China, the world's largest electric vehicle (EV) market, is expected to see a slower growth rate in electric cars sales this year, spelling trouble for major players like Tesla and local competitor BYD. More than half of Tesla's sales come from the communist country, adding more problems to the company which is the worst performing stock in the S&P 500 this year.
Reuters reported Tesla scrapped its Robotaxi plan. Elon Musk tweeted otherwise. We'll see come August.
A standoff between Elon Musk and Brazil escalated on Sunday when a Supreme Court judge opened an inquiry into the billionaire after Musk said he would reactivate accounts on the social media platform X that the judge had ordered blocked. Musk, the owner of X and a self-declared free speech absolutist, has challenged a decision by Justice Alexandre de Moraes ordering the blocking of certain accounts. He has said X, formerly known as Twitter, would lift all the restrictions because they were...
A strike by Tesla mechanics in Sweden, among the country's longest labour disputes, continues to disrupt operations, a union said on Wednesday, and is drawing scrutiny from investors despite Elon Musk saying the storm is over. For months Tesla has been under pressure in the Nordics, with sympathy actions since October backing Swedish IF Metall's mechanics' demand for a collective agreement. Postal workers, garbage collectors, repair centres, port workers, electricians, and cleaners are among...
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...
Hamilton, Halton, Niagara and area news from CHCH - Hamilton, Halton, and Niagara news.. Big tech and the Brazilian court system are “colliding” in South America. Brazil’s supreme court says it’s launching a probe into billionaire Elon Musk and his social media platform “X” – after Musk said he would lift restrictions on certain accounts that were ordered to be blocked. Musk called the move “unconstitutional” and appears to […]
The deal, if approved by shareholders and judges, would be the largest in corporate America.
The EV company keeps pushing its “next phase of growth” message, but it’s getting harder to look past a slump in vehicle sales and its unexciting lineup.
With early glitches plaguing Tesla Cybertruck, questions are mounting over rushed production. After floating around the rumour mill for over two years, the Cybertruck was finally announced in November last year.Sporting a unique triangular body design, the Cybertruck was first introduced as a concept vehicle in November 2019. Tesla's battery electric medium-duty full-size pickup truck has been making headlines for the wrong reasons lately.Tesla Owners' Club forum is teeming with tales of the...
Tesla CEO Elon Musk posted "Tesla Robotaxi unveil on 8/8" on X, formerly Twitter, last week. abut Tesla's autonomous taxi, here.