MTN CEO Ralph Mupita on LEO Satellites in Africa
SpaceX's Starlink satellites have been making inroads into Africa, attempting to take advantage of a continent much in need of better connectivity. While their entrance has been met with resistance in some markets, others seem more willing to work with the company. South Africa's MTN is one of them. CEO Ralph Mupita discusses the role of Low Earth Orbit satellites amid SpaceX CEO Elon Musk's claim that his company is being prevented from operating in South Africa. He speaks with Bloomberg's Jennifer Zabasajja. (Source: Bloomberg)
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16 minutes ago
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Baird Lowers Tesla (TSLA) to Hold, Citing Valuation and Robotaxi Risk
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Business Insider
23 minutes ago
- Business Insider
It's a common workplace problem: Things got heated during a disagreement. Now what?
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Forbes
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- Forbes
Tesla Cybertruck Price Collapse Drives Beast Of A Deal
Tesla electric cars and a Cybertruck are displayed in a test drive vehicle charging area at a ... More shopping mall parking garage in San Diego, California, on April 23, 2025. Elon Musk will significantly scale back his Trump administration work in May to focus on Tesla, the billionaire announced Tuesday as the electric vehicle maker reported a 71 percent drop in first-quarter profits. (Photo by Patrick T. Fallon / AFP) (Photo by PATRICK T. FALLON/AFP via Getty Images) The plunge in Tesla Cybertruck prices has resulted in unprecedented deals for the high-end trim of the Tesla pickup. Tesla is now selling new Cyberbeast inventory with 'price adjustments," aka discounts, of up t0 $10,550. One new Cyberbeast, a demo with 479 miles, is priced at $94,940. If you include the $7,500 federal tax credit, the price drops to $87,440. That configuration comes with 20'' Cyber Wheels ($3,500) and White Décor ($2,000). Another Cyberbeast is priced at $91,790 with a $10,200 discount. It also comes with 20'' Cyber Wheels and White Décor. Add the $7,500 federal tax credit and the price drops to $84,290. The Cyberbeast comes standard with a tri-motor powertrain and other extras such as Premium Interior with Suede Textile Trim. It is rated at 301 miles of range. (Note that these prices are as of Sunday June 15. But prices change often and vehicles may get sold, rendering the link inactive.) The price freefall comes against a backdrop of swelling new All-Wheel Drive (dual-motor) inventory on Tesla's Cybertruck page. Some inventory AWD Cybertruck discounts are as high as $8,550, bringing the price down to as low as $69,440 with the federal tax credit. That price includes 20'' Cyber Wheels ($3,500) and White Décor ($2,000). The Cyberbeast Foundation Series has fallen hard from its rarefied pricing of only a year ago. At that time, the Cyberbeast version of the Cybertruck was being flipped for more than $150,000. That market dynamic is now inverted. A tri-motor Cyberbeast Foundation Series with only 1,200 miles is selling for around $92,000 at a car dealership in Southern California as of Saturday June 14. Another used Cyberbeast with 16,027 miles has an asking price of $89,000. While another used Foundation Series Cyberbeast is selling for $89,620 with 9,974 miles. The Foundation Series comes with Full Self Driving standard, an $8,000 value, and Tesla Powershare vehicle-to-home back-up capability, among other extras. A new Cyberbeast sells for $99,990 on Tesla's Cybertruck website. Last year at this time it was priced at $119,990 direct from Tesla. Cars on average lose about 20% of their original value during the first year, according to Kelley Blue Book. But pricing of a virtually new (flipped) Cybertruck has lost as much as 40% of its value in a year. That's because the Cybertruck's used market value was inflated initially due to hype and high demand and meager supply. Overall, used Cybertruck prices have plummeted from a year ago when the average asking price for a used Cybertruck Foundation Series was over $130,000 (see charts). The wedge-shaped stainless steel pickup went on sale in late November of 2023. Tesla Cybertruck used market prices have come down more than 20% in the last six months. Tesla Cybertruck used market price has plummeted almost 40% year over year. Deliveries of the Cybertruck plummeted in the first quarter of this year—essentially cut in half—falling to 6,406 versus 12,991 in the fourth quarter of last year, according to Cox Automotive. Trade-in value for the truck has been a shock for some owners, after Tesla began accepting trade-ins.
