Tesla

Tesla new battery plant in Shanghai cements China's place in energy storage

China already had more than 1,400 gigawatt-hours of battery manufacturing capacity, with another 6,000 gigawatt-hours under construction or announced

Tesla to build new Shanghai factory for Megapack battery, says report

The company led by Elon Musk, who is visiting China this weekend, made the announcement at a signing ceremony for the project in Shanghai, the report said

Elon Musk to visit China this weekend with possible Tesla plant stop

Musk is travelling with Tom Zhu, who was named Tesla's senior vice president of automotive this month

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

Tesla slashes prices of its electric vehicles in US to spur demand

Tesla doubling down on a discount drive against the backdrop of a weakening economy

Tesla continues to dominate US EV market with a share of over 50%

Elon Musk-run Tesla remains the market leader in the electric vehicle (EV) market in the US with more than 50 per cent share, selling more cars than the other 17 automotive groups combined

Tesla Model Y outperforms and becomes the best-selling car in Europe

Tesla Model Y becomes the best-selling car in Europe in February, as Tesla lowered its price by 20% from $65,990 to $52,990

Tesla sets record with 422,875 car deliveries after slashing EV prices

Tesla Inc. delivered 422,875 cars worldwide in the first quarter, setting a record after it cut prices to appeal to consumers buffeted by rising interest rates and faster inflation

How Elon Musk's empire has made him a problem for the Biden administration

Elon Musk's unilateral decision-making, which more often than not is opposite to the official stance of the US, has caused a headache for the Biden government, and it is difficult to shrug off

US regulators investigates Tesla for steering wheels that can fall off

US auto safety regulators have opened an investigation into Tesla's Model Y SUV after getting two complaints that the steering wheels can come off while being driven. The National Highway Traffic Safety Administration says the probe covers an estimated 120,000 vehicles from the 2023 model year. The agency says in both cases the Model Ys were delivered to customers with a missing bolt that holds the wheel to the steering column. A friction fit held the steering wheels on, but they separated when force was exerted while the SUVs were being driven. The agency says in documents posted on its website on Wednesday that both incidents happened while the SUVs had low mileage on them. Investigators look at how often the problem happens, how many vehicles were affected and at Tesla's manufacturing process. The Model Y is Tesla's top-selling vehicle. Messages were left seeking comment from Tesla, which has disbanded its media relations department. In one complaint filed with NHTSA, an owne

$50 billon lost in just minutes as Tesla's stock tumbles over 8%

Investor Day disappoints as firm says it would cut EV production costs by 50%, and remains silent on the much-awaited affordable car

Twitter seeks to sublease NYC office space as Elon Musk cuts costs

Twitter recently listed nearly 200,000 square feet (19,000 square meters) of space for sublease at 245 and 249 W. 17th St. in Manhattan, according to data from real estate brokerage Savills

Elon Musk rides on Tesla to become world's richest person, again

Net worth was at $187.1 billion as of market close on Monday, just topping the $185.3-billion fortune of Arnault

Elon Musk returns to the top, becomes richest person on the planet again

The rise in Musk's wealth can be attributed to the rally in Tesla stocks that has outpaced the rally in the Nasdaq 100 Index so far this year

Musk trial win a 'non sequitur' in Twitter sitter sase, says US SEC

The judge handling the SEC case has refused to let Musk out of the deal, prompting the Tesla CEO to appeal to the 2nd US Circuit Court of Appeals

Tesla continues investment in US, announces engineering HQ in California

The announcement was made by Tesla CEO Elon Musk on Wednesday along with California Governor Gavin Newsom, who called it "another proof point of the renewable energy vibrancy that is California"

Tesla board misrepresented Elon Musk's $55 billion pay package, says lawyer

Board members filled proxy disclosures with "half-truths" about the package, which would be the largest-ever awarded to a CEO, the lawyer, Greg Varallo, said Tuesday

Tesla now cheaper than average new car in the US, says report

Even before those cuts, it was the third best-selling SUV in the US last year, after the Toyota RAV4 and the Honda CR-V

Tesla considering takeover of battery-metals miner Sigma Lithium Corp

Sigma Lithium is one of multiple mining options Tesla is exploring as it mulls its own refining

Tesla recalls 362,000 US vehicles over Full Self-Driving software

The recall covers 2016-2023 Model S and Model X vehicles, 2017-2023 Model 3, and 2020-2023 Model Y vehicles equipped with FSD Beta software or pending installation