Tesla

Tesla is using the annual Pwn2Own hacker contest to incentivize security researchers to write exploit chains that can lead to complete vehicle compromise.

Related: “This level requires the contestant to get arbitrary code execution on two different sub-systems in the vehicle, which is certainly a difficult challenge.” “It’s difficult to express the complexity of completing such a demonstration, but we’re certainly hopeful that someone can show off their exploit skills and drive off a winner.” “This represents the single largest target in Pwn2Own history,” conference organizers said in a Back in 2019, the company gave away a Tesla Model 3 to

Regulatory filings seen by the newspaper cover facilities to make and test batteries and other aspects of Tesla cars. (Tesla didn't immediately respond to the ...

With work on the plant possibly starting as early as this month, he’s also probably hoping that good news comes sooner rather than later. Also last year, reported vehicle deliveries didn’t meet Wall Street’s expectations, and the company offered end-of-year deals to get drivers to buy its battery-powered rides. [said](https://www.wsj.com/articles/elon-musk-says-tesla-share-buyback-could-depend-on-severity-of-any-recession-11671751191?mod=article_inline) the company was getting close to choosing a location for at least one new facility. The mercurial CEO has said in the past that Tesla might open 10 to 12 new factories to aid in that dream, and just last month he Regulatory filings seen by the newspaper cover facilities to make and test batteries and other aspects of Tesla cars. [Texas](https://robbreport.com/tag/texas/), The Wall Street Journal [reported](https://www.wsj.com/articles/tesla-considers-775-million-texas-factory-expansion-11673403331?mod=hp_lista_pos5) on Tuesday.

Electric vehicle maker Tesla is cutting prices in the United States and throughout Europe again, according to listings on the company's website.

In late December, Tesla discounted its Model 3 and Model Y cars by about $7,500 to entice customers to take deliveries before the end of the fourth quarter. [angered customers](https://www.reuters.com/business/autos-transportation/protesting-tesla-china-buyers-vow-more-pressure-over-price-cuts-they-missed-2023-01-10/) in China by slashing prices on its Model 3 and Model Y cars there after many had agreed to take delivery at higher prices before Dec. The company had been telling shareholders to expect 50% in annual vehicle delivery growth over a multiyear horizon but fell shy of that annual goal and analysts' expectations in the fourth quarter. Since he took over Twitter and appointed himself CEO in late October, Musk has been splitting time, and sharing some resources, between the social media business and his electric car company. They said, "We believe that many investors underestimate the magnitude of the demand challenges Tesla is facing." According to the independent EV industry researcher, TroyTeslike, the price of a new Tesla Model 3 in the U.S. But it also risks upsetting customers who just agreed to take delivery of new electric cars from Tesla before the end of 2022 at higher prices. Tesla's Model 3 was the bestselling electric vehicle in Germany in December 2022, followed by the Model Y. [Reuters reported](https://www.reuters.com/business/autos-transportation/tesla-cuts-prices-electric-vehicles-us-market-2023-01-13/) that in Germany, Tesla cut prices on the Model 3 and the Model Y from 1% to around 17%, depending on the configuration. The U.S. The Model 3 is Tesla's entry-level sedan. The Model Y is categorized by some as a sport utility vehicle and others as a crossover.

Tesla has made significant cuts to the costs of new electric vehicle models in the U.S., according new prices listed on its website.

[Electrek noted](https://electrek.co/2023/01/12/amid-demand-concerns-tesla-cuts-prices-by-up-to-13k-in-us/). [a single important](https://www.axios.com/2022/12/23/elon-musk-tesla-stock)Tesla meeting" since taking over Twitter. [with Twitter](https://www.axios.com/2022/12/15/elon-musk-tesla-stock-twitter) taking more of his focus. [significant demand problem](https://www.axios.com/2023/01/03/teslas-stock-elon-musk-tom-zhu)." [stock plunge 65%](https://www.axios.com/2023/01/04/tesla-outlook-bullish-bearish)in 2022, marking its worst-ever annual drop. [Economy & Business](https://www.axios.com/economy-business)

Tesla Inc. drastically slashed the prices of its Model 3 sedan and Model Y SUV in the US late Thursday, a move that allows more models to qualify for a new ...

Tesla also made major reductions in countries including Germany, the UK and France a week after its second round of The carmaker lowered the cost of the cheapest Model Y by 20% and lopped as much as $21,000 off its most expensive vehicles in its home market.

Price adjustments could allow some buyers to qualify for a $7500 U.S. electric-vehicle tax credit.

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Constellation Research founder R 'Ray' Wang discusses the performance of Tesla's stocks as they head for record lows and provides an outlook for tech stocks.

[TESLA FINED $2.2M FOR EXAGGERATING DRIVING RANGE OF ITS VEHICLES: REPORT](https://www.foxbusiness.com/economy/tesla-fined-2-2m-exaggerating-driving-range-vehicles-report) That puts the vehicle below a $55,000 cap, making it eligible for the tax incentive. Change % Change [TESLA CUTS PRICES IN CHINA AMID SLUMP IN DELIVERIES](https://www.foxbusiness.com/economy/tesla-cuts-prices-china-slump-deliveries) [Elon Musk's car company](https://www.foxbusiness.com/category/elon-musk) slashed the price of its baseline Model Y crossover by almost 20% to $52,990. Tesla cut prices on models in China a week ago after sales in that country plunged in December

Tesla has massively cut prices across new models in the US, with the largest price drop occurring on the Model Y, which is now $13K and 20% cheaper than it ...

[ EV tax credit](https://electrek.co/2022/12/02/ev-tax-credit-list-of-cars-eligible-7500-inflation-reduction-act/) in the [Inflation Reduction Act](https://electrek.co/2022/12/02/ev-tax-credit-list-of-cars-eligible-7500-inflation-reduction-act/). Be sure to check out our [homepage](https://electrek.co/)for all the latest news, and follow Electrek on [YouTube channel](https://youtube.com/c/electrekco)for the latest reviews. But in addition, CEO Musk has been [doing his part to turn customers away](https://electrek.co/2022/12/12/tesla-becoming-partisan-brand-survey/) with his [social media antics](https://electrek.co/2022/12/22/elon-musk-defends-twitter-actions-again-pledges-to-stop-selling-tsla-stock/), causing many people who would otherwise consider Teslas to look at other brands instead. [subscribing to Electrek on Google News](https://news.google.com/publications/CAAqBwgKMKqD-Qow6c_gAg?ceid=US:en&oc=3). [including North America](https://electrek.co/2022/12/22/tesla-offers-discounts-in-canada-mexico-raising-demand-concerns/), much of this must be attributable to the large price rises Teslas have seen in the last year. Other configurations, including Performance models, have also received price cuts, with the largest being the $21K (15%) reduction on the “Plaid” Model S. [Model 3 was supposed to be $35K](https://electrek.co/2019/01/24/tesla-model-3-base-35000/), and the [Model Y was supposed to be $40K](https://electrek.co/2019/03/14/tesla-model-y-electric-suv-unveil/). Similar price drops happened in Europe, though you’ll have to look country-to-country for those. While Tesla’s sales and production have been growing rapidly, demand for EVs has also been growing, and supply of EVs has not been able to keep up. The first and most aggressive cuts so far [expected to be reduced](https://electrek.co/2022/12/19/us-treasury-delays-ev-battery-guidance-qualify-for-2023-tax-credits/) to $3,750. [raising prices too](https://electrek.co/2022/08/09/f150-lightning-price-increase/), though [some more modest than others](https://electrek.co/2023/01/03/gm-bumps-chevy-bolt-pricing-but-the-increase-is-lower-than-expected/).

Tesla Inc (NASDAQ:TSLA) is chopping prices for its electric vehicles (EV) in the United States and Europe by as much as 20%, extending a...

It also cut prices in Austria, Switzerland and France. Tesla also cut prices for its Model X luxury crossover SUV and Model S sedan in the United States. Musk acknowledged last year that prices had become "embarrassingly high" and could hurt demand.

The discount drops the price of the Tesla Model 3 and some Model Y SUVs below the caps for a $7500 federal tax credit.

“We believe Tesla will need to either reduce its growth targets (and run its factories below capacity) or sustain and potentially increase recent price cuts globally, pressuring margins,” Sacconaghi wrote in a Jan. [Dana Hull](https://fortune.com/author/dana-hull/), [Craig Trudell](https://fortune.com/author/craig-trudell/)and [Bloomberg](https://fortune.com/author/bloomberg/) [Tesla](https://fortune.com/company/tesla/) Inc. “We see demand problems remaining until Tesla is able to introduce a lower-priced offering in volume, which may only be in 2025.” drop the price of Model 3 sedans and certain Model Y sport utility vehicles below the caps they needed to come under to qualify for as much as $7,500 electric vehicle tax credits. While some parts of the new U.S. 1, the Treasury Department is That’s meant the vehicle is subject to the $55,000 price cap that applies to sedans, rather than the $80,000 limit for SUVs. To continue growing and fully utilize plants that it’s opened or expanded in the last year, Tesla may be forced to compromise the profit margins that Wall Street celebrated when the company was production constrained. Tesla also made major reductions in countries including Germany, the UK and France a week after its second round of New York time Friday, before the start of regular trading. [discounts](https://www.bloomberg.com/news/articles/2022-12-22/tesla-discount-7-500-to-take-delivery-of-model-3-or-model-y) and [incentives ](https://www.bloomberg.com/news/articles/2022-12-07/tesla-offers-china-buyers-further-subsidies-to-boost-sales)that Chief Executive Officer Elon Musk [swore off](https://www.bloomberg.com/news/articles/2016-09-29/musk-urges-tesla-to-adhere-to-no-discount-policy-for-sales) in the past. and major European markets in the latest effort to stoke demand after several quarters of [disappointing deliveries](https://www.bloomberg.com/news/articles/2023-01-02/tesla-notches-record-delivering-405-278-cars-in-fourth-quarter).

Tesla said certain new models of its Model 3 and Model Y vehicles are eligible for a $7500 tax credit on new electric cars and plug-in hybrids.

tax credits](https://www.barrons.com/articles/ev-tax-credits-tesla-ford-gm-51672959883?mod=md_stockoverview_news&mod=article_inline). ](https://www.barrons.com/market-data/stocks/tsla) needed to [cut prices](https://www.barrons.com/articles/tesla-stock-ev-prices-tax-51673535925?mod=article_inline) of its cars in the U.S.

Tesla has cut prices by up to a fifth across the US and Europe to bolster demand for its electric vehicles in the face of an economic slowdown and fiercer ...

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The company's technoking sold some stock right at the top and then kept selling, accelerating a steep slide through 2022.

The following month, on a single day, December 13, Musk disposed of almost 12 million shares, more than 8% of all sold over the past 14 months yet generating less than 5% of the proceeds. Musk disposed of 29% of the adjusted shares in just the past two months or so, yet that generated less than a fifth of the proceeds. Despite the collapse in valuation, Tesla still trades at about a 35% premium to the S&P 500 on forward price/earnings multiples. Prior to November 2022, no individual transaction involved more than 1.4 million shares, split-adjusted (the average lot was about 82,000 on that basis). In very broad terms, he cashed out some stock right at the top but then kept selling as it fell dramatically through 2022, helping to accelerate that drop. At the center of that, in a very real sense, is Elon Musk: Tesla Inc.’s chief executive, technoking and biggest shareholder.

The price reductions in the United States will make more of the company's electric vehicles eligible for a federal tax credit.

The automaker now shows a high-end Model 3 Performance compact selling in the United States for just under $54,000, down from $63,000, a cut of 14 percent. In recent months, rising borrowing rates made its electric cars more expensive for people taking out loans. 1 under the Inflation Reduction Act.

Tesla's latest price cuts ricocheted across the industry Friday, sending auto stocks lower. Elon Musk's electric-vehicle company is cutting some prices in ...

But he said price cuts could be the right move.\n\n“We believe all together these price cuts could spur demand/deliveries by 12%-15% globally in 2023 and shows Tesla and Musk are going on the ‘offensive’ to spur demand in a softening backdrop,” he wrote in a note Friday.\n\nShares of other carmakers also fell. Tesla’s stock was up 0.3% year-to-date through Thursday.\n\nIt’s “no secret that demand for Tesla is starting to see some cracks,” Wedbush analyst Daniel Ives, who has an outperform rating on Tesla’s stock, said. Tesla's latest price cuts ricocheted across the industry Friday, sending auto stocks lower.\n\nElon Musk's electric-vehicle company is cutting some prices in the U.S.

Tesla has slashed prices on its electric vehicles in the United States and Europe by as much as 20%, extending a strategy of aggressive discounting after ...

Volkswagen recently raised the price of its entry-level ID.3, putting it at parity with the now-discounted Model 3. In France, customers buying the Model 3 for €44,990 ($48,773) will now get a further price reduction through a government subsidy of €5,000. Before the price cut, the five-seat version of the Model Y had been ineligible for that credit, a designation Musk called “messed up”. In addition, the Tesla move broadened the vehicles in its line-up eligible for the Biden administration tax credit. It also cut prices in Austria, Switzerland and France. Shares are down 65% since the start of 2022.

Tesla is also making more of its cars and SUVs qualify for U.S. income tax credits, lowering its effective cost even further. Investors worry this will hurt ...

Tesla's well-timed price cut adds at least one more Model 3 configuration (the Model 3 Performance) and one Model Y configuration (the Model Y Long Range AWD) to the list of its EVs qualifying for the credit. Well, there's the obvious reason: There's fear afoot that Tesla is lowering prices because that's the only way it can sell cars in the face of weak demand. In Germany, Reuters says, similar but smaller cuts lower the cost of buying a new Tesla Model 3 or Model Y by anywhere from 1% to 17%. But at the same time, Tesla is certainly sticking it to its competitors. Across a range of configurations, Tesla shoppers in the U.S. [TSLA](/quote/nasdaq/tsla/) -3.88%) stock fell to its lowest price in a week on Friday morning, down 5.9% as of 9:45 a.m.

The price cuts will make Tesla more competitive and will also mean the base model of the Model Y, the best-selling electric vehicle in America, ...

That's well below the average price for a new vehicle in the U.S. And Tesla can move much faster to do that than its big rivals. stalwarts (GM and Ford) that Tesla is not going to play nice in the sandbox with an EV price war now underway," Ives wrote in a note. Tesla has cut the prices of its most popular models by up to 20% in the U.S. Analysts are watching to see which automakers respond by cutting prices and chasing market share. There is a caveat on those federal tax credits, though.

Electric vehicle company Tesla slashed the price of its cars across global markets as much as 20%, the automaker announced on Thursday night.

The company held a 65% market share of newly registered electric vehicles in the U.S. "That's the reason for my actions," he added. The price cuts mark the second such announcement by Tesla. Tesla's stock fell more than 2% in early trading on Friday in response to the price cut. customers will receive from a $7,500 federal tax credit that took hold for many electric vehicles at the outset of the year. The U.S.

The electric car maker is reducing prices by thousands of pounds as global downturn threatens sales.

suggesting that Tesla was "not going to play nice in the sandbox with an EV price war now underway". Paul Hollick, chair, Association of Fleet Professionals welcomed the price cuts, saying it would make electric vehicles more affordable to his members. I can't believe after a few hours from picking up the car I lost £5k". One posted on a Facebook group for Tesla owners: "I just picked up the car yesterday. Model Y vehicles start at £44,990. Go to Tesla and give back the car?

With its sales slowing and its stock price tumbling, Tesla Inc. slashed prices dramatically on several versions of its electric vehicles, making some of its ...

It's an increasingly familiar headline: another day of plunging share prices for Tesla. TheDetrotiBureau.com examines why.

was the second-largest seller of EVs in the U.S. Tesla cars have been banned from Chinese military complexes and housing compounds since 2021 as the cars’ built-in cameras are suspected of recording sensitive data. Tesla also slashed the price 14% of the high-performance variant of its Model 3 sedan to $53,990, also allowing its buyers to benefit from the tax incentive. in 2022, according to Automotive News, up 30.5% from the 340,800 units sold in 2021. The cuts come as more electric vehicles are coming to the U.S. In Germany, where the Model 3 was the best-selling EV last month, Model 3 and Model Y prices have been reduced by as much as 17 percent. Tesla sold 491,000 vehicles in the U.S. In Italy, prices have fallen by as much as 22%, while in France, the Model 3 now sells for €44,990, well below the government’s €47,000 price cap for incentives, which reduced its price by €5,000. The company slashed the price of its base Model Y crossover to $52,990, a nearly 20% price cut. market last year, with EVs commanding 5.8% of the overall market. One of Wall Street’s growing concerns is that the price cuts come in response to consumers’ weakening appetite for the automaker’s vehicles. price cuts and the Chinese government’s refusal to allow Tesla to expand its Shanghai Gigafactory.

Tesla announced large price cuts for its U.S. vehicles today, with the biggest drop affecting the base Model Y. The entry-level EV costs $13,000 less today ...

The price cuts bring the Model 3 to roughly the same price as Given the global nature of the cuts, there should be plenty of interest in the EV automaker's delivery numbers when Tesla is scheduled to report its fourth-quarter 2022 results later this month. At the end of 2022, the price of new cars in the U.S. This brings us to another related tidbit: the Inflation Reduction Act (IRA) that changed the federal tax incentive structure for EVs has a new maximum price limit for passenger cars in order for them to qualify. The entry-level Model Y got a $13,000 (20 percent) price cut and now starts at $54,630. The entry-level EV costs $13,000 less today than it was yesterday (a 20 percent drop), and it should also now qualify for a $7500 federal tax credit.

Tesla sales were up more than 40% in 2022, but the company didn't quite meet its sales targets, in part due to weak demand in China. A Tesla Model 3 is seen ...

Tesla Service has confirmed that Sonic The Hedgehog will be returning to its vehicles after a temporary suspension.

Tesla appears to be adding a heating device to keep the B-pillar cameras clear and changing the shape of the opening. That could be due to the size of the new cameras or the field of view they require. Lin then explained, "The price adjustment of a product is actually a forecast of the company's cost changes in the next period of time. Still, he stated, "it's difficult to fully determine the eligibility criteria, but we believe Tesla is very well-positioned to capture a significant share of that for solar storage and also electric vehicles." All variations of the Model Y now qualify for the $7,500 tax credit in the US. Some customers in China who bought a Tesla just before the price cut were furious. By that wording, it sounds like the new housing will include a fan, likely to prevent condensation buildup. The housing size doesn’t appear to change, just what is in it. The newer cameras are expected to have a much higher resolution in addition to other improvements such as LED flicker mitigation. Twitter user @ChrisZheng001, who has ties with the Tesla supply chain in China, posted three images that appear to be camera configurations. The translation appears to state that Tesla will be reducing its three front-facing cameras down to two and all cameras, including the interior camera, will be upgraded to 'AP4' cameras. Sonic the Hedgehog is a platform video game that was released in 1991 by Sega for their Genesis gaming system.

Tesla says price cuts are due to improved production costs. Rapidly increasing vehicle production may also be a key driver behind Tesla's move to lower prices.

So the company likely wants to ensure it has plenty of orders to support its continued growth. One model -- the base model of the company's Model Y vehicle -- saw its price get slashed by $13,000, or 20%. The company regularly tells investors it expects production and unit deliveries to increase at a rate of about 50% annually for the foreseeable future. If investors take Tesla at its word, demand is not the primary reason for the price cuts. While demand challenges may be one part of the story, this likely isn't the only reason for the price cuts. Starting with aggressive price reductions to its Model 3 and Model Y prices in China, the [electric car company](https://www.fool.com/investing/stock-market/market-sectors/consumer-discretionary/automotive-stocks/electric-car-stocks/) has now slashed prices in the U.S.

Tesla is slashing prices amid slowing demand for cars and the introduction of new electric vehicle tax credits that come with strict price caps.

The more expensive Model Y saw its price drop by roughly $13,000. The EV giant cut the price of some of its vehicles by up to 20 percent. Tesla dropped the price of its base Model 3 car by $3,000 and slashed the price of the performance model by $9,000. Tesla raised its prices several times in recent years amid huge demand and a limited supply of vehicles stemming from the shortage of semiconductors. Tesla’s price cuts also come after the automaker fell short of its delivery goal in the fourth quarter of 2022. Tesla is slashing prices amid slowing demand for cars and the introduction of new electric vehicle tax credits that come with strict price caps.

Many Tesla owners are voicing frustration after CEO Elon Musk announced significant price slashes to the massively popular electric cars.

[TESLA CUTS PRICES ON MODELS SOLD IN THE US: REPORT](https://www.foxbusiness.com/markets/tesla-cuts-prices-models-sold-us-report) "Anyone who bought a Tesla recently will feel an immediate impact wish they leased it." The Model 3 and Model Y are Tesla’s bestselling vehicles. That puts the vehicle below a $55,000 cap, making it eligible for the tax incentive. I feel like a got taken advantage of as a consumer," Marianne Simmons, a Tesla owner who purchased her latest vehicle from the company in September, told the outlet. [The electric automaker](https://www.foxbusiness.com/category/tesla) has reportedly cut prices on some models by nearly 20%, according to the Wall Street Journal.

Three people were injured in the accident, including both drivers and one passenger.

It is not known if the driver of the Model Y simply wasn’t paying close enough attention and ran into the curb, or if other factors (such as a driver assistance system) were involved. Photos of the aftermath of the accident show that the damage was pretty severe, with the airbags deployed, the hoods crumpled, and both front bumpers significantly broken. It’s hard to say with certainty what was going on inside the vehicle, but it appears that the Model Y actually accelerates into the opposing lane, suggesting that the driver may have mistakenly hit the accelerator pedal instead of the brake. A third car, meanwhile, that was following the silver Tesla also suffered damage after it was unable to stop in time. [a black Tesla Model Y](https://www.carscoops.com/tag/tesla-model-y/), which was entering the tunnel. An incident involving Tesla on Tesla violence was recently filmed inside a tunnel in Hong Kong.