DIRS.INFO The most relevant business & tech news

☆ Richard Severo, Times Reporter in Internal Clash Over Book, Dies at 90
▼ + stars: | 2023-06-16 | by ( Sam Roberts | ) www.nytimes.com time to read: +1 min

Richard Severo, a prizewinning reporter for The New York Times whose challenge to what he considered a punitive transfer by the newspaper’s management became a cause célèbre among journalists in the 1980s, died on June 12 at his home in Balmville, N.Y., in the Hudson Valley. But while reporting for The Times’s science section, Mr. Severo ran afoul of his bosses when he decided to write a book drawn from his articles about a patient with neurofibromatosis — known as the “Elephant Man” disease — whose face was reconfigured after grueling surgery. Accounts of what happened next vary, but The Times, through its publishing subsidiary Times Books, was said to have claimed first rights to the book because it was based on Mr. Severo’s work for the newspaper. Mr. Severo, however, through his agent, had already begun auctioning the rights to other publishers. Times Books eventually bid $37,500 (about $110,000 in today’s dollars), but Harper & Row, with an offer of $50,000 (about $145,000) won the rights.

Persons: Richard Severo, Emóke Edith de Papp, Severo, George Polk, Meyer, Mike ” Berger, neurofibromatosis, Severo’s Organizations: The New York Times, Long Island University, New, Columbia University, Times, Harper Locations: Balmville, Hudson, New York State, New York

☆ Accused in Missing Man’s Grisly Killing: His Ex-Wife and Her Husband
▼ + stars: | 2023-06-16 | by ( Erin Nolan | ) www.nytimes.com time to read: +1 min

Just before 4 p.m. on April 28, 2020, Steven Kraft did as he often did on Tuesday afternoons. He caught up with them over a fast-food dinner before returning them to their mother’s home around 7 p.m.That was the last time anyone saw Mr. Kraft alive. But on Thursday, Mr. Kraft’s ex-wife, Jamie Orsini, and her husband, Nicholas Orsini, were arrested and each charged with one count of carjacking resulting in death and one count of conspiracy. The Orsinis are accused of concocting and executing an elaborate scheme to murder Mr. Kraft, 34, and dismember and burn his body, according to a criminal complaint filed in Federal District Court in White Plains, N.Y. Mr. Kraft’s body has not been recovered, according to investigators.

Persons: Steven Kraft, Kraft, Kraft’s, Jamie Orsini, Nicholas Orsini Organizations: Court Locations: Marlboro, N.Y, Beacon, White Plains

Ministry of Finance data showed on Thursday that exports rose 0.6% year-on-year in May, for the 27th straight month of rises, led by 66% growth in car shipments. Reuters GraphicsThis year, domestic demand may temporarily outpace slumping exports as a key driver of growth, said Takeshi Minami, chief economist at Norinchukin Research Institute. Separate government machinery orders data, also released Thursday, underlined the struggles faced by manufacturers though the overall numbers suggested the services sector is providing some cushion to the economy. U.S.-bound exports, another key market for Japanese exports, grew 9.4% in the year to May on double-digit gain in car shipment. "For the outlook of Japanese exports, the U.S. Fed's rate-hike pause is a positive news that will further vitalise American private consumption", said Kazuma Kishikawa, economist at Daiwa Institute of Research.

Persons: Darren Tay, Takeshi Minami, Kazuma Kishikawa, Tetsushi Kajimoto, Riddhima Talwani, Shri Navaratnam Organizations: Ministry of Finance, Capital Economics, Reuters, Norinchukin Research, Bank of Japan, Daiwa Institute of Research, Thomson Locations: TOKYO, Taiwan, South Korea, Japan, China, U.S

☆ Trump classified documents case differs from Biden, Clinton, Pence issues — here's how
▼ + stars: | 2023-06-15 | by ( Christina Wilkie | In | ) www.cnbc.com time to read: +7 min

But what they don't say is that Trump is the only former official who refused to return all the classified documents as soon as he was asked about them. Lawyers for President Joe Biden discovered 10 classified documents in November of last year at an office he used in downtown Washington. Experts say the crucial difference is intent, namely what Trump allegedly did after he learned the National Archives wanted the classified documents he had back. The boxes, the lawyer and the ex-presidentThe DOJ's indictment includes photos of classified documents found at former President Donald Trump's Mar-A-Lago residence. Out of options, the archives referred the missing classified documents case to the Justice Department, which obtained a grand jury subpoena on May 11 for all remaining classified material held by Trump.

Persons: Donald Trump, Trump, Trump's, Clinton, Biden, Joe Biden, United Kingdom Rishi Sunak, Drew Angerer, Hillary Clinton, General Merrick Garland, it's, Mike Pence, Pence, Jon Sale, Donald Trump's Mar, Walt Nauta, Nelson Mullins, Bill Clinton, David Rubenstein, David Kelley, that's, Nauta, hadn't Organizations: WASHINGTON, White, Pence U.S, White House, Getty, State, FBI, Justice Department, National Archives, Justice, DOJ, Mar, Trump ., MSNBC, Bloomberg, Southern, of, PBS Locations: United Kingdom, Washington ,, Washington, Wilmington , Delaware, Pence, Miami, Florida, Mar, Sale, New York, Clinton, U.S, of New York

☆ Tour Boat in Fatal Capsizing Was Unregulated and Had Tipped Before
▼ + stars: | 2023-06-15 | by ( Ed Shanahan | ) www.nytimes.com time to read: +1 min

After a tour boat capsized in a tunnellike cavern in western New York this week, killing a man and injuring nearly a dozen others, officials said they were investigating when the boat had last been inspected. The 300-foot canal in the dimly lit cavern, the Lockport Cave in Lockport, N.Y., is privately owned and is not a navigable body of water. As such, the narrow, flat-bottomed boat that was carrying 28 people on Monday operated in a regulatory limbo, officials said. Kathy Hochul directed her administration to “look at all possible ways to prevent future tragedies,” a spokesman said on Tuesday. But the governor’s spokesman, Matt Janiszewski, said that no state agency has jurisdiction over vessels in nonpublic, nonnavigable waterways.

Persons: Kathy Hochul, ”, Matt Janiszewski Organizations: U.S . Coast Guard, Buffalo News Locations: New York, Lockport, N.Y, U.S, Niagara Falls

☆ 20 Great Queer Y.A. Books to Add to Your Reading List
▼ + stars: | 2023-06-15 | by ( ) www.nytimes.com time to read: 1 min

Looking to dive into a new queer young adult novel? We asked 20 authors of queer Y.A. literature to recommend a queer Y.A. The one thing they have in common, though, is they all explore the beauty, challenges and complexity of being queer today. So without further ado, here are 20 queer Y.A.

Persons: We’ve, we’ve

☆ Thieves’ Loot: A Warhol, a Pollock and 9 of Berra’s World Series Rings
▼ + stars: | 2023-06-15 | by ( Eduardo Medina | ) www.nytimes.com time to read: +1 min

An alarm at the International Boxing Hall of Fame in Canastota, N.Y., blared at about 2 a.m. on a fall morning in 2015, prompting its director to drive to the building and learn that culprits had broken in and stolen six championship belts from the ’40s and ’50s. “Who could do this to a hall of fame museum?” Edward Brophy asked police officers. Blood from one of the thieves appeared to drip from the splintered glass of a window they had broken in through. Mr. Brophy recalled thinking at the time: Maybe that would help investigators find the culprits. Nearly a decade later, it did.

Persons: ” Edward Brophy, Brophy, Andy Warhol, Yogi Berra, — Organizations: International Boxing Hall of Fame, Federal, New York Yankees Locations: Canastota, Pennsylvania, Pennsylvania , New Jersey , New York , Massachusetts, North Dakota

Companies Tesla Inc FollowBERLIN, June 15 (Reuters) - Tesla (TSLA.O) will hire fewer temporary workers at its plant outside Berlin than it did in its ramp-up phase and refrain from Saturday shifts, but it is still on track to achieve its production targets, the company said on Thursday. The electric carmaker maker has offered discounts of up to 3,490 euros ($3,842) for a China-made Model 3 and 3,660 euros ($4,029) for a Berlin-made Model Y, according to Tesla Info's list of global inventory. Tesla CEO Elon Musk told shareholders last month that the company would try advertising for the first time, in a move seen by analysts as a means to drum up demand. French President Emmanuel Macron will meet Musk on Friday, the second time in just over a month, to promote France as a possible site for a second Tesla factory in Europe. Reporting by Victoria Waldersee Editing by Miranda Murray and Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Tesla, Elon Musk, Emmanuel Macron, Musk, Victoria Waldersee, Miranda Murray, Mark Potter Organizations: Tesla, Business, Victoria, Thomson Locations: Berlin, China, France, Europe

☆ The Supreme Court preserved the Indian Child Welfare Act, giving tribal families preference in Native American adoptions
▼ + stars: | 2023-06-15 | by ( Associated Press | ) www.businessinsider.com time to read: +6 min

The Supreme Court issued a decision Thursday preserving the Indian Child Welfare Act. The law aims to keep Native American kids in tribal families in foster care and adoption cases. This was the third time the Supreme Court has taken up a case on the IWCA. In the not-so-distant past, Native children were stolen from the arms of the people who loved them," Biden said in a statement. Matthew McGill, who represented the Brackeens at the Supreme Court, said he would press a racial discrimination claim in state court.

Persons: —, Amy Coney Barrett, Clarence Thomas, Samuel Alito, Alito, Chuck Hoskin, Charles Martin, Tehassi Hill, Guy Capoeman, Joe Biden, Biden, Chad, Jennifer Brackeen, Fort Worth , Texas —, Brett Kavanaugh, Kavanaugh, Matthew McGill, McGill Organizations: Indian Child Welfare, Service, WASHINGTON, Republican, Child Welfare, Cherokee Nation, Morongo, Mission, Oneida, Quinault Indian Nation, Democratic, Navajo, Supreme Locations: Quinault, Delaware, Alaska, Texas, Fort Worth , Texas, American, Navajo, Southwest, Cherokee, Sur Pueblo

☆ S&P 500, Nasdaq futures rise in run-up to Fed rate verdict
▼ + stars: | 2023-06-14 | by ( Reuters Staff | ) www.reuters.com time to read: +2 min

(Reuters) -The S&P 500 and Nasdaq futures edged higher on Wednesday as investors overwhelmingly expect the Federal Reserve to pause its monetary tightening campaign later in the day. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 5, 2023. U.S. stocks have rallied in recent weeks, pushing the benchmark S&P 500 and Nasdaq to 14-month highs, boosted by signs of economic resilience, an upbeat earnings season and hopes that interest rates were near their peak. ET, Dow e-minis were down 42 points, or 0.12%, S&P 500 e-minis were up 7 points, or 0.16%, and Nasdaq 100 e-minis were up 17.75 points, or 0.12%. Tesla Inc added 2.0% as the electric-vehicle maker slightly increased the price of its Model Y car in the United States.

Persons: Brendan McDermid, ”, Richard Flynn, Charles Schwab, Jerome, Humana Organizations: Reuters, Federal Reserve, New York Stock Exchange, REUTERS, Traders, Nasdaq, Dow e, Services, Tesla, United Health Group, CVS Health Locations: New York City, U.S, United States

☆ Why are other automakers chasing Tesla's 'Gigacasting'?
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: +4 min

Here's a look at Gigacasting and how the innovation is forcing automakers to scramble to match Tesla:WHAT IS GIGACASTING? The Giga Press is an aluminium die-casting machine adopted by Tesla at its factories in the U.S., China and Germany. The house-sized machines are able to produce aluminium parts far bigger than anything used before in auto manufacturing. Toyota said it expected that using aluminium die-casting would eliminate dozens of sheet metal parts from assembly and reduce waste. The global aluminium die-casting market was worth almost $73 billion last year and is projected to top $126 billion by 2032, showed an AlixPartners analysis.

Persons: Matthew Childs, Tesla, Elon Musk, Zeekr, Kevin Krolicki, Christopher Cushing Organizations: REUTERS, Toyota, Giga Press, EVs, WHO, Industries, Buhler Group, HK, General Motors, Hyundai Motor, Volvo, EV, Thomson Locations: London, Britain, U.S, China, Germany, Italy, Europe, Japan, Gothenburg, Sweden

☆ Tesla slightly raises Model Y price in US
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: +1 min

June 13 (Reuters) - Tesla Inc (TSLA.O) slightly increased the price of its Model Y electric vehicle in the United States on Tuesday, according to its website. The company increased the price of the variant by a mere $250, bringing it to $47,740, the website showed, while the prices for the other variants remained unchanged in the U.S. This is the third price hike for the Model Y since April 19, when Tesla last cut prices for some of its cars in the country. In May, the company had increased the price of its Model S, X, and Y vehicles by low single-digit percentages. But even after Tuesday's price hike, the price of the Model Y remains 4.5% below the price before it was slashed earlier in April.

Persons: Tesla, Elon Musk, Gokul, Rashmi Organizations: Tesla Inc, Thomson Locations: United States, U.S, Bengaluru

Mr. Adams on Tuesday angrily rebuffed the notion that he was facing a staff exodus, and accused the media that covers him of existing in a narrative-generating “bubble.” He noted that he oversaw more than 300,000 employees, and the high-level departures represent just a fraction of the city work force. “And we’re saying, is everybody running for the door?” he said. “No, everybody is running to do their job.”Reached by phone on Tuesday afternoon, Ms. Sewell declined to comment on her exit. “This is an unprecedented moment in New York’s history and we should acknowledge that everyone who works in public service is under tremendous pressure to manage myriad crises,” Mr. Young said. “People will leave, but one thing remains the same: our commitment to handling the crises we inherited, turning this city around, and improving the lives of all New Yorkers.”

Persons: Adams, “, ”, Sewell, Banks, ” Max Young, Mr, Young

☆ Mass layoffs are creating a new generation of founders building climate, health, and fintech startups
▼ + stars: | 2023-06-14 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

Tech layoffs are fuelling an influx of new founder talent. Delivery Hero scaled down its ghost kitchen project and, despite being offered another role internally, Pankow exited in December 2022. As the cofounder of cybersecurity startup Simplyblock, he is part of a new wave of founders born of tech layoffs. In 2022, programme applications from founders working at tech companies that have made layoffs increased by 111% to 1,273. "As the world's strongest talent, capital and political will gravitates towards this issue, we are seeing founders building technology designed to leave a real impact," Klink added.

Persons: Rob Pankow, Pankow, Christoph Klink, Klink, Ling Walker, Patreon, Tasmin Lockwood Organizations: Meta, WIRED, Ventures Locations: Berlin, Patreon

☆ Opinion | If Democrats Win Back the House, They Will Have John Roberts to Thank
▼ + stars: | 2023-06-14 | by ( Thomas B. Edsall | ) www.nytimes.com time to read: +5 min

And Milligan weakens Florida’s defense for eliminating a Black opportunity district around Jacksonville, which hinges on race-conscious districting being unconstitutional. Put it all together and at least 2-3, and quite possibly more, congressional districts are likely to change hands because of Milligan. Lower courts have found already that the current maps in those states likely, or do, violate Sec. In Texas, it’s possible one or more new Hispanic VRA districts will have to be created. In that context, Roberts continued, “we are not persuaded by Alabama’s arguments that section 2 as interpreted in Gingles exceeds the remedial authority of Congress.”

Persons: Milligan, Wasserman, Cook, ”, “ Lean, Nicholas Stephanopoulos, Stephanopoulos, Richard Pildes, Pildes, John Roberts’s, Roberts Organizations: Democratic, Harvard, Republican Locations: Alabama, Louisiana, North Carolina, Washington, It’s, Georgia, Texas, Jacksonville, N.Y.U, Alabama , Louisiana, Gingles

☆ Kelis is feeling 'blessed, rich and happy'
▼ + stars: | 2023-06-14 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

CNN —It started out that Kelis “wouldn’t bother” to address speculation she is in a May-December romance with actor Bill Murray. But, in fact, she did have a bit to say. After writing on social media that she wouldn’t respond to questions about whether or not they are dating, the 43-year-old singer later posted a comment which seemed to address her status with the 72-year-old actor. She recently posted a series of photos and video on her verified Instagram account, enjoying the summer weather, captioned, “I’m a beach bum.”After someone commented, “Bill got u out here riding his wave” and the “media is destroying y’all lol,” Kelis responded, “Lol yeah maybe for now.”“Everyones dumb and will believe everything but the best part is we are both blessed, rich and happy,” she replied. “So who’s really laughing [laughing emoji] now that’s funny.”CNN has reached out to representatives for Kelis and Murray for comment.

Persons: Kelis “, ”, Bill Murray, “ Bill, Kelis, Lol, Murray Organizations: CNN

☆ Yearning to Be a Father, but Still Waiting
▼ + stars: | 2023-06-14 | by ( Holly Burns | ) www.nytimes.com time to read: +1 min

The New York Times spoke to five men about what it’s like to want children but not yet have them. The age factorDuring Tommy Bentz’s 22-year marriage, he wanted children but his ex-wife did not. After they divorced in 2021, when he was 51, he came to the conclusion that he would likely never have them. Robert DeNiro, 79, recently made headlines for fathering a child, and Al Pacino, 82, is expecting a new baby. But Mr. Bentz said he would have “a feeling of creepiness” partnering with a woman young enough to get pregnant.

Persons: Tommy Bentz’s, ”, Bentz, Robert DeNiro, Al Pacino, creepiness, Daniel H, Williams Organizations: New York Times, University of Wisconsin School of Medicine, Public Health Locations: Northern Wisconsin

☆ ‘It Requires Genius and He Had It’: Readers on Cormac McCarthy
▼ + stars: | 2023-06-14 | by ( ) www.nytimes.com time to read: +1 min

That’s the way it’s been for me when it comes to his writing. He may not be the kind of writer that everyone would take to. “I read ‘The Road’ in one sitting, overnight, and it has never left me. I remain haunted by that vision, forever.” — Diana Dubrawsky, Silver Spring, Md. Maybe it was the hormones, but I felt the prose was lyrical and shifting in an interesting way, even as it described horror.

Persons: ” — Milan Karol, “, ”, Diana Dubrawsky, ’, — Yoav Grunstein, Cormac McCarthy’s Locations: Baltimore, Md, New York, N.Y

☆ 6 years ago, AI startup MindsDB was an open source project that few took seriously. Now it's worth $160 million and on a growth rocketship.
▼ + stars: | 2023-06-14 | by ( Vishal Persaud | ) www.businessinsider.com time to read: +5 min

MindsDB helps developers apply machine learning to their data to build AI applications. Founded in 2017, the startup began as an AI open source project that some doubted in its early days. But six years ago, MindsDB was just an abstraction and later an open source AI project that few paid attention to. "'You're going to be able to automate the work of a machine learning engineer? "After YC, we became an actual company," Torres said.

Persons: MindsDB, Jorge Torres, he's, Torres, cofound, Adam Carrigan, Aneesh Chopra, Barack Obama, Carrigan, Michael Seibel, Y, Seibel, Luck, There's, It's Organizations: Mayfield Fund, Benchmark, Forbes, Investors, CareJourney, Mayfield Locations: London

☆ Lawmaker who opposed tech antitrust bills to become top Democrat on House subcommittee
▼ + stars: | 2023-06-14 | by ( Lauren Feiner | ) www.cnbc.com time to read: +2 min

Rep. Lou Correa, D-Calif., who opposed a package of bills seeking to reform antitrust law to rein in Big Tech companies, will become the top Democrat on the House Judiciary subcommittee on antitrust, Judiciary Committee Ranking Member Jerry Nadler, D-N.Y., announced Wednesday. CNBC first reported that Correa was the top contender for the role, despite his voting record on antitrust deviating from that of his predecessor. It resulted in a package of bills to limit their power that passed through the subcommittee under Cicilline's stewardship. But Correa and other California lawmakers on the subcommittee voted against the bills. WATCH: Here's why some experts are calling for a breakup of Big Tech after the House antitrust report

Persons: Lou Correa, Jerry Nadler, Correa, David Cicilline, Ken Buck, Thomas Massie, Buck, Cicilline Organizations: Big Tech, CNBC, Former, Democratic, Republican, Apple, Google, Facebook, Congressional Hispanic Caucus, Punchbowl News, Committee, YouTube Locations: California

☆ The 14 Best Women’s Bathing Suits for Sun and Sand
▼ + stars: | 2023-06-13 | by ( Erika Veurink | ) www.wsj.com time to read: +9 min

The brand’s Sidestroke one-piece style is a top pick for Tussey. High-waisted optionNana Castro, a fashion content creator who splits her time between New York and Florida, raves about the flattering silhouette of these full-coverage bikini bottoms from Aerie. The brand’s Balconette swim top style (which comes in bra sizes) is supportive with lightweight, flexible underwire. Vintage-inspired pickMadewell x OOKIOH Savannah One-Piece Swimsuit $125 at MadewellOne pieces don’t have to be boring—take this bold golden suit in a classic silhouette, for example. “I really love a vintage-inspired classic one-piece, maybe because I like the idea of wearing it with high-waisted pants as an everyday bodysuit,” she says.

Persons: Erika Veurink, we’ve, men’s swimsuits, Retta Leritz, ”, Tyler McCall, “, Nana Castro, Castro, Aemelia Madden, ” Madden, Madden, It’s, Taylor Hansen Hughes, Nordstrom, Hughes, Kelly Mittendorf, ain’t, Karen Blanchard, Blanchard, Christene Barberich, Apt, Madewell Organizations: Abercrombie, Fitch, Free, Mare, New, Refinery29 Locations: Louis, Brooklyn, New York, Florida, N.Y, New York City, Moonstone

The plan comes a day before an annual shareholders meeting where governance and strategy - including a slow pivot to battery EVs under former CEO Akio Toyoda - will be scrutinised. Toyota said it aims to launch next-generation lithium-ion batteries from 2026 offering longer ranges and quicker charging. At the high end of the market, Toyota said it would produce an EV with a more efficient lithium-ion battery offering a range of 1,000 km (621 miles). An EV powered by a solid-state battery would have a range of 1,200 km and charging time of just 10 minutes, Toyota said. "What we want to achieve is to change the future with BEVs," Takero Kato, president of new Toyota EV unit BEV Factory, said in a video posted on the automaker's YouTube channel on Tuesday.

Persons: Akio Toyoda, Koji Sato, Takero Kato, BEV Factory, Henry Ford, Koji Endo, Toyota's, I'm, it's, Toyota's BEV Factory, Kato, Tesla, Daniel Leussink, Christopher Cushing, Kevin Krolicki Organizations: Toyota, EVs, Tesla, Engineers, Toyota EV, YouTube, NEW ASSEMBLY, SBI Securities, Lexus, Thomson Locations: TOKYO, China

☆ Factbox: Toyota unveils battery, production innovations for new EVs
▼ + stars: | 2023-06-13 | by ( ) www.reuters.com time to read: +3 min

Toyota released a technology briefing, including details on new solid-state batteries, a day before its annual shareholder meeting where governance, climate lobbying and EV strategy are under scrutiny. Here are Toyota's key announcements:BATTERY TECHNOLOGYToyota has a number of initiatives to improve battery performance and reduce cost, and said it was ready to move from research toward production of solid-state batteries. It aims to sell vehicles powered by solid-state batteries by 2027 or 2028. Toyota said, without providing details, it had achieved a "technological breakthrough" overcoming problems previously identified with solid-state batteries' durability. Those chips promise to reduce power loss to the electric motor of an EV by up to 50%, Toyota said.

Persons: Daniel Leussink, Kevin Krolicki, Christopher Cushing Organizations: Toyota, EV, Tesla, Mitsubishi Heavy Industries, Mitsubishi, Denso, Thomson Locations: TOKYO, U.S, Tokyo, Singapore

The Japanese carmaker said it aims to launch next-generation batteries from 2026, seeking to win over consumers with vehicles that offer longer driving ranges and quicker charging times. It also said it was developing a method to mass produce solid-state batteries, which it aims to commercialise in 2027-2028. The automaker said it would produce an EV with a more efficient lithium-ion battery which would have a range of 1,000 km (621 miles). "We will launch the next-generation battery EVs globally and as a full lineup on the market from 2026," Kato said. Toyota also detailed other technologies that it plans to deploy to reduce costs for its EVs and batteries.

Persons: Takero Kato, BEV Factory, Kato, Tesla, Daniel Leussink, Christopher Cushing, Kevin Krolicki Organizations: Toyota, EVs, Tesla, Toyota EV, YouTube, U.S, Lexus, Thomson Locations: TOKYO

☆ Teslas are cheaper than ever — and that's creating a headache for the entire auto industry
▼ + stars: | 2023-06-13 | by ( Nora Naughton | Graham Rapier | ) www.businessinsider.com time to read: +3 min

You can now get a Tesla Model Y for cheaper than the average car. Tesla's price war is spilling over out of the electric vehicle market as Elon Musk's car company continues to slash prices. Add on the $7,500 EV tax credit, and you can now purchase a Model Y for around $42,500. To make things even worse for competitors, all Model 3 and Model Y vehicles now qualify for the full tax credit, too. As a strategy for boosting demand, Tesla's price cuts appeared to be working in the first quarter, reporting a 36% increase in deliveries during that period.

Persons: Tesla, Price, Edmunds, Martin French, They've, Musk, We've Organizations: Tesla, Elon, Ford, GM, EV

Search resuls for: "y."

25 mentions found