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Musk Promises to Stay in Tesla Role for 5 Years, Cutting Back on Politics

Musk Promises to Stay in Tesla Role for 5 Years, Cutting Back on Politics

Elon Musk is cutting back on political activity as Tesla pushes into autonomous vehicles, announcing plans to stay with the automaker as CEO for the next five years. Musk also said autonomy is the key to Tesla’s future, with its new CyberCab ready to roll next month.

Tesla Weighed Down by $800 Million in Unsold Cybertrucks

Tesla Weighed Down by $800 Million in Unsold Cybertrucks

In the weeks after Tesla unveiled its Cybertruck in November 2019, the automaker claimed to have logged more than 1 million advance reservations. As it turns out, only a handful of those have been translated into actual sales. Now, the automaker has an estimated 10,000 unsold trucks piled up on dealer and factory lots – worth about $800 million. The lack of demand has led Tesla to pull the plug on a range extender option that was supposed to deal with the truck’s limited range. Headlight.News has more.

Newer, Cheaper Version of Tesla Model Y Debuts

Newer, Cheaper Version of Tesla Model Y Debuts

The first major update of Tesla’s best-selling product line, the Model Y, has officially gone on sale. Known internally by its codename, Juniper, it’s also being offered in a newer, cheaper form, with a base rear-wheel-drive package dropping to $37,490 after factoring in federal tax credits. Whether that will reverse declining Tesla sales, hurt by widespread protests against CEO Elon Musk’s role in the Trump administration, remains to be seen. More from Headlight.News.

Tesla Calls “Absolutely False” Reports Board Looking to Replace Musk

Tesla Calls “Absolutely False” Reports Board Looking to Replace Musk

Tesla denied reports the company’s board has begun searching for a replacement for CEO Elon Musk. The South African-born entrepreneur has come under increasing fire due to his ties to the Trump administration, leading to a sharp slump in Tesla sales and earnings and calls by some leading investors to find a new chief executive. Headlight.News has the latest.

Tesla Trade-in Prices Post Industry’s Largest Decline

Tesla Trade-in Prices Post Industry’s Largest Decline

Looking for a good deal on a used vehicle? The price for a previously owned Tesla Model S posted the industry’s biggest year-over-year decline, according to dealer sales records. Tesla products, on the whole, have plunged in value as backlash grows to CEO Elon Musk’s role in the Trump administration. Headlight.News has more.

Trump Administration Eases Rules for Autonomous Vehicle Development Standards

Trump Administration Eases Rules for Autonomous Vehicle Development Standards

Under the guise of unleashing “American ingenuity,” the Trump administration eased some of the rules regarding the development and testing autonomous vehicles. Among the changes, automakers will not be required to report certain types of crashes involving their self-driving cars. Find out more at Headlight.News.

Slate’s New Pickup To Start at “Under $20,000” – But Are Americans Ready to Return to the Days of Hand-Cranked Windows?

Slate’s New Pickup To Start at “Under $20,000” – But Are Americans Ready to Return to the Days of Hand-Cranked Windows?

A low-profile start-up quietly backed by Amazon founder Jeff Bezos has suddenly burst into the headlines, Dubbed Slate Auto, the Michigan-based automaker rolled out an all-electric pickup Thursday night that, it said, will go on sale in late 2026 for “under $20,000.” But rather than delivering another high-tech wonder, the Slate pickup draws its inspiration from a low-tech past. Will Americans embrace an EV with crank-up windows and no infotainment screen? Headlight.News has more.

Backed By Amazon Money, the Era of the Affordable EV Has Arrived

Backed By Amazon Money, the Era of the Affordable EV Has Arrived

Millions of American motorists have been priced out of the new vehicle market, all the more so when it comes to EVs which currently average about $55,000 apiece. But Slate Auto, a new start-up backed by Amazon founder Jeff Bezos, is determined to change that equation. On Thursday, it gave the world a first look at a flexible new, all-electric pickup set to go on sale in 2026. Designed to be extremely customizable, it’s expected to start under $20,000 when you factor in federal EV tax credits. Headlight.News was there for the big debut.

Tesla’s Entry EV Now Slated to Launch Production in June

Tesla’s Entry EV Now Slated to Launch Production in June

Better late than never? Tesla has spent years debating whether to add a more affordable EV to its existing line-up. It’s finally moving forward and, despite yet another delay, will finally add the vehicle to its line-up in June. Details have yet to be released but it’s expected to be a stripped-down version of Model Y starting at less than $30,000 — with a low-priced take on the Model 3 likely to follow. But will this draw in entirely new buyers or cannibalize sales of Tesla’s existing line-up? More from Headlight.News.