Page 3 - Tesla

Mercedes to build its own electric vehicle charging network in N America

Mercedes-Benz says it will build its own worldwide electric vehicle charging network starting in North America in a bid to compete with EV sales leader Tesla. The German luxury automaker said at the CES gadget show in Las Vegas on Thursday that it will start building the North American network this year at a total cost of just over 1 billion euros (USD 1.05 billion). When completed in six or seven years, the network will have 400 charging stations with more than 2,500 high-power plugs, the company said. Networks in Europe and China and other markets will follow, with completion of the full network by the end of the decade, when the company intends to sell all electric vehicles depending on market conditions. The full network will have more than 2,000 charging stations and over 10,000 plugs worldwide, Ola Kllenius, chairman of Mercedes-Benz's management board, told reporters. The company said the Mercedes-branded network will be open to owners of all electric vehicles, but Mercedes

South Korea fines Tesla $2.2 million for EV range exaggeration: Report

The driving range of the American EV manufacturer's cars plunge in cold weather by up to 50.5% versus how they are advertised online, the KFTC said in a statement on Tuesday

Tesla fined $2.2 mn in S Korea for alleged violations of advertising law

Tesla falsely promoted and exaggerated the driving range and charging speed of its electric cars as well as the estimated savings on fuel costs by using its vehicles

Sold record 1.3 mn vehicles last year, number short of target sales: Tesla

Tesla said on Monday that sold a record 1.3 million vehicles last year, but the number fell short of CEO Elon Musk's pledge to grow the company's sales by 50 per cent nearly every year. The 2022 figure topped the prior record of 936,000 vehicles delivered in 2021, but it was shy of the 1.4 million needed to reach the company's 50 per cent growth target. Sales grew 40 per cent year over year, while production climbed 47 per cent to 1.37 million. The shortfall came despite a major year-end sales push that included rare USD 7,500 discounts in the US on the Models Y and 3, the company's top-selling models. Tesla Inc., which is based in Austin, Texas, also had to deal with rising cases of the novel coronavirus in China, which cut into production at its Shanghai factory. With the extra US push, Tesla delivered more than 405,000 vehicles worldwide in the fourth quarter. But that missed Wall Street projections. Analysts polled by data provider FactSet expected 427,000 deliveries from Octo

Elon Musk's Tesla may unveil $25,000 Model 2 car in 2024: Report

Elon Musk-owned electric vehicle company Tesla is expected to unveil its $25,000 Model 2 car in 2024, the media reported

Tesla announces Model S, X launch in China, prices to be unveiled on Friday

Elon Musk-run Tesla has announced the upcoming launch of Model S and Model X in China, with pricing to be revealed on Friday and deliveries in the first half of this year

Tesla Megapack to achieve sustainable energy future for Earth, says Musk

Elon Musk on Saturday said Tesla Megapack (battery storage product) will make a huge difference to achieving a sustainable energy future for the planet.

US govt agency probing automated driving system use in 2 Tesla crashes

The US government's highway safety agency said on Thursday it will send teams to investigate two November crashes in California and Ohio involving Teslas that may have been operating on automated driving systems. The probes bring to 35 the number of crashes investigated by the National Highway Traffic Safety Administration since 2016 in which either Tesla's Full Self-Driving or Autopilot systems likely were in use. Nineteen people were killed in the crashes. The California crash occurred on Thanksgiving Day involving eight vehicles on the San Francisco-Oakland Bay Bridge. The driver told authorities that the Tesla Model S was using the company's Full Self-Driving software, according to Highway Patrol report obtained by CNN. The Ohio crash happened on November 18 near Toledo, when a Tesla Model 3 crashed into an Ohio Highway Patrol SUV stopped on a roadway with its emergency lights flashing. A message was left on Thursday seeking comment from Tesla on the latest NHTSA action. The ..

After Twitter debacle, does Elon Musk still want to be the CEO of Tesla?

It hasn't helped that Musk has oscillated from arguing that Twitter is doing better under his leadership, to describing it as in the fast lane toward bankruptcy

Musk not suited to run Twitter, should instead focus on Tesla: Investor

To the extent that Musk remains involved with the social media platform, it should be with the underlying technology rather than as the "front-facing CEO," Ross Gerber said

Tesla stock drops to its lowest, Elon Musk blames macroeconomic conditions

Electric car company Tesla's shares tumbled further to around $137 apiece, its lowest ever, as Elon Musk on Wednesday again blamed global macroeconomic conditions

Elon Musk's net worth sinks to two-yr low as Twitter CEO loses $7.7 billion

The selloff adds to the woes of Musk, who lost his status as the world's richest person to luxury tycoon Bernard Arnault on Dec. 13

Big oil stages a grand comeback as Exxon's valuation passes Tesla

For its part, Exxon's equity value has been steadily climbing since hitting a two-decade low in early 2020, when the outset of the Covid-19 pandemic sent crude prices into a tailspin

Tesla doing better than ever, we don't control Fed: Musk on heavy losses

The falling Tesla shares have hit Musk's net worth which fell to $174 billion, taking him to the second spot at the world's richest person's list

Elon Musk seeks new investors for Twitter at the same price he paid

Musk, who also runs Tesla Inc. and SpaceX, has acknowledged in the past that he paid too much for Twitter but has expressed confidence in its prospects in the long run

Tesla stock slips as CEO Musk sells another $3.58 billions of shares

Shares of Tesla are sliding before the market open on Thursday after news broke that CEO Elon Musk sold another USD 3.58 billion worth of the electric vehicle maker's stock this week. The stock slipped to USD 153 in premarket trading and is nearing two-year lows. Musk, the new owner of Twitter, sold the shares from Monday through Wednesday, according to a filing posted Wednesday night by the U.S. Securities and Exchange Commission. It wasn't clear where the proceeds were being spent. Musk has sold nearly USD 23 billion worth of Tesla stock since April, with much of the money likely going to help fund his USD 44 billion acquisition of Twitter. Early last month he sold nearly USD 4 billion worth of Tesla shares, according to regulatory filings. The sale comes as shares of the electric vehicle and solar panel maker have collapsed, losing over half their value since Musk first disclosed in April that he was buying up Twitter stock. Wedbush analyst Dan Ives said in a client note that .

Elon Musk sells another $3.58 bn worth of Tesla stock, purpose unknown

Elon Musk sold another USD 3.58 billion worth of Tesla stock this week, but it wasn't clear where the proceeds were being spent. The Tesla CEO, and new owner of Twitter, sold the shares from Monday through Wednesday, according to a filing posted Wednesday night by the US Securities and Exchange Commission. Musk has sold nearly USD 23 billion worth of Tesla stock since April, with much of the money likely going to help fund his USD 44 billion acquisition of Twitter. The sale comes as shares of the electric vehicle and solar panel maker have collapsed, losing over half their value since Musk first disclosed in April that he was buying up Twitter stock. The falling shares have bumped Musk from his status as the world's wealthiest person, with his net worth falling to USD 174 billion, according to Forbes. He was passed last week by French fashion and cosmetics magnate Bernard Arnault. The takeover of Twitter has not been smooth, and some big companies have halted advertising on the s

Tesla rolls out new holiday update with Steam games and Apple Music

With the Light Show feature, users can schedule light shows on multiple vehicles simultaneously to create their own orchestra of light

Elon Musk's SpaceX tender offer is said to value company at $140 billion

Space Exploration Technologies Corp., as the company is formally called, is offering the shares for $77 apiece

Musk's title of world's richest person at risk after net worth dips $70 bn

The Tesla boss has sold $20 billion of Tesla shares since April to fund the Twitter buyout