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On Tuesday, weekly car insurance data for China was released, indicating that Tesla sold 11,000 vehicles in the country from April 29 to May 5. This includes 600 units of the revamped Model 3, with the remaining 10,400 units being Model Y. …
Tesla, Citigroup, and Dell have collectively cut 50,000 jobs, while trucking giant Yellow, with 12,000 trucks, has collapsed. This trend suggests a significant deterioration in employment, as historically, whenever unemployment rates exceed the 2-year moving average, a rapid increase in …
Tesla’s abrupt decision to lay off its electric-vehicle charging team and reduce its investments in public charging is a blow to the U.S. network, which has long relied on Elon Musk to build the bulk of the country’s fast chargers. …
BREAKING: Tesla stock, $TSLA, surges 11% as China removes restrictions on its vehicles after passing data security requirements. The move has made it far more likely that Tesla’s Full Self Driving (FSD) will soon be available in China.$TSLA is now …
Federal authorities say a “critical safety gap” in Tesla ’s Autopilot system contributed to at least 467 collisions, 13 resulting in fatalities and “many others” resulting in serious injuries. The findings come from a National Highway Traffic Safety Administration analysis …
Tesla’s recent earnings stumble, coupled with its first year-over-year sales drop, casts a shadow over the electric vehicle giant. Despite bold initiatives like the Cybertruck launch and pricing adjustments, revenue plummeted by 9% in Q1, prompting investor alarm. Despite Tesla's …
Tesla reports biggest revenue slide since 2012 https://t.co/fhOKgR5VEW — The Coastal Journal (@1CoastalJournal) April 23, 2024 Tesla, once hailed as a pioneer in the electric vehicle market, finds itself navigating turbulent waters with a 9% revenue decline in the first …
In the rapidly evolving landscape of electric vehicles, Tesla’s recent stock crash and potential pivot towards self-driving technology have sent shockwaves through the market. With layoffs and restructuring underway, the company faces a pivotal moment that could redefine its trajectory …
A viral video of a Tesla Cybertruck owner explaining a problem with his accelerator pedal has piqued the interest of a federal vehicle safety agency. The incident comes as Tesla has paused deliveries of its Cybertruck without offering much of …
DETROIT (AP) — Tesla is asking shareholders to restore a $56 billion pay package for CEO Elon Musk that was rejected by a Delaware judge this year, and to shift the company’s corporate home to Texas. The changes, to be …
For Tesla, the layoffs come following a disappointing Q1 delivery report that showed the company missed widely on consensus estimates and built up supply in excess of 46,000 vehicles. This implies that Tesla is feeling the impact of slowing EV …
Tesla shares dropped this morning after the firm announced plans to lay off ‘more than 10 per cent’ of its global workforce as demands for its electric vehicles start to falter in a highly competitive market. CEO Elon Musk sent …
Tesla could “go bust” while its stock could fall to $14, Per Lekander, a hedge fund manager who has been shorting Elon Musk’s electric car maker since 2020, told CNBC on Wednesday. His comments come after Tesla reported 386,810 vehicle …
Tesla published its first-quarter vehicle production and deliveries report on Tuesday showing deliveries of 386,810, a steep drop from the same quarter last year. According to a mean of 11 estimates compiled by FactSet, analysts were expecting deliveries of around 457,000 for …
SAN FRANCISCO/LONDON (Reuters) – The ranks of would-be Tesla buyers in the United States are shrinking, according to a survey by market intelligence firm Caliber, which attributed the drop in part to CEO Elon Musk’s polarizing persona. While Tesla continued …
EV maker slashes prices as it tries to avoid bankruptcy. California-based electric vehicle startup Fisker slashed the prices of some of its vehicles as it fights to avoid bankruptcy after a potential deal with another automaker fell through. The manufacturer’s …
It‘s official now, Magnificent 7 is history, $TSLA didn’t make it. Who is next to drop out and Mag 6 becomes Mag 5? pic.twitter.com/1SZUDfXqRb — Michael A. Arouet (@MichaelAArouet) March 15, 2024 The once-revered Magnificent 7 is unraveling, with Tesla …
After years of ascending growth, some of the most powerful US tech corporations have started to slide hard and fast in the world’s second-largest economy amid the new reality of doing business there. Beijing has endorsed uber-nationalism. In turn, sentiment …
Angela Chao, the billionaire sister-in-law of Sen. Mitch McConnell, tragically drowned in a pond at her Texas ranch. It is speculated that she may have accidentally put her Tesla in reverse while attempting a three-point turn. Since then, disturbing details …
The Chinese EV industry may have little choice but to square off in a potential fight to the death, according to the billionaire co-founder of Xpeng. No matter who wins, though, their Western peers stand to lose. As China’s carmakers …
by confoundedinterest17 Burn on, Bidenomics! The Biden administration is reportedly considering easing tailpipe emissions regulations, a move that was designed to force Americans from gas and diesel-powered vehicles to electric vehicles, according to The New York Times, citing three people familiar …
Car prices are dropping like a rock in the used vehicle market, with prices down by -23% over the last 18 months, the biggest drop on record according to Cox Automotive. These price declines on cars are especially severe for …
That’s stealing and trespassing. Hope he called the cops. Because nothing says ‘entitled’ quite like using someone else’s driveway as a personal Tesla charging station. Bravo, Karen!
Tesla is recalling almost 2.2 million vehicles — nearly all of the cars that it has sold in the U.S. — because the font size is too small on its instrument panel for its brake, park and antilock brake system …
Tesla Inc will move immediately to hold a shareholder vote to transfer the electric vehicle maker’s state of incorporation to Texas from Delaware, CEO Elon Musk said in a post on X on Thursday. Musk says Tesla shareholders to vote …
In a seemingly orchestrated legal drama, a New York jury orders former President Donald Trump to pay $83.3 million to E. Jean Carroll for alleged defamation. The verdict, including $65 million in punitive damages, $11 million for reputational harm, and …
Officials say a low-voltage, lithium-ion battery from a Tesla exploded, sending heavy smoke through a North Carolina home. Firefighters say the car’s owners were having trouble with the battery and couldn’t get a replacement, so they removed it and brought …
