Tesla announces a revised product roadmap due to pressure on electric vehicle sales. The company plans to launch more affordable models, potentially as early as the end of 2024. The announcement sent Tesla's stock soaring over 1%.

Source: https://techcrunch.com/

Tesla's Q1 profit fell 55% to $1.13 billion due to price-cutting strategy. Revenue dropped 8.5% to $21.3 billion, missing analyst expectations. Shares rose 7% after the release.

Source: https://techcrunch.com/

Tesla has introduced a new Model 3 Performance variant with a starting price of $52,990. It features an active damping system, adaptive suspension, and 296 miles of battery range. The car can accelerate from 0-60mph in 2.9 seconds with 510 horsepower.

Source: https://techcrunch.com/

Tesla's share price has dropped 43% since the beginning of the year. The company is expected to report unimpressive financial results for the first quarter. CEO Elon Musk is shifting priorities towards autonomy. The earnings call is scheduled for 5:30 pm ET on Tuesday.

Source: https://techcrunch.com/

Twitter, now known as X, is launching a dedicated TV app for user-uploaded videos. The app will feature a trending video algorithm and AI-powered topics, allowing users to stay updated with popular content. X CEO Linda Yaccarino announced the launch, with the app's interface similar to YouTube's.

Source: https://techcrunch.com/

Bedrock Energy, a startup co-founded by Jocelyn Lai, aims to decarbonize climate control in large commercial buildings by installing geothermal heating pumps. Buildings generate about a third of the US carbon pollution, mostly from heating and cooling.

Source: https://techcrunch.com/

Manish Lachwani, former founder of HeadSpin, was sentenced to prison and fined for lying to investors, allowing the company to raise $100 million in funding. Lachwani's fraud was uncovered, and he will serve time for his actions.

Source: https://techcrunch.com/

Source: https://techcrunch.com/

Perplexity, an AI search engine startup, is raising at least $250 million in funding at a valuation of $2.5-3 billion. This follows two previous fundraises, including a $74 million raise in January at a $540 million valuation, and a March raise. The company's valuation has increased significantly in the past four months.

Source: https://techcrunch.com/

Apple has scheduled an online event for May 7, titled 'Let Loose', with details to be revealed later. The event will likely focus on one or two select products, possibly smaller in scale due to its online-only format.

Source: https://techcrunch.com/