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Tesla Cybertruck fails to boost 2024 sales as annual deliveries fall for first time | TechCrunch
TechCrunch
·
7m ago
Medial
Tesla's vehicle deliveries fell in 2024, with 1.77 million cars sold, down 2.2% from 2023's 1.81 million. This marks the first time sales declined year-on-year since 2012. The introduction of the Cybertruck didn't boost results significantly, contributing to just 85,133 of total sales. Despite CEO Elon Musk's past ambitions of 50% growth, Tesla has struggled. Subsequent layoffs focused efforts on robotaxi development and scrapped a $25,000 EV plan.
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Tesla annual deliveries fall for first time as incentives fail to drum up demand
Economic Times
·
7m ago
Medial
Tesla's first fall in annual deliveries was reported, despite offering incentives like interest-free financing and free charging to boost demand for their electric vehicles. The aging lineup and new Cybertruck failed to attract customers amid high borrowing costs and competition from BYD. Tesla's shares dropped by 6%. The company is focusing on self-driving technology for future growth, but this has not yet been commercialized. In 2024, Tesla’s deliveries totaled 1.79 million vehicles, slightly below estimates.
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GMC Hummer EV outsold the Tesla Cybertruck last quarter | TechCrunch
TechCrunch
·
1m ago
Medial
Sales data from the second quarter showed the GMC Hummer EV outselling Tesla's Cybertruck. Tesla sold 4,306 units, while GMC sold 4,508 Hummers. Ford's F-150 Lightning remained the top-selling electric truck. Rivian's R1T sales also declined. The Cybertruck's sales peaked in 2024 but have since plummeted, possibly due to pricing issues or brand damage. Tesla has underutilized capacity at its Texas factory, deviating from its production forecast of 250,000 Cybertrucks annually.
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Tesla's redesigned Model Y is coming to North America in March for $60,000 | TechCrunch
TechCrunch
·
6m ago
Medial
Tesla's redesigned Model Y SUV will arrive in North America in March 2025, starting at nearly $60,000. Launched globally, this update aims to boost sales following a dip in 2024 deliveries. While its exterior features a more streamlined design, the vehicle's interior boasts a new touchscreen for rear passengers and enhanced features. Tesla faces challenges in its aging lineup but anticipates future growth through new models and transitioning towards robotics and AI innovations.
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Tesla misses estimates for third-quarter deliveries on stiff competition
Economic Times
·
10m ago
Medial
- Tesla's third-quarter deliveries fell short of analyst expectations, raising concerns about its annual delivery targets and prospects for sustainable growth. - Growing consumer interest in hybrids, lack of European subsidies, and strong competition in China affected Tesla's deliveries. - Tesla needs a record-breaking 516,344 vehicle deliveries in Q4 to maintain its 2023 delivery levels and avoid its first annual drop in deliveries. - Despite falling short of expectations, the return to growth for Tesla's deliveries was seen as a positive sign, indicating that the company's incentives to boost demand were working. - BMW surpassed Tesla in the European battery electric vehicle market, signaling increased competition from domestic firms. - Tesla's deliveries were higher than rival BYD, although BYD's focus on plug-in hybrid vehicles led to significant growth in that segment.
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Tesla’s car business isn’t really in the driver’s seat
Livemint
·
7m ago
Medial
Tesla's valuation has surged despite a decline in vehicle deliveries for 2024, highlighting the market's focus on its AI potential rather than traditional car sales. This comes even as the company faces its first annual sales drop amid a wider EV industry slump. Tesla's high stock valuation is partly driven by AI ambitions and Elon Musk's influence. However, analysts express skepticism, emphasizing the need for Tesla to achieve significant milestones in self-driving technology to justify its market value.
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Tesla faces second straight year of falling sales after another bad quarter | TechCrunch
TechCrunch
·
1m ago
Medial
Tesla experienced a 13.5% drop in vehicle deliveries in Q2 2025 compared to Q2 2022, marking two consecutive years of declining sales. Despite Musk attributing past sales issues to production changes, no such disruptions occurred in Q2. Tesla's attempt to boost sales included price cuts, promotions, and minor upgrades. Meanwhile, other automakers like Ford and Hyundai also faced EV sales declines, though GM increased U.S. EV sales through new models. Tesla's financial impact will be detailed in its July earnings report.
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Tesla launches new-look Model Y in China | TechCrunch
TechCrunch
·
7m ago
Medial
Tesla has unveiled a redesigned Model Y for the Chinese and Asian-Pacific markets, featuring significant updates since its 2020 launch. The new model, codenamed Juniper, includes design cues from the Model 3 and Cybertruck, with sharper front edges, a continuous light bar, and improved interior features like an ambient light bar and rear touchscreen display. Despite being slightly more efficient, it doesn’t offer a radical range change. Deliveries in China are expected to start in March.
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New Spy Shots Reveal Updated Interior of Tesla's Cybertruck
Robots
·
1y ago
Medial
New spy shots of Tesla's Cybertruck reveal updates to the interior, including changes to the wheel design and center console. The minimalist and spacious layout is retained. The exact release date of the Cybertruck remains uncertain as Tesla continues to refine the vehicle for optimal aesthetics and functionality. These changes may provide temporary satisfaction to Tesla enthusiasts, but the timeline for deliveries remains unclear due to the automaker's efforts to ensure a seamless fit for the unique design.
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From Ather To Nazara — Indian Startups Raised $257 Mn This Week
Inc42
·
1y ago
Medial
New spy shots of Tesla's Cybertruck reveal updates to the interior, including changes to the wheel design and center console. The minimalist and spacious layout is retained. The exact release date of the Cybertruck remains uncertain as Tesla continues to refine the vehicle for optimal aesthetics and functionality. These changes may provide temporary satisfaction to Tesla enthusiasts, but the timeline for deliveries remains unclear due to the automaker's efforts to ensure a seamless fit for the unique design.
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Elon Musk wanted Tesla to slash its headcount by 20% because its quarterly vehicle deliveries fell by that much, Bloomberg source says
Business Insider
·
1y ago
Medial
Tesla CEO Elon Musk reportedly wanted the company to reduce its workforce by 20% to align with a decrease in vehicle deliveries. This came after Tesla reported a 20.1% drop in car deliveries in Q1 2024, the lowest quarterly performance since 2022. Musk recently announced layoffs of "more than 10%" to address duplication of roles and job functions. Tesla faces challenges including declining sales and competition from Chinese automakers.
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