Analysts criticise lack of detail about the ‘robotaxi’ showcased by CEO Elon Musk * Elon Musk unveils Tesla Cybercab self-driving robotaxi Tesla shares fell nearly 9% on Friday, wiping about $60bn (£45bn) from the company’s value, after the long-awaited unveiling of its so-called robotaxi failed to excite investors. Shares in the electric carmaker tumbled to $217 at market close following an event in Hollywood, where the chief executive, Elon Musk, revealed a much-hyped driverless vehicle. The stock price is down roughly 12% year-to-date. Continue reading...

Billionaire says autonomous car expected ‘before 2027’ will have a pricetag of less than US$30,000, with a ‘Robovan’ that can carry 20 people to follow Tesla CEO Elon Musk has unveiled the company’s robotaxi, Cybercab, promising it will cost less than US$30,000, and announced plans to bring autonomous driving to its Model 3 and Model Y cars in California and Texas by next year. At the much-anticipated We, Robot event hosted at Warner Bros. Studios in Burbank, California, the billionaire arrived in the Cybercab in his trademark black leather jacket, accompanied by a man dressed in a space suit. Human-like robots mingled in the crowd, danced and served drinks to those gathered for the party. Continue reading...

Questions raised about registration in Czech Republic of one of first models to reach continent Tesla’s Cybertruck is too big and sharp for European roads, transport campaigners have warned, as questions are raised about the registration of one of the first of the electric pickup trucks to hit the continent. There had been confusion about whether the Cybertruck could be driven in Europe, owing to strict road safety rules that ban sharp edges and require speed limiters on vehicles that weigh more than 3.5 tonnes when full. Tesla’s manual lists the angular steel vehicle as having a gross vehicle weight of 4 tonnes. (The equivalent of a standard family car, such as a Ford Focus, is 1.9 tonnes.) Continue reading...

EV maker delivered 462,890 vehicles in three months to 30 September while Wall street expected on average 469,828 Tesla missed expectations for third-quarter deliveries on Wednesday, hurt by stiff competition from rivals in China and Europe, sending shares of the world’s most valuable automaker down 3%. The electric vehicles maker handed over 462,890 vehicles in the three months to 30 September up 6.4% from the preceding quarter. Continue reading...

A controversial tweet may make it to the news, but reading every post from the world’s richest man shows how frenzied and extreme he really is It’s just after midnight mountain standard time in the US on 13 August when Elon Musk makes his first post of the day on X, the platform he bought for $44bn when it was known as Twitter. Musk has been tweeting for hours about his interview with Donald Trump, and he will continue into the night before taking a few hours’ break – presumably to sleep – and then logging back on to tweet dozens more times. Over the next 24 hours, Musk will post over 145 times about a range of obsessions, projects and grievances to his 195 million followers. He will share anti-immigrant content, election conspiracies and attacks against the media. He will exchange tweets with far-right politicians, conservative media influencers and sycophantic admirers. He will send a litany of one-word replies that say “yeah”, “interesting” or simply feature a cry-laughing emoji. Continue reading...

A secondhand EV is a possibility for many families as the cost of desirable models, including Kias and Teslas, falls to £15,000 If your current car is on the way out and you think an electric replacement is too expensive, think again. Three-year-old Tesla Model 3s and Kia e-Niros that will do 250-300 miles on a single charge can now be bought for as little as £14,000. In the last year, forecourt prices for used electric cars have tumbled to the extent that previously unaffordable models are now within the reach of many families for the first time. Continue reading...

Satellite image analysis shows 329 hectares of forest cleared during development of factory in Germany The development of a Tesla gigafactory near Berlin has resulted in about 500,000 trees being felled, according to satellite analysis. The building of the German factory has been highly controversial and attracted significant protests, as well as prompting a debate about the trade-offs involved in developing a green economy. Continue reading...

The 9% tariff is much less than the up to 36.3% others face after investigation into Beijing’s ‘unfair’ subsidies of EVs * Business live – latest updates Tesla will face a 9% levy on its Chinese-made cars exported to the EU, the European Commission has said, as it issued an update on its sweeping investigation into Beijing’s “unfair” subsidies of electric vehicles. The tariff on Tesla – far lower than the 21.3% average on companies that cooperated with the EU investigation and 36.3% on those that did not – came after the California-headquartered firm requested individual treatment as part of the wider Brussels inquiry. Continue reading...

There is method to the apparent madness of the tycoon’s prolific 24-hour output Elon Musk doesn’t stop tweeting. Over just seven days last week, he made nearly 650 posts to the social network he bought in November 2022 and half-heartedly rebranded as X. In addition, he spent nearly three hours battling through technical problems he would later attribute to an unproved hacking attack in order to host a “conversation” with Donald Trump, as well as livestreaming himself playing a couple of hours of Blizzard’s swords-and-sorcery game Diablo IV. The sheer volume of his content would be impressive enough on its own, but even as someone so addicted to posting that he spent more than the budget of the Manhattan project to buy the site, Musk’s consistency is alarming. Continue reading...

There are signs the billionaire is becoming unpopular with the very demographic group most likely to buy EVs Elon Musk has long flirted with rightwing politics, and delights in pushing an image of himself as a contrarian showman. Yet in recent months the billionaire’s political allegiances have started to raise a question for Tesla, the company that he built into the world’s largest electric carmaker: just how far can he go before customers start to abandon his products? The German pharmacy chain Rossmann was one of the first to put its head above the parapet this week. The family-owned company announced that it would not add to the 34 Teslas in its company fleet because of Musk’s endorsement of Donald Trump for US president. Continue reading...