Tesla CEO Elon Musk accused Reuters of "lying" on Friday after the media outlet reported the electric vehicle giant has abandoned its long-planned low-cost vehicle model.
Former Tesla factory workers filed a proposed class action lawsuit in California on Thursday. Two former workers allege Tesla violated labor laws under California law, Reuters reported.
Henry Ford democratized car ownership with his ultra-cheap, mass-produced Model T, and Elon Musk once promised to do the same for electric cars with a Tesla that could sell for $25,000.
Reuters says Tesla axed the plan for a low cost car, but Elon Musk says they are lying. Bloomberg's Abigail Doolittle has more.

Dan Ives on Tesla's (TSLA) Demand Problem

03:52pm, Friday, 05'th Apr 2024
It's a demand problem that they're seeing, notes Dan Ives on Tesla (TSLA). He analyzes today's price action in Tesla.
Tesla (NASDAQ: TSLA ) is one of the most important stocks in the market. That means its price movements can play a great deal into how many investors' portfolios perform on a daily basis, given the we
Tesla (TSLA) shares were nearly 4% lower in intraday trading Friday as CEO Elon Musk denied a Reuters report that the electric vehicle (EV) maker abandoned its longstanding plan to build a low-priced
Tesla's hitting a proverbial wall right now, in a couple of different ways. One analyst, however, believes the market's not seeing the complete bigger picture.
The so-called Magnificent Seven stocks have led the market higher over the past year or so, but the group's performance is beginning to diverge. There are business-specific drivers fueling the stock m
CNBC's Kate Rooney reports on Apple's reported move into home robotics, ditching its plans to create an electric vehicle, and what the shift means for the tech industry.
Billionaire Tesla CEO Elon Musk denied that Tesla is scrapping plans to create a low-cost electric vehicle—something Musk has promoted for years and was expected to hit the market next year—after

Tesla (TSLA) Cuts Model Y Prices

12:17pm, Friday, 05'th Apr 2024
Tesla (TSLA) cuts prices on Model Y SUVs. Renita Young discusses this as prices were cut by $4,600 and $5,000.
Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and comp
Tesla is being sued by the family of an Apple engineer who died in 2018 after his Model X crashed. The family accused Tesla's Autopilot feature of being "defective" and the cause of the collision.
Elon Musk denied a Reuters report that Tesla is scrapping plans for a $25,000 car. The inexpensive model has been an important part of Tesla's plans for several years.
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