ACTION! A video used to promote Tesla's self-driving tech was staged. Testimony by a senior engineer regarding a 2016 video showing the tech's ability to stop at a red light or accelerate at a green light was made before the system could actually do such things.
It is the first confirmation by a Tesla employee that the test drive was staged. They used 3D mapping to set a predetermined route and had a driver intervene during the test runs, despite a caption that the driver was there for legal reasons only.
The company says the cuts were due to inflation, while many experts say the company needed price cuts to create demand.
Ripples. The price cuts also signal a shift in the EV market. The price cuts qualify many Teslas for US EV tax credits, and some analysts say they could be the first shot in a coming price war.
It is unknown how other EV makers will respond as material sourcing and the supply chain limit OEM production ability.