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Elon Musk Admits Cybertruck Is Too Expensive, Says it Needs to be More Affordable

Elon Musk Admits Cybertruck Is Too Expensive, Says it Needs to be More Affordable

Tesla’s Cybertruck is arguably one of the most polarizing models on the market today but while the truck has gathered plenty of publicity for the EV company, the truck has proven to be far from perfect with recalls and other issues giving Tesla and founder Elon Musk a growing headache. However, the CEO appears to have finally admitted that the truck is too expensive for its audience.

Investors Unhappy with Tesla’s Results, Musk’s Explanation

Investors Unhappy with Tesla’s Results, Musk’s Explanation

Tesla’s second quarter results reflected the tough times the EV maker’s experiencing now that there is more competition and other issues impacting sales. While the company’s overall revenue rise slightly, its net income and automotive operations revenue took massive hits. Moreover, CEO Elon Musk doesn’t seem too bothered by the numbers. Get details at Headlight.News.

Analysts Predict Tesla Deliveries to Drop for Second Straight Quarter

Analysts Predict Tesla Deliveries to Drop for Second Straight Quarter

Electric vehicle sales have been pretty steady as a group, but that’s in large measure due to Tesla, the segment leader, seeing sales drop since the start of the year. Analysts predict Tesla’s global deliveries will drop at least 3% during Q2 while other EV makers are making gains. Find out more at Headlight.News.