"Tesla Responds to Sluggish EV Demand with Strategic Price Cuts
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Tesla Sells Just One Vehicle in South Korea in January Amid Challenges
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Tesla Shares Plummet Amid Corporate Fleet Challenges and Market Pressures
"Tesla's stock price has been under significant pressure recently, experiencing a sharp decline of approximately 7% during trading hours, contributing to a cumulative drop of 30% since the beginning of the year. -
Tesla Initiates Recall to Update 2.2 Million Vehicles After Font Size Flaw Detected
"Tesla Inc. is initiating a recall for 2.2 million vehicles across the United States due to an issue identified with the font size of the warning lights on the vehicle's display, which federal safety regulators have deemed too small to ensure safe driving.
The Latest
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U.S. Democrats Divided on Chinese EV Tariffs, Call for Outright Ban Amid Spying Fears
U.S. President Joe Biden recently announced a quadrupling of tariffs on Chinese-made EVs from 25% to 100%. 
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Tesla to Invest $500 Million in Supercharger Network Expansion Despite Recent Layoffs
Tesla is set to invest over $500 million this year in expanding its Supercharger network, according to CEO Elon Musk, despite recent upheavals including the dismissal of the entire Supercharger team. This investment aims to add thousands of new chargers across the United States, a bold move that underscores the company's commitment to enhancing its charging infrastructure even as it navigates significant internal changes. 
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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. 
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China May Allow Tesla to Test Robotaxi - Report
During a rapid visit to China, Tesla CEO Elon Musk sparked discussions and speculations about the deployment of Tesla's Full-Self Driving (FSD) technology in China. Sources close to the matter revealed that Tesla has proposed launching an autonomous taxi service in the country, as reported by China Daily. 
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BYD Shark Set to Electrify Pickup Market with Global Launch in Mexico
Chinese automaker BYD is poised to unveil its first electric pickup truck, the BYD Shark, in Mexico on May 14th. This global debut highlights BYD's strategic shift towards international markets, particularly focusing on regions where pickup trucks enjoy robust demand. 
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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. 
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NHTSA Launches Investigation into Ford's BlueCruise Technology Following Two Fatal Crashes
The National Highway Traffic Safety Administration (NHTSA) has initiated an investigation into Ford Motor's hands-free driving technology, BlueCruise, following two fatal crashes involving Mustang Mach-E SUVs colliding with parked vehicles. 
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BYD Faces Stiff Competition and Slowing Sales in Q1 Amid Price War Challenges
Chinese electric vehicle (EV) giant BYD has reported a significant slowdown in its financial performance for the first quarter of 2024, revealing the impact of ongoing price wars and cooling demand in the world's largest auto market. The company's latest earnings illustrate a challenging period marked by a steep drop in quarterly profit growth and a reduction in revenue compared to previous quarters. 
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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. 
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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.
