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Tesla laying off more than 10% of staff globally as sales fall
Tesla is laying off more than 10% of its global workforce, an internal memo seen by Reuters on Monday shows, as it grapples with falling sales and an intensifying price war for electric vehicles (EVs).
Elon Musk says Tesla will unveil robotaxi in August
Elon Musk revealed Friday that Tesla will pull back the curtain on a robotaxi this summer, news that comes as adoption of self-driving vehicles hits speed bumps over safety concerns.
Musk defends his ketamine use as beneficial for investors in new video
CEO Elon Musk said his ketamine prescription was beneficial for Tesla's investors in a video interview with former CNN anchor Don Lemon posted online on Monday.
March 19, 2024 | 12:52 am PT
China's Xiaomi to start deliveries of its first EV model, shares soar
China's Xiaomi said on Tuesday it will start deliveries of its first electric vehicle (EV) model SU7 this month, venturing into the world's largest auto market amid a brutal price war.
March 12, 2024 | 01:17 am PT
Jeff Bezos overtakes Elon Musk as world’s richest man
Amazon founder Jeff Bezos has surpassed tech guru Elon Musk to return to the top place in the Bloomberg Billionaires Index with a $200 billion net worth.
March 5, 2024 | 04:24 pm PT
Tesla cancels $16,000 pie order, leaving California bakery in setback
California-based bakery The Giving Pies confronts a difficult predicament as Tesla, the electric car powerhouse owned by Elon Musk, withdraws its order for 4,000 pies totaling US$16,000.
February 24, 2024 | 03:26 pm PT
$94B wiped off Tesla's market cap in first two weeks of 2024
Tesla's market cap has decreased by $94 billion in the first two weeks of 2024 as the growth in electric vehicle demand decelerates.
January 14, 2024 | 06:57 pm PT
Tesla recalls 120,000 vehicles over doors that could unlock in crash
Tesla is recalling just over 120,000 Model S and Model X vehicles in the United States over the risk of doors being unlocked and opening during a crash, the automaker said Friday.
December 22, 2023 | 04:20 pm PT
Tesla recalls nearly all vehicles on US roads over lack of Autopilot safeguards
Tesla is recalling over 2 million vehicles in the U.S. to install new safeguards in its Autopilot advanced driver-assistance system, after a federal safety regulator cited safety concerns.
December 13, 2023 | 06:47 pm PT
Tesla says it is 'morally obligated' to continue improving Autopilot, reiterates safety claims
U.S. automaker Tesla Inc on Monday said it has a "moral obligation" to continue improving its Autopilot driver assistant system and make it available to more consumers based on data that showed stronger safety metrics when it was engaged.
December 11, 2023 | 11:30 pm PT
US electric-vehicle sales hit record high, Tesla loses market share, report says
Electric vehicle (EV) sales in the United States jumped to more than 300,000 for the first time in the third quarter, but industry leader Tesla's market share slipped to the lowest on record, a report by Cox Automotive showed on Thursday.
October 13, 2023 | 04:18 am PT
Tesla cuts prices in China for some Model Y versions
Tesla Inc has cut prices in China for its Model Y long-range and performance versions starting on Aug. 14, the company said in a notice on Monday.
August 13, 2023 | 06:36 pm PT
Tesla may keep cutting prices in 'turbulent times', Musk says
Tesla CEO Elon Musk signalled on Wednesday that he would cut prices again on electric vehicles in "turbulent times", even as his all-out price war on automaker rivals squeezes the company's own margins.
July 19, 2023 | 07:59 pm PT
Tesla to hit record quarterly sales in China even as market share shrinks: analysts
Tesla is set to hit another record quarter with its China sales while it faces mounting pressure from local competitors such as BYD eating into its share in the world's largest auto market, analysts say.
June 28, 2023 | 02:07 am PT
Tesla shares finally snap record 13-day win streak that added $200B in value
Tesla's record 13-day streak of gains finally came to an end on Wednesday, as the stock closed down just a smidgen after a stretch that saw the U.S. automaker add more than $200 billion to its value.
June 14, 2023 | 06:22 pm PT
Battle for China's electric SUV market heats up at home and abroad
China is ground zero for the price war in electric vehicles and the battleground is shifting to SUV-styled EVs, the largest segment of the market, dominated by Tesla Inc and BYD.
May 8, 2023 | 01:03 am PT
Tesla to build Shanghai factory to make Megapack batteries
Tesla Inc is opening a factory in Shanghai, capable of producing ten thousand Megapack energy product per year, to supplement output of Megapack factory in California, the company said in a tweet on Sunday.
April 9, 2023 | 05:03 pm PT
VinFast slashes lease prices for first US buyers
Vietnamese electric vehicle maker VinFast has cut the lease price for its first model shipped to the United States by more than 50% for its first customers in California.
February 27, 2023 | 12:15 am PT
Mercedes-Benz cars to have 'supercomputers', unveils Google partnership
Mercedes-Benz said on Wednesday it has teamed up with Google on navigation and will offer "super computer-like performance" in every car with automated driving sensors as it seeks to compete with Tesla and Chinese newcomers.
February 22, 2023 | 06:30 pm PT
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