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Tesla plans to shut down Model Y and Cybertruck production over the week of July 4
- Tesla plans to pause Model Y and Cybertruck production for one week starting June 30 at its Austin factory for maintenance purposes.
- The shutdown follows previous pauses this year and comes amid struggles including a 13% year-over-year sales drop and brand damage tied to CEO Elon Musk's outside activities.
- Tesla is tentatively launching a self-driving Model Y robotaxi pilot with 10 to 20 vehicles in Austin on June 22, using a future version of Full Self-Driving software.
- Tesla shares fell nearly 4% after news of the production halt, while public protests occurred against the robotaxi launch and Musk's political involvement, highlighting ongoing tensions.
- The production pause and robotaxi pilot underscore Tesla's effort to optimize output and advance autonomous vehicle technology amid uncertain market conditions and consumer responses.
24 Articles
24 Articles
Tesla shuts down veteran's car over Kelly Grimsley disputes
If you are still waiting for your license plates, here's what you need to know: ODESSA, Texas (KMID/KPEJ)- For months, Odessa military veteran Brent Cardal, known to his friends as "Peg", has battled with a local dealership to get his new vehicle registered. Now, amid a lawsuit aimed at the dealership who sold him his Tesla, he said that Kelly Grimsley Auto Group owes him, and many other buyers, some answers. Peg visited the dealership more …
Former President Musk Can't DOGE Karma
Former President Elmo can't escape himself or Karma as he continues to receive his justice: Tesla shares fell nearly 4% on Tuesday after a report that the electric vehicle maker was halting production of Cybertruck and Model Y models for a week in Austin, Texas. The production stoppage begins June 30, Business Insider reported, citing a staff meeting where the announcement was made. The pause, which is for maintenance on production lines, would…
Tesla Stock Plummets as Company Abruptly Halts Production of Cybertruck and Model Y
Tesla is pausing production of the Cybertruck and its newly-retooled Model Y, and the stock market is already responding. On the heels of a new Business Insider report about the production shutdown, which is purportedly slated for the week of June 30 based on insider interviews, the company's stock fell to about $316, which was almost four percent lower than it was at the start of the day. To make matters worse, Tesla stock was already sliding t…
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