Hyundai CEO Jose Munoz is not concerned about the friendship between Trump and Musk and says it can benefit all automakers as analysts predict gloomy times are coming.
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Tesla Halts Orders for Base Cybertruck, Shifts Focus to $100,000 Model
Tesla has stopped taking orders for the $61,000 Cybertruck, making a $100,000 version of the electric pickup the new base offering. The move surprised many observers as demand appears to be falling well short of initial expectations – and comes just days after Tesla CEO Elon Musk acknowledged Cybertruck may be overpriced.
Musk Shuts Down Hyperloop
It was supposed to provide a high-speed alternative to air travel, but Elon Musk is quietly shutting down his once-promising hyperloop company at the end of this year. Its assets are being sold off to a Dubai-based shipping company, though it’s far from clear that will ever bring the maglev system into real-world operation. Get details at Headlight.News.