Tesla is shifting its focus from electric vehicles to the self-driving Robotaxi program despite Model Y's success as a key revenue engine.
Cheaper vehicles could be stripped-down versions of older models
Tesla has officially recalled its Cybertruck after finding a flaw with the pedal. Approximately 3,878 vehicles are under the recall announced Friday. READ MORE: Elon Musk quietly confirmed that
Tesla customers claim they already paid for their Cybertrucks, with no delivery. Some were told that the problem involves the parts for the truck's accelerator. 'We do not have a clear direction just yet' a Tesla rep told an impatient customer. READ MORE:
Ross Gerber, the CEO of Gerber Kawasaki Wealth and Investment Management, expressed his skepticism about Musk's management style in light of the Cybertruck delivery delays. read more
Elon Musk may be living on borrowed time as CEO of Tesla, as the Cybertruck stalls and the stock falls. Why price cuts won't help.
Tesla CEO Elon Musk faces heightened pressure with Tuesday's earnings report to reassure investors that recent stumbles are simply unexpected speed bumps -- and not indications of a road to decline.The electric car maker, which enjoyed scorching growth for most of 2022 and 2023, has experienced setbacks that analysts say have raised the stakes for the first-quarter report.Tuesday's earnings and conference call are a moment of truth for Tesla and Musk, constituting one of the most important...
Tesla's sales are down. It's slashing car prices and laying off staff. Yet CEO Elon Musk remains bullish on a future that's self-driving and battery-powered.
Tesla chief Elon Musk has postponed a planned trip to India where he was to meet Prime Minister Narendra Modi and announce plans to enter the South Asian market, four people familiar with the matter say. Tesla and Modi’s office did not immediately respond to requests for comment. After Reuters reported his India trip plans […]
Tesla stock is priced for a mainstream, autonomous future, but the company faces strategic uncertainty, leadership troubles, and hardening competition.
Tesla announced global workforce reductions of "more than 10%" in an internal email Monday to staff from CEO Elon Musk, according to electric-vehicles.com, a specialist outlet, in a report later covered by Reuters.Newsweek has not seen the original email and was unable to verify its content. Tesla did not respond to a request for comment.The ContextThe reported layoffs come amid a tough start to the year for Elon Musk and his electric-vehicle company. Quarterly results released at the beginning...
A 56-year-old Tesla Model S driver said he was using Autopilot when he hit and killed someone on a motorcycle last week about 15 miles outside Seattle.The Washington State Patrol's affidavit said the driver was arrested on suspicion of vehicular homicide "based on the admitted inattention to driving," while on Autopilot mode and using a cell phone while driving, according to a CNBC report. The department did not respond to Business Insider's request for records.The driver told a Washington State...