As investors await a cheaper Tesla, the company released a more expensive one

Tesla isn’t making “EVs affordable for everyone” yet.

1/24/25 9:28AM

After canceling plans to build a mass-market $25,000 car, Tesla last quarter reiterated its plan to “make EVs affordable for everyone” by offering “more affordable models” of its existing lineup in the first half of 2025. Ahead of the company’s fourth-quarter earnings next week, it’s releasing a more expensive one.

Buyers in the US can now order the newly redesigned Model Y, which was made available in China earlier this month, but it will cost them about $60,000 before federal tax credits, which may not be long for this world. That sticker price is up to 25% more than the costliest versions of the older Model Y, which is also still available. The new model features a number of interior and exterior design changes, taking notes from Tesla’s Model 3 revamp and the Cybertruck.

Investors are hoping lower-cost models could stanch lagging sales. The company recently saw its first annual sales decline in over a decade as it struggles with cheaper, seemingly more popular competition.

CEO Elon Musk has also said the company plans to have a low-cost fully autonomous robotaxi in “volume production” next year. We’ll believe it when we see it.

Rani Molla11/7/25

Amazon expands low-price Haul section to 14 new markets as Amazon Bazaar app

Amazon is expanding its low-cost Amazon Haul experience to a new stand-alone app called Amazon Bazaar.

Amazon launched its Temu and Shein competitor a year ago as a US mobile storefront on its website and has since expanded to about a dozen markets. Consumers could purchase many items for under $10, as long as they were willing to stomach longer delivery times.

Now, thanks to success in those places, the programming is expanding to 14 new markets — Hong Kong, the Philippines, Taiwan, Kuwait, Qatar, Bahrain, Oman, Peru, Ecuador, Argentina, Costa Rica, the Dominican Republic, Jamaica, and Nigeria — with a new app and name: Amazon Bazaar.

“Both Amazon Haul and Amazon Bazaar deliver the same ultra low-price shopping experience, with different names chosen to better resonate with local language preferences and cultures,” the company said in a press release.

Amazon extends Haul’s ultra low-price shopping experience to 14 new destinations with new Amazon Bazaar app

Big Tech’s most important infrastructure is at the bottom of the sea

While data centers on land are getting all the attention, Big Tech’s vast network of undersea fiber-optic cables carry 99% of all international network traffic.

Jon Keegan11/7/25

After watching small drones reshape the battlefield in Ukraine, the US Army has announced plans to buy 1 million drones over the next two to three years, according to a report from Reuters.

The military threat of China’s dominance of the quadcopter-style drone industry is also driving the decision. But China’s control over much of the supply chain for drones, including rare earth magnets, sensors, and microcontrollers, will make it much harder for American drone manufacturers to catch up.

Rani Molla

They’re Out There

11/7/25

The wildest stuff Elon Musk said at Tesla’s shareholder meeting

Get ready to text and drive while the Optimus robot cures poverty.