What’s wrong with Tesla
CNN
Tesla last quarter posted its first annual sales decline since the pandemic – a drop that was significantly worse than expected. The company blamed a weak Chinese economy, arson at its German factory and supply constraints because of escalating conflict in the Middle East.
Last quarter, Tesla posted its first annual sales decline since the pandemic — a drop that was significantly worse than expected. The company blamed a weak Chinese economy, arson at its German factory and supply constraints because of escalating conflict in the Middle East. Those factors certainly aren’t helping. But Tesla’s problems can’t all be blamed on outside factors. Some of it is inevitable. New competitors have entered the market and, at some point, they had to start taking sales away from Tesla. And now they are. Tesla made itself an easy target by failing to introduce new products fast enough to maintain customer interest. Also, its chief executive, Elon Musk, has become someone many people don’t want to associate themselves with, even for a good car. Meanwhile, overall electric vehicle sales in the United States have flattened out in recent months. EV sales growth has been slowing for a while but in the last two quarters, EV sales didn’t increase much at all, according to estimates from Cox Automotive. But, upon closer inspection, what seems like widespread disinterest in electric vehicles may reflect, largely, less interest in Tesla.
Run 3 Space | Play Space Running Game
Traffic Jam 3D | Online Racing Game
Duck Hunt | Play Old Classic Game
The Washington Post on Wednesday announced it has a new Opinion editor. The move comes four months after it announced a “significant shift” to the Opinion page and the departure of its embattled section chief.
JPMorgan Chase CEO Jamie Dimon warned on Tuesday that encouraging economic data could soon turn worrisome as President Donald Trump’s tariffs continue to bite.
Disney and Universal are suing AI photo generation company Midjourney, marking the first major legal showdown between Hollywood studios and an artificial intelligence company.
Commerce Secretary Howard Lutnick, back in Washington after two days helping to negotiate a US-China trade framework in London, said Wednesday that Trump gave his team permission to back off its aggressive stance against China to get a deal done.
White House AI czar David Sacks dismissed concerns about the potential impact of artificial intelligence on the job market on Tuesday following a dire warning from Anthropic CEO Dario Amodei that unemployment could climb as high as 20 percent in the next one to five years.
Inflation rose less than expected in May, a month when the effects of higher tariffs were starting to become more widespread.
The vibrant burst of orange flavor emanating from a Blue Moon is so lip-smacking good that it’s being turned into a lip balm.
Cara Petersen, the Consumer Financial Protection Bureau’s acting enforcement director, resigned from the agency on Tuesday. In an email to colleagues announcing her decision, Petersen slammed the Trump administration’s efforts to dismantle the agency, which was established as a banking watchdog following the 2008 global financial crisis.
Elon Musk said Wednesday that he regrets some of his recent social media posts about President Donald Trump.
At long last, the United States has reached a trade agreement with China. Again.
Australia’s Qantas QAN.AX said on Wednesday it will close Jetstar Asia, the group’s Singapore-based budget airline, as it reels with rising supplier costs, higher airport fees and intensifying competition among low-cost carriers.
President Donald Trump’s heftiest tariffs cleared a court hurdle for now, after a federal appeals court ruled Tuesday that they could take effect while legal challenges play out.
The United States and China have agreed on a trade framework after two days of negotiations in London, China’s trade negotiator Li Chenggang told reporters on Wednesday, according to Chinese state broadcaster CGTN.