Tesla is dropping prices of unsold Model Y SUVs in the U.S. by thousands of dollars in an attempt to clear out an unprecedented backlog of inventory.
The discounts come as Tesla once again made far more vehicles than it sold in the last quarter.
The company built 433,371 vehicles in the first quarter but only shipped 386,810, likely adding more than 40,000 EVs to its inventory glut.
It announced a $1,000 price hike was coming to the Model Y, its most popular vehicle, on April 1.
He has largely blamed the struggle on high interest rates, all while his company dramatically cut prices on the Model Y and Model 3 throughout 2023.
In this edition of WiR, we cover Cruise slashing 24% of its driverless workforce (and, relatedly, Tesla’s autopilot recall), Twitch’s new nudity policy conundrum, Adobe’s updated app design language and Instagram launching a generative AI–powered background editor.
Most readGemini comes to more apps: Google’s Gemini GenAI models — specifically Gemini Pro, a lightweight version of a more capable model, Gemini Ultra, set to arrive in the coming months — is making its way into more Google products.
Duet AI, the company’s suite of dev assistance tools for code completion and generation, will soon start using Gemini.
So will AI Studio (formerly MakerSuite), Google’s AI app design experience on the web, and Vertex AI, the tech giant’s managed AI dev platform for enterprises.
Called Spectrum 2 (no surprise there), the new design system backs off a bit from the austerity of the current Spectrum design and adds quite a few more splashes of color.
An email, penned by newly minted president and CTO Mo Elshenawy, was sent this morning to the entire 3,800-person workforce.
Cruise is targeting non-engineering jobs in the layoffs, particularly those people who worked in the field, commercial operations and corporate staffing, according to the email.
Engineering, a category that makes up the bulk of the Cruise workforce, is largely being preserved, according to the content of the email and discussions with internal sources.
The layoffs have been largely expected at Cruise for weeks now.
GM and the Cruise board have been scrambling ever since the October 2 incident put the company in the crosshairs of state, local and federal agencies.
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