Tesla
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Tesla Faces DOJ Probe Over Potential Securities and Wire Fraud in Self-Driving Claims
The U.S. Department of Justice is investigating Tesla Inc. for potential securities and wire fraud in connection with the company's claims about its self-driving vehicle capabilities, according to three people familiar with the matter. 
The U.S. Department of Justice is investigating Tesla Inc. for potential securities and wire fraud in connection with the company's claims about its self-driving vehicle capabilities, according to three people familiar with the matter. -
Tesla Disbands Supercharger Team Amid Cost-Cutting Measures, Leaving Automakers and Customers Uncertain
In a surprising move that has left automakers and customers uncertain about the future of Tesla's electric vehicle (EV) charging network, CEO Elon Musk abruptly decided to lay off the employees who ran the company's Supercharger business. 
In a surprising move that has left automakers and customers uncertain about the future of Tesla's electric vehicle (EV) charging network, CEO Elon Musk abruptly decided to lay off the employees who ran the company's Supercharger business. -
Tesla's Stock Surges as China Approves Full Self-Driving Deployment Under Certain Conditions
Tesla's stock (TSLA) experienced a significant surge in pre-market trading on Wall Street, gaining more than 6% following reports that China is set to approve the automaker's deployment of its Full Self-Driving (FSD) package in the country. The approval comes with certain conditions, according to a person with knowledge of the matter who asked to remain anonymous due to the ambiguity surrounding all the criteria. 
Tesla's stock (TSLA) experienced a significant surge in pre-market trading on Wall Street, gaining more than 6% following reports that China is set to approve the automaker's deployment of its Full Self-Driving (FSD) package in the country. The approval comes with certain conditions, according to a person with knowledge of the matter who asked to remain anonymous due to the ambiguity surrounding all the criteria. -
NHTSA Probes Adequacy of Tesla's Massive Autopilot Recall Amid Ongoing Crashes
The U.S. National Highway Traffic Safety Administration (NHTSA) has initiated a new investigation into Tesla Inc.'s recent Autopilot recall to determine if measures taken last December adequately address the system's safety concerns. The U.S. National Highway Traffic Safety Administration (NHTSA) has initiated a new investigation into Tesla Inc.'s recent Autopilot recall to determine if measures taken last December adequately address the system's safety concerns. -
Tesla Shares Surge as Elon Musk Announces Plans for New Affordable EV Models by 2025
Tesla shares experienced a significant 15% surge on Wednesday morning following CEO Elon Musk's announcement that the electric-vehicle company plans to begin production of new affordable EV models by early 2025. The news came during Tesla's earnings call on Tuesday, where the company reported disappointing first-quarter numbers, with revenue falling 9% year over year - its steepest annual decline since 2012. 
Tesla shares experienced a significant 15% surge on Wednesday morning following CEO Elon Musk's announcement that the electric-vehicle company plans to begin production of new affordable EV models by early 2025. The news came during Tesla's earnings call on Tuesday, where the company reported disappointing first-quarter numbers, with revenue falling 9% year over year - its steepest annual decline since 2012. -
Tesla Posts 55% Drop in Q1 Profits Amid EV Price Cuts and 'Numerous Challenges'
Tesla reported a 55% decline in profits for the first quarter of 2024, with earnings falling to $1.13 billion from the same year-ago period. The electric vehicle manufacturer attributed the drop to its protracted EV price-cutting strategy and "numerous challenges," including the Red Sea conflict, an arson attack at its Gigafactory Berlin, and the gradual ramp of the updated Model 3 at its Fremont factory. Tesla reported a 55% decline in profits for the first quarter of 2024, with earnings falling to $1.13 billion from the same year-ago period. The electric vehicle manufacturer attributed the drop to its protracted EV price-cutting strategy and "numerous challenges," including the Red Sea conflict, an arson attack at its Gigafactory Berlin, and the gradual ramp of the updated Model 3 at its Fremont factory. -
Tesla and Li Auto Slash EV Prices Amid Intensifying Competition in China and Global Markets
Tesla shares sank in premarket trading on Monday, while China's Li Auto plummeted to an 11-month low, after both companies slashed prices of their electric vehicles (EVs) in various markets amid intense competition. The price cuts come as EV makers face declining sales and growing competition, particularly in China, the world's largest EV market. 
Tesla shares sank in premarket trading on Monday, while China's Li Auto plummeted to an 11-month low, after both companies slashed prices of their electric vehicles (EVs) in various markets amid intense competition. The price cuts come as EV makers face declining sales and growing competition, particularly in China, the world's largest EV market. -
Tesla Initiates Recall of Nearly 4,000 Cybertrucks Over Faulty Accelerator Issue
Tesla has issued a recall for 3,878 of its Cybertrucks due to a fault in the accelerator pedal that could potentially cause the vehicle to accelerate unintentionally. The recall, announced by the U.S. National Highway Traffic Safety Administration (NHTSA), highlights a defect where the accelerator pedal pad could come loose and become lodged in the vehicle's interior trim, posing a significant risk of crashes. 
Tesla has issued a recall for 3,878 of its Cybertrucks due to a fault in the accelerator pedal that could potentially cause the vehicle to accelerate unintentionally. The recall, announced by the U.S. National Highway Traffic Safety Administration (NHTSA), highlights a defect where the accelerator pedal pad could come loose and become lodged in the vehicle's interior trim, posing a significant risk of crashes. -
Tesla to Revisit Musk’s $56 Billion Compensation and Proposes Moving Incorporation to Texas
Tesla Inc. is once again making headlines with two controversial proposals slated for shareholder voting: reinstating CEO Elon Musk's $56 billion compensation package, which was previously nullified by a Delaware judge, and relocating the company's incorporation from Delaware to Texas. This move reflects Tesla's aggressive strategy to address legal setbacks and reshape its corporate governance landscape. Tesla Inc. is once again making headlines with two controversial proposals slated for shareholder voting: reinstating CEO Elon Musk's $56 billion compensation package, which was previously nullified by a Delaware judge, and relocating the company's incorporation from Delaware to Texas. This move reflects Tesla's aggressive strategy to address legal setbacks and reshape its corporate governance landscape. -
Tesla's Workforce Reduction Hits Major Markets in U.S. and China
Tesla, the pioneering electric vehicle manufacturer, is facing a pivotal moment as it implements sweeping global job cuts affecting its largest markets, the United States and China. Amid declining sales and heightened competition, particularly in the electric vehicle sector, Tesla is streamlining its operations by reducing its workforce across various departments including sales, tech, and engineering. 
Tesla, the pioneering electric vehicle manufacturer, is facing a pivotal moment as it implements sweeping global job cuts affecting its largest markets, the United States and China. Amid declining sales and heightened competition, particularly in the electric vehicle sector, Tesla is streamlining its operations by reducing its workforce across various departments including sales, tech, and engineering.
