![WALL STREET IS LOOKING TO TESLA'S EARNINGS FOR CLUES TO MUSK'S PLAN TO RESTORE COMPANY'S WILD GROWTH](https://cdn.magzter.com/1406567956/1714003051/articles/F-Zyofutz1714124113651/WALL-STREET-IS-LOOKING-TO-TESLAS-EARNINGS-FOR-CLUES-TO-MUSKS-PLAN-TO-RESTORE-COMPANYS-WILD-GROWTH.jpg)
Many industry analysts say a nearly 9% sales decline in the opening three months of 2024 raises questions about demand for Teslas and other electric vehicles.
For Musk, the answer appears to be the long-elusive robotaxi, which he has been touting as a growth catalyst for Tesla since the hardware for it went on sale late in 2015. Musk has called the system “Full Self Driving,” even though the company says on its website that it can’t drive itself and humans must be ready to take control at all times.
In 2019, Musk promised a fleet of autonomous robotaxis by 2020 that would bring income to Tesla owners and make their car values appreciate. Instead, they’ve declined with price cuts, as the autonomous robotaxis have been delayed year after year while being tested by owners as the company gathers road data for its computers.
Now, Musk appears to be betting that the unveiling of a new robotaxi model on Aug. 8 will be the catalyst that his company needs to return to wild annual sales growth.
Industry analysts are skeptical, and fear that Musk has canceled or delayed plans for the Model 2, a new small Tesla for the mass market that would cost around $25,000. Analysts polled by FactSet see the company’s first-quarter net income falling 42% from a year ago to $1.46 billion.
Over the weekend, though, Tesla lopped $2,000 off the price of the Models Y, S and X in the U.S. and reportedly made cuts in other countries including China. It also slashed the cost of “Full Self Driving” by one-third to $8,000.
As investors digested the price cuts, shares in Tesla Inc., which is based in Austin, Texas, fell another 3.4%, pushing the year-to-date decline to just under 43%. Since the start of the year, though, the S&P 500 index is up about 5%.
هذه القصة مأخوذة من طبعة April 27, 2024 من Techlife News.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة April 27, 2024 من Techlife News.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
![CLIMATE SOLUTION: MASSACHUSETTS TOWN EXPERIMENTS WITH COMMUNITY HEATING AND COOLING](https://reseuro.magzter.com/100x125/articles/7185/1723283/VP2ODhCST1717757679223/CLIMATE-SOLUTION-MASSACHUSETTS-TOWN-EXPERIMENTS-WITH-COMMUNITY-HEATING-AND-COOLING.jpg)
CLIMATE SOLUTION: MASSACHUSETTS TOWN EXPERIMENTS WITH COMMUNITY HEATING AND COOLING
Jennifer and Eric Mauchan live in a Cape Codstyle house in Framingham, Massachusetts that they’ve been cooling with five air conditioners.
![TECH NEWS SITE GIZMODO SOLD FOR THIRD TIME IN 8 YEARS AS EUROPEAN PUBLISHER KELEOPS LOOKS TO EXPAND](https://reseuro.magzter.com/100x125/articles/7185/1723283/qXdMSqtYl1717757590449/TECH-NEWS-SITE-GIZMODO-SOLD-FOR-THIRD-TIME-IN-8-YEARS-AS-EUROPEAN-PUBLISHER-KELEOPS-LOOKS-TO-EXPAND.jpg)
TECH NEWS SITE GIZMODO SOLD FOR THIRD TIME IN 8 YEARS AS EUROPEAN PUBLISHER KELEOPS LOOKS TO EXPAND
Longtime technology news and review site Gizmodo has been sold for the third time in the past eight years, this time to a European publisher looking to expand its coverage of the digital scene.
![ONLINE MARKETPLACE EBAY TO DROP AMERICAN EXPRESS, CITING FEES, AND SAYS CUSTOMERS HAVE OTHER OPTIONS](https://reseuro.magzter.com/100x125/articles/7185/1723283/4wwD5Z8NE1717757507324/ONLINE-MARKETPLACE-EBAY-TO-DROP-AMERICAN-EXPRESS-CITING-FEES-AND-SAYS-CUSTOMERS-HAVE-OTHER-OPTIONS.jpg)
ONLINE MARKETPLACE EBAY TO DROP AMERICAN EXPRESS, CITING FEES, AND SAYS CUSTOMERS HAVE OTHER OPTIONS
Online marketplace behemoth eBay said it plans to no longer accept American Express, citing what the company says are “unacceptably high fees” and that customers have other payment options to shop online.
![CHINA LANDS A SPACECRAFT ON THE MOON'S FAR SIDE TO COLLECT ROCKS FOR STUDY](https://reseuro.magzter.com/100x125/articles/7185/1723283/-433N9znA1717757420158/CHINA-LANDS-A-SPACECRAFT-ON-THE-MOONS-FAR-SIDE-TO-COLLECT-ROCKS-FOR-STUDY.jpg)
CHINA LANDS A SPACECRAFT ON THE MOON'S FAR SIDE TO COLLECT ROCKS FOR STUDY
A Chinese spacecraft landed on the far side of the moon Sunday (02) to collect soil and rock samples that could provide insights into differences between the less-explored region and the better known near side.
![BOEING LAUNCHES NASA ASTRONAUTS FOR THE FIRST TIME AFTER YEARS OF DELAYS](https://reseuro.magzter.com/100x125/articles/7185/1723283/jM0r6E-KB1717757346056/BOEING-LAUNCHES-NASA-ASTRONAUTS-FOR-THE-FIRST-TIME-AFTER-YEARS-OF-DELAYS.jpg)
BOEING LAUNCHES NASA ASTRONAUTS FOR THE FIRST TIME AFTER YEARS OF DELAYS
Boeing launched astronauts for the first time Wednesday, belatedly joining SpaceX as a second taxi service for NASA.
![SOFTWARE GIANT SAP AGREES TO BUY WALKME FOR $1.5 BILLION CASH](https://reseuro.magzter.com/100x125/articles/7185/1723283/ZC8xGZTcp1717757266147/SOFTWARE-GIANT-SAP-AGREES-TO-BUY-WALKME-FOR-15-BILLION-CASH.jpg)
SOFTWARE GIANT SAP AGREES TO BUY WALKME FOR $1.5 BILLION CASH
German software giant SAP has agreed to buy WalkMe in an all-cash deal valued at about $1.5 billion.
![NEW ORLEANS PLANS TO SPIFF UP AS HOST OF NEXT YEAR'S SUPER BOWL](https://reseuro.magzter.com/100x125/articles/7185/1723283/Qc8bz7T3Q1717757199813/NEW-ORLEANS-PLANS-TO-SPIFF-UP-AS-HOST-OF-NEXT-YEARS-SUPER-BOWL.jpg)
NEW ORLEANS PLANS TO SPIFF UP AS HOST OF NEXT YEAR'S SUPER BOWL
New Orleans hosts its 11th Super Bowl next year and the preparations involve showcasing the city’s heralded architecture, music, food and celebratory culture while addressing its myriad challenges, including crime, pockets of homelessness and an antiquated drainage system.
![GOOGLE MAKES FIXES TO AI-GENERATED SEARCH SUMMARIES AFTER OUTLANDISH ANSWERS WENT VIRAL](https://reseuro.magzter.com/100x125/articles/7185/1723283/-sHfjLcPK1717757068439/GOOGLE-MAKES-FIXES-TO-AIGENERATED-SEARCH-SUMMARIES-AFTER-OUTLANDISH-ANSWERS-WENT-VIRAL.jpg)
GOOGLE MAKES FIXES TO AI-GENERATED SEARCH SUMMARIES AFTER OUTLANDISH ANSWERS WENT VIRAL
Google said it has made “more than a dozen technical improvements” to its artificial intelligence systems after its retooled search engine was found spitting out erroneous information.
![AI IS IMITATING THE DEAD AND DYING, RAISING NEW QUESTIONS ABOUT GRIEVINGY](https://reseuro.magzter.com/100x125/articles/7185/1723283/nWSqtTgRQ1717756134398/AI-IS-IMITATING-THE-DEAD-AND-DYING-RAISING-NEW-QUESTIONS-ABOUT-GRIEVINGY.jpg)
AI IS IMITATING THE DEAD AND DYING, RAISING NEW QUESTIONS ABOUT GRIEVINGY
When Michael Bommer found out that he was terminally ill with colon cancer, he spent a lot of time with his wife, Anett, talking about what would happen after his death.
![FORMER OPENAI EMPLOYEES LEAD PUSH TO PROTECT WHISTLEBLOWERS FLAGGING ARTIFICIAL INTELLIGENCE RISKS](https://reseuro.magzter.com/100x125/articles/7185/1723283/oL5ZlLKVF1717755851842/FORMER-OPENAI-EMPLOYEES-LEAD-PUSH-TO-PROTECT-WHISTLEBLOWERS-FLAGGING-ARTIFICIAL-INTELLIGENCE-RISKS.jpg)
FORMER OPENAI EMPLOYEES LEAD PUSH TO PROTECT WHISTLEBLOWERS FLAGGING ARTIFICIAL INTELLIGENCE RISKS
A group of OpenAI’s current and former workers is calling on the ChatGPT-maker and other artificial intelligence companies to protect employees who flag safety risks about AI technology.