely left out of. Tesla is offering the Cybertruck for lease a year after the EV company made its first deliveries to customers. However, leasing an EV offers buyers another way to take advantage of the tax credit program without meeting every requirement. Through what's known as a "leasing loophole," dealerships can receive the tax credit and choose to pass those savings on to the buyer or lessee. But Tesla's Cybertruck has largely been left out of the federal incentive program.

Persons: Tesla, Elon Musk's, Rivian, Tesla's Cybertruck Organizations: EV, Biden, Internal, Department of Energy's

☆ Tesla initiates sixth Cybertruck recall in a year
▼ + stars: | 2024-11-13 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +2 min

Tesla is recalling 2,431 Cybertrucks to replace defective drive inverters, according to notices made public by the National Highway Traffic Safety Administration on Wednesday. It's the sixth recall of the Cybertruck since the angular steel pickup went on sale about a year ago. Tesla addressed the previous Cybertruck recall with an over-the-air software update to fix an issue that caused images from the truck's backup cameras to not display correctly after the driver shifted into reverse. The latest Cybertruck recall requires the replacement of a part called a drive inverter, which provides power to the wheels of the vehicle. Tesla CEO Elon Musk has clashed with NHTSA and other federal regulators for years.

Persons: Tesla, It's, Elon Musk, Donald Trump, Musk, Trump, Elon Organizations: National, Traffic, Administration, NHTSA, Department of Government, Congress, Trump Locations: U.S

☆ 2 New Jersey restaurateurs turned a Cybertruck into a mobile pizza oven — and they want to cook for Elon Musk
▼ + stars: | 2024-10-27 | by ( Tom Carter | ) www.businessinsider.com time to read: +5 min

The owners say they're huge Tesla fans, and want to one day cook pizza for Elon Musk. AdvertisementA pizzeria in New Jersey has transformed two Cybertrucks into pizza trucks, using one of the Tesla vehicle's most futuristic features to cook pizzas on the go. They wanted new vehicles to relieve the strain on their gasoline pizza truck, which the two partners say was frequently booked months in advance. Now, they say they are facing a huge wave of demand for their Cybertruck pizza trucks, which they've modified to cook pizzas at parties and events. Like other electric vehicles, including the Ford F-150 Lightning, the Cybertruck has bidirectional charging, allowing it to become a mobile power source for appliances and even other electric vehicles.

Persons: Tesla, —, Fabio Antonio Arbelaez, Ryan McDermott, McDermott, Elon Musk, Hurricane Helene, Elon, Arbelaez, aren't, I've Organizations: Elon, Service, Columbia, Ford, EV, Tesla, Austin Locations: Jersey, New Jersey, Columbia, Florida, Hurricane, Colombia, Texas

☆ Tesla shares jump on profit beat, Elon Musk's prediction of at least 20% 'vehicle growth' next year
▼ + stars: | 2024-10-24 | by ( Lora Kolodny | ) www.nbcnews.com time to read: +6 min

Automotive revenue increased 2% to $20 billion from $19.63 billion in the same period a year earlier and is about flat since late 2022. Energy generation and storage revenue soared 52% to $2.38 billion, while services and other revenue, which includes revenue from non-warranty repairs of Tesla vehicles, jumped 29% to $2.79 billion. Earlier this month, Tesla reported third-quarter vehicle deliveries of 462,890. While deliveries increased 6% from a year earlier, they fell shy of analysts’ expectations and followed two straight quarters of year-over-year declines. “Despite ongoing macroeconomic conditions, we expect to achieve slight growth in vehicle deliveries in 2024,” the company said in its earnings deck Wednesday.

Persons: Tesla, Elon Musk, FactSet, Musk, ” Tesla, “, Kelley, Vaibhav Taneja, Li Auto, Donald Trump, Trump, doesn’t Organizations: Revenue, Energy, that’s, California Public Utilities, Li, Ford, General Motors, Trump, Nasdaq Locations: Texas, California, Bay, U.S, China, Harrisburg , Pennsylvania

☆ Tesla shares jump on profit beat, Musk's prediction of at least 20% 'vehicle growth' next year
▼ + stars: | 2024-10-23 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +6 min

Net income rose to about $2.17 billion, or 62 cents a share, from $1.85 billion, or 53 cents a share, a year ago. Profit margins were bolstered by $739 million in automotive regulatory credit revenue during the quarter. Automotive revenue increased 2% to $20 billion from $19.63 billion in the same period a year earlier and is about flat since late 2022. Energy generation and storage revenue soared 52% to $2.38 billion, while services and other revenue, which includes revenue from non-warranty repairs of Tesla vehicles, jumped 29% to $2.79 billion. "Despite ongoing macroeconomic conditions, we expect to achieve slight growth in vehicle deliveries in 2024," the company said in its earnings deck Wednesday.

Persons: Elon Musk, Tesla, FactSet, Musk, Kelley, Vaibhav Taneja, Li Auto, Donald Trump, Trump, doesn't Organizations: LSEG, Energy, that's, California Public Utilities, Li, Ford, General Motors, Trump, Nasdaq Locations: Los Angeles , California, U.S, Texas, California, Bay, China, Harrisburg , Pennsylvania

☆ Tesla's Cybertruck is outselling almost every other EV in the US
▼ + stars: | 2024-10-23 | by ( Alistair Barr | ) www.businessinsider.com time to read: +2 min

But recent sales data from the auto-industry tracker Cox Automotive is worth examining ahead of Tesla's results on Wednesday. Tesla sold almost 17,000 Cybertrucks in the third quarter, Cox estimated, making it the third-most-popular EV in the US during the period. That's more than Ford's F-150 Lightning, Rivian's R1T, and Chevy's Silverado EV, Cox data shows. General Motors reported surprisingly solid results earlier this week and highlighted strong EV sales. Related storiesSome of this recent EV strength has been driven by lease incentives, which are available in the US to more buyers.

Persons: Elon, Tesla, Cox, Rivian's R1T, It's, Goldman Sachs, Morgan Stanley, Bernstein Organizations: Cox, Tesla, Silverado, DeLorean, Motors, EV, UBS

☆ What we know about Tesla's new Robovan so far
▼ + stars: | 2024-10-11 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Tesla CEO Elon Musk unveiled the Robovan at the company's "We, Robot" event, which saw the EV giant showcase its latest autonomous offerings. Besides the Robovan, Musk also touted Tesla's upcoming vehicle, the Robotaxi, or Cybercab, and the company's Optimus robots. The future should look like the future," Musk said of the Robovan's design. The future should look like the future," Musk said of the Robovan's design. In 2021, a Chinese autonomous driving company named WeRide unveiled its own self-driving cargo van, also called the "Robovan."

Persons: Tesla, Elon Musk, Musk, —, — Tesla, WeRide, Tony Han Organizations: Service, CNBC Locations: Guangzhou, China

☆ Elon Musk reveals the 'Art Deco' design inspiration behind Tesla's Robovan
▼ + stars: | 2024-10-11 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

Elon Musk surprised viewers with the unveiling of Tesla's Robovan at the 'We Robot' event Thursday. Musk shared on X that the Robovan's design was inspired by Art Deco trains. But the Robovan's exterior aesthetic appears to be inspired by the early 20th century Art Deco design period. In response to a user who asked about what inspired the design, Musk replied, "Art Deco trains." Art Deco trains were a product of the Art Deco era, which took place in the 1920s and 1930s.

Persons: Elon Musk, Tesla's Robovan, Musk, —, Tesla, — Tesla, Robovan, 🎯, ike Organizations: Art Deco, Service, Art Locations: lon, usk, ehicles

☆ Tesla to recall over 27,000 Cybertruck vehicles over rear-view image delay
▼ + stars: | 2024-10-03 | by ( ) www.cnbc.com time to read: +1 min

New Tesla Cybertruck vehicles parked at a logistics drop zone in Seattle, Washington, US, on Thursday, Aug. 22, 2024. Tesla said on Thursday it would recall most Cybertrucks in the U.S. due to delayed rear-view camera images that could impair driver visibility and increase crash risks, adding that a software update would resolve the issue. The recall covers more than 27,000 Cybertrucks, Tesla said in a report filed with the U.S. National Highway Traffic Safety Administration. The Cybertruck's system in the affected vehicles may not complete a shutdown process before it is commanded to boot up, resulting in a delay in displaying the rear-view image, Tesla said. Tesla earlier this year recalled most Cybertrucks in the U.S. over issues with their windshield wipers and exterior trim.

Persons: Tesla Organizations: Tesla, U.S . National, Traffic Safety Administration Locations: Seattle , Washington, US, U.S

☆ Tesla recalls 27,000 Cybertrucks due to a rearview camera issue
▼ + stars: | 2024-10-03 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +1 min

New York CNN —Tesla is recalling roughly 27,000 Cybertrucks because of a rearview camera issue that delays the image being displayed on the dashboard, increasing the risk of a crash. The rearview display might appear blank for up to 8 seconds when the Cybertruck is put in reverse, according to a filing from the National Highway Traffic Safety Administration (NHTSA). Tesla has released a free, over-the-air software update to fix the issue. In January, Tesla issued a software recall for 2.2 million of its vehicles, including Cybertrucks, because letters on warning lights were too small to easily read. Tesla this week reported an increase in sales for the first time this year, although its year-to-date sales still trail the same period in 2023.

Persons: New York CNN — Tesla, Tesla, “ Organizations: New, New York CNN, National, Traffic Safety Administration, NHTSA Locations: New York

☆ Elon Musk's 'apocalypse-proof' Cybertruck gets its 5th recall in 12 months
▼ + stars: | 2024-10-03 | by ( Tom Carter | ) www.businessinsider.com time to read: +2 min

The "apocalypse-proof" truck has been recalled for the fifth time in 12 months. AdvertisementTesla's Cybertruck has had a rocky rollout since it launched last year — and now it's hit another speed bump. It's the fifth recall to hit the Cybertruck in the last 12 months. Elon Musk previously said the Cybertruck would be "apocalypse-proof," bulletproof, and even briefly serve as a boat. The latest recall hints at just how many Cybertrucks Tesla has sold.

Persons: Tesla's Cybertruck, —, Cybertruck, Tesla, Elon Musk Organizations: Service, Traffic, Administration, Mobility

☆ Chechen warlord Kadyrov accuses Elon Musk of ‘remotely disabling’ his Cybertruck
▼ + stars: | 2024-09-20 | by ( Lauren Kent | Anna Chernova | ) edition.cnn.com time to read: +2 min

CNN —Chechen leader Ramzan Kadyrov has accused Tesla CEO Elon Musk of “remotely disabling” his Cybertruck, which had been sent to the frontline of Russia’s war in Ukraine. The Chechen warlord, known for his loyalty to Russian President Vladimir Putin and his active involvement in Russia’s ongoing military operations in Ukraine, shared footage of himself in August driving a Cybertruck and claimed it was a gift from Musk. Kadyrov repeated his claim earlierthis week as he lamented that the high-tech vehicle had to be towed from the battlefield, saying: “What Elon Musk did was not nice. Musk unveiled the Tesla Cybertruck, which is fully electric as all of the company’s vehicles, in 2019 in Los Angeles. Kadyrov, who was installed as Chechen leader by Putin, has been criticized for decades for alleged human rights violations.

Persons: Ramzan Kadyrov, Elon Musk, Kadyrov, ”, Vladimir Putin, Musk, Putin, “ Organizations: CNN, ” CNN, US State Department, European Union Locations: Ukraine, Chechen, Grozny, Chechnya, Russian, Los Angeles, United States, United Kingdom, European

☆ Travis and Jason Kelce have some thoughts about Tesla's Cybertruck
▼ + stars: | 2024-09-13 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Meanwhile, Swift's boyfriend Travis Kelce is a fan of Tesla's Cybertruck and wants to get a Cyberquad. Go to newsletter preferences Thanks for signing up! AdvertisementElon Musk might not be Taylor Swift's biggest fan right now, but her boyfriend Travis Kelce sure likes Musk's Cybertrucks. Travis and his brother Jason talked about Tesla's electric pickup truck during the latest episode of their podcast, "New Heights" which aired on Wednesday. Jason, who owns a Cybertruck himself, said he got a "little nervous" when he took the vehicle to the carwash.

Persons: Elon Musk, Taylor Swift, Kamala Harris, Travis Kelce, Cybertruck, Kelce, —, Elon, Taylor, Musk's Cybertrucks, Travis, Jason Organizations: Service

☆ 5 promises Elon Musk made about the Cybertruck that never happened
▼ + stars: | 2024-08-14 | by ( Tom Carter | ) www.businessinsider.com time to read: +4 min

Read previewThe Cybertruck has changed a lot since Elon Musk first unveiled it in 2019. Here are some of the Cybertruck features that Musk has promised over the years but which failed to materialize:Advertisement1. A $39,900 price tagWhen Musk first unveiled the Cybertruck in 2019, he said the cheapest version would cost $39,900, with more advanced variants costing $49,900 and $69,900. 500-mile rangeMusk also said in 2019, the most advanced tri-motor version of the Cybertruck would have a 500-mile range. Anadolu/Getty ImagesOne of the most eye-catching promises Musk made about the Cybertruck is that it would be able to float and serve as a boat for short periods.

Persons: —, Elon Musk, Tesla's, Musk, Tesla, It's, Cyberquad Musk, it's, Cybertruck, Wes Morrill Organizations: Service, Elon, Business, Anadolu, Getty

☆ This Tesla YouTuber had 2 broken Cybertrucks, but still calls it his 'dream car'
▼ + stars: | 2024-07-13 | by ( Tom Carter | ) www.businessinsider.com time to read: +5 min

"It was love at first sight," said Lamar, who did not wish to provide his full name but goes by Lamar MK on YouTube. AdvertisementYouTuber Lamar MK with his first Cybertruck. YouTuber Lamar MK with his new Cybertruck, which broke a few weeks after he got it. After getting his new Cybertruck delivered, Lamar MK had it wrapped to give it a blue and yellow color scheme. Tesla did not immediately respond to a request for comment from Business Insider, made outside normal working hours.

Persons: —, hasn't, Lamar MK, Tesla, Lamar, YouTuber Lamar, Cybertruck, I'm Organizations: Service, Lamar, Business, YouTube, Tesla

☆ Tesla sales fall again as more automakers crowd electric vehicle market
▼ + stars: | 2024-07-02 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

New York CNN —Tesla sales fell for the second straight quarter. In the fourth quarter BYD briefly passed Tesla in global EV sales. But the better-than-expected Tesla sales were enough to lift shares of Tesla (TSLA) by more than 9% in midday trading. The strong EV sales were balanced by a slight drop - about 0.3% - in sales of traditional gasoline powered cars. Toyota’s US EV sales soared even more, rising 301% to 11,600.

Persons: Tesla, Elon Musk, —, BYD, CNN’s Laura He, Peter Valdes, Dapena Organizations: New, New York CNN, clamoring, Tesla, Volkswagen, General Motors, Ford, GM, EV, Blazer EV, Cadillac, Toyota Locations: New York, China, Europe, North America

☆ A Tesla driver says he crashed his brand new Cybertruck after the brakes stopped working
▼ + stars: | 2024-06-27 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

Read previewA Tesla owner said he crashed his new Cybertruck into a neighbor's yard within the first few hours of driving it — and he said it's because the vehicle's brakes didn't work. The owner, Bruce Freshwater, told BI that the crash happened on April 27 after he picked up the Cybertruck. That car then ran into a second vehicle, Freshwater told the police in the report, which BI has viewed. AdvertisementFreshwater's Cybertruck, along with one of the neighbor's vehicles, sustained "disabling damage," according to the police report. Freshwater told BI that he still makes car payments every month on a vehicle he isn't using.

Persons: —, Bruce Freshwater, Freshwater, Freshwater's, Freshwater Freshwater, Tesla, he's, Cybertrucks, I'm Organizations: Service, Business, Police Department, BI, Tesla, National, Traffic Safety Administration, NHTSA Locations: Fayette, Pennsylvania

☆ Tesla recalls over 11,000 Cybertrucks due to wiper issue
▼ + stars: | 2024-06-25 | by ( Tom Carter | ) www.businessinsider.com time to read: 1 min

Tesla is recalling over 11,000 Cybertrucks because of an issue with the vehicle's windscreen wiper. AdvertisementThe automaker will replace wiper motors on all affected vehicles over fears they could become damaged due to "electrical overstress," a recall report issued by regulators said. The recall includes all model year 2024 Cybertrucks manufactured from November 13, 2023, to June 6, 2024This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account?

Persons: Tesla, Cybertrucks Organizations: Business

☆ Tesla recalls Cybertruck to fix faulty windshield wipers, loose trim
▼ + stars: | 2024-06-25 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

One is to fix problems with trim pieces, which can loosen and fall off the trunk, and the other is to address faulty motor controllers in the front windshield wipers. The report said a "non-functioning windshield wiper may reduce visibility in certain operating conditions, which may increase the risk of a collision." Tesla plans to replace the motor controller in the Cybertruck windshield wipers for customers. An earlier Cybertruck recall was issued to repair an accelerator pedal issue. The recall disclosures for the windshield wiper issue said that from Nov. 13, 2023, to Jun.

Persons: Tesla, —, didn't, Elon Musk, Musk, Tesla's, It's Organizations: National, Traffic Safety Administration, Ford, Tesla Locations: U.S, Austin , Texas, China

☆ Tesla is recalling the Cybertruck again, this time because a piece can fly off
▼ + stars: | 2024-06-25 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +2 min

CNN —Tesla has issued two recalls on the Cybertruck, its third and fourth, since the model was introduced late last year. An investigation by Tesla revealed that the piece had not been properly installed. Cybertruck owners will be asked to bring their trucks to a Tesla service center where the trim piece will either be replaced or installed properly with “adhesion promotor” and pressure sensitive tape. The trucks are also being recalled for a separate issue in the electric motor that powers the truck’s single huge windshield wiper. Tesla has previously recalled the Cybertruck for other issues.

Persons: CNN — Tesla, Tesla Organizations: CNN, Traffic

☆ Tesla Cybertrucks vandalized in Florida with some choice messages attacking Elon Musk
▼ + stars: | 2024-06-22 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +1 min

Dozens of Tesla Cybertrucks were vandalized in Fort Lauderdale, Florida, this week. The Cybertrucks were spray painted with a message attacking Tesla CEO Elon Musk. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Nearly three dozen Cybertrucks were vandalized this week in Florida with disparaging messages aimed specifically at Musk. A 35-second viral video showing the aftermath of the vandalism spree in a Fort Lauderdale parking lot first gained traction on Instagram on Friday.

Persons: Tesla, Elon Musk, Elon Musk's, — Organizations: Service, Business Locations: Fort Lauderdale , Florida, Florida, Fort Lauderdale

☆ Tesla shareholders vote to reinstate Elon Musk’s $56 billion pay package
▼ + stars: | 2024-06-13 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +4 min

Tesla shareholders on Thursday voted to ratify CEO Elon Musk's mammoth 2018 pay plan, five months after a judge in Delaware ordered the company to rescind the package, finding it had been improperly granted by the board. Watch Elon Musk speak at the Tesla shareholder meeting nowThe compensation package was previously worth as much as $56 billion in Tesla stock. However, during last year's meeting, Musk promised shareholders he would spend less time on the app going forward, calling the business a "short-term distraction." Regarding the Cybertruck, which hit the market in late 2023, Musk said deliveries are picking up. Musk promised Tesla would move into "limited production" of Optimus in 2025 and test out humanoid robots in its own factories next year.

Persons: Elon, Musk, Judge Kathaleen McCormick, didn't, Tesla, He's, Pony.ai, Didi, Waymo, Optimus, Cathie Wood Organizations: ., Shareholders, SpaceX, Tesla, ARK Locations: Delaware, Austin , Texas, China, Texas

☆ Tesla to recall 125,227 vehicles over faulty seat belt warning system
▼ + stars: | 2024-05-31 | by ( ) edition.cnn.com time to read: +1 min

CNN —Tesla is recalling 125,227 vehicles in the United States due to a malfunction in its seat belt warning system that can increase the risk of injury in a collision, the National Highway Traffic Safety Administration said on Friday. The regulator said the vehicles failed to comply with the federal safety requirements as their seat belt warning light and audible chime may not get activated when the driver is unbelted. The recall affects certain 2012-2024 Model S, 2015-2024 Model X, 2017-2023 Model 3 and 2020-2023 Model Y vehicles. The remedy will remove dependency on the driver seat occupancy sensor from the software and only rely on driver seat belt buckle and ignition status to activate the seat belt reminder signals, the NHTSA said. Tesla had recalled 200,000 Model S, X, and Y vehicles in the US in January due to a software malfunction that could obstruct drivers’ visibility while reversing.

Persons: Tesla Organizations: CNN, Traffic Safety Administration, NHTSA Locations: United States

☆ Tesla Cybertruck takes second place to Ford F-150 Lightning, new monthly registration data shows
▼ + stars: | 2024-05-19 | by ( Grace Kay | ) www.businessinsider.com time to read: +1 min

Ford's F-150 Lightning was the most popular EV pickup in March, per S&P Global Mobility data. Over 1,100 new Cybertrucks were registered in the month, according to the data. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The edgy pickup was second only to Ford's F-150 Lightning, according to new vehicle registration data from S&P Global Mobility that was first reported by the Automotive News. During the month of March, the Cybertruck had 1,158 new registrations, while the Lightning had 2,893.

Persons: Ford's, Tesla, —, Cybertruck, Rivian's R1T Organizations: P Global, Service, Automotive, Lightning, Business

☆ Why are hundreds of Teslas parked outside a dying shopping mall? A local news station solved the mystery.
▼ + stars: | 2024-05-14 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

Read previewChesterfield Mall, set to shut down in October, has become an unexpected parking lot for hundreds of Tesla vehicles over the last few months. The Teslas, including Cybertrucks, parked outside of the Chesterfield, Missouri, shopping spot puzzled people passing by, especially as the number of EVs seemed to increase over time. According to the report, Tesla is storing unsold vehicles at the mall until it shuts down. Staenberg said Tesla has occupied the space for about six or seven months and can stay until the mall closes in October. Inventory lots aren't uncommonTesla isn't the only car brand to store its unsold vehicles outside a dealership.

Persons: —, Michael Staenberg, Tesla, Staenberg, Tim Lowe, KTVI, General Motors, ramping Organizations: Service, Business, Chesterfield Mall, Ford's, Plant, General, oversupply, Cox Automotive, EV Locations: Chesterfield , Missouri, Chesterfield, Ford's Michigan, Wayne, Grand Blanc , Michigan, Berlin

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