Tesla Slashes Prices in China Again after Deliveries Slump
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Tesla slashes prices amid slumping sales
Tesla dropped the prices of its vehicles globally on Friday as the largest electric vehicle manufacturer faces declining sales. The prices of the Model X, Model Y and Model S — three of its four best-selling vehicles — were each reduced by ...The Hill - Politics - Tesla -
Tesla’s stock remains under pressure as company cuts prices for many models
Tesla cut prices for many of its vehicles in the U.S., China and Europe over the weekend amid slumping sales.MarketWatch - Business -
Tesla slides 3%, Li Auto sinks 8% as EV makers slash prices amid fierce competition
Tesla shares sank 3%, while China's Li Auto hit an 11-month low after both companies slashed prices of their electric vehicles in China.CNBC - Business - Tesla -
Tesla, Li Auto Cut Prices in China as EV Competition Heats Up
The price cuts came as sales of electric and hybrid vehicles in China surpassed those of traditional cars for the first time.The Wall Street Journal - World - China -
Tesla, Li Auto Cut Prices in China as EV Competition Heats Up
The price cuts came as sales of electric and hybrid vehicles in China surpassed those of traditional cars for the first time.The Wall Street Journal - Business - China -
Tesla and Li Auto are in an intensifying price war in China, undercutting each other as sales of electric and hybrid vehicles there surpassed those of traditional cars for the first time.
Tesla and Li Auto are in an intensifying price war in China, undercutting each other as sales of electric and hybrid vehicles there surpassed those of traditional cars for the first time.The Wall Street Journal - World -
Apple iPhone Sales Slump in China Amid Huawei's Comeback
Apple’s smartphone sales in the world’s largest smartphone market dropped sharply, placing the company third overall behind local rivals, Vivo and Honor.The Wall Street Journal - Tech - Apple -
Tesla cuts prices in major markets as sales fall
The move comes after the firm reported a sharp fall in deliveries in the first three months of 2024.BBC News - Top stories - Tesla -
Tesla Cuts Prices on Cars and Self-Driving Systems
Dominant EV maker's voltage dims after sales slow and new design is scrapped.Inc. - Business - Tesla -
Mexico’s AMLO Says Peso Slump ‘Helps’ After Becoming Too Strong
Yahoo News - World -
Tesla cuts prices around the world as sales decline in a chaotic week
Global vehicle deliveries fall for first time in four years amid growing competition, while Cybertruck faces recall. Tesla slashed prices of three of its five models in the US late on Friday, then went on to cut prices around the globe – including ...The Guardian - World - Tesla -
Tesla cuts the price of its "Full Self Driving" system by a third to $8,000
Tesla knocked about a third off the price of its “Full Self Driving” system — which can’t drive itself and so drivers must remain alert and be ready to intervene — to $8,000 from $12,000, according to the company websiteABC News - Tech - Tesla -
Tesla cuts the price of its "Full Self Driving" system by a third to $8,000
That's the latest evidence of the challenges facing the electric vehicle maker.ABC News - Top stories - Tesla -
Tesla Stock Drops Premarket Following Car Price Cuts
The electric-vehicle maker’s stock fell more than 3.5% in premarket trading. The decline reflects an array of problems, including cooling sales and growing competition from Chinese car makers.The Wall Street Journal - World - Tesla -
Tesla cuts prices around the globe amid slowing demand for its EVs
Tesla reduced prices by $2,000 on three of its five models in the U.S. and also slashed prices in China and Germany.CBS News - Top stories - Tesla -
Tesla to Post Earnings After Tough Start to Year
The automaker is set to report its results after the market closes. Dour analyst projections on sales and profit reflect its rough start to 2024.The Wall Street Journal - World - Tesla -
Tesla to Post Earnings After Tough Start to Year
The automaker is set to report its results after the market closes. Dour analyst projections on sales and profit reflect its rough start to 2024.The Wall Street Journal - World - Tesla -
Tesla shares slide to 15-month low ahead of earnings, as Wall Street frets over price cuts, layoffs
Tesla's stock dropped for a seventh straight day on Monday, ahead of a highly anticipated earnings report from the electric vehicle company.CNBC - Business - Tesla -
Ford shares surge on Tesla's EV price cuts as the legacy automaker falls back on its roots
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.CNBC - Business -
Spotify Makes Progress on Profitability Push, but User Growth Slows
Spotify came up short on user growth, but swung to a profit in the first quarter, delivering a mixed earnings report as it works to achieve consistent profitability this year.The Wall Street Journal - World -
UK lawmaker won't run again after allegations of late night call for funds to pay off 'bad people'
A British lawmaker who allegedly used campaign funds to pay off people who were holding him hostage says that he won't seek reelection after the governing Conservative Party found his behavior fell below the standard expected of members of ParliamentABC News - World - United Kingdom -
Millions at risk of floods in China’s Guangdong province after heavy rain
Officials urge municipalities to begin emergency planning after major rivers and reservoirs threaten to overflow. Major rivers, waterways and reservoirs in China’s Guangdong province are threatening to unleash dangerous floods, forcing the ...The Guardian - World - China -
Higher airfares expected as U.S. airlines project delivery of fewer planes
U.S. airlines are projected to receive 40% fewer planes this year, which could impact how much you pay. NBC News’ Marissa Parra has more on the challenges travelers could face during the summer travel season.NBC News - Top stories -
Amazon offering $9.99-a-month grocery delivery sub for Prime Members
Amazon.com Inc. said Tuesday it is introducing a $9.99-a-month grocery delivery subscription service for Prime members and a lower-cost $4.99-a-month service for customers using electronic benefits transfer, or EBT.MarketWatch - Business - Amazon -
Slash tax on profits from Russia’s frozen assets, US urges allies
Maximise every euro from immobilised reserves to aid Ukraine, says Biden adviser Daleep SinghFinancial Times - World - Russia -
Gold Futures Slump as Middle East Tensions Ease
Gold future prices fell more than 1%, hitting its lowest price since early April, as tensions between Israel and Iran eased and safe haven demand melted away.The Wall Street Journal - World -
UPS Revenue Slumps as Shipping Slowdown Persists
The delivery company posted another drop in quarterly revenue, after the delivery company shipped fewer packages both domestically and internationally.The Wall Street Journal - World -
Amazon ends drone program in California, plans to start deliveries in Arizona later this year
Amazon has been slow to expand Prime Air program since founder Jeff Bezos first sketched out his vision for drone deliveries in 2013.CNBC - Business - California -
HYT Aims to Bounce Back — Again
After the brand’s roller-coaster decade, Vincent Perriard is now running the show — and trying to calm the waters.The New York Times - Lifestyle -
Winless Olyroos slump out of Olympics contention without a single goal scored
Australia held to goalless draw by Qatar in final qualifying gameMen’s team will not join Matildas at Paris Games this yearAustralia’s Olympic football hopes will rest solely with the Matildas after the men’s team failed to qualify. The Olyroos ...The Guardian - World -
Slumping EV sales should not ring alarm bells in Europe — yet
European carmakers should use this market slowdown to play catch-up with Chinese rivalsFinancial Times - Business -
Revolut plans advertising sales push as it waits for banking licence
The London-based fintech has hired a TikTok executive to lead a ‘media strategy’ as it seeks to diversify revenuesFinancial Times - Business -
UK grocery inflation falls to 30-month low
Grocery price growth eases to 3.2% in four weeks to mid-April as retailers focus on special offersFinancial Times - Business - United Kingdom -
Revolut plans advertising sales push as it waits for banking licence
The London-based fintech has hired a TikTok executive to lead a ‘media strategy’ as it seeks to diversify revenuesFinancial Times - Business -
Denver's full force was felt in Game 1 against the Lakers as title defense begins with a win
The Nuggets prevailed in Game 1 behind a complete team effort, while the Lakers got little help outside of LeBron James and Anthony Davis.Yahoo Sports - Sports - NBA -
A's dominated by Guardians yet again in ‘tough' series sweep
The A's have yet to figure out the dominant Cleveland Guardians.Yahoo Sports - Sports - MLB -
Salman Rushdie Is Again the Toast of Literary Manhattan
Nearly two years after he was stabbed, he was in fine form as he greeted his fellow writers at a party celebrating his candid memoir, “Knife.”The New York Times - Lifestyle -
Bitcoin miners upgrade power centers and get into AI to brace for slashed revenue post halving
Bitcoin mining firms diversify their revenue streams to brace for halving.CNBC - Business -
Tesla Will Recall Cybertruck in Latest Setback
A federal auto safety agency said the accelerator pedal on the pickup truck, sales of which began in late 2023, could become stuck, increasing the risk of accidents.The New York Times - Business - Tesla -
Tesla Will Recall Cybertruck in Latest Setback
A federal auto safety agency said the accelerator pedal on the pickup truck, sales of which began in late 2023, could become stuck, increasing the risk of accidents.The New York Times - Tech - Tesla