Tech News
Tesla may have no new car coming after all as report reveals plan to launch a stripped down Model Y

- The much touted $25,000 entry level Tesla, known colloquially as the Model 2, may not be built, dashing investor hopes. Instead, future sales growth may have to come from a car without steering wheel or pedals—the CyberCab.
The biggest mystery surrounding Tesla’s product roadmap may have been lifted on Thursday, with news trickling out of China that suggests there may be no Model 2 after all.
First reported by local tech website 36kr and later confirmed by Reuters, Tesla is developing a low-priced version of the Model Y, its best seller with roughly 1.1 million units sold. This suggests that hopes of a coming entry level compact car, possibly a hatchback rather than a sedan, will not come to fruition.
The car codenamed “E41” will start production next year in Shanghai and will be at least 20% cheaper to produce than the current refreshed Model Y known as “Juniper”, according to Reuters. It could come even earlier if Juniper disappoints, sources told 36kr.
Tesla did not respond to a request by Fortune for comment.
Since many institutional investors put a premium on tangible sales of EVs over hazier dreams of building humanoid robots, a key growth assumption for many was Tesla entering a new segment, like the compact car, where it could expand its total addressable market.
These hopes persisted largely because Tesla has been coy about its actual product roadmap ever since last April. “Plans for new vehicles, including more affordable models, remain on track for start of production in the first half of 2025” is the most explicit it has gone in its comments.
Chief executive Elon Musk kept these embers of hope burning late last year when he promised in October that Tesla EV sales would surge this year.
“With our lower-cost vehicles, with the advent of autonomy, something like a 20 to 30 percent growth next year is my best guess,” he said.
This was not repeated in January’s fourth quarter investor call, however. Officially Tesla is only aiming to increase sales. Analysts are now slashing their forecasts to reflect ongoing boycotts and a lack of compelling new product.
Growth story in doubt
First teased as costing $25,000 back in September 2020, the low-cost car has long been for many investors a bigger strategic priority than the Cybertruck, with estimated annual sales in the millions.
No carmaker had ever achieved such a feat. If Tesla managed to turn an expensive mid-size electric vehicle into the world’s most popular car, then it was trusted to build a smaller, low-cost model that could breach the 2 million unit ceiling in a single year.
But the last supposed spy photographs of what some believed to be a Model 2 came in early 2023, prior to a Reuters report last April that revealed plans for a low-cost car built on the next-gen platform it would share with the CyberCab had been scrapped.
The stock tanked on that news, but Musk was able to restore faith that Tesla’s growth story was intact by saying he had accelerated plans for a new more affordable model by six months to the first half of this year.
‘Having a regular 25k model is pointless’
Yet he never got more specific. During the same October call when Musk predicted growth of up to 30% in 2025, he then made a comment whose significance may have been underappreciated at the time.
“Having a regular 25k model is pointless, it would be silly, like it would be completely at odds with what we believe,” he said.
At the time that was interpreted to mean Musk simply would not launch a new product that was so cheap as to not come equipped with its Full Self Driving hardware, an AI inference computer known as AI4 (previously HW4).
Now it seems increasingly clear the explosive growth Tesla forecasts will come from only one model: the CyberCab. The silver lining is Musk estimates its sales could amount to 2 million a year, or even 4 million.
But that is little consolation for investors because of one key concern: the CyberCab has no steering wheel or pedals. It requires a full legal and regulatory framework in place in order to be sold and operated on public roads.
Nor can Tesla simply convert the CyberCab into a car for sale by adding human controls, because the market for two-door cars seating a maximum of three people is minuscule. The vehicle as it is conceived and designed is likley only financially viable as a vehicle for robotaxi fleets.
This story was originally featured on Fortune.com
Tech News
Intel’s new CEO gets pay package valued at about $69 million

Incoming Intel Corp. Chief Executive Officer Lip-Bu Tan, who was named to the position this week, will receive compensation valued at about $69 million if he reaches targets over the coming years.
The package includes a salary of $1 million, plus a 200% performance-based bonus, the chipmaker said in a filing Friday. It also includes $66 million in long-term equity awards and stock options and new-hire incentives.
Separately, Tan agreed to buy $25 million in Intel shares in the first 30 days of taking the job. “Lip-Bu’s purchase reflects his belief in Intel and commitment to creating shareholder value,” the company said in a statement.
Earlier this week, Intel announced Tan was filling the role left vacant when the board ousted his predecessor, Pat Gelsinger. The semiconductor industry veteran, who previously served as an Intel board member, is tasked with trying to return the company to the forefront of an industry that it dominated for decades.
Tan, 65, will assume the role on March 18, the company said Wednesday. He will rejoin the board as well after stepping down in August 2024.
Intel’s stock has rallied this year, gaining 20%, including a surge of 15% on Thursday following the announcement of Tan’s appointment.
This story was originally featured on Fortune.com
Tech News
Trump’s staff cuts at federal agencies overseeing US dams could put public safety at risk, critics warn

Trump administration workforce cuts at federal agencies overseeing U.S. dams are threatening their ability to provide reliable electricity, supply farmers with water and protect communities from floods, employees and industry experts warn.
The Bureau of Reclamation provides water and hydropower to the public in 17 western states. Nearly 400 agency workers have been cut through the Trump reduction plan, an administration official said.
“Reductions-in-force” memos have also been sent to current workers, and more layoffs are expected. The cuts included workers at the Grand Coulee Dam, the largest hydropower generator in North America, according to two fired staffers interviewed by The Associated Press.
“Without these dam operators, engineers, hydrologists, geologists, researchers, emergency managers and other experts, there is a serious potential for heightened risk to public safety and economic or environmental damage,” Lori Spragens, executive director of the Kentucky-based Association of Dam Safety Officials, told the AP.
White House spokesperson Anna Kelly said federal workforce reductions will ensure disaster responses are not bogged down by bureaucracy and bloat.
”A more efficient workforce means more timely access to resources for all Americans,” she said by email.
But a bureau hydrologist said they need people on the job to ensure the dams are working properly.
“These are complex systems,” said the worker in the Midwest, who is still employed but spoke on condition of anonymity for fear of possible retaliation.
Workers keep dams safe by monitoring data, identifying weaknesses and doing site exams to check for cracks and seepage.
“As we scramble to get these screenings, as we lose institutional knowledge from people leaving or early retirement, we limit our ability to ensure public safety,” the worker added. “Having people available to respond to operational emergencies is critical. Cuts in staff threaten our ability to do this effectively.”
A federal judge on Thursday ordered the administration to rehire fired probationary workers, but a Trump spokesperson said they would fight back, leaving unclear whether any would return.
The heads of 14 California water and power agencies sent a letter to the Bureau of Reclamation and the Department of Interior last month warning that eliminating workers with “specialized knowledge” in operating and maintaining aging infrastructure “could negatively impact our water delivery system and threaten public health and safety.”
The U.S. Army Corps of Engineers also operates dams nationwide. Matt Rabe, a spokesman, declined to say how many workers left through early buyouts, but said the agency hasn’t been told to reduce its workforce.
But Neil Maunu, executive director of the Pacific Northwest Waterways Association, said it learned more than 150 Army Corps workers in Portland, Oregon, were told they would be terminated and they expect to lose about 600 more in the Pacific Northwest.
The firings include “district chiefs down to operators on vessels” and people critical to safe river navigation, he said.
Their last day is not known. The Corps was told to provide a plan to the U.S. Office of Personnel Management by March 14, Maunu said.
Several other federal agencies that help ensure dams run safely also have faced layoffs and closures. The National Oceanic and Atmospheric Administration is laying off 10% of its workforce and the Federal Emergency Management Agency’s National Dam Safety Review Board was disbanded in January.
The cuts come at a time when the nation’s dams need expert attention.
An AP review of Army Corps data last year showed at least 4,000 dams are in poor or unsatisfactory condition and could kill people or harm the environment if they failed. They require inspections, maintenance and emergency repairs to avoid catastrophes, the AP found.
Heavy rain damaged the spillway at California’s Oroville Dam in 2017, forcing nearly 190,000 residents to evacuate, and Michigan’s Edenville Dam breached in storms in 2020, the AP found.
Stephanie Duclos, a Bureau of Reclamation probationary worker fired at the Grand Coulee Dam, said she was among a dozen workers initially terminated. The dam across the Columbia River in central Washington state generates electricity for millions of homes and supplies water to a 27-mile-long (43-kilometer) reservoir that irrigates the Columbia Basin Project.
“This is a big infrastructure,” she said. “It’s going to take a lot of people to run it.”
Some fired employees had worked there for decades but were in a probation status due to a position switch. Duclos was an assistant for program managers who organized training and was a liaison with human resources. The only person doing that job, she fears how others will cover the work.
“You’re going to get employee burnout” in the workers left behind, she said.
Sen. Alex Padilla, a California Democrat who pushed a bipartisan effort to ensure the National Dam Safety Program was authorized through 2028, said, “the safety and efficacy of our dams is a national security priority.
“Americans deserve better, and I will work to make sure this administration is held accountable for their reckless actions,” Padilla said.
This story was originally featured on Fortune.com
Tech News
4 foods a top nutrition expert avoids at all costs, and one sweet treat he eats regularly

Tim Spector admits he used to have a Pringles problem. The salty, melt-in-your-mouth snack was a weak spot for the professor of genetic epidemiology at King’s College London and gut health expert.
“I could taste the chemicals on them,” he tells Fortune, “but at the same time there was something that made me addicted to eating them.”
Now, Spector is well-versed in the world of ultra-processed foods as the co-founder of ZOE, a UK-based nutrition company known for its gut health testing, and the author of multiple books including The Diet Myth and Food for Life: The New Science of Eating Well.
Spector optimizes his diet with nutrition, longevity, and gut health in mind.
4 foods he never eats
1. Ultra-processed salty snacks
While Spector used to love indulging in Pringles and Cheetos, those crunchy, salty snacks are no longer a part of his diet, and top the list of foods he avoids.
“It’s the food industry that’s pushed us into this snack culture,” Spector says. Many ultra-processed snack foods are “hyper-palatable,” he adds, which make them easy to overeat.
The mixture of fat, sugars, and salt combined with a texture that almost dissolves in your mouth can make it hard to stop eating, not to mention their overly processed nature that can potentially threaten your health. That rapidly dissolving texture also disperses something like a Pringle or a Cheeto into the bloodstream much quicker, avoiding the body’s mechanisms that make you feel full, Spector says.
2. Sugary breakfast cereals
Spector steers clear of sugar-packed cereals that are “totally artificially created…that have 20 to 30 ingredients,” and look nothing like the foods they’re made from.
“You sort of feel this chemical rush as you’re eating them,” he says.
Spector recalls being a kid and loving the sugar rush of a chocolatey cereal so much, that he’d eat it to the point of nausea.
“It’s not ever something you’d find in nature,” he says. While a nice, sweet banana might be tasty, he says, that doesn’t mean you’d want to eat five in a row.
“I now know what the food companies are trying to do,” Spector says. “They’ve got the right mix of the salt, the sugar, and the fat. They know how to light up that bit of my brain.”
One study found that foods high in fat and sugar—like many ultra-processed foods—can trigger a sense of reward and a dopamine response in the brain, making them harder to put down.
3. Low-fat yogurt
While the U.S. Dietary Guidelines recommend that Americans include low-fat dairy in their diets, Spector avoids low- or non-fat yogurt—and reaches for full-fat yogurt instead. Part of it is personal preference—he says he enjoys full-fat yogurt more—but it is also for health reasons.
“They’ve just substituted fat with cheaper starch from corn and added all sorts of flavorings and glues to make it feel like it’s still got that milk fat in it,” Spector says.
Additives aside, the processing of low-fat yogurt can also sometimes degrade the quality of the yogurt, he says, removing beneficial fat-soluble vitamins from the yogurt.
One study stated that fat-soluble vitamins like A and D are removed along with the fat during processing, but they are often added back in to restore the nutritional value—however, since those vitamins are fat-soluble, the body may have more difficulty absorbing them in the absence of fat.
4. Foods labeled ‘low-calorie, high-protein’
Whenever Spector sees a food that is advertised as “low-calorie, high-protein,” it immediately raises red flags. That includes foods like protein bars, powders, and other products infused with protein—which nowadays can include everything from cereals to ice cream.
“That just sends me a red alert that this product has been highly tampered with,” Spector says.
He explains that it’s cheap for companies to add protein to their products—even as they mark up the prices—as they play into the trend of people looking to eat high-protein, low-calorie diets.
Spector’s favorite sweet treat
Despite Spector’s frustration with the pervasiveness of ultra-processed foods in the American diet, he admits that there are some he’s happy to eat. His favorite is Lindt dark chocolate, which Spector considers ultra-processed because of the additive soy lecithin.
Many chocolate brands add the emulsifier soy lecithin, which gives it that velvety texture while binding the chocolate together. Soy lecithin is generally considered a safe additive. One study indicates it could have health benefits like lowering bad cholesterol, but there are concerns about the safety of genetically modified food and the process by which soy lecithin is extracted uses chemical solvents like hexane.
It’s hard to find a chocolate without soy lecithin, he says, “but overall that is a healthy product.”
Dark chocolate does have numerous benefits, as it is rich in flavonols, and important minerals, including iron, magnesium, zinc, copper and phosphorus which support immunity, bone health, and sleep quality.
And in a 2022 study, dark chocolate was found to boost mood due to the polyphenolic compounds in dark chocolate.
For more on nutrition:
- Top nutrition expert shares the No. 1 mistake he sees in American diets
- Just one simple dietary change could help you fight back against cancer and heart disease
- People are adding salt to their water in hopes of helping their hydration and digestion. Are the health benefits real?
- 4 best supplements for an energy boost, according to experts
This story was originally featured on Fortune.com
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