The share price is in freefall. Sales are sliding at an accelerating rate as customers lose interest. The Chinese are…What to read next: Donald Trump’s U-turn could vindicate his Tory enthusiasts | Welsh Labour’s speeding U-turn shows devolution is beginning to grate | If Apple loses against China so will the West | The Bank of England can’t blame IT for its dodgy forecasts
(Bloomberg) -- Elon Musk’s underlings at Tesla Inc. are accustomed to chaos. It comes with the territory of working for a chief executive who sets exacting targets and often abruptly switches directions — whose biographer describes his more intense moods as “demon mode.”Most Read from BloombergElon Musk’s Robotaxi Dreams Plunge Tesla Into ChaosTikTok to Remove Executive Tasked With Fending Off US ClaimsTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayTesla Spends Weekend Cutting...
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.
Tesla shares surged 12% on Wednesday after CEO Elon Musk said the company plans to produce new affordable EV models by early 2025.
Musk’s announcement was aimed at calming nervous investors on Wall Street who were still trying to digest the company’s most recent earnings report.
Tesla board calls June 13 shareholder vote on Musk's pay and move to Texas.
Tesla has ended discounts on inventory across its electric vehicle lineup — even as sales for EVs have flagged — as part of a larger and vague plan by CEO Elon Musk to “streamline the whole Tesla sales and delivery system.” “It has become complex and inefficient,” Musk wrote in a post on X, the […] © 2024 TechCrunch. All rights reserved. For personal use only.
Tesla’s rocky year — plagued by price cuts, recalls and layoffs — continued Monday as shares of Elon Musk’s electric vehicle company dropped more than 3% ahead of Tuesday’s much-anticipated quarterly earnings. Tesla stock fell for the seventh straight day, closing at $142.05, its lowest price since closing at $133.42 on Jan. 20, 2023. Since
Tesla is voluntarily recalling nearly 4,000 Cybertrucks due to a problem with the accelerator pedal while Elon Musk recently dropped down the list of the world’s richest people.
The news that the truck's accelerator pedal can get stuck and cause a crash
Suge Knight doesn’t like Drake’s “Taylor Made Freestyle” diss to Kendrick Lamar. Not because it attacked Lamar, but because it put 2Pac and Snoop’s voices together on the song. Speaking on his Collect Call with Suge Knight podcast from Breakbeat Media, Suge said, “Putting him on a song and dissing Kendrick for everybody entertainment–that ain’t […] The post Suge Knight Says 2Pac’s Voice Next to Snoop’s on Drake’s Diss Track Isn’t a ‘Good Look’ first appeared on The Source.
Earnings miss notwithstanding, momentum continued to build for Tesla's stock, which was rallying 11% in after hours trading. That's in large part because the EV maker said it plans on adding to its lineup and marketing a cheaper EV as early as next year, while investing in robotaxis as well. These