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Tesla's Cybertruck, unveiled by Elon Musk in November 2019, faces skepticism about its market success. Musk has acknowledged the possibility that the pickup may not resonate with consumers as anticipated, hinting at potential challenges ahead for the vehicle's reception.
Tesla has recalled nearly 46,100 Cybertrucks due to a risk that an exterior trim panel, known as a cant rail, could detach while driving, posing a road hazard. Although there have been no reported crashes or injuries, the company will replace the affected panels for free, using a more durable adhesive. The recall affects a significant portion of Cybertrucks produced between mid-November 2023 and late February 2024.
Tesla is recalling all 46,100 delivered Cybertrucks to address issues with stainless steel panels coming loose, prompted by a complaint to the NHTSA. The recall will replace the bonding agent with a more durable adhesive, ensuring safety and preventing road hazards. Despite its robust features, the Cybertruck has faced multiple delays and recalls, falling short of initial expectations.
Elon Musk criticized Jimmy Kimmel as an "unfunny jerk" after the late-night host mocked Tesla's stock decline and recent vandalism against the company during his monologue. Kimmel's comments drew cheers from the audience, while Musk expressed shock at the violence directed at Tesla, linking it to political sentiments. Attorney General Pam Bondi condemned the attacks as domestic terrorism, with investigations underway to hold perpetrators accountable.
Commerce Chief Lutnick has urged investors to "Buy Tesla," highlighting the company's potential as Elon Musk takes a prominent role in the Trump administration's approach to cryptocurrency, particularly with Dogecoin. This call to action reflects confidence in Tesla's market position amid evolving political and economic landscapes.
Tesla faces significant challenges as CEO Elon Musk's political affiliations alienate core customers, mirroring Bud Light's struggles after its controversial marketing. Both brands have suffered from boycotts and declining sales, with Tesla's stock down over 40% amid increased competition and a lack of innovation. Analysts suggest that a leadership change may be necessary for Tesla to recover.
Elon Musk's X has filed a lawsuit against India's government, claiming that the IT ministry has unlawfully expanded censorship powers, allowing numerous officials to remove online content without proper safeguards. The lawsuit highlights concerns over a new government website that facilitates content blocking, which X argues undermines legal protections against censorship. A hearing is scheduled for March 27 in Karnataka's High Court.
Amtrak CEO Stephen Gardner has resigned amid discussions on privatizing the rail service, following comments from Elon Musk advocating for such changes. Gardner, who led Amtrak since 2022, stated his departure aims to maintain the administration's confidence in the company. Despite record ridership and ticket revenue in fiscal 2024, Amtrak faces ongoing financial challenges, with significant operating losses attributed to its mandate to serve rural communities and decades of inadequate federal funding.
Tesla faces significant challenges linked to Elon Musk's influence, raising concerns among investors. Wall Street's most optimistic analysts express dissatisfaction, highlighting the potential impact of Musk's actions on the company's performance and stock value.
Ross Gerber, a longtime investor in Tesla, is urging Elon Musk to either return as CEO or appoint a suitable replacement, citing Musk's divided attention due to his government role. Gerber's call comes as Tesla's stock continues to decline, with concerns over Musk's focus on multiple ventures impacting the company. He emphasizes that Tesla's business has been neglected and requires dedicated leadership to navigate its challenges.
Elon Musk
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