Tesla's stock closes at an all-time high, but its competitor, Slate, is making waves with 150,000 reservations for its affordable electric truck. CEO Chris Barman confirms the truck's popularity, despite the waning interest in EVs post-government tax credit. Slate's mid-$20,000 price point remains firm, and the company plans to start test drives next year. This surge in interest comes as traditional automakers reduce EV production, creating an opportunity for Tesla and Slate to capture market share. Meanwhile, Meta is bringing Instagram Reels to your TV, challenging Netflix's dominance. The app will debut on Amazon Fire TV, allowing users to enjoy short-form, user-generated content on larger screens. As social video gains traction, Meta aims to secure a larger share of the big-screen attention. In other news, Tesla's CEO, Elon Musk, has received a controversial pay package worth $1 trillion, with the board's assurance that his political involvement will wind down. However, critics argue that the board failed to implement necessary safeguards. Additionally, Tesla's Robotaxis are being tested without safety monitors, raising concerns about their reliability. Data suggests Tesla Robotaxis crash more frequently than human drivers, and experts question the company's safety claims. Despite these challenges, Tesla continues to push for the removal of safety monitors from its Austin fleet.
