Tesla CEO Elon Musk's interest in launching robotaxis in Saudi Arabia comes at a time when the Kingdom's transport authority has already signed MoU with Uber to roll out self-driving cars by 2025
Prashanth Menon's resignation comes as Tesla plans entry into Indian markets
Another application by Tesla to trademark the term "Robotaxi" for its upcoming ride-hailing service is still under examination by the office, the report said
Tesla sales plunged by more than half last month in several European countries in a sign that Elon Musk could struggle to revive the company after he shifts from his Washington work to running the automaker again. Tesla sales collapsed in April by more than two-thirds from a year earlier in Sweden, the Netherlands and Denmark, according to auto groups and government agencies Friday. Sales at the Austin, Texas, company dropped by 59% in France and 38% in Norway. The countries are not major drivers of sales overall, but they are the first to report April results and thus a foretaste of possible trouble elsewhere as Tesla reels from protests and boycotts over Musk wading into politics. In Germany, where he told voters their country was lost if they didn't vote for a candidate widely derided for her extreme views, sales plunged 62% in the first three months this year. German sales for April are not out yet. Financial analysts covering Tesla are worried about the Musk backlash but cauti
US President Donald Trump praised Elon Musk for saving $160 bn through DOGE as he bid him farewell. Musk hinted at shifting focus back to Tesla
Tesla CFO Vaibhav Taneja said that 100% import tariffs create anxiety
The bigger problem is that Tesla's ageing vehicle lineup has collided with increasing competition, something that Musk's DOGE duties compounded but did not create
Telecom Minister Jyotiraditya Scindia on Tuesday threw his weight behind having more players in satellite internet space, saying the service was needed particularly in the rural and underserved areas of the vast market that is India. The government has already granted licences to firms backed by billionaires Mukesh Ambani and Sunil Bharti Mittal to offer satellite internet services, and Scindia indicated more may be granted if players meet security and regulatory norms. The minister's statement is a positive one for Elon Musk's Starlink that has aspirations to operate in the world's most populous nation. Starlink, which had been vying for an India licence for sometime now, last month signed pacts with Ambani's Reliance Jio and Mittal's Bharti Airtel -- which together control more than 70 per cent of the country's telecom market -- to bring the US satellite internet giant's services to India. Citing the licences granted to Bharti Group-backed Eutelsat OneWeb and Jio Satellite ...
After Tata Electronics, Tesla has held discussions with Mumbai-headquartered CG Semi for potential chip sourcing
Elon Musk confirmed he will visit India later this year, as Tesla prepares to launch its electric vehicles in the country
The White House, in a statement about the protests, said President Trump's position is clear: He will always protect Social Security, Medicare, and Medicaid for eligible beneficiaries
There have been some instances of unruly protests and vandalism in Europe. But much of the anti-Musk sentiment has taken the form of political satire
Trump has tasked the Tesla and SpaceX CEO with leading efforts through his Department of Government Efficiency to cut government funding and dismantle various US agencies
Last year, Musk forecast 20 per cent to 30 per cent sales growth in 2025, promising to launch an affordable vehicle in the first half of the year
Political backlash from Musk's recent political forays in the US and around the world have weighed on Tesla at home and abroad
Earlier this month, US President Donald Trump hinted that Elon Musk doesn't plan on continuing his role in DOGE for long
Crowds protesting billionaire Elon Musk's purge of the US government under President Donald Trump began amassing outside Tesla dealerships throughout the US Saturday in the latest attempt to dent the fortune of the world's richest man. The protesters are trying to escalate a movement targeting Tesla dealerships and vehicles in opposition to Musk's role as the head of the newly created Department of of Government Efficiency, or DOGE, where he's gained access to sensitive data and shuttered entire agencies as he attempts to slash government spending. Most of Musk's estimated USD 340 billion fortune consists of the stock he holds in the electric vehicle company that he continues to run while also working alongside Trump. Earlier protests have been somewhat sporadic. Saturday marked the first attempt to surround all 277 of the automaker's showrooms and service centres in the US in hopes of deepening a recent decline in the company's sales. By early afternoon, crowds ranging from a few
Tesla's new vehicle sales have plunged 72% in Australia and 76% in Germany, while its share price has dropped over 50% since December 2024, amid growing calls for Musk to step down as CEO
The warning comes amid a rise in attacks on Tesla showrooms, cars, and charging stations following the appointment of CEO Elon Musk as head of the Department of Government Efficiency
US safety regulators have recalled virtually all Cybertrucks on the road, the eighth recall of the Tesla-made vehicles since deliveries to customers began just over a year ago. The National Highway Traffic Safety Administration's recall, which covers more than 46,000 Cybertrucks, warned that an exterior panel that runs along the left and right side of the windshield can detach while driving, creating a dangerous road hazard for other drivers, increasing the risk of a crash. The stainless-steel strip, called a cant rail assembly, between the windshield and the roof on both sides, is bound to the truck's assembly with a structural adhesive, the NHTSA report said. The remedy uses an adhesive that's not been found to be vulnerable to environmental embrittlement, the NHTSA said, and includes additional reinforcements. Tesla will replace the panel free of charge. Owner notification letters are expected to be mailed May 19, 2025. The recall of 46,096 Cybertrucks covers all 2024 and 2025 .