Tesla Stories
Tesla CEO Musk Meets China's Number Two Official In Beijing
Tech billionaire and Tesla CEO Elon Musk met in Beijing on Sunday with China's number two official, Premier Li Qiang, who promised the country would "always" be open to foreign firms.
Elon Musk Heads To China For A Visit To Tesla's Second-Largest Market
Musk aims to meet senior Chinese officials in Beijing to discuss the deployment of Full-Self Driving (FSD) software in China.
Amid Job Cuts, Declining Sales And Postponed Trips, Tesla Slashes Prices Globally
Tesla has initiated price cuts across its vehicle lineup globally in response to declining sales, following its recent announcement of a decrease in global vehicle deliveries for the first time in nearly four years during the first quarter.
Tesla To Recall Cybertruck Over Acceleration Defect
Tesla is recalling 3,878 Cybertruck vehicles because of a defect that can cause unintentional vehicle acceleration, increasing crash risk, according to a US notice posted this week.
Tesla Asks Shareholders To Reapprove Huge Musk Pay Deal
Tesla will ask its shareholders in June to ratify a multi-billion-dollar 2018 pay package for CEO Elon Musk that was squashed by a US court earlier this year.
Tesla To Cut 14,000 Jobs Worldwide Amid Declining Sales And Increased Competition
Electric vehicle manufacturer Tesla is implementing significant workforce reductions, amounting to over 10% of its global staff, or at least 14,000 roles, amid declining sales and intensified competition in the electric vehicle market.
Tesla Settles Wrongful Death Lawsuit From Fatal Crash
Tesla has settled with the family of an engineer killed when his Model X crashed in Silicon Valley six years ago, avoiding a trial, according to court filings Monday.
Tesla's Stock Hits Low Amid Sales Decline
Tesla's disappointing first-quarter sales figures lead to a 7% drop in shares, marking its first year-over-year decline since the pandemic began.
Tesla Q1 Auto Deliveries Fall 8.5 Pct, Shares Drop Sharply
Tesla reported an 8.5 percent drop in first-quarter auto deliveries, missing estimates from leading analysts and weighing on shares.
China Could Turn From An Asset To A Liability For Tesla
Today, the EV pioneer has made some gains in the Chinese market, but it is facing enormous pressure from scores of domestic EV makers. They threaten to turn the company's foray into the Chinese market from an asset to a liability.
AI Titan Nvidia Ramps Up Collaboration With Chinese Auto Giants
The move deepens Nvidia's connections with the Chinese EV industry even as it is separately prohibited by the United States from exporting its most powerful AI hardware to China.
Elon Musk Defends Ketamine Use, Dismisses Investor Worries
Elon Musk suggested his use of drugs benefits Tesla investors in an interview released Monday, saying he takes prescribed ketamine to treat his "negative frame of mind."
Tesla Faces Uphill Battle As Analysts Downgrade Outlook Amid Growth Concerns
Tesla faces significant challenges as analysts downgrade outlook amid concerns over stagnant growth and increasing competition in the electric vehicle market.
Tax Breaks Or True Giving? Inside Elon Musk's Musk Foundation
Elon Musk's Foundation draws criticism for prioritizing tax benefits and aligning donations with personal interests.
20 Best-Selling Cars In The US: Top Wheels Of The Automotive Market
Discover the 20 most popular cars in the US in 2024, from fuel-efficient sedans to powerful trucks and SUVs. Find your perfect ride!
US Judge Voids Elon Musk's $56 Billion Tesla Compensation
A judge in the US state of Delaware voided the $56 billion compensation package of Tesla chief executive Elon Musk on Tuesday, siding with a shareholder who claimed the entrepreneur was overpaid.
Netflix, Tesla And Intel Take Wall Street For A Wild Ride, But The Rally In Stocks Remains Intact
The continuation of the rally in equities, which took the S&P 500 and the Dow Jones to yet new highs, came as bond prices and yields remained steady.
Holding The Line: Tesla Stays Resolute On Bitcoin In Q4 Earnings Report
Tesla Inc.'s fourth-quarter report noticeably omitted any mention of Bitcoin-related activities, underlining the company's continued ownership of its significant Bitcoin holdings, totaling 9,720 BTC.
Tesla To Recall 1.6 Mn Cars In China To Fix Steering Software: Regulator
Tesla is recalling more than 1.6 million electric vehicles in China, the country's market regulator said Friday, owing to software issues that could pose safety risks while driving.
Why The Magnificent Seven Rally Could Last For Many More Years
Though past performance isn't a guarantee for future performance, as the usual Wall Street disclaimer goes, there is a good reason to believe that the Magnificent Seven will continue to outperform the market for many more years.
Elon Musk Net Worth 2024: Top Billionaire Set To Scorch The Wealth Charts
As of Dec. 18, 2023, the net worth of Elon Musk is estimated to be $254.9 billion. And it could scale new heights in 2024.
Tesla's Price Cuts Will Bring EVs To The Masses - What Does It Mean For The Stock?
Nowadays, interest in EVs has spread to a larger group of consumers who are critical to helping EVs cross the "tipping point" to reach the mass market. The problem is that this group consists of older, more conservative consumers who are cautious decision-makers, reluctant to pay the high price tag that comes with EVs.
White House Condemns Elon Musk's 'Promotion Of Antisemitic And Racist Hate'
Backlash against the CEO of Tesla and owner of X is growing after his post seemingly endorsing Antisemitic views.
Tesla's India Entry: New Delhi Reportedly Ramps Up Efforts To Expedite Approvals By January 2024
A high-level meeting was reportedly held Monday to discuss steps to еxpеdite Tеsla's proposal to set up car and battery manufacturing facilities in the country.
Elon Musk Distances Himself From Cryptocurrency, Says His Companies Will Never 'Create A Crypto Token'
Musk has over the years swayed prices of numerous crypto assets, especially DOGE with just his online posts. The tech billionaire can easily create his own cryptocurrency, but it appears that he is reluctant to officially launch one, and he hasn't explained why.
California Jury Says Tesla's Autopilot Not To Blame In Fatal 2019 Crash
A California jury on Tuesday rejected a claim that a Tesla car involved in a fatal 2019 crash had a manufacturer's defect in its "Autopilot" self-driving feature, according to a court spokesperson.
Tesla Workers Strike In Sweden Over Union Demands
Tesla mechanics in Sweden walked off the job on Friday to protest against the electric carmaker's refusal to sign a collective wage agreement, the metalworkers union said.
Tesla's BTC Stash Reveals EV Maker's Diamond Hands On Crypto Holdings Despite Bear Market
Contrary to the rumors that were circulating online a few months ago, Tesla suggested that it did not buy or sell any of its crypto assets over the three-month period ending in September. However, it did not explicitly state its actual Bitcoin holdings.
Swedish Tesla Workers To Strike Over Union Demands
Tesla mechanics in Sweden will walk off the job on October 27 unless the electric carmaker agrees to sign a collective wage agreement, the metalworkers union IF Metall said Wednesday.
US Anti-Discrimination Agency Sues Tesla Over 'Pervasive' Racism
A federal anti-discrimination agency filed a lawsuit Thursday accusing Elon Musk's Tesla of allowing "pervasive" racism at its Silicon Valley car plant and retaliating against Black workers who opposed such abuse.