Elon Musk Tesla Cars

Tesla cuts prices on EV models for 3rd time this year in US to lure buyers

Tesla cut prices on its entire U.S. electric vehicle model lineup for the third time this year in an apparent effort to lure more buyers amid rising interest rates. The cuts that appeared Friday on Tesla's website ranged from $5,000 per vehicle for Tesla's slower-selling more expensive models, the S large sedan and the X big SUV. The company lopped $2,000 off the price of the Y small SUV, its most popular model, and added a lower-cost dual-motor version priced at $49,990. The 3 small sedan saw a $1,000 price cut. The moves come as Tesla's first-quarter sales grew 36% but fell short of analysts' expectations. The company said Sunday that it delivered a quarterly record of 422,875 vehicles worldwide from January to March, up from just over 310,000 a year ago. But the increase fell short of analyst estimates of 432,000 for the quarter, according to FactSet. A message was left Friday seeking comment from the Austin, Texas-based Tesla on why the prices were cut. Guidehouse Research

US FDA rejected Musk-run Neuralink's bid to implant chip in human brain

The US Food and Drug Administration (FDA) rejected Elon Musk-run company Neuralink's bid to implant a chip in a human brain over safety risks, the media reported.

Innovative techniques and smaller factories to help cut costs: Tesla

Tesla says it will cut the cost of its next generation of vehicles in half, largely by using innovative manufacturing techniques and smaller factories. CEO Elon Musk and other executives outlined the goals during a 3 1/2-hour investor day presentation at Tesla's Austin, Texas, headquarters Wednesday as they presented the company's third master plan. The changes could bring the cost of a new generation of vehicles to around $25,000. Many investors were hoping to catch a glimpse of the next generation vehicles, but Musk said they wouldn't be shown until a proper product unveiling. We'd be jumping the gun if we answer your question, about the new vehicles, he told an analyst. Shares of Tesla fell nearly 6% in after-hours trading during the presentation that ended just after 8 p.m. Eastern time. Musk announced that Tesla plans to build a new factory in Mexico near Monterrey. Company executives said it will not take production from any other factories, where Tesla expects to expand ...

US investigates self-driving claims made by Elon Musk for Tesla: Report

Musk in November last year said the Tesla FSD beta is available to anyone in North America

Tesla flags its cars not ready to be approved as fully self-driving this yr

Tesla Inc's advanced driver assistant software won't gain regulatory approval in 2022, CEO Elon Musk said

Cathie Wood scoops up Tesla as stock tumbles on deliveries miss in Q3

Funds backed by Wood's Ark Investment Management LLC bought 132,213 shares in Elon Musk's company on Monday, marking the firm's first purchase of Tesla since mid-June

Tesla recalls 1.1 mn vehicles to prevent drivers from pinching by windows

Elon Musk-run Tesla has recalled around 1.1 million vehicles to prevent drivers from getting pinched by the windows while being rolled up

Twitter can be made liable for fraudulent disclosure on bots, thinks Musk

Twitter has misled its users from revealing the actual number of bots or spam accounts on its platform, then the Parag Agrawal-led company can be held liable for fraudulent disclosure, feels Elon Musk

Tesla will cut salaried workforce by 10% over 3 months: Elon Musk

This would result in reducing Tesla's total headcount by roughly 3.5 per cent

Tesla CEO Musk appeals ruling that upheld securities fraud settlement

Elon Musk is appealing a federal court ruling that upheld a securities fraud settlement over Musk's tweets claiming that he had the funding to take Tesla private in 2018.

What lies ahead for CEO Parag Agrawal with Elon Musk as Twitter boss

After Tesla CEO Elon Musk acquired Twitter for $44 billion, its Indian-origin CEO Parag Agrawal said on Tuesday that the micro-blogging platform has a purpose and relevance that impacts the world.

US investigates 416,000 Tesla vehicles over unexpected braking reports

The government says it has 354 complaints from owners during the past nine months about phantom braking" in Tesla Models 3 and Y

Tesla to recall nearly 580,000 vehicles in US due to 'Boombox' function

The recall is the fourth made public in the last two weeks as US safety regulators increase scrutiny of the nation's largest electric vehicle maker

Tesla recall: Heat pump won't defrost windshield fast enough

The latest in a series of recent recalls covers certain 2021 and 2022 Models 3, S, and X, and some 2020 through 2022 Model Y vehicles

India wants Tesla's local sourcing plans, roadmap before any tax breaks

The departments have also asked Tesla for its thoughts on importing fully built cars versus so-called knocked-down units or partially built vehicles

Tesla's use of in-car cameras for self-driving tech raise privacy concerns

Tesla Inc's use of in-car cameras to record and transmit video footage of passengers to develop self-driving technology raises privacy concerns, influential US magazine Consumer Reports said

Tesla on autopilot drives into Michigan trooper's patrol car, probe begins

The US highway safety agency sent investigators to Michigan for the second time in less than a week to investigate an accident after a Tesla on autopilot crashed into a state trooper's patrol car

Tesla raises price of variants of its Model Y, Model 3, Model S cars

Tesla Inc has increased price of its Model Y Long Range and Model S Plaid plus by $10,000, the electric-car maker's website showed

Tesla gets permission from China to sell Shanghai-made Model Y SUV

Tesla Inc has obtained permission to start selling its Shanghai-made Model Y sports utility vehicle in China

'Unaffordable taxes': Musk makes it clear Tesla cars aren't coming to India

Owning and driving a Tesla car will have to wait till the government reduces taxes on imports.