Tag

Cybertruck

All articles tagged with #cybertruck

business2 months ago

Tesla Cybertruck Executive Departure Sparks Stock Surge

An executive leading Tesla's Cybertruck division is leaving after eight years amid ongoing safety recalls and declining profits, despite recent shareholder support for Elon Musk's performance-based stock plan. Tesla faces challenges with vehicle safety issues, declining quarterly profits, and market share struggles, although stock prices have risen recently.

business2 months ago

Tesla's Cybertruck Leadership Changes Amid Sales Challenges

Tesla's head of the Cybertruck program, Siddhant Awasthi, is leaving after over 8 years, highlighting Tesla's internal promotion strategy amid ongoing challenges with the Cybertruck's sales and production. Despite his significant contributions, including managing the Cybertruck and Model 3 programs, the vehicle has faced criticism for its performance and market reception, with organizational issues at Tesla also under scrutiny.

business3 months ago

Tesla's Cybertruck Sales Stall and Are Sold Off to Musk's Other Companies

Tesla is selling excess Cybertrucks to Elon Musk's other companies like SpaceX and xAI, keeping production within the Musk corporate family amid a significant sales drop and reduced production. Meanwhile, OpenAI plans a $25 billion investment in a new AI data center in Argentina, and Tesla begins selling the Model Y Standard in Europe at lower prices to compete in a crowded market. Additionally, AI-generated videos reanimate deceased celebrities, raising ethical concerns.

world3 months ago

Families Sue Tesla Over Fatal Cybertruck Door Design Flaws

Parents of three college students who died in a Tesla Cybertruck fire in Piedmont are suing Tesla, alleging the vehicle's doors failed to open as it burned, potentially trapping the victims inside. The lawsuit highlights issues with the vehicle's door system, which is powered by a 12-volt battery that can fail if the vehicle loses power, and cites Tesla's recent acknowledgment of the need to redesign these doors. The victims' families claim Tesla's design contributed to their loved ones' deaths, and are seeking damages for wrongful death.