Tesla - Page 3

Tesla shares jumped almost 12 percent in pre-market trading on Wednesday after CEO Elon Musk announced that the company aims to start production of affordable electric vehicle models by early 2025, or possibly even late this year. The bounce comes despite dismal earnings, including net income that dropped 55 percent in the first quarter.

In a desperate attempt to stimulate sales and prop up a stock price dropping like a rock, Elon Musk’s Tesla has reduced the prices of three of its five models in the United States.

Elon Musk’s Tesla has issued a recall for all 3,878 Cybertrucks shipped to date because of a defect that can cause the accelerator pedal to get stuck, increasing the risk of crashes.

Tesla is set to ask its shareholders to once again vote on approving the controversial 2018 pay package for CEO Elon Musk, which was recently thrown out by a Delaware judge.

Elon Musk’s ambitious plans to launch a Tesla robotaxi service have hit a roadblock in California, as the state’s key regulatory agencies reveal that the company has yet to submit the necessary permit applications.

Elon Musk’s Tesla sales outlook has taken a turn for the worse, with two prominent analysts now predicting a decline in EV deliveries for 2024.

Argentine President Javier Milei arrived in Miami, Florida, on Wednesday for a visit that will see him receive an award from a prominent Jewish organization and meet privately with Tesla CEO Elon Musk in Austin, Texas, on Friday.

Tesla owners reportedly waited hours to charge their vehicles after Monday’s total solar eclipse. The long lines at charging stations are like salt in the wound of EV owners who are forced to wait as their cars charge enough to reach home — a major concern when major traffic days can cause long delays.

Elon Musk’s long-awaited Tesla Cybertrucks have been met with a wave of complaints from frustrated owners, who report numerous malfunctions and quality issues just months after the vehicle’s launch. One owner reported a complete failure after driving the EV for just one mile.

Tesla has reportedly settled a lawsuit filed by the family of an Apple engineer who died in a 2018 crash involving the company’s controversial Autopilot technology, according to court filings on Monday.

Tesla CEO Elon Musk has once again stirred up excitement and skepticism with his latest announcement of an upcoming Tesla Robotaxi unveiling on August 8, 2024, despite a history of unfulfilled promises surrounding the currently non-existent “robotaxi” service.

China, the world’s largest electric vehicle (EV) market, is expected to see a slower growth rate in electric cars sales this year, spelling trouble for major players like Tesla and local competitor BYD. More than half of Tesla’s sales come from the communist country, adding more problems to the company which is the worst performing stock in the S&P 500 this year.

Elon Musk’s Tesla reported an 8.5 percent year-over-year decline in deliveries for the first quarter of 2024, marking the company’s first such drop since the pandemic-affected second quarter of 2020.

In a major shift from its long-standing aversion to advertising, Elon Musk’s Tesla has recently begun investing in paid media campaigns across various platforms, showing the company’s desperation to revitalize sales and convince Americans that EVs are the future of transportation.

Tesla’s lackluster sales performance in the first quarter of 2024 has caught many analysts off guard, signaling deeper issues for both Elon Musk’s electric vehicle manufacturer and the entire EV market.

Elon Musk’s Tesla has found tremendous success in China, but the symbiotic relationship between the billionaire entrepreneur and Beijing is drawing scrutiny from U.S. policymakers as the billionaire supports the communist country in international issues.

Tesla shares experienced a significant decline on Friday as the electric vehicle giant grapples with various challenges, particularly in its crucial Chinese market.

Elon Musk’s Tesla, once the undisputed leader in the electric vehicle market, is now grappling with a series of challenges that threaten to undermine its dominance.

Elon Musk’s Tesla has suffered another safety setback after a tenacious lithium-ion fire battery suddenly hit a Tesla EV driving on an Ohio highway which led to a three-hour closure of the northbound lanes of Route 255 in Bethalto, Illinois on Sunday. Thankfully, the driver and their passengers safely escaped the burning vehicle before it was too late.

The chief executive officer of rental car company Hertz Global Holdings Inc. is resigning after a bet on electric vehicles crumbled.

Elon Musk’s Tesla, once hailed as the vanguard of the electric vehicle revolution, is facing mounting doubts about its ability to sustain growth and maintain its dominance in the increasingly competitive EV market. With its shares down 32 percent since January, the electric vehicle giant is the worst performing stock in the S&P 500 so far this year.

A left-wing extremist group claimed responsibility for sabotaging a Tesla factory outside of Berlin, forcing a shut down of production.

In a surprising move, OpenAI — the AI company behind ChatGPT — has published a trove of emails from Elon Musk’s early days with the organization, escalating the legal battle between the two parties.

Electric vehicles including EVs produced by Elon Musk’s Tesla release more toxic emissions into the atmosphere and are worse for the environment than gas-powered vehicles, a resurfaced study from 2022 revealed.

Drivers who are “scared of change” are guilty of avoiding electric vehicles (EVs) and need to change their ways, the boss of loss-making European car company Polestar warned.

A California judge has ruled that nearly 6,000 Black workers can proceed with a class-action lawsuit alleging racism and discrimination at Tesla’s Fremont factory.

After a decade of secret development, Apple has scrapped its plans to build an EV to compete with Tesla. The tech giant had announced plans to release its debut EV in 2028 just last month.

Elon Musk’s underground transit system in Las Vegas is falling far short of his lofty promises, plagued by construction delays and concerning safety violations. Workers have reported unsafe conditions including tunnels filled with two feet of toxic chemical wastewater.

Jeff Bezos, Nvidia, and other major technology players have reportedly invested $675 million into Figure AI, a startup building human-like robots.

Electric vehicle makers Rivian and Lucid both suffered plummeting share prices after disappointing fourth-quarter earnings reports revealed stagnant production numbers. 

Car leasing companies are feeling the pinch as electric vehicle resale values tumble, prompting demands for compensation from automakers trying to meet strict emissions targets.

Some early Tesla Cybertruck owners are finding rust spots developing on the body of their new electric pickup trucks after getting caught in the rain.

Evidence suggests that Tesla’s advanced driver-assistance system, Full Self-Driving (FSD), was engaged during a fatal crash that killed Tesla employee Hans von Ohain in Colorado in 2022. If this proves accurate, a Tesla employee could prove to be the very first fatality caused by Elon Musk’s “self-driving” software.

Multiple viral videos of Tesla drivers wearing an Apple Vision Pro headset while letting the car drive itself has people sounding the alarm about Elon Musk’s notoriously dangerous assisted driving technology.

Elon Musk’s alleged drug use and close relationships with multiple Tesla board members, who are supposed to provide independent oversight on issues like Musk’s compensation package, have raised concerns about conflicts of interest, according to a recent Wall Street Journal report.

Tesla has agreed to pay $1.5 million to settle a lawsuit filed by California counties over hazardous waste violations at its factories in the state. The violations stemmed from allegedly careless treatment of hazardous chemicals like paint and used batteries, but CEO Elon Musk claims what America really needs to take care of the environment is a carbon tax.