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Tesla is slashing prices to stay competitive

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Tesla cut the U.S. prices of its Model Y, Model X and Model S vehicles by $2,000 each, days after the first-quarter deliveries of the world’s most valuable automaker missed market expectations.

Elon Musk’s electric-vehicle (EV) maker lowered the prices for its Model Y base variant to $42,990, while the long-range and performance variants are now priced at $47,990 and $51,490, respectively, according to its website.

The basic version of the Model S now costs $72,990 and its plaid variant $87,990. The Model X base variant now costs $77,990 and its plaid variant is priced at $92,900.
Tesla North America also said in a post on X said it would end its referral program benefits in all markets after April 30.

Referral program allows buyers to get extra incentives through referrals from existing customers, a strategy long used by traditional automakers to boost sales.

Musk has postponed a planned trip to India where he was to meet Prime Minister Narendra Modi and announce plans to enter the South Asian market, Reuters reported on Saturday.
On Monday Reuters reported, citing an internal memo, that the EV maker was laying off more than 10% of its global workforce.
Earlier this month Reuters reported the EV maker had canceled a long-promised inexpensive car, expected to cost $25,000, that investors had been counting on to drive mass-market growth.
The EV maker reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years, as price cuts failed to stir demand.

Tesla is to report first-quarter earnings on Tuesday.

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News

Google’s AI-powered search engine goes wild

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Google’s AI-powered search engine has been suggesting unconventional combinations, leaving users bewildered and even concerned at the results.

Users have taken to social media platforms to express their astonishment and amusement at the unusual search results.

Dr Karen Sutherland from UniSC joins to discuss. #featured #trending

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Shows

Social media presents threats for cyber security

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We’re all glued to our devices, so how do we keep our data secure?

Cyber security threats are all around us, at a time when we use IT-based systems the most. Ending Cyber Risk is a program that unpacks the cybersecurity industry, in association with Arctic Wolf.

Hosted by Adam Marrè, Chief Information Security officer at Arctic Wolf #ending cyber risk

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Security basics prove essential in the fight against cyber breaches

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Cyber security awareness is essential. Where are we going wrong?

Cyber security threats are all around us, at a time when we use IT-based systems the most. Ending Cyber Risk is a program that unpacks the cybersecurity industry, in association with Arctic Wolf.

Hosted by Adam Marrè, Chief Information Security officer at Arctic Wolf #ending cyber risk

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