Tesla CEO Elon Musk has purchased approximately $1 billion (£735 million) worth of Tesla shares, marking his first open-market stock purchase since 2020. The move, disclosed in a regulatory filing on Monday, sent Tesla’s stock soaring over 6% in early trading, signaling renewed investor confidence in the electric carmaker. The buy involves roughly 2.5 million…
Tesla has unveiled a proposed compensation plan that could see CEO Elon Musk earn shares worth over $1 trillion if he meets a series of bold performance goals over the next decade. The package, announced by Tesla’s board, would not include a salary or cash bonus. Instead, Musk – already the world’s richest person –…
Tesla is asking a federal court in Florida to throw out a jury verdict that held the company partly responsible for a 2019 crash in which a pedestrian was killed and another victim left with life-changing injuries. The jury last month ordered Tesla to pay $243 million in damages, concluding that its Autopilot driver-assistance system…
Tesla, the electric vehicle and clean energy company founded by Elon Musk, has applied for regulatory approval to supply electricity to households and businesses across Britain. The application, submitted late last month to the UK’s energy regulator Ofgem, was signed by Andrew Payne, head of Tesla’s European energy operations. If approved, the licence would allow…
Tesla has approved a new $29 billion share award for CEO Elon Musk in a bid to retain the billionaire tech mogul as competition for AI talent heats up globally. The decision follows a legal blow earlier this year when a Delaware court voided Musk’s previous $56 billion compensation package from 2018, calling it “unfair…
A Florida jury has ruled that Tesla bears partial responsibility for a 2019 crash in which a Model S using the company’s Autopilot system killed a pedestrian and left another person with life-changing injuries. The case was brought by the family of 22-year-old Naibel Benavides Leon, who died after being struck at a T-intersection in…
Tesla CEO Elon Musk has announced a $16.5 billion agreement with Samsung Electronics to supply chips for the U.S. automaker’s future vehicles. The deal is set to boost Samsung’s struggling contract chip manufacturing business and make use of its new fab in Taylor, Texas. Musk revealed on X that Samsung’s facility will produce Tesla’s next-generation…
Tesla says it is moving forward with plans to introduce a more affordable electric vehicle and expand access to its self-driving technology in Europe, as the company grapples with mounting financial and reputational challenges. In a call with investors, the electric carmaker revealed that early builds of a lower-priced model began in June. The development…
At first glance, the headlines about Elon Musk’s latest feud with former President Donald Trump might seem like just another high-profile spat in the tech billionaire’s ever-expanding media orbit. But behind the social media theatrics, Tesla – the crown jewel of Musk’s empire – is facing a cascade of problems that go far deeper than…
Tesla has reported a 14% drop in vehicle deliveries for the second quarter of 2025, marking its second consecutive quarterly decline as the electric vehicle giant contends with intensifying competition and mounting political fallout. Between April and June, Tesla delivered just over 384,000 vehicles, a significant slide that signals continued headwinds for the company. The…
U.S. federal safety officials have reached out to Tesla following the circulation of videos on social media that appear to show its newly launched robotaxis behaving erratically on public roads. The vehicles, introduced in Austin, Texas, over the weekend, are part of Tesla CEO Elon Musk’s ambitious plan to revolutionize transportation through fully autonomous ride-hailing…
Tesla appears to have dropped plans to set up manufacturing operations in India, according to the country’s Minister for Heavy Industries, HD Kumaraswamy. Speaking on Monday as the Indian government unveiled detailed guidelines for its electric vehicle (EV) manufacturing incentive scheme, Kumaraswamy stated bluntly: “Tesla – we are not expecting from them.” While other global…
Tesla CEO Elon Musk has confirmed his commitment to leading the electric vehicle company for at least the next five years, amid investor concerns about his focus and Tesla’s recent performance. Speaking at the Bloomberg Qatar Economic Forum in Doha on Tuesday, Musk responded with an unequivocal “yes” when asked whether he would continue as…
Chinese battery giant Contemporary Amperex Technology Co. Limited (CATL) saw its shares jump sharply on its Hong Kong debut, marking the largest initial public offering (IPO) of the year so far. The world’s leading electric vehicle (EV) battery manufacturer raised nearly HK$35.7 billion (US$4.55 billion) in the listing, with its stock climbing as much as…
Tesla is facing a sharp decline in sales across several European countries, signaling deeper challenges for the U.S. electric vehicle giant as competition stiffens and public sentiment shifts. Despite the broader rise in electric vehicle (EV) adoption across Europe, new data shows Tesla’s performance dropped steeply in April. The company recorded year-over-year sales declines in…
Tesla has strongly refuted claims that its board is actively searching for a new chief executive to replace Elon Musk, dismissing a report by The Wall Street Journal as false. The report, published Wednesday, alleged that Tesla directors had contacted executive recruitment firms in March to begin exploring CEO replacement options, citing unnamed sources. However,…
Tesla’s financial and operational struggles are intensifying, with its latest earnings report revealing a 71% drop in net income – a stark indicator of deeper troubles within the electric vehicle (EV) giant. The automaker posted a $409 million profit for the first quarter of 2025, but that figure was only possible through the sale of…
Dan Ives, Global Head of Technology Research at Wedbush Securities, has urged Elon Musk to step away from his role in the Trump administration and recommit to leading Tesla full-time. In a post shared on X, Ives emphasized the need for Musk to shift his attention back to Tesla, especially following the company’s first-quarter earnings…
A 19-year-old University of Massachusetts student, Owen McIntire, is facing serious federal charges after allegedly firebombing a Tesla dealership in Kansas City, Missouri, on March 17. Authorities say the attack could land him behind bars for decades if convicted. According to the U.S. Department of Justice, McIntire is accused of using a Molotov cocktail to…
A former Tesla engineer who raised concerns about vehicle safety has secured a major legal victory in her years-long battle with Elon Musk and the electric car company. Cristina Balan, once a prominent employee at Tesla whose initials were engraved on Model S batteries, was fired in 2014 after warning that a design flaw could…
Tesla has stopped accepting new orders in China for its U.S.-manufactured Model S and Model X vehicles, as trade tensions between Beijing and Washington intensify. A review of the company’s Chinese website and WeChat mini program on Friday showed that both luxury models – which are imported from the United States – were no longer…
Electric vehicle giant Tesla is set to launch in Saudi Arabia, marking its entry into the oil-rich kingdom at a time when its global sales are struggling. The company announced that it will hold a launch event in Saudi Arabia on April 10, where attendees will get a firsthand look at Tesla’s EV lineup. The…
Tesla is experiencing a sharp decline in sales, stock performance, and brand reputation, raising concerns among investors and analysts. However, its CEO, Elon Musk, appears to be focused elsewhere, leaving the electric vehicle giant to navigate turbulent waters without clear leadership. Tesla’s stock has dropped significantly, making it one of the worst-performing stocks in the…
Tesla is recalling over 46,000 Cybertrucks in the United States due to concerns that an exterior panel could detach while driving, posing a road hazard. The recall affects nearly all Cybertrucks produced between November 2023 and February 27, 2024, according to a filing with the National Highway Traffic Safety Administration (NHTSA) on Thursday. Tesla plans…
Tesla’s stock has taken a steep dive, shedding over 40% of its value since January and wiping out the gains it made after the U.S. presidential election. The decline has also dealt a heavy blow to CEO Elon Musk’s personal fortune, erasing an estimated $121 billion from his net worth in just three months. The…
Tesla has temporarily halted deliveries of its Cybertruck due to concerns over loose trim pieces, marking yet another challenge for the electric pickup. Reports indicate that parts of the truck’s trim – specifically along the roof and edges – may detach or even fall off while driving. According to posts on the Cybertruck Owners Forum…
Tesla has cautioned that potential retaliatory tariffs against American manufacturers could negatively impact its operations, urging the U.S. government to carefully evaluate its trade policies. In a March 11 letter to U.S. Trade Representative Jamieson Greer, the electric vehicle (EV) giant emphasized the importance of fair trade but warned that trade measures aimed at addressing…
Tesla is recalling nearly 380,000 vehicles in the United States due to a power steering assist failure that could make steering more difficult, especially at low speeds, increasing the risk of accidents. The recall comes after a lengthy investigation by the National Highway Traffic Safety Administration (NHTSA), which began over a year ago following multiple…
Tesla is facing an unprecedented sales slump, and competition in the electric vehicle (EV) market is heating up. The company experienced its first-ever decline in global sales last year, dropping by 1% from 2023. While a 1% decline may not seem significant for some companies, it is a sharp contrast for Tesla, which recorded growth…
A Tesla Cybertruck crashed into a utility pole while operating on the latest version of the company’s Full Self-Driving (FSD) software, raising fresh concerns about the technology’s reliability. The incident was reported by Jonathan Challinger, a Florida-based software developer, who shared images of the damaged vehicle on social media. Challinger said he was using Tesla’s…
Tesla CEO Elon Musk has made bold claims about the company’s Full Self-Driving (FSD) technology, suggesting that it has become so advanced that some drivers misuse it in unsafe ways. His comments have sparked both praise and criticism as Tesla continues to push the boundaries of autonomous driving. At a recent investor and analyst conference,…
Tesla, a leader in the U.S. electric vehicle market, is grappling with unexpected challenges following the launch of its highly anticipated Cybertruck. Initially envisioned as a game-changing product, the vehicle’s pricing strategy and production hurdles are forcing the company to reassess its plans, influencing both consumer expectations and industry benchmarks. From $39,900 to Over $100,000:…
A Delaware court has once again blocked Tesla CEO Elon Musk’s massive compensation plan, estimated at $101 billion in stock options, despite approval from Tesla shareholders earlier this year. The ruling, delivered by Delaware Chancery Court Chancellor Kathaleen McCormick, marks the second time Musk’s pay package has been rejected. Initially approved in 2018 and valued…
Former U.S. President Donald Trump is reportedly planning to eliminate the $7,500 electric vehicle (EV) tax credit, a move that could disrupt the auto industry. Surprisingly, this decision may benefit Tesla, the leading EV maker, and its billionaire CEO Elon Musk, despite its potential to raise costs for consumers. Unlike many legacy automakers, Tesla is…
The U.S. National Highway Traffic Safety Administration (NHTSA) has launched a formal investigation into Tesla’s self-driving software systems, potentially leading to a recall of the electric carmaker’s vehicles. The probe, announced on Friday, affects 2.4 million Tesla vehicles produced between 2016 and 2024 across various models. The NHTSA’s evaluation stems from four reported crashes involving…
Tesla’s long-anticipated Cybercab, a fully autonomous robotaxi, was officially unveiled by CEO Elon Musk at Warner Bros Studios in Burbank, California. The futuristic vehicle, which lacks pedals and a steering wheel, made its debut at an event titled “We, Robot,” where Musk highlighted the company’s vision for the future of self-driving technology. The Cybercab, with…
Tesla CEO Elon Musk has officially unveiled the much-anticipated Cybercab, a futuristic robotaxi, during a special event titled “We, Robot” held at Warner Bros Studios in Burbank, California. The unveiling marks a significant step forward in Tesla’s pursuit of autonomous vehicles, though questions remain about the company’s ambitious timeline. The Cybercab, a sleek vehicle with…
Tesla is set to unveil its highly anticipated self-driving robotaxi prototype, dubbed the Cybercab, at a special event on Thursday at Warner Bros Studios in Burbank, California. The event, titled “We, Robot,” marks a pivotal moment for the electric vehicle giant as it ventures deeper into autonomous vehicle technology. CEO Elon Musk has long championed…
Elon Musk, the billionaire CEO of Tesla, has issued a stark warning about the U.S.’s financial future, predicting a looming bankruptcy due to skyrocketing national debt—a scenario he believes could trigger a major bitcoin price boom. The warning came after the U.S. national debt surged by $204 billion in just one day, hitting a record…
Tesla has issued a recall for approximately 27,000 Cybertrucks due to a rearview camera malfunction that could increase the risk of accidents. The issue, identified by the National Highway Traffic Safety Administration (NHTSA), involves a delay of up to 8 seconds before the rearview camera image appears on the dashboard when the vehicle is put…
The European Union has significantly reduced tariffs on Tesla vehicles manufactured in China, a move that could enhance the automaker’s market position in the region. The new tariff rate, announced by the European Commission, is set at 9%, a sharp decrease from the initial 20.8% rate imposed earlier this year. This adjustment follows the EU’s…
A Tesla Model S was reportedly in “Full Self-Driving” (FSD) mode when it struck and killed a 28-year-old motorcyclist near Seattle in April. According to police, the 56-year-old driver was allegedly looking at his cell phone at the time of the incident and has been arrested on suspicion of vehicular homicide. Tesla’s FSD software, which…
Tesla’s stock took a significant hit on Wednesday, plummeting 12% after the company reported a dramatic drop in second-quarter profits. The electric vehicle (EV) giant faced a more than 40% decrease in profit compared to the same period last year, as competition in the EV market intensified and overall sales growth slowed. This decline marks…
A Delaware judge is considering a record-setting $7 billion request for attorney fees from three law firms that successfully contested Elon Musk’s $56 billion pay package from Tesla. The firms, which represented Tesla shareholder Richard Tornetta, argue that the fee incentivizes legal accountability for corporate boards. For over six hours on Monday, legal teams debated…
For the first time, Tesla has been included in a Chinese government purchase list, as reported by state-owned media outlet Paper.cn. Tesla is the only foreign-owned electric vehicle (EV) brand featured in the procurement catalogue released by the government of Jiangsu province in eastern China. Other brands on the list include Volvo, owned by China’s…
Tesla has reported a decline in sales for the second consecutive quarter, marking the first time in its history that sales have decreased year-over-year for two quarters in a row. The electric vehicle (EV) giant sold nearly 444,000 cars this quarter, a 5% drop from the previous year. This follows an 8.5% decline in the…
In a decisive move, Tesla shareholders have re-approved a multi-billion-dollar pay package for CEO Elon Musk that had previously been struck down by a Delaware judge. The decision was made at Tesla’s annual meeting on Thursday, alongside the approval to shift the company’s incorporation from Delaware to Texas. Tesla announced on Friday that the pay…
Next week, Tesla shareholders will cast their votes on whether CEO Elon Musk deserves a massive compensation package previously struck down by a judge, and whether the company should relocate its state of incorporation from Delaware to Texas. Five months ago, a Delaware judge nullified the $50 billion pay package granted to Musk by Tesla’s…
Tesla is set to recall 125,227 vehicles in the United States because of a defect in the seat belt warning system, which could increase the risk of injury in the event of a collision. The National Highway Traffic Safety Administration (NHTSA) announced the recall on Friday, citing that the vehicles do not meet federal safety…
Tesla has begun construction on a new battery manufacturing plant in Shanghai, signalling a significant expansion despite escalating trade tensions between the United States and China. The groundbreaking event on Thursday follows CEO Elon Musk’s unexpected visit to China, aimed at boosting the company’s declining sales in the region. Announced in April of last year,…
