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Tag: Tesla

  • Elon Musk anuncia que ya encontró a una nueva CEO para Twitter | Entrepreneur

    Elon Musk anuncia que ya encontró a una nueva CEO para Twitter | Entrepreneur

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    Elon Musk ha encontrado a la persona que ocupará el cargo de CEO en Twitter. El anuncio lo hizo el día de hoy a través de la red social: “Emocionado de anunciar que he contratado a un nuevo CEO para X/Twitter. ¡Ella comenzará en ~6 semanas! Mi rol pasará a ser presidente ejecutivo y CTO, supervisando productos, software y sysops“.

    Aunque el multimillonario no dio a conocer mayores detalles, por su tuit sabemos que se trata de una mujer.

    En diciembre del año pasado Elon Musk preguntó a los usuarios de la plataforma por medio de una encuesta si debía de dejar el cargo y buscar a alguien más. Al terminar el periodo de votación, el 57.5% de los participantes dijeron que debía de buscar a su reemplazo. En ese momento Musk tuiteó: “¡Renunciaré como CEO tan pronto encuentre a alguien lo suficientemente inocente como para aceptar el puesto!”

    Desde que tomó el control de la plataforma en octubre del año pasado, Musk ha hecho múltiples cambios en la empresa incluyendo un nuevo sistema de verificación de cuentas por suscripción, la erradicación del trabajo a distancia, el recorte de cerca del 80% de la planta laboral y más recientemente la posibilidad de enviar mensajes cifrados desde la aplicación.

    La llegada de un nuevo director ejecutivo a Twitter permitirá a Musk poner más atención a sus otras empresas, incluyendo a Tesla, cuyos inversionistas han criticado al empresario de estar demasiado ocupado en la red social y descuidando la firma de autos eléctricos.

    Las acciones de Tesla subieron hoy un 2.4% después de que Musk anunciara la próxima llegada de la nueva CEO.

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  • Elon Musk says he’s hired new CEO for Twitter; is it NBCUniversal’s Linda Yaccarino?

    Elon Musk says he’s hired new CEO for Twitter; is it NBCUniversal’s Linda Yaccarino?

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    Twitter Chief Executive Elon Musk says he’s found a new CEO to run Twitter and its parent company, X Corp., and “she” starts soon.

    “Excited to announce that I’ve hired a new CEO for X/Twitter. She will be starting in ~6 weeks!” Musk tweeted Thursday afternoon. “My role will transition to being exec chair & [chief technology officer], overseeing product, software & sysops.”

    Musk did not offer any clues as to the identity of Twitter’s incoming CEO, but late Thursday, the Wall Street Journal reported Linda Yaccarino, NBCUniversal’s head of advertising, was in talks to become the CEO.

    Yaccarino has worked at Comcast’s
    CMCSA,
    +1.28%

    NBCU for more than a decade, and has been an industry advocate in finding better ways to measure advertising’s effectiveness, according to the Journal.

    “She knows metrics in advertising, and has played in different media,” Timothy Hubbard, assistant professor of management at the University of Notre Dame’s Mendoza College of Business, said in an interview. “I don’t know much about her, but she can balance Musk somewhat with her flexibility in advertising.”

    Wedbush analyst Dan Ives said the move is good for the stock of Tesla Inc.
    TSLA,
    +2.10%
    ,
    where Musk is also CEO.

    “Musk stepping down as Twitter CEO sooner than thought is clearly good news overall for Tesla investors,” Ives said on Twitter. “Less time focused on Twitter platform and more time around Tesla SpaceX…balancing act too difficult and needed to make this move sooner rather than later.”

    In a note, Ives added: “With the tweet this afternoon, Musk’s reign as CEO of Twitter has finally come to an end and thus will be a positive for Tesla’s stock starting to finally remove this lingering albatross from the story,” and maintained Tesla’s outperform rating.

    In December, Musk posted a Twitter poll asking if he should step down as CEO. A majority said yes, and he responded saying: “I will resign as CEO as soon as I find someone foolish enough to take the job! After that, I will just run the software & servers teams.”

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  • Should You Sell Tesla Stock In May? Maybe Not.

    Should You Sell Tesla Stock In May? Maybe Not.

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    Tesla


    shares have been on a wild ride lately as investors debate profit margins, price cuts and EV demand. Predicting what’s next is no easy task given all that, plus rising interest rates and persistent inflation. Stock charts and stock seasonality can help investors get a sense of whether or not they should just sell in May and come back and revisit shares later in the year.

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  • Mobileye Shocks With Lower Guidance. Blame Tesla.

    Mobileye Shocks With Lower Guidance. Blame Tesla.

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    Self-driving-technology company


    Mobileye Global


    reported a disappointing quarter, and cut full-year financial guidance. The electric-vehicle price war, being led by


    Tesla


    is the main reason.



    Mobileye


    stock (ticker: MBLY) is down significantly in Thursday trading, falling more than 23%. The


    S&P 500


    and


    Nasdaq Composite


    are up about 0.6% and 0.9%, respectively.

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  • GM Raises 2023 Profit Outlook, Kills Off Chevy Bolt EV

    GM Raises 2023 Profit Outlook, Kills Off Chevy Bolt EV

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  • Tesla’s Profit Margins Were Just Bad. The Stock Is Diving.

    Tesla’s Profit Margins Were Just Bad. The Stock Is Diving.

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    Price wars have consequences, even for Tesla, the world’s most valuable car company. 

    Tesla‘s (ticker: TSLA) first-quarter earnings, reported Wednesday evening, met expectations, but its first-quarter automotive gross profit margins were bad. No matter how investors slice and dice the numbers, results will leave them with questions about EV demand and Tesla’s pricing strategy.

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  • Tesla’s Price War Could Hit Its Profits

    Tesla’s Price War Could Hit Its Profits

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    Electric vehicle leader


    Tesla


    is expected to report lower earnings on higher sales Wednesday evening after the electric vehicle maker slashed prices to draw in buyers.

    The EV war, with traditional auto makers spending billions to catch


    Tesla


    (ticker: TSLA), has morphed into a price war. The car maker’s quarterly earnings will help investors figure out who is winning.

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  • Electric-vehicle tax credit: See which EVs qualify on updated list

    Electric-vehicle tax credit: See which EVs qualify on updated list

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    The Biden administration, pushing for more U.S. manufacturing, has issued its updated list of all-electric and gas-electric hybrid vehicles that qualify for the full $7,500 tax credit, and those that can earn at least a partial sweetener for buyers.

    With the update, 16 models are now eligible for a full or partial tax credit, based on new thresholds that require a certain percentage of the battery parts and the minerals used in those batteries to come from North America, meaning the U.S., or a country with select trade agreements with the U.S.

    The total is down from 25 electric and plug-in models previously eligible for a U.S. tax break, which were first introduced about 10 years ago.

    The revision limits the selection to vehicles built by four car companies: Tesla Inc.
    TSLA,
    -0.96%
    ,
     Ford Motor Co.
    F,
    -0.04%
    ,
     General Motors Co.
    GM,
    +0.17%

    and Stellantis NV
    STLA,
    +0.03%
    ,
    which owns Jeep and Chrysler.  

    See the full list.

    The government site also advises on tax incentives for used vehicles and leased vehicles.

    For buyers to claim the full $7,500 tax credit, a percentage of the pre-determined battery parts must be made in North America and a percentage of critical minerals sourced in the U.S. or from certain trade-friendly countries. A partial $3,750 credit is available for meeting one of these two battery-sourcing requirements.  


    Terrence Horan

    Not a single electric model from a foreign brand is eligible for the subsidy as revised. And EVs from startups, such as passenger- and commercial-truck maker Rivian Automotive Inc.
    RIVN,
    -1.64%

    and luxury brand Lucid Group Inc.
    LCID,
    -0.19%
    ,
    also missed making the list. That’s largely because their vehicles are too expensive for the price contingencies that inform which autos qualify. Income levels of buyers are also a consideration.

    Still, the new rules make for certain immediate winners over others.

    Nearly all of GM’s new EV models are eligible for the full $7,500 tax credit. Six Ford electric and plug-in hybrid models also qualify for a partial or full tax credit, including the Mustang Mach-E and F-150 Lightning. 

    Among Tesla’s models, some entry-level Model 3 sedans will get a $3,750 credit. That is because the car uses battery cells made in China. Higher-end Model 3s and all its Model Y configurations qualify for the full $7,500 credit. 

    Tesla has been cutting its retail prices, a move to boost sales and bring some offerings in line with the tax breaks. And analysts say the maker likely isn’t done cutting prices.

    The tax credits made a big splash when they were included in 2022’s Inflation Reduction Act, the broad spending bill that observers labeled the biggest pro-climate action by an administration to date. But Biden’s pro-America stance soon came in conflict with the heart of the existing EV market, much of which is sourced abroad.

    Read: Biden adds more EV charging across U.S., with pledges from Uber, Walmart, PG&E and others

    The latest changes, which are intended to attract auto manufacturers into building domestically, apply to vehicles delivered to customers starting Tuesday. Several overseas makers, including Hyundai and Honda, have started to build battery plants in the U.S. 

    Other actions are intended to push EVs as well. The Environmental Protection Agency last week proposed its toughest restrictions ever on tailpipe emissions, a target that can likely only be met by turning out more EVs from assembly lines. The new standards aim for two-thirds of U.S. car sales to be electric by 2032.

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  • Tesla Cuts Prices Again. Investors Should Focus on This Instead.

    Tesla Cuts Prices Again. Investors Should Focus on This Instead.

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    It feels as if every day brings new price changes from


    Tesla


    Investors are getting used to them. The bigger deal now is the electric-vehicle company’s first-quarter gross profit margins are due to be reported in just a few days.

    Reuters reported Friday that Tesla cut prices for its electric vehicles in Europe and some other countries. The price of a Model 3 and Y in Germany were reduced about 5% and 10%, respectively.

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  • Conservatives Explain Why They’re Boycotting Budweiser

    Conservatives Explain Why They’re Boycotting Budweiser

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    “I boycott any company that tramples on the rights of Americans, whether it’s Bud Light, Walmart, Ford, Tesla, Amazon, McDonald’s, Halliburton, Circle K, basically the entire hotel industry, the vast majority of hospitals, and almost everyone who produces, makes, or distributes food.”

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  • National Instruments, Tesla, Bed Bath & Beyond, and More Stock Market Movers

    National Instruments, Tesla, Bed Bath & Beyond, and More Stock Market Movers

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  • Feds investigating Tesla that hit student leaving a school bus

    Feds investigating Tesla that hit student leaving a school bus

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    U.S. road safety regulators have sent a team to investigate a crash involving a Tesla that may have been operating on a partially automated driving system when it hit a student leaving a school bus.

    The National Highway Traffic Safety Administration (NHTSA) on Friday said it will probe the March 15 crash in North Carolina that injured a 17-year-old charter school student. The State Highway Patrol said the driver of the 2022 Tesla Model Y, a 51-year-old man, didn’t stop for the bus, which was displaying all of its activated warning signs.

    Sending special investigation teams to crashes means the agency suspects the Tesla operating system that handles some aspects of driving, including Autopilot and “Full Self-Driving” is partially to blame. 

    Tesla, which has dismantled its media relations department, could not be reached for comment. Despite the names, Tesla has said the driver-assist system must be monitored and that drivers must be ready to intervene at all times.

    NHTSA has sent investigative teams to more than 30 crashes since 2016 in which Teslas suspected of operating on Autopilot or “Full Self-Driving” have struck pedestrians, motorcyclists, semi trailers and parked emergency vehicles. At least 14 people have died in the crashes.

    The agency wouldn’t comment on open investigations, but it has been scrutinizing Teslas more intensely in the past year, seeking several recalls.

    Crashes caused by Tesla’s self-driving system pushed a little-known consumer advocacy group to take out a pricey Super Bowl ad in February and draw attention to the dangers. The Dawn Project said Tesla’s self-driving technology poses a threat to pedestrians and drivers. The commercial aired in cities, including Atlanta, Austin, Texas, and Washington, D.C.

    Tesla and NHTSA need to determine why the vehicles don’t seem to see flashing lights on school buses and emergency vehicles and make sure the problem is fixed, said Michael Brooks, executive director of the Center for Auto Safety in Washington.

    “I’ve been saying probably for a couple of years now, they need to figure out why these vehicles aren’t recognizing flashing lights for a big starter,” Brooks said. “NHTSA needs to step in and get them to do a recall because that’s a serious safety issue.”

    Earlier this month, the agency revealed an investigation into steering wheels that can detach from the steering column on as many as 120,000 Model Y SUVs. NHTSA is also investigating seat belts that may not be anchored securely in some Tesla models, and has  periodically investigated reports of Teslas braking suddenly for no reason, suspension problems and other issues.

    In February, NHTSA pressured Tesla into recalling nearly 363,000 vehicles with “Full Self-Driving” software because the system can break traffic laws. 

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  • Tesla Cuts EV Prices Again

    Tesla Cuts EV Prices Again

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    Tesla


    is at it again.

    The electric-vehicle maker lowered prices for its EVs in the U.S. again. This change hints at what might be happening to Tesla (ticker: TSLA) vehicles’ eligibility for purchase tax credits under stricter rules about to be applied by the IRS.

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  • Tesla’s Price Cuts May Have Paid Off: Report | Entrepreneur

    Tesla’s Price Cuts May Have Paid Off: Report | Entrepreneur

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    Tesla had a turbulent 2022 between falling stock prices and lagging sales amid rising competition. However, the electric vehicle manufacturer reported a record number of deliveries in the first quarter of 2023.

    In Q1 2023, Tesla produced over 440,000 vehicles and delivered over 422,000, marking a nearly 36% increase in deliveries from the same period the previous year.

    The uptick in sales may be in part due to Tesla’s price-cutting initiative that took place in January — the company slashed prices on the Model 3 and Model Y vehicles by nearly 6% and 20%, respectively. Just a week after Tesla announced the price cuts, interest surged for the company’s Model Y vehicle.

    Related: Tesla Cuts Prices In China And Other Asian Markets: Report

    “These price cuts, as well as inventory on the ground, will win Tesla market share and help consumers overlook the brand’s aging lineup,” said Edmunds analyst Jessica Caldwell, per Insider, at the time. “Lower prices and immediate availability undeniably resonate with the American consumer.”

    And that buyer interest has proved to be more than just a Google search, as Model 3 and Model Y cars accounted for about 97% of the Q1 deliveries.

    The official financial results for Tesla’s first 2023 quarter will be posted after the market closes on April 19.

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    Madeline Garfinkle

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  • Tesla Deliveries Are Coming. The Stakes Are High After the Stock Had a Monster Quarter.

    Tesla Deliveries Are Coming. The Stakes Are High After the Stock Had a Monster Quarter.

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    After the start to the year


    Tesla


    shares have had, first-quarter deliveries better beat Wall Street expectations.

    Shares of Tesla (ticker: TSLA) finished the first quarter up more than 68%—the best first-quarter performance ever. In second place: 2012’s first quarter, when shares gained 30.4%. This year’s first quarter is the sixth best quarter for shares ever. The stock has been trading for 51 quarters.

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  • Elon Musk, Steve Wozniak sign letter calling for pause in AI development

    Elon Musk, Steve Wozniak sign letter calling for pause in AI development

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    Elon Musk, Steve Wozniak sign letter calling for pause in AI development – CBS News


    Watch CBS News



    Tesla founder Elon Musk and Apple co-founder Steve Wozniak joined hundreds of others who signed an open letter calling for a pause in the development of artificial intelligence technology in order to take time to study the risks associated with it.

    Be the first to know

    Get browser notifications for breaking news, live events, and exclusive reporting.


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  • Video: Tesla Camera Catches Clip of Car Flipping in Air | Entrepreneur

    Video: Tesla Camera Catches Clip of Car Flipping in Air | Entrepreneur

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    A horrifying car crash was caught on camera after a Tesla driver watched back the footage that was automatically recorded on his vehicle’s dashboard camera.

    Driver Anoop Khatra posted a video to Twitter on Friday that has since been viewed over 17.5 million times of the unbelievable accident in which the car in front of him hits a rogue tire on the highway and begins to flip in full rotation in mid-air.

    Related: Engineer: Tesla Self-Driving Demo Video Was Staged

    “Witnessed and recorded the most INSANE car crash yesterday, you can see Autopilot also swerve and avoid the rouge tire for me,” he wrote alongside the video, nodding to the Tesla’s Autopilot feature that will automatically move the car out of the way of oncoming obstacles.

    According to local outlet KTLA, the accident occurred on California State Route 118 in Chatsworth on March 23.

    In the clip, the front left tire of a pickup truck in the center lane can be seen detaching before rolling in front of a black Kia Soul. As the pickup truck begins to skid, the Kia goes flying and fully rotates in the air before barreling down.

    According to Fox 6, the LAPD maintained that no major injuries were sustained as a result of the incident.

    Tesla customers, like Khatra, are confident that the electric car’s Autopilot function will act accordingly in times of imminent danger or a potential collision.

    Yet questions have been raised about how reliable the software is.

    In January, a Tesla engineer and director for the Autopilot software testified in court that a demo video displaying the feature from 2016 was doctored and not a factual representation of Tesla’s self-driving and automatic capabilities at the time.

    Tesla was down just over 47% in a one-year period as of Wednesday afternoon.

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    Emily Rella

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  • U.S. probing Tesla over steering wheels that might fall off

    U.S. probing Tesla over steering wheels that might fall off

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    Tesla Investigation
    A Tesla Model Y Long Range is displayed in February 2021 at the Tesla Gallery in Troy, Mich. 

    Carlos Osorio / AP


    U.S. auto safety regulators have opened an investigation into Tesla’s Model Y SUV after getting two complaints that the steering wheels can come off while it’s being driven.

    The National Highway Traffic Safety Administration says the probe covers an estimated 120,000 vehicles from the 2023 model year.

    The agency says in both cases the Model Ys were delivered to customers with a missing bolt that holds the wheel to the steering column. A friction fit held the steering wheels on, but they separated when force was exerted while the SUVs were being driven.

    The agency says in documents posted on its website Wednesday that both incidents happened while the SUVs had low mileage on them.

    Investigators are looking at how often the problem happens, how many vehicles were affected and at Tesla’s manufacturing process.

    The Model Y is Tesla’s top-selling vehicle.

    The Associated Press left messages seeking comment from Tesla, which has disbanded its media relations department.

    In one complaint filed with NHTSA, an owner said he was driving with his family on Route 1 in Woodbridge, New Jersey, when the steering wheel suddenly came off on Jan. 29. The owner wrote that there were no cars behind him and he was able to pull toward the road divider. There were no injuries in the Tesla, which was purchased on Jan. 24.

    “The lead investigator provided assurance and indicated this is a serious matter and they have already contacted Tesla for further investigation,” the owner said.

    The complaint has a link to a Twitter post from the owner that included a video of the detached steering wheel and pictures of the white Tesla being towed.

    CBS News exchanged messages with Perak and Neha Patel, who owned the Tesla in question, and they shared photos of the car and its detached steering wheel.

    Prerak and Neha Patel shared this photo of the steering wheel that detached on their Tesla Model Y.

    Prerak & Neha Patel/Twitter


    At first a Tesla service center gave them a cost estimate of $103.96 to repair the problem. The service center apologized in what appear to be text messages posted on Twitter.

    When the owner wrote that he had lost faith in Tesla and asked for a refund, the service center removed the charge and wrote that Tesla doesn’t have a return policy, but he could reach out to the sales and delivery team.

    He was later given the option of keeping the car or getting it replaced with a new one, according to his post on Twitter. The family received a new Tesla in late February. 

    “This time they make sure nothing is wrong in it,” he said.

    While the family was excited about the Tesla when it was first delivered, the children were wary of the replacement after the steering wheel incident, the Patels said. The parents said they reassured their kids and helped restore their confidence in the new car. The family hopes Tesla investigates “so no other family experience what we experienced.”

    owners-with-new-tesla.png
    Prerak and Neha Patel pose with their new Tesla. They received it after the steering wheel came off of their previous Tesla.

    Prerak & Neha Patel/Twitter


    –Aliza Chasan contributed reporting.

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  • Tesla, Apple, Ciena, and More Stock Market Movers

    Tesla, Apple, Ciena, and More Stock Market Movers

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    Stock futures traded mostly flat Monday as Wall Street kicked off a week that includes testimony before Congress from Federal Reserve Chairman Jerome Powell and the U.S. jobs report for February.

    These stocks were poised to make moves Monday:


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  • Tesla’s Plans to Save Money Are Trouble for These Stocks

    Tesla’s Plans to Save Money Are Trouble for These Stocks

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    Tesla


    had bad news for producers of EV raw materials as it offered investors a look at its plans in a widely anticipated three-and-a-half hour presentation on Wednesday evening.

    Shares of the rare-earth producer


    MP Materials


    (ticker: MP) were down 11.2% in premarket trading Thursday, while stocks of companies that make semiconductors using silicon carbide took a hit as well. Futures on the


    S&P 500


    future were down 0.5%.


    Dow Jones Industrial Average


    futures gained 0.3%.

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