- At the beginning of this year, Tesla stock wasn’t in great shape.
- Following a stock split late last year, shares of the company went into freefall, nearly falling below the $100 mark.
- Now, as the automaker’s stock has slowly but surely recovered over the past two months, Elon Musk has acquired 10,500 shares of the company at an average stock price of $4.73.
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- Tesla has introduced a new Ultra Red paint color for Model S and Model X vehicles across the markets.
- These vehicles are produced only at its Fremont factory. This is the first new color option for the flagship models in several years.
- The Ultra Red color option costs $3,000 in the US, $500 more than Multi-Coat Red. However, its cost differs depending on the country where the car is sold.
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- Tesla's Autopilot was not at fault in a 2021 crash in which two people died, according to the National Transportation Safety Board (NTSB).
- In a final report spotted by Ars Technica, the agency determined that the 2019 Model S accelerated just before hitting a tree in Spring, Texas, just north of Houston.
- Neither occupant was in the driver's seat when they were found, leading to questions about the use of Autopilot.
- Tesla has announced that it is cutting the prices of its Model S and Model X vehicles in the US by up to $10,000.
- The price cuts are due to the company's decision to move to an online-only sales model, which will reduce overhead costs.
- The Model S now starts at $69,420, while the Model X starts at $79,420.
- Tesla shares fell as much as 8% in early trading Thursday as a lukewarm investor reception to Elon Musk’s “Master Plan 3” presentation added a fresh headache for the EV maker.
- Musk and other executives teased a cheaper “next gen” EV during the event – but the announcement was light on details about the car’s performance specs, vehicle models or a potential release date.
Read More at nypost.com