Austin, TX

Tesla shares rise on plans to accelerate launch of ‘more affordable’ models

Published

2 years ago

April 23, 2024

Tesla shares rise on plans to accelerate launch of ‘more affordable’ models

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Tesla has pledged to bring forward the launch of “more affordable” models of its electric vehicles, helping its stock recover some of its recent losses despite reporting a 9 per cent decline in first-quarter revenue amid a sharp fall in sales.

In a filing on Tuesday, the electric-car maker said it had “updated our future vehicle line-up to accelerate the launch of new models ahead of our previously communicated start of production in the second half of 2025”.

It added that these would include “more affordable” vehicles that could be produced on its existing manufacturing lines. Tesla shares rose more than 12 per cent in after-hours trading.

Chief executive Elon Musk said in January that Tesla was preparing to start production of a new lower-cost car next year, priced at $25,000 and dubbed Model 2. The stock had fallen on a Reuters report earlier this month that the project had been shelved, which Musk denied.

On a conference call, Musk refused to be drawn on specific plans for an affordable “next generation vehicle” or how it would be produced using Tesla’s current infrastructure. He had previously said the Model 2 would require a new “revolutionary manufacturing system” at factories in Austin, Texas, as well as in Mexico.

Instead, Musk said more information would be given alongside an August announcement about “robotaxis” and sketched an ambitious vision for Tesla as an “AI and robotics company” based around its autonomous driving system and humanoid robots.

“If you value Tesla just as an auto company you fundamentally have the wrong framework. If you ask the wrong question, the right answer is impossible,” he said. “If somebody doesn’t believe Tesla is going to solve autonomy they should not be an investor in the company. And we will and we are.”

The results come at turbulent time for Musk and the EV sector. Before Tuesday’s after-hours share price rise, Tesla stock had plunged more than 40 per cent since the start of the year after warning of slowing vehicle deliveries, eroding profit margins, a potential move of its incorporation to Texas from Delaware and revealing plans to cut more than 10 per cent of its workforce — at least 14,000 jobs.

Most big US carmakers have reported a drop in EV sales due to softening consumer demand, a shift in preference to hybrids and increased competition from low-cost options from Chinese brands.

“While Tesla has real issues to contend with, we believe the company’s long-term upward trajectory remains intact,” said Christopher Tsai of Tsai Capital, which holds Tesla stock. “The potential for high-margin autonomy revenue should not go unheeded.”

Absent the enthusiasm about a new vehicle line-up, the underlying financial performance remained disappointing. First-quarter revenue fell to $21.3bn from $23.3bn in the same period last year, missing analysts’ expectations for $22.3bn. That marks Tesla’s first year-on-year quarterly drop since the start of 2020.

Adjusted earnings per share almost halved from a year ago to 45 cents, versus estimates for 52 cents, and the carmaker reported a sixth consecutive quarter of declining gross margins. The closely watched financial metric fell to 17.4 per cent, down from a peak of 29.1 per cent in the first quarter of 2022.

“We experienced numerous challenges, from the Red Sea conflict and the arson attack at Gigafactory Berlin, to the gradual [increase in production] of the updated Model 3 in Fremont,” Tesla said of the start to the year. “Global EV sales continue to be under pressure as many carmakers prioritise hybrid over EVs. ”

Earlier this month, Tesla said it had delivered 386,810 electric cars between January and March, a fifth lower than the previous quarter, and 8 per cent below the same period in 2023. It has continued to cut prices for its most popular models as unsold-vehicle inventory piles up: that measure rose to 28 days of supply from 15 days a year ago.

Tesla still makes more than 80 per cent of its revenue from selling cars. Excluding the effects of regulatory credits, the gross margin from its automotive unit — a closely watched measure of its core operations — fell to 16.4 per cent for the quarter, down from 19 per cent a year ago.

Musk’s commitment to AI was evident in a big jump in “AI infrastructure capex” to $1bn, resulting in cash flow of negative $2.5bn in the period.

He said that Tesla had installed 35,000 H100 Nvidia AI model training graphics processing units and that this number would rise to 85,000 by year end. He added that its humanoid robot, dubbed Optimus, would be “more valuable than everything else combined”.

Musk is also seeking to change the company’s state of incorporation to Texas, partly in protest at a Delaware court decision to void a $56bn pay package he was awarded in 2018. Shareholders will vote on the move and whether to reaffirm his share award at its annual meeting in June.

Additional reporting by Richard Waters

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Austin, TX

Austin weather: Storms, gusty winds expected across Central Texas as cold front moves in

Published

10 hours ago

April 4, 2026

Press Room

Austin weather: Storms, gusty winds expected across Central Texas as cold front moves in

Austin weather: Saturday, April 4, 2026

Storms will make their way into Central Texas Saturday afternoon. Some have the chance to turn severe with gusty winds and the chance of flooding. FOX 7 meteorologist Adaleigh Rowe has the details.

AUSTIN, Texas – A cold front moving through Central Texas is expected to bring scattered storms, gusty winds, and a sharp drop in temperatures Saturday, with conditions improving by Easter Sunday.

Austin Saturday Forecast

The primary threats include wind gusts between 40 and 60 mph and the potential for localized flooding.

The approaching cold front is expected to intensify storms as they move eastward late Saturday morning into the afternoon. Residents are advised to remain weather-aware during this period.

Temperatures, which started in the low 70s Saturday morning, are forecast to drop throughout the day, falling into the 50s and 60s by late afternoon. Strong northerly winds, with gusts up to 30 mph, will continue into Sunday.

Easter Sunday forecast

By Saturday evening, rain chances are expected to diminish, leading to a mostly dry but cloudy and breezy Easter Sunday. Morning temperatures will begin in the 50s, with afternoon highs only reaching the 60s.

Austin 7-Day forecast

The Source: Information in this article comes from FOX 7 Meteorologist Adaleigh Rowe.

WeatherAustin

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Austin, TX

Detectives Investigating Homicide on Tuscany Way in East Austin

Published

22 hours ago

April 4, 2026

Press Room

Detectives Investigating Homicide on Tuscany Way in East Austin

The Austin Police Department is investigating a Thursday evening shooting at the Penske Rental Truck facility in East Austin that resulted in the death of a 39-year-old man.

The department revealed details about the incident in a Friday press release. At around 5:42 p.m., Austin police officers responded to a shoot/stab hotshot call at the Penske Rental Truck facility located at 8201 Tuscany Way.

The caller reported that a man had been shot. When officers arrived, they encountered two individuals next to a man on the ground suffering from visible gunshot wounds. The injured person was later identified as 39-year-old William Rogers.

APD officers provided Rogers with medical assistance until Austin-Travis County Emergency Medical Services arrived on the scene to transport him to a local hospital, where he died.

Homicide detectives and crime scene specialists responded to the scene and learned that Rogers and another man, 28-year-old Javarus Crumpton, knew each other and both worked as movers.

The two men and the third man arrived at the facility to rent a Penske moving truck. After an argument arose regarding the rental deposit cost, Crumpton allegedly shot Rogers. Crumpton and the third person remained on the scene and are cooperating with the investigation.

No arrests have been made in the case, which is being investigated as Austin’s 17th homicide of 2026. The Travis County District Attorney’s Office was notified about the incident.

Residents with information about the case can contact APD at 512-974-TIPS. Submit anonymous tips through the Capital Area Crime Stoppers Program by visiting its website or calling 512-472-8477. A reward of up to $1,000 may be available for any information that leads to an arrest.

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Austin, TX

Bluebonnets Austin: 25 Best Places To See Blooms In 2026

Published

1 day ago

April 3, 2026

Press Room

Bluebonnets Austin

Jump To: Central Austin | North Austin | South Austin | East Austin | West Austin

Each spring, spotting the vibrant bluebonnets Austin has in bloom is a quintessential Texas experience. From the historic bluffs of Pease Park to the curated displays at Zilker Botanical Garden, the city offers diverse ways to enjoy these iconic flowers.

Editor’s Note: We work hard to provide you with accurate and up-to-date information. However, all details are subject to change. Please verify information before heading out.

This post may contain affiliate links. If you click and make a purchase, we may earn a small commission at no extra cost to you.

We only recommend experiences we truly believe in! Curious about how we choose our content? Here’s our process.

Remember to check out our complete guide to Easter Egg Hunt Austin, Best Summer Camps in Austin, Restaurants with Playgrounds in Austin, Things To Do with Teens in Austin, Spring Break 2026 Camps in Austin!

Bluebonnets Central Austin

University of Texas at Austin

Image credit: The University of Texas at Austin

Discover a hidden gem: stunning bluebonnet displays right on the University of Texas at Austin campus. Explore historic buildings and gardens while enjoying these iconic Texas blooms.

Where: 2515 Speedway, Austin, TX 78712
Operating Hours: Saturday – Sunday CLOSED | Monday – Friday 8:00 am – 5:00 pm

Pease District Park

Pease Park embodies the essence of Austin, with limestone bluffs, shaded trails, and rich history. Discover bluebonnets amidst this 84-acre oasis, restored and maintained by the Conservancy for everyone to enjoy.

Where: 1100 Kingsbury St, Austin, TX 78703
Operating Hours: Daily 6:00 am- 10:00 pm

Barton Creek Greenbelt

Explore the Barton Creek Greenbelt: hiking, swimming, rock climbing, and vibrant bluebonnet displays! Discover multiple entry points along the creek and portions of the Violet Crown Trail within this Austin gem.

Where: 3755 S Capital of Texas Hwy B, Austin, TX 78704
Operating Hours: Daily 5:00 am – 10:00 pm

Texas State Capitol

Explore Texas history and stunning bluebonnet displays at the iconic Texas State Capitol. This granite landmark, a National Historic Landmark, offers tours, exhibits, and a beautiful setting for wildflower viewing.

Where: 1100 Congress Ave., Austin, TX 78701
Operating Hours: Sunday CLOSED | Monday – Thursday 7:00 am – 8:00 pm | Friday – Saturday 9:00 am – 8:00 pm

Laguna Gloria

Experience art and nature in harmony at Laguna Gloria. Explore contemporary sculptures and installations, and enjoy the beauty of bluebonnets in this tranquil oasis, a world away from the city.

Where: 3809 W 35th St, Austin, TX 78703
Operating Hours: Monday – Tuesday CLOSED | Wednesday – Sunday 9:00 am – 3:00 pm

North Austin Bluebonnets

Brushy Creek Lake Park

Brushy Creek Lake Park offers a diverse outdoor experience: a scenic lake, extensive trails, playgrounds, and beautiful bluebonnet fields. Enjoy nature’s beauty and family fun in one location.

Where: 3300 Brushy Creek Rd, Cedar Park, TX 78613
Operating Hours: Daily 5:30 am – 10:00 pm

Bull Creek District Park

Bull Creek District Park offers a blend of adventure and natural beauty. Hike scenic trails, mountain bike, play volleyball, swim in refreshing water holes, and discover vibrant bluebonnet displays in this popular Austin park.

Where: 6701 Lakewood Dr, Austin, TX 78731
Operating Hours: Daily 5:00 am – 10:00 pm

Walnut Creek Metropolitan Park

Walnut Creek Metropolitan Park offers a wealth of outdoor activities: hiking, swimming, biking, sports, and off-leash dog areas. And don’t forget the beautiful bluebonnet displays!

Where: 12138 N Lamar Blvd, Austin, TX 78753
Operating Hours: Daily 5:00 am – 10:00 pm

Balcones District Park

Image credit: Balcones District Park

Balcones District Park offers family fun with a pool, playgrounds, and sports facilities, plus delightful bluebonnet sightings!

Where: 12017 Amherst Dr, Austin, TX 78759
Operating Hours: Daily 5:00 am- 10:00 pm

Great Hills Neighborhood Park

Tucked away in northwest Austin, Great Hills Neighborhood Park offers a beautiful hill country escape. Explore 80+ acres of natural beauty, hiking trails, and delightful bluebonnet displays, along with playgrounds and picnic areas.

Where: 10700 Floral Park Dr, Austin, TX 78759
Operating Hours: Daily 5:00 am – 10:00 pm

Champion Park

Champion Park offers open space, dinosaur bone castings, and gorgeous bluebonnet displays! Enjoy playgrounds, fitness areas, picnic tables, and climbing boulders in a beautiful setting.

Where: 3830 Brushy Creek Rd, Cedar Park, TX 78613
Operating Hours: Saturday – Sunday CLOSED | Monday – Friday 8:00 am – 5:00 pm

Beverly S. Sheffield Northwest District Park

Discover a pleasant park at Beverly S. Sheffield Northwest District Park. Enjoy a pool, basketball court, and picnic areas, along with nice bluebonnet sightings.

Where: 7000 Ardath St, Austin, TX 78757
Operating Hours: Daily 5:00 am- 10:00 pm

Mayfield Park

Mayfield Park: an oasis of historic gardens, peacocks, and bluebonnets. Escape the city and discover towering palms, lush greenery, and vibrant wildflowers, all within a tranquil rock-walled sanctuary.

Where: 3505 W 35th St, Austin, TX 78703
Operating Hours: Daily 5:00 am – 10:00 pm

Bluebonnet Austin – South

Lady Bird Johnson Wildflower Center

For the ultimate bluebonnet experience, head to the Lady Bird Johnson Wildflower Center. Conveniently located near Austin, this center offers labeled displays, abundant photo opportunities, and a comprehensive introduction to Texas wildflowers.

Where: 4801 La Crosse Ave, Austin, TX 78739
Operating Hours: Daily 9:00 am – 4:00 pm

Mary Moore Searight Metropolitan Park

Discover a park with something for everyone at Mary Moore Searight Metropolitan Park. Enjoy trails, sports, fishing, disc golf, and lovely bluebonnet sightings.

Where: 907 W Slaughter Ln, Austin, TX 78748
Operating Hours: Daily 5:00 am – 10:00 pm

St. Edward’s University

Image credit: St. Edward’s University

Explore St. Edward’s University, a campus with inviting walking trails and lovely bluebonnet sightings. Enjoy the natural beauty and tranquil atmosphere.

Where: 3001 S Congress Ave, Austin, TX 78704
Operating Hours: Saturday – Sunday CLOSED | Monday – Friday 8:00 am – 5:00 pm

James A. Garrison District Park

Relax and play at James A. Garrison District Park. Enjoy the pool, playgrounds, and sports facilities, all while spotting beautiful bluebonnets.

Where: 6001 Menchaca Rd, Austin, TX 78745
Operating Hours: Daily 8:00 am- 9:00 pm

McKinney Falls State Park

Experience the beauty of McKinney Falls State Park. Hike trails, swim in creek pools, explore historic sites, and find stunning bluebonnet fields, all within Austin’s city limits.

Where: 5808 McKinney Falls Pkwy, Austin, TX 78744
Operating Hours: Daily 8:00 am – 10:00 pm

Zilker Botanical Garden

Interconnected themed gardens, including the Japanese Garden and Prehistoric Garden, are linked by accessible paths at Zilker Botanical Garden. Don’t miss the stunning bluebonnet displays in spring.

Where: 2220 Barton Springs Rd, Austin, TX 78746
Operating Hours: Daily 9:00 am – 5:00 pm

East Austin Bluebonnets

Mueller Lake Park

Image credit: Mueller Austin

With ample parkland, all residents in the Mueller neighborhood live within 600 feet of green space. Open to the public, this park hosts community events and is a prime spot for Austin’s bluebonnet season.

Where: 4550 Mueller Blvd, Austin, TX 78723
Operating Hours: Daily 5:00 am – 10:00 pm

Roy G. Guerrero Colarado River Metro Park

Enjoy strolls along well-maintained trails, relax in picturesque picnic areas, and take advantage of the park’s convenient river access. Notably, the park is also renowned for its beautiful displays of bluebonnets during their blooming season.

Where: 400 Grove Blvd, Austin, TX 78741
Operating Hours: Daily 5:00 am – 10:00 pm

Rosewood Neighborhood Park

Rosewood Neighborhood Park offers a variety of amenities, including a swimming pool, basketball court, and picnic areas. During bluebonnet season, visitors can also enjoy scattered displays of the iconic Texas wildflowers.

Where: 2300 Rosewood Ave, Austin, TX 78702
Operating Hours: Daily 7:00 am – 9:00 pm

Boggy Creek Greenbelt

Explore the Boggy Creek Greenbelt, a haven for outdoor enthusiasts. Enjoy hiking along its trails, discover the tranquil beauty of the creek, and admire the springtime bloom of bluebonnets.

Where: 1114 Nile St, Austin, TX 78702
Operating Hours: Daily 5:00 am – 10:00 pm

Bluebonnets in West Austin

West Basin Wilderness Preserve

A partnership between Travis County and St. Edward’s University safeguards 227 acres of stunning Hill Country terrain at Wild Basin Wilderness Preserve, a key component of the Balcones Canyonlands Preserve. Explore 2.5 miles of trails, engage with the Wild Basin Creative Research Center, and experience the seasonal spectacle of blooming bluebonnets!

Where: 805 N Capital of Texas Hwy, Austin, TX 78746
Operating Hours: Monday – Friday 7:00 am – 5:30 pm | Saturday – Sunday 7:30 am – 5:30 pm

Commons Ford Ranch Metropolitan Park

The park’s hiking trails wind through three distinct areas—prairie, canyon, and chaparral—providing varied scenery. In springtime, the park comes alive with a colorful array of wildflowers, most notably the iconic Texas bluebonnets.

Where: 614 N Commons Ford Rd, Austin, TX 78733
Operating Hours: Daily 5:00 am – 10:00 pm

Emma Long Metropolitan Park

Emma Long Metropolitan Park provides open spaces, campsites, boat ramps, reservable picnic areas, and a beach entry swimming area. Bluebonnets also grow within the park during their blooming season.

Where: 1600 City Park Rd, Austin, TX 78730
Operating Hours: Daily 7:00 am – 10:00 pm

Looking for more? See the upcoming Weekend Events in Austin.

Lacey is a freelancer and Austin local who’s always on the hunt for new restaurants to try, fun activities to do, and local events to attend. She loves sharing her discoveries with others through her writing and hopes her work encourages both visitors and locals to be active in the community. When she’s not writing, you can find her exploring one of the city’s many hiking trails with her Blue Heeler, Oreo, getting lost in a good book, or dancing the night away to some house or techno beats at one of her favorite rave spots.