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Tesla slashes vehicle and self-driving-ish software prices as shares plummet
(www.theregister.com)
this post was submitted on 23 Apr 2024
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This is the best summary I could come up with:
Speaking on his social media platform X over the weekend, Tesla supremo Elon Musk said price adjustments are an essential part of doing business in the auto industry.
That was followed not long after by the company asking shareholders to reinstate Musk's $56 billion pay package that was recently voided by a Delaware court – again, bad timing given the state of Tesla lately.
Along with cutting prices over the weekend, Elon Musk also postponed a scheduled trip to India in which he was predicted to announce Tesla's expansion into the country.
EV sales have generally been on a decline of late, putting some of the world's biggest manufacturers – like Tesla and Li – in a relatively tight spot.
Tesla recently announced plans to kill its low-priced Model 2 vehicle – a seemingly ideal move when consumers want lower priced electric cars.
PS: Mercedes now reckons it's the first automaker to sell actual self-driving cars in America that don’t require drivers to keep an eye on the road.
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