Tesla announced it will stop producing the Model S and Model X and has no plans for new mass-market vehicles. The company is pivoting to "transportation as a service," focusing on autonomous vehicles and abandoning its traditional automotive business.

Tesla has introduced a rental program allowing customers to rent vehicles for three to seven days, starting at $60 per day. The package includes free Supercharging and Full Self-Driving (Supervised) features, though rentals are limited to specific locations and mileage restrictions apply.

Tesla's lithium refinery in Corpus Christi, Texas, has officially begun production, marking a key development for the North American electric vehicle market. The facility uses a new, acid-free process to produce battery-grade lithium hydroxide from spodumene, a hard rock ore, and aims to improve the region's supply chain.

The article discusses a leaked internal document from Tesla that suggests the company is planning to significantly reduce the cost of its vehicles, potentially by utilizing a new manufacturing method. This approach aligns with Elon Musk's vision for making electric vehicles more accessible to the broader market. The implications of this could greatly impact the automotive industry and Tesla's competitive position.

Tesla has unveiled a new factory dedicated to producing lithium iron phosphate (LFP) batteries, claiming it is almost ready for operation. This development is part of Tesla's strategy to enhance battery production and reduce costs, aiming to support its growing electric vehicle lineup and energy storage solutions.

Tesla has launched the Model Y Long Range with a six-seat configuration, starting at a price of $47,000. This new variant aims to cater to families needing extra seating without compromising on Tesla's electric performance and technology.

Tesla has introduced a more affordable version of the Cybertruck, featuring reduced range and specifications compared to the original model. This new variant aims to attract a broader customer base while maintaining the vehicle's iconic design and functionality.

Tesla faced a pivotal decision in February 2024 between producing a low-budget Model 2 and investing in the ambitious Robotaxi project. Ultimately, Elon Musk chose the Robotaxi, prioritizing the potential for high returns and market dominance, despite internal dissent and significant challenges from competitors. The decision reflects Musk's vision for the future of transportation and Tesla's need to maintain a high market valuation amidst declining stock prices.

Tesla reported a 13.5% decline in global vehicle deliveries for the second quarter, with only 384,122 units sold, falling short of analysts' expectations. The drop signals ongoing challenges for the electric vehicle maker as it attempts to shift focus towards autonomous vehicle development.

Tesla has hinted at the potential development of a Cyber SUV and a smaller version of the Cybertruck, responding to fan requests for a true SUV and a compact pickup suitable for international markets. This speculation has been fueled by recent comments from Tesla's Chief Designer and the company's promotional materials, suggesting that new vehicles could soon be added to Tesla's lineup.