Tesla's Second-Quarter Profit Falls 45% to $1.48 Billion
DETROIT — Tesla’s second-quarter net income fell 45% compared with a year ago as the company’s global electric vehicle sales tumbled despite price cuts and low-interest financing.
Tesla Delays Robotaxi Event in Blow to Musk’s Autonomy Drive
Tesla is postponing its planned robotaxi unveiling to October to allow teams working on the project more time to build additional prototypes, according to people familiar with the decision.
Tesla Sales Fall for Second Straight Quarter
DETROIT — Tesla’s global sales fell for the second straight quarter despite price cuts and low-interest financing offers, another sign of weakening demand for the company’s products.
July 2, 2024Tesla Recalls Cybertrucks Twice in One Day
Tesla Inc. is recalling its Cybertruck model again over faulty windshield-wiper components and trim pieces that may come loose while driving.
The $25,000 Electric Car Is Coming to US Soon
With signs of slowing growth in the premium EV market, manufacturers have been working on a pivot from luxury to practicality. The $25,000 economy electric car is the industry’s new target.
Tesla Cybertruck Deliveries Delayed Over Wipers
Tesla Inc. has halted Cybertruck deliveries because of a problem with its windshield wiper, Electrek reported.
Tesla Driver Tells Police He Was Using ‘Self-Drive’ in Crash
DETROIT — A Tesla apparently operating on one of the company’s automated driving systems crashed into a parked police vehicle June 13 near Los Angeles.
Elon Musk Wins Back His $44.9 Billion Tesla Pay Package
DETROIT — Tesla shareholders voted to restore CEO Elon Musk’s record $44.9 billion pay package that was thrown out by a Delaware judge earlier this year.
Judge Rules Tesla Must Face Autopilot False Ad Claims
Tesla failed to persuade an administrative judge to dismiss claims by a California regulator that the company overstated its vehicles’ self-driving capabilities.
Some Long-Range EVs Now Cost Less Than Average New Car in US
The automotive industry has produced the first long-range EVs that are cheaper to buy than the average gas-powered car.