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Tesla Discontinues Orders for Cheapest Cybertruck, Pushes $100,000 Version

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Tesla has halted orders for its least expensive Cybertruck, previously priced at $61,000, and is now focusing on selling the $100,000 version. This shift comes as the company ramps up production and aims to meet its goal of manufacturing 200,000 units annually.

Despite CEO Elon Musk’s earlier claim of 1 million reservations, the decision to drop the lower-priced model indicates that actual demand might be lower than anticipated. Tesla’s website now offers only the $99,990 dual-motor Foundation limited series, with a 318-mile range, and the $119,990 tri-motor Foundation Cyberbeast, with a 301-mile range. These models are available for delivery starting this month and in October, respectively.

 

 

The move highlights Tesla’s strategy to capitalize on higher-priced models, which have already seen significant sales, with nearly 4,800 units sold in July alone. However, sustaining high sales volume at this price point may prove challenging, according to industry analysts.

The Cybertruck, with its unique trapezoidal design and stainless-steel body, began deliveries in November 2023 after several delays. Originally promised at a $40,000 price point with a 500-mile range, the current models fall short of these early expectations.

 

UK Reconsiders Social Media Regulation Following Far-Right Riots

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In response to a week of far-right riots fueled by false information spread online, the British government is reviewing potential changes to the Online Safety Act, aimed at regulating social media companies. Although the act was passed in October, it will not be enforced until early next year. Currently, the act allows the government to fine social media companies up to 10% of their global turnover if they fail to police illegal content, such as incitements to violence or hate speech. However, proposed amendments may enable Ofcom, the UK’s communications regulator, to sanction companies for allowing “legal but harmful” content, such as misinformation, to proliferate.

The Labour government, which recently took office, inherited this legislation from the Conservatives, who spent considerable time balancing free speech rights with the need to address online harms. A recent YouGov survey of over 2,000 adults revealed that 66% believe social media companies should be held accountable for posts that incite criminal behavior, and 70% feel these companies are not strongly regulated enough. Additionally, 71% of respondents said that social media platforms did not do enough to counter misinformation during the riots.

Key figures have weighed in on the issue. Cabinet Office minister Nick Thomas-Symonds stated that the government is prepared to revisit the law’s framework, while London Mayor Sadiq Khan expressed that the Online Safety Act may need amendments in light of the recent unrest. The riots, sparked by misleading online posts falsely identifying the suspect in a knife attack, underscore the urgency of effective social media regulation.

 

Elon Musk Implements Major Design Change for Robotaxi, Delays Unveiling

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Robotaxi Event Delayed, Details on the Rescheduling Remain Unclear Devamını Oku