Capitalize Business News

By: Quintessa Copeland
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  • Summary

  • Breaking news and analysis on business and the economy, including the latest news in technology, stock markets, media and finance.
    Copyright Quintessa Copeland
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Episodes
  • Tesla cuts price of Full Self-Driving software by a third to $8,000

    Tesla cuts price of Full Self-Driving software by a third to $8,000
    Apr 21 2024
    Welcome to Capitalize Business News Today Tesla cuts price of Full Self-Driving software by a third to $8,000
    Tesla , opens new tab slashed the price of its Full Self-Driving driver assistant software to $8,000 from $12,000 in the United States, as CEO Elon Musk doubles down on self-driving technology.
    Musk is betting on the technology to become cash cow for the world's most valuable automaker. But he has for years failed to achieve the goal of self-driving capability, with the technology under growing regulatory and legal scrutiny.

    Musk earlier this month said Tesla will unveil its robotaxis on Aug. 8, after Reuters reported Tesla had scrapped its inexpensive, mass-market car in favour of robotaxis.
    According to the Tesla website, customers can now pay $8,000 for the FSD feature, or subscribe to use it for $99 a month.
    Tesla recently cut the U.S. monthly subscription price for the feature from $199, while giving every Tesla customer a month's free subscription to the software.
    Tesla has also been cutting prices on its auto line-up in major markets. Grappling with falling sales and an intensifying price war for electric vehicles, Tesla cut prices by nearly $2,000 across its line-up in China, in line with its price cuts in the United States.
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    1 min
  • Latest News

    Latest News
    Apr 20 2024
    Welcome to Capitalize Business News Podcast
    Latest News
    Comcast launches prepaid and month-to-month internet and phone plans.
    Comcast is launching a prepaid and month-to-month internet and phone plan program called NOW.
    The plans are aimed at being low in cost, coming in at between $20 per month and $45 per month, depending on the package.
    The NOW program supplements Comcast’s long-standing low-income internet option, called Internet Essentials.
    On to next topic
    How a Jack Dorsey-backed bitcoin miner uses a volcano in Kenya to turn on the lights in rural homes.
    Gridless, backed by Jack Dorsey’s Block, operates bitcoin mines in Kenya, Malawi and Zambia.
    The company’s bitcoin mine in Kenya, near an extinct volcano, has powered 5,000 households in the country.
    “As often happens, you’ll have an overage of power during the day or even at night, and there’s nobody to soak that power up."
    On to next topic
    Small business optimism hits 11-year low as inflation fears won’t go away
    The NFIB’s business optimism survey showed a reading of 88.5, down nearly a point from February and the lowest since December 2012.
    A quarter of all respondents cited inflation, and in particular higher input and labor costs, as their most pressing issue.
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    1 min

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