In response to concerns raised by federal safety regulators, Tesla has issued a recall affecting 2.2 million vehicles on US roads due to an issue with the font size of warning lights displayed on its vehicles. The National Highway Traffic Safety Administration (NHTSA) brought attention to the problem, which was discovered during a routine audit…
Tesla witnessed a sharp decline in its shares, plummeting by 12% on Thursday and erasing a staggering $80 billion in market value. The dip followed the electric car giant’s cautionary statements about decelerating growth in electric car sales and the looming threat posed by Chinese competitors. Closing at its lowest level since December 2022, Tesla’s…
In a surprising turn of events, Tesla, once the leader in global electric vehicle (EV) sales, faced a setback as Chinese automaker BYD claimed the top spot in the fourth quarter of 2023. The competition from Chinese electric car brands has led Tesla to revise its ambitious sales targets, causing a 7.5% drop in Tesla…
Here’s something sure to make Elon Musk smile – short sellers, those investors who placed bets that the value of Tesla shares were going to go down, lost a combined $12.2 billion last year, more than short sellers lost on any other company in 2023. Despite the losses suffered by shorts, Tesla’s shares more than…
In a move aimed at improving the functionality of its Autopilot driver-assistance system and mitigating collision risks, Tesla is recalling 1.6 million vehicles in China, according to an announcement from China’s State Administration for Market Regulation on Friday. The recall encompasses 1.61 million Tesla cars in China, spanning imported models such as the Model S,…
Chinese electric vehicle (EV) manufacturer BYD has emerged as a formidable contender to surpass Elon Musk’s Tesla as the world’s leading EV producer. The company announced on Monday that it achieved a milestone by selling a record 526,000 battery-only vehicles in the final quarter of 2023, fueled by a remarkable 70% surge in December sales….
New research from LendingTree has unveiled that Tesla owners face a higher likelihood of being involved in car accidents compared to drivers of other car brands. Analyzing data from 30 car brands based on tens of millions of insurance quotes between November 2022 and November 2023, the study reported that Tesla drivers experienced 23.54 accidents…
In response to safety concerns raised by the National Highway Traffic Safety Administration (NHTSA), Tesla is recalling more than 120,000 vehicles in the United States over potential risks related to unlocked doors during a crash. The safety recall specifically applies to certain Model S and X vehicles manufactured between 2021 and 2023, as outlined in…
In a surprising turn of events, a buyer of a new Tesla Model Y found themselves grappling with a $14,000 repair bill less than 24 hours after the purchase, shedding light on potential quality issues within the automaker. Shreyansh Jain recounted his ordeal to Reuters, revealing that his Model Y, acquired for $55,000 with only…
After four years since its initial unveiling and amidst delays and controversies, Tesla’s highly anticipated Cybertruck has finally reached the hands of approximately a dozen customers. However, the original base-model price of $39,900 announced in 2019 has seen a notable increase of over 50%, now standing at $60,990. Elon Musk, Tesla’s CEO, initially claimed in…
