Texas' high tech sector buzzes along amid industry downturn

May 22, 2024
High tech represents nearly 5% of state GDP and more than 9% of employment. What makes the state's sector so resilient?
Charging stations at Tesla's corporate headquarters in Austin. High tech jobs have flourished around Austin, thanks to investments from companies like Tesla.
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Tesla laid off almost everyone that built its EV charging network

May 2, 2024
That network is in the process of opening to other car companies, so what does this move mean for drivers — and the industry?
The team behind Tesla's charging network was slashed, even after multiple carmakers announced deals with Tesla to adopt its charging system.
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What to expect from Tesla ahead of quarterly results

Apr 23, 2024
The company reports after the bell on Tuesday.
Tesla once dominated the now-crowded EV market.
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Tesla cuts more than 10% of global workforce as challenges mount

Apr 15, 2024
The electric vehicle maker faces softening demand and intense competition on prices, and earlier price cuts have not sufficiently jolted sales.
Tesla’s deliveries dropped by 8.5% in the first quarter, making it the first decline in four years.
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Why do so many companies incorporate in Delaware?

Feb 2, 2024
More than two-thirds of the Fortune 500 are incorporated in the First State, but Texas is gunning for a share of that.
The state flag of Delaware, where roughly two-thirds of Fortune 500 companies are incorporated.
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Tesla sacrifices to stay ahead of rivals in EV race

Oct 16, 2023
For the first time, the electric vehicle maker's market share is under 50%.
Tesla reduced prices in the past year, putting roadblocks in the path of traditional carmakers competing in electric vehicles. Tesla's upcoming quarterly results may show whether its revenue has suffered.
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EV prices are falling, but remain out of reach for many potential buyers

Jul 17, 2023
The industry may need to cut costs to bring down stickier prices.
Ford's F-150 Lightning electric pickup (above) is part of recent price drops in the electric vehicle space.
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In the race for electric vehicles, Chinese consumers are in the driver's seat

Jul 3, 2023
U.S. legacy automakers are losing ground to Tesla and Chinese companies like BYD in China, once considered a major new market.
"Tesla is still crushing it in China," says Tu Le, managing director at Sino Auto Insights. But  Chinese automotive giant BYD sold more cars than Tesla in the second quarter.
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Electric vehicle sales are strong, but EV startups are struggling

May 4, 2023
It's not easy to start a carmaker, especially with rivals like Tesla, GM, Ford and Toyota, which have market share and manufacturing experience.
A row of Rivian electric pickup trucks. The company's shares are trading at a small fraction of their peak value in late 2021.
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EVs are far from standardized. For mechanics, that's an issue.

Mar 23, 2023
When your EV is no longer under warranty, who fixes it?
EVs are getting more and more commonplace on the road, so they'll also be more and more common at your local garage.
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