Page 2 - Tesla Motors

Tesla sales plunge 13% to nearly three-year low amid growing challenges

The stumbling sales during the first quarter indicate that the one-time leading brand is reeling from the fallout of the company delaying launches for years, and Musk's foray into politics

Tesla first-quarter sales fall 13% amid backlash against Musk, weak demand

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

FBI, ATF form task force to investigate Tesla vandalism, arson cases

The incidents come amid escalating backlash against Tesla CEO Elon Musk and his role in President Donald Trump's administration

Tesla woes, Trump tariff protests suggest consumer boycotts taking effect

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

Regulators recall nearly all Tesla cybertrucks over safety concerns

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 .

Tesla cars torched,owners data leaked:Anti-Musk protests escalate in the US

Arson attacks on Tesla and a doxing website exposing owners' data fuel growing protests against Elon Musk's ties with the Trump administration, prompting an FBI probe

Toronto excludes Tesla vehicles from EV incentive due to US trade war

Toronto is promoting the adoption of EVs purchased as vehicles for hire by giving drivers and owners a reduction in licensing fees and renewal fees until the end of 2029, to help it lower emissions

Tesla warns it faces retaliation, costs from escalating Trump trade war

The electric-car maker warned the administration this week that any such actions could drive up manufacturing costs and make its vehicles less competitive in international markets

Tesla seeks first approval to offer robotaxi service in California

esla would need additional permits from the California DMV and CPUC in order to operate the service without safety drivers in the vehicles, or to charge customers

Tesla robotaxis by June? Musk turns to Texas for hands-off regulation

Such comments often leave investors guessing what Tesla will actually deliver, and when, said Brian Mulberry, client portfolio manager at Zacks Investment Management, a Tesla investor

Tesla registrations drop 63% in France amid rising competition in EU

Tesla's sales plummeted 41% last year in Germany, while overall battery-electric vehicle sales declined 27%. The Federal Motor Transport Authority is scheduled to report January results on Wednesday

Tesla gears up for 2025: Low-cost EVs, autonomous cars to hit US roads

Electric automaker Tesla is set to roll out affordable EVs and launch a paid autonomous car service in 2025, focusing on cost cuts and innovation despite a dip in vehicle deliveries last year

Tesla records 1.1% sales drop for 2024, first annual decline in 9 years

Tesla's global sales rose 2.3 per cent in the fourth quarter after a sluggish start to the year that contributed the electric car company's first year-over-year sales decline since at least 2015. The annual decline for the Austin, Texas, company came despite offers such as 0 per cent financing, free charging and low-priced leases. Tesla delivered 495,570 vehicles from October through December, boosting deliveries to 1.79 million for the full year. But that was 1.1 per cent below 2023 sales of 1.81 million as overall demand for electric vehicles in the US and elsewhere slowed. The fourth-quarter boost came with a cost. Analysts polled by FactSet expected Tesla's average sales price to fall to just over USD 41,000 in the quarter, the lowest in at least four years. That doesn't bode well for Tesla's fourth-quarter earnings, which the company said it would announce on January 29. In 2022, Tesla predicted that its sales would grow 50 per cent most years, but the prediction ran into an

China's BYD chalks up new record as it narrows EV sales gap with Tesla

On BYD's December data, it will fall just shy of surpassing Tesla in annual sales

JPMorgan agrees to drop lawsuit against Tesla over stock warrants

The move to drop the lawsuit was announced in a one-page court filing by both companies in a Manhattan court

Elon Musk unveils robotaxi, seen as key to Tesla's long-term growth

Eyes will also be on progress the company has made with the partial automation software it markets as Full Self-Driving that company watchers expect to underpin its robotaxis

Tesla's China-made EV sales grow 19.2% in Sept, sells over 72K vehicles

Tesla sold more than 72,000 EVs in China's domestic market, up 66 per cent year-on-year, its best month this year, according to a company statement on Thursday

MG Motor plans to build manufacturing plant, R&D centre in Mexico

It did not mention the United States, but added that sister brand IM, a luxury electric-vehicle line, also plans to enter the Mexican market

Tesla recalls over 1.8 mn vehicles in US due to software failure risk

The recall applies to certain 2021-2024 Model 3, Model S, Model X, and 2020-2024 Model Y vehicles, the regulator said

'Tesla's loss, not India's': Ola CEO Bhavish Aggarwal on Tesla's pullback

Elon Musk's Tesla has not responded to inquiries from officials in New Delhi and is no longer expected to invest in India