Tesla Profits Decline By More Than 50% In Q1 2024
Tesla continues to decline after a spate of troubles under Elon Musk’s leadership. This time, its profits slumped by over 50% in Q1 2024.
Tesla Reduces Full Self-Driving Software Price To US$8,000
Shortly after settling a lawsuit over a 2018 car crash that killed an Apple engineer, Tesla slashed the price of its Full Self-Driving (FSD) driver assistant software to US$8,000 from US$12,000, as CEO Elon Musk reaffirms his commitment to self-driving technology.
Is AI Is Looking More Like A Band Aid Now?
Industries across the globe are turning into Artificial Intelligence (AI) to relieve organisations from bottlenecks from manpower shortage. However, its track record of mishaps underscores the need for good ol’ fashioned human labour.
Tesla Cuts More Than 10% Of Its Workforce
Tesla is slashing more than 10% of its global workforce, as it grapples with falling sales and an intensifying price war for electric vehicles (EVs), plus reputational damage from crashes.
Tesla Settling Lawsuit Erodes Faith In Autonomous Driving
Tesla, the EV pioneer continues to suffer reputational damage after settling a lawsuit involving a tragic crash in 2018 with his Model X on Autopilot – fueling doubts over autonomous driving.
Tesla Recalls 2 Million Cars Over Brake System Warning Light
Tesla car recalls came a week after the automaker recalled nearly 200,000 vehicles over concerns with the rearview camera sensing system. Should we relook at how we look at technology?
BYD To Dominate Thailand’s EV Market Via Dealership
Other than eclipsing Tesla, BYD is steadily expanding its footprints in Thailand, the nation with the largest automotive market share in Southeast Asia.
Asia Has Officially Caught Up In The EV Race
Not only Tesla has been dethroned as the world’s best selling electric vehicle (EV) manufacturer by BYD, other Asian nations are further pushing Tesla down the scoreboard.
