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Dana HullFortune |
Late Saturday, Tesla cut the price of its Full Self-Driving software to $8,000 in the U.S. from $12,000.
The cheapest version of the Model Y is now $42,990 in the US, returning the sport utility vehicle’s starting price to the lowest it’s been.
Elon Musk cited “duplication of roles and job functions in certain areas” as the reason for the cuts, Electrek said, citing an email the CEO sent...
Tesla must now lure car buyers more focused on price and ease of use—and many of them worry about EV safety and range issues.
During annual performance reviews, employees usually get salary adjustments as well as merit-based stock grants on top of their existing equity.
Tesla recently stated, “From day one during onboarding, employees are exposed to our Diversity, Equity and Inclusion (DEI) principles."
The Cybertruck marks Tesla’s first entry into the highly competitive pickup truck market in the U.S.
It's a major setback for the company which has been laying the groundwork to expand to multiple US cities and Japan.
The move comes after a string of high profile accidents in San Francisco involving fire trucks and pedestrians.
Tesla's stock rose 2.2% in after-hours trading after Tesla confirmed the Cybertruck launch next month.
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