Tesla

Tesla's massive price cuts are shaking up the auto industry and impacting decisions for current owners and prospective buyers. "These price cuts, as well as inventory on the ground, will win Tesla market share and help consumers overlook the brand's aging lineup," said Jessica Caldwell, Edmunds' executive director of insights. The Tesla website shows the Model Y with the largest drop in sticker price, from $65,990 to $52,990, a 20% decrease. The lowest-priced Model 3 dropped to $43,990 from $46,990, a 6.4% drop For people currently in, or considering entering, the Tesla market -- price cuts of 20% or more don't come around often, so acting now is in your best interest before any corrections in the opposite direction. For current Tesla owners, the best course of action is to keep the keys and wait for the market to shift. Eventually the value of your Tesla will normalize the longer it's in your possession. More LiveNOW from FOX streaming video

Elon Musk won’t be buying Twitter after all, apparently. The Tesla and SpaceX CEO is calling off the $44-billion deal, accusing the company of "false and misleading representations." The move was not a surprise to many based on Musk’s comments about the number of fake accounts on the social media platform. His team in recent weeks had tussled with Twitter over "spam bots" and threatened to walk away from the deal if the company couldn’t show that less than 5% of its daily active users are automated spam accounts.

Elon Musk said in a tweet on May 13, 2022, that his plan to buy Twitter was put on temporary hold. Here's what we know about the status of the $44 billion deal.