Ford electric vehicle owners in the United States will soon have access to Tesla’s extensive EV charging network, as announced by the CEOs of both companies, Jim Farley of Ford and Elon Musk of Tesla. Starting from next year, Ford EV owners can utilize Tesla’s 12,000 Supercharger stations through the Ford mobile app. The partnership…
Tesla Chief Executive Elon Musk has warned that the electric-vehicle maker is not immune to the global economic environment, which he said will be difficult for the next 12 months. At the company’s annual shareholder meeting on Tuesday in Austin, Texas, Musk spoke about car demand, making more money than competitors in a slow economy…
Tesla is set to recall over 1.1 million cars in China due to possible safety concerns, according to a statement released by the State Administration for Market Regulation (SAMR). The recall will commence on May 29th, and the affected vehicles were manufactured between January 12, 2019, and April 24, 2023. The SAMR stated that the…
Tesla Inc. shares extended their brutal selloff, pulling the company’s market valuation below the key half-trillion dollar mark as investors increasingly fear its price-cutting plan will eat into profits. The stock price closed down 4.3% at $153.75, the lowest since Jan. 25. The company has lost more than $84 billion from its market capitalization over…
A California state court jury has handed Tesla Inc a sweeping win, finding that the carmaker’s Autopilot feature did not fail to perform safely in what appears to be the first trial related to a crash involving the partially automated driving software. The verdict could be an important victory for Tesla as it tests and…
Shares in electric vehicle maker Tesla dropped more than 4% after the company reported first-quarter earnings after the bell. Here are the results. Earnings per share: 85 cents adj. vs 85 cents expected, according to the average analyst estimate compiled by Refinitiv Revenue: $23.33 billion vs $23.21 billion expected, according to Refinitiv estimates Net income…
It feels as if every day brings new price changes from Tesla TSLA –0.65% . Investors are getting used to them. The bigger deal now is the electric-vehicle company’s first-quarter gross profit margins are due to be reported in just a few days. Reuters reported that Tesla cut prices for its electric vehicles in Europe…
PepsiCo fully launched its Tesla Semi fleet recently, giving the world a sneak peek at its sustainable class-8 trucks. PepsiCo recently unveiled its Tesla Semi fleet for its Sacramento facility, taking a step closer to reaching its sustainability goals. PepsiCo stated that its Tesla Semi fleet was made possible through a grant by Sacramento’s air…
Elon Musk’s electric car maker Tesla says it is expanding in China as it builds a new factory to make its large-scale batteries. The plant in Shanghai will be able to produce 10,000 of its “Megapack” energy storage units a year, the firm says. A Megapack is a very large battery that can be used…
A California Tesla owner on Friday sued the electric carmaker in a prospective class action lawsuit accusing it of violating the privacy of customers. The lawsuit in the U.S. District Court for the Northern District of California came after Reuters reported on Thursday that groups of Tesla employees privately shared via an internal messaging system…
