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,…
Western companies, including McDonald’s, Apple, and Tesla, are encountering significant challenges in the Chinese market as an economic downturn and increased competition from local rivals reshape consumer behaviour and market dynamics. The once lucrative bet on the unstoppable growth of the Chinese consumer market is now facing uncertainties, with price wars erupting across various sectors,…
In a show of dissent against Tesla’s expansion plans, approximately 800 activists converged outside Tesla’s factory near Berlin, attempting to disrupt operations and voice opposition to the company’s growth strategy. Organized by Disrupt, a coalition of anti-capitalist groups, the protesters aimed to halt the planned expansion, citing concerns over environmental impact and resource strain. According…
Tesla has announced the closure of its factory near Berlin, preempting expected protests against the planned expansion of its facility. The decision comes as demonstrators prepare to gather outside the factory gates to voice their opposition to the proposed increase in production capacity. The shutdown of production lines on Friday was previously scheduled for January,…
In an unexpected move, Tesla has terminated its team responsible for managing the electric vehicle charging business, sparking concerns about the fate of one of the largest US charging networks, which rivals like General Motors and Ford had planned to utilize. Reports of the layoffs surfaced after several Tesla employees confirmed the news on social…
Tesla’s shares experienced a significant surge following reports indicating that the company has made substantial progress in securing regulatory approval in China through a partnership with search engine giant Baidu. The boost in Tesla’s stock value comes in the wake of a surprise visit by CEO Elon Musk to meet with Premier Li Qiang, China’s…
In a significant development shedding light on the safety concerns surrounding Tesla’s Autopilot system, a report from US regulators has revealed startling statistics: nearly 1,000 crashes and over two dozen fatalities have been linked to Tesla vehicles operating on Autopilot mode. The findings underscore a critical issue of driver misunderstanding regarding the capabilities of Tesla’s…
Despite reporting a 48% plunge in adjusted earnings for the first quarter, Tesla remains optimistic about its future plans, including the launch of a cheaper model next year. The electric carmaker disclosed a 9% decline in total revenue, failing to meet Wall Street’s revised forecasts. Additionally, its profit margin dipped by 2 percentage points. However,…
Tesla, the leading electric vehicle (EV) manufacturer, has initiated significant price cuts in major markets, including the United States, China, and Germany, as it contends with intensifying competition and dwindling sales. The company announced substantial reductions in the prices of several models in mainland China, its largest overseas market. The starting prices for four models…
Elon Musk, the CEO of Tesla, has announced the postponement of his planned visit to India, citing pressing obligations at Tesla as the reason for the delay. Scheduled for next week, Musk’s visit to India was highly anticipated, with expectations of meetings with Prime Minister Narendra Modi and discussions regarding Tesla’s potential factory in the…
Tesla, known for its unconventional approach to advertising, has disclosed spending $200,000 on advertising through social media platform X, according to recent filings with the Securities and Exchange Commission (SEC). The electric car manufacturer, helmed by CEO Elon Musk, has historically eschewed traditional advertising methods, preferring to allocate resources towards product development and innovation. However,…
Tesla, the trailblazer in electric vehicles, is poised to trim over 10% of its expansive global workforce of 140,000 employees, marking a significant restructuring move in response to market dynamics. This decision, outlined in an email reportedly sent by CEO Elon Musk over the weekend, underscores the company’s drive for “cost reductions and increasing productivity”…
Tesla, the electric vehicle pioneer led by Elon Musk, has encountered a significant setback in its first-quarter deliveries, marking the lowest figure in over a year. Challenges including a factory fire, global shipping disruptions, and supply chain woes have contributed to the decline. The company reported delivering just under 387,000 electric cars to customers, down…
Tesla, the pioneering electric car company led by CEO Elon Musk, faced a significant decline in sales, marking its first annual drop since the onset of the pandemic, as competition in the electric vehicle (EV) market intensified from both Chinese and Western automakers. Despite producing 433,000 vehicles, Tesla delivered only 387,000, signalling a substantial decrease…
Tesla, led by Elon Musk, is bracing for a challenging quarter following a series of setbacks, signalling a tumultuous period for the electric vehicle giant. Analysts anticipate that Tesla will fall short of Wall Street’s projections for both deliveries and revenue in the wake of global EV demand slowing down and disappointing performance in key…
