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☆ A Tesla buyer says she effectively lost $10,810 overnight after the carmaker slashed prices
  + stars: | 2023-01-25 | by ( Sam Tabahriti | ) www.businessinsider.com   time to read: +3 min
Tesla has slashed the prices of its Model 3 and Model Y vehicles in recent weeks. One said she was pressured to take delivery of her Model Y the day before prices were slashed. Later in December, Tesla deepened the discount on both models, to $7,500, and two weeks into 2023 it cut prices further. A buyer who didn't want to be named for privacy reasons paid $69,000 for a Model Y and took delivery on October 1 after waiting for a year. Following the recent price cuts, the car now starts at $52,990, down from its previous base price of $65,990.
☆ A Tesla buyer says he felt 'bullied' into taking delivery of his car, meaning he missed out on a price cut of almost $10,000
  + stars: | 2023-01-22 | by ( Ryan Hogg | ) www.businessinsider.com   time to read: +3 min
A Tesla buyer said he felt "bullied" into taking delivery of his car earlier than he wanted to. Tun Bhothinard told Insider he paid $62,440 for a Tesla Model Y, which now costs about $10,000 less. He said Tesla agents told him he'd lose his reservation if he tried to delay delivery until January. "We tried to talk to so many people on the delivery team and everyone was just very robotic about it," he told Insider, adding he felt "bullied" into taking delivery. After "begrudgingly" taking delivery in November, price cuts were announced in December.
☆ The organizer of an annual charity raffle to win a Tesla says he's struggling to sell tickets this year because of Elon Musk's antics
  + stars: | 2023-01-22 | by ( Pete Syme | ) www.businessinsider.com   time to read: +4 min
Climate XChange has run a Tesla raffle since 2015 and this year's prize is a $165,000 Model X. The last three years sold out, but in 2023 ticket sales are slow, the raffle's organizer told Insider. Some previous entrants have said they no longer want to win a Tesla thanks to Elon Musk. That's despite the top prize, a Tesla Model X Plaid and all associated taxes, being worth $250,000 — a 10% higher value than 2022's raffle. He has put down a deposit for a Rivian as a replacement, he told Insider.
☆ A Tesla buyer says he got a $12,000 discount after asking for a reduction on his order following big price cuts
  + stars: | 2023-01-21 | by ( Sam Tabahriti | ) www.businessinsider.com   time to read: +3 min
One buyer told Insider he got a $12,000 reduction after asking Tesla to adjust the cost of his order. Other Tesla customers have voiced their disappointment about missing out on big price cuts. After Tesla announced significant price cuts earlier this month, he told Insider he contacted Tesla by online chat to ask for a reduction to his order. Marianne Simmons, who paid more than $77,000 in September for a Model Y, told Bloomberg: "I feel like I got duped. The price cuts contrast Tesla's approach in 2022 when it raised prices several times amid supply chain disruptions despite concerns about the broader economy.
☆ Tesla's retail sales in China surged after price cut -brokerage data
  + stars: | 2023-01-18 | by ( ) www.reuters.com   time to read: +1 min
SHANGHAI, Jan 17 (Reuters) - Tesla's (TSLA.O) retail sales surged in China in January after it slashed prices for its top-selling models earlier in the month, data compiled by China Merchants Bank International (CMBI) showed. Average daily sales for Tesla in China during the Jan. 9 to Jan. 15 period jumped 76% from the same period in 2022. Total sales were 12,654 vehicles over that period, CMBI's data showed. After cutting prices in China and other Asian markets, Tesla followed with price cuts in the United States and Europe. Xpeng's sales fell 36% from a year earlier in the week of Jan. 9 to Jan. 15, CMBI data showed.
☆ Tesla's retail sales in China surged after price cut, brokerage data says
  + stars: | 2023-01-17 | by ( ) www.reuters.com   time to read: +1 min
SHANGHAI, Jan 17 (Reuters) - Tesla's (TSLA.O) retail sales surged in China in January after it slashed prices for its top-selling models earlier in the month, data compiled by China Merchants Bank International (CMBI) showed. Average daily sales for Tesla in China during the Jan. 9 to Jan. 15 period jumped 76% from the same period in 2022 to 12,654 vehicles, CMBI's data showed. That compared to a 14.5% year-on-year decline in overall retail auto sales in China in the same week, although sales of electric and hybrid vehicles in the country increased 36.5%, the data showed. After cutting prices in China and other Asian markets, Tesla followed with price cuts in the United States and Europe. Xpeng's sales fell 36% from a year earlier in the week of Jan. 9 to Jan. 15, CMBI data showed.
☆ A woman waiting while her family test-drove a Tesla got hit by a car driven by an employee, lawsuit says
  + stars: | 2023-01-14 | by ( Sam Tabahriti | ) www.businessinsider.com   time to read: +2 min
A woman sued Tesla for $2 million after she was struck by a car driven by a worker at a dealership. Rakshinda Parvez was waiting while her family test-drove a Tesla, according to the lawsuit. The lawsuit claimed she suffered multiple injuries, but Tesla disputed her account of the incident. She walked behind a Tesla driven by an employee that had stopped at the parking lot exit, an amended complaint filed in November stated. The car then reversed "suddenly and without warning," resulting in concussion as well as neurological, disc, and other orthopedic injuries to Parvez, the lawsuit alleged.
☆ A Tesla buyer says she feels 'duped' and 'taken advantage of' after missing out on a $13,000 price cut: report
  + stars: | 2023-01-14 | by ( Ryan Hogg | ) www.businessinsider.com   time to read: +4 min
Tesla owners are venting their frustration after missing out on steep price cuts this week. One buyer told Bloomberg she had missed out on a $13,000 reduction and wouldn't buy another Tesla. I feel like I got taken advantage of as a consumer," Marianne Simmons told Bloomberg after paying more than $77,000 in September for a Model Y. Jack Bradham told Bloomberg that the black Model Y long-range edition Tesla now cost $12,000 less than the $69,000 he paid in December. The Model Y and Model 3 were the two best-selling cars in the UK in December even before the price cuts.
☆ Tesla didn't sell everything it produced in Q4, says Oppenheimer's Colin Rusch
  + stars: | 2023-01-13 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla didn't sell everything it produced in Q4, says Oppenheimer's Colin RuschOppenheimer's Colin Rusch joins 'Power Lunch' to discuss shares of Tesla and Guggenheim's downgrade of the stock over concerns with the company's fourth-quarter estimates.
☆ Tesla owners who just want a normal steering wheel on their Model S and Model X get their wish
  + stars: | 2023-01-07 | by ( Aaron Mok | ) www.businessinsider.com   time to read: +3 min
Tesla's Model S/X owners will have the option to replace the yoke steering wheel with a round one. The move comes after Tesla car owners complained about the learning curve of the box wheel. Starting in March, Tesla owners can replace their current steering wheels for $700. Unlike a conventional wheel, the yoke wheel is rectangular with a tiny button for honking. The stalk — the part in conventional cars that controls core functions such as turn signals, headlights, and windshield wipers — was replaced with buttons on the steering yoke.
☆ A Tesla owner said self-driving mode got him home 'flawlessly' when he was 'probably drunk'
  + stars: | 2023-01-07 | by ( Sam Tabahriti | ) www.businessinsider.com   time to read: +2 min
The owner of a Tesla said he used Full-Self Driving mode to get him home just after Christmas. On Twitter Spaces, he admitted being drunk and claimed the system drove him home "flawlessly." "I admitted the other day, I was a little bit tipsy after Christmas," the driver, whose Twitter handle is @denguyen73, said during a Twitter Spaces called "$TSLA - Musk Metldown Marathon." The probe is considering whether Tesla's claim to offer "full-self driving capabilities" defrauds consumers. These incidents often appear to occur when drivers use Tesla's Autopilot, which automatically accelerates, brakes, and steers on highways.
☆ What Apple, Google and other Big Tech companies are paying, based on new salary transparency data
  + stars: | 2023-01-06 | by ( Jennifer Liu | ) www.cnbc.com   time to read: +4 min
It just got a lot easier to see how much some of the biggest tech companies in the world pay, thanks to a rollout of new salary transparency laws across the country. As of Jan. 1, California and Washington joined New York City and Colorado in legally requiring employers to post salary ranges on their job ads. Data is based on job posts from over 700 of the top tech companies and startups, accounting for more than 53,000 active listings. As of this week, Comprehensive.io says 39% of tech companies are complying with California's new salary range law. In New York City, which rolled out its legislation on Nov. 1, 63% of tech companies are complying.
☆ Tesla isn't Apple, Elon Musk isn't Steve Jobs, and its cars aren't the next iPhone
  + stars: | 2023-01-05 | by ( Asia Martin | ) www.businessinsider.com   time to read: +6 min
Analysts and industry observers have compared Tesla and CEO Elon Musk to Apple and Steve Jobs. Tesla isn't the next AppleBoth Apple and Tesla had a first-mover advantage, another reason so many analysts like to draw parallels between the two brands. When Tesla emerged with top-selling electric cars, the Tesla Model Y and Tesla Model 3, held a commanding market share in North America. A shrinking market share isn't disastrous for Tesla — part of the reason Tesla's market share will shrink is that every auto maker will be selling a lot more EVs. The world's largest automaker, Toyota, had a market share of just 10.5% in 2021 — nowhere near the 55% market share Apple holds in the US.
☆ A brother and sister had to stop 6 times in 1 day to charge their rented Tesla in cold weather because the battery drained so quickly
  + stars: | 2023-01-01 | by ( Sam Tabahriti | ) www.businessinsider.com   time to read: +3 min
A brother and sister rented a Tesla and found they had to stop six times in one day to charge it. However, it got to the point that the "battery would drain faster than it would charge," Xavier told Insider. When they set off they could drive for at least two and a half hours before needing to charge the Tesla. A spokesperson for Hertz told Insider: "We have not experienced a significant increase in communication from customers about the battery of their EV rentals. Xaviar said Hertz told him to go to the closest branch to get a new car.
☆ Elon Musk thinks Greta Thunberg is 'cool' after her Twitter spat with Andrew Tate
  + stars: | 2022-12-31 | by ( Sam Tabahriti | ) www.businessinsider.com   time to read: +3 min
Elon Musk said he thought Greta Thunberg was "cool" in a tweet on Friday. The Tesla CEO was responding to a satirical article about Thunberg by The Babylon Bee. His comments came after the environmental campaigner's Twitter spat with influencer Andrew Tate. Analysts have also said that Twitter is distracting Musk from Tesla, while his politicized tweets have damaged the EV maker's brand as well. Musk and Tesla didn't immediately respond to request for comment from Insider.
☆ Bitcoin still has a big opportunity in payments despite 60% drop this year and choppy waters ahead
  + stars: | 2022-12-30 | by ( Tanaya Macheel | ) www.cnbc.com   time to read: +9 min
Investors are constantly reminded that despite the myriad coins, projects and innovations in crypto, bitcoin may be the only "safe" crypto asset to buy. And while Tesla didn't credit the volatility for its reversal, many observers saw it as evidence that the belief in bitcoin's payments capabilities were misguided. "Bitcoin's price on any given day — as a remittance vehicle — has no effect on us," he said. The group that runs the Lightning Network, a payment protocol built on the Bitcoin network, is committed to making Bitcoin network payments even faster, less costly and more readily confirmed than transactions made directly on the Bitcoin blockchain. Crypto investors, on the other hand, were "disproportionately high-income, almost always had a traditional banking relationship, and typically had other retirement savings."
☆ A new Twitter recruit had to contact a former employee on LinkedIn after onboarding training got cut to just 90 minutes, report says
  + stars: | 2022-12-30 | by ( Sam Tabahriti | ) www.businessinsider.com   time to read: +2 min
A new Twitter recruit contacted a former employee to ask how things worked at the company. Onboarding training used to take three days but now lasts for 90 minutes, per The New York Times. The ex-staffer told The New York Times the worker got in touch to ask how services worked at Twitter because the training had been cut from three days to just 90 minutes. A former manager told The Times he'd seen documents showing the automaker had billed Twitter for some of its workers' services as if they were contractors. One of the latest additions to Musk's team is one of his right-hand men, Omead Afshar, per the report.
☆ Elon Musk's conservative politics are hurting his personal brand and alienating Tesla's main customers, Nobel laureate Paul Krugman says
  + stars: | 2022-12-29 | by ( Theron Mohamed | ) www.businessinsider.com   time to read: +3 min
Elon Musk's conservative political views are alienating Tesla customers, Paul Krugman said. Krugman slammed Musk's political shift as "stupid" and impulsive as many Tesla buyers are liberals. The self-described centrist has voiced conservative views on numerous issues since then. Tesla shares have plunged by more than 70% from their peak in November 2021, slashing the automaker's market capitalization from over $1.2 trillion to under $400 billion. Tesla shares have also been hit by fears of flagging EV demand, supply disruptions, and Twitter being a costly distraction for Musk.
☆ A Tesla driver watched in horror as another Tesla burst into flames after hitting a barrier
  + stars: | 2022-12-26 | by ( Sam Tabahriti | ) www.businessinsider.com   time to read: +3 min
A Tesla driver watched in horror as another Tesla hit a barrier and burst into flames. The driver of the other Tesla told Kaplan he was using its Autopilot system at the time. He got out and spoke to the driver of the crashed Tesla, who was not injured in the incident. The driver told Kaplan he had his 2018 Model X in Autopilot but "it suddenly veered hard to the left and stopped against the wall." Vehicles using Tesla's Autopilot software were involved in 273 crashes over roughly the last year, according to a report released earlier this year by the US road-safety regulator.
☆ A Tesla owner says his car wouldn't charge in freezing temperatures, leaving him stranded on Christmas Eve
  + stars: | 2022-12-25 | by ( Sam Tabahriti | ) www.businessinsider.com   time to read: +2 min
A Tesla owner said he was left stranded on Christmas Eve after his car wouldn't charge in the cold. Domenick Nati, 44, said it was 19 degrees when he plugged his Tesla into a supercharger. On the afternoon of Christmas Eve, he decided to drive to another Tesla supercharger. He posted a video on TikTok about the problem that he said left him stranded on Christmas Eve. He also expected the Tesla trouble would stop him joining his son on Christmas morning to see him open his presents.
☆ A Tesla owner shared TikTok videos about the impacts of cold weather on his car showing he can't open the door, the frunk, or even charge it
  + stars: | 2022-12-17 | by ( Sam Tabahriti | ) www.businessinsider.com   time to read: +2 min
A Tesla owner shared TikTok videos showing he can't open the door, the frunk, or even charge it. TikTok user ddcustomz shares videos about "the facts of a Tesla," including videos showing what issues one may face with the vehicle during winter. In two other videos, the user showed he couldn't get the frunk open or charge his Tesla because of the ice covering it. He shares videos all year long of what it's like to own a Tesla, from maintenance tips to reviewing the Autopilot system. One Tesla owner shared his mishap with Insider last week after his car ordered him to pull over despite a full charge.
☆ Tesla's struggles in China and Europe may be a preview of the pain coming for Elon in the US
  + stars: | 2022-12-09 | by ( Asia Martin | ) www.businessinsider.com   time to read: +6 min
Reaching those numbers required cuts of up to 9% of the Model 3 and Model Y sale prices. Strong competition in China and EuropeMusk's auto company faces similar battles in Europe, the second-biggest EV market, behind China. Globally, Tesla's Model Y led the market last quarter, making up 7.5% of EV sales, Counterpoint reported. Competition is chipping away at Tesla's market share in the US, too. S&P Global Mobility predicts Tesla's market share will drop to 20% by 2025.
☆ A Tesla owner says his Model Y ordered him to pull over before it suddenly shut down, trapping him inside
  + stars: | 2022-12-09 | by ( Sam Tabahriti | ) www.businessinsider.com   time to read: +2 min
A Tesla owner said his five-day-old car suddenly shut down, leaving him trapped inside. YouTuber Tom Exton was 15 minutes into his journey before the car ordered him to pull over. He says the driver's window "somehow broke" when using the emergency override to get out of the car. Tom ExtonAccording to Tesla's emergency response guide for the Model Y, opening the front doors without power involved lifting the "mechanical release handle located near the window switches." Exton did point out that Tesla's customer service was very helpful and offered to pay for a hotel for the night.
☆ Harvard expert: The Twitter deal could be bad for Elon Musk—and for the rest of us
  + stars: | 2022-10-12 | by ( Annika Kim Constantino | ) www.cnbc.com   time to read: +3 min
(Photo by Theo Wargo/WireImage)Elon Musk's controversial bid to buy Twitter could be bad news — for both the world's richest person and the general public, a Harvard expert says. "Twitter is a distraction that could keep [Musk] from what's really important," George, who has studied leadership failures over the past two decades, tells CNBC Make It. From PayPal to Tesla and SpaceX, the tech billionaire had a hand in building some of the world's most influential and valuable companies. Musk has already spent the past six months "getting distracted" by the acrimonious Twitter takeover he first proposed in April, George says. In May, Musk tried to quell concerns about him getting distracted by the Twitter deal, saying "Tesla is on my mind 24/7" during an investor call.
☆ Tesla recalls more than a million cars over a fault with its automatic windows
  + stars: | 2022-09-22 | by ( Kate Duffy | ) www.businessinsider.com   time to read: +2 min
Tesla is recalling over one million cars due to an issue with its automatic windows, per the NHTSA. The window automatic reversal system might not work if an obstruction gets in the way, the NHTSA said. The NHTSA said 1,096,762 Tesla vehicles could have the fault. Tesla was not aware of any reports, injuries, or deaths related to the fault with its automatic windows, the document said. The NHTSA said in the filing that Tesla is expected to carry out a free software update for the automatic window reversal system.
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