Page 12 - Tesla

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

Musk's X, Google yet to apply for Malaysia's new social media licence

X said the number of its users in Malaysia did not meet the eight million threshold required to obtain a licence

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

Driver expressed desire to kill before New Orleans rampage, says Biden

The FBI said it was investigating the attack early Wednesday as a terrorist act and did not believe the driver acted alone

Firework mortars inside Tesla that exploded outside Trump's Las Vegas hotel

One person died and seven others were injured when a Tesla Cybertruck that appeared to be carrying fireworks caught fire and exploded outside President-elect Donald Trump's Las Vegas hotel, authorities said. Las Vegas Metropolitan Police and Clark County Fire Department officials told a news conference that a person died inside the futuristic-looking pickup truck and they were working to get the body out. Seven people nearby had minor injuries and several were taken to a hospital. The fire in the valet area of the Trump International Hotel Las Vegas was reported at 8:40 am on Wednesday, a county spokeswoman said in a statement. According to a law enforcement official, the truck was rented via the Turo app and appeared to have a load of fireworks. The official spoke on condition of anonymity because they were not authorized to speak publicly. Law enforcement officials have not ruled out terrorism as a possible motive, a person familiar with the matter said. The person spoke on ...

Musk alleges link between Cybertruck explosion and New Orleans attack

Tesla CEO clarified on X that the explosion was caused by fireworks or a bomb carried in the bed of the rented Cybertruck, not by the vehicle itself

China's BYD chalks up new record in EV sales, narrows gap with Tesla

The Shenzhen-based carmaker, which stopped making vehicles entirely powered by fossil fuels in 2022, hit a new monthly sales record in December, spurred on by subsidies

Nvidia CEO Jensen Huang sees $76 bn wealth surge, trails Musk, Zuckerberg

Nvidia CEO Jensen Huang gained $76 bn in 2024, driven by Nvidia's AI dominance. With a $115 bn net worth, he ranks third in wealth growth, trailing Musk and Zuckerberg

Musk's Tesla restarts search for showroom space in New Delhi with DLF

It was not immediately clear whether Tesla will consider importing cars at the tax rate of as high as 100 per cent or if it will make investment commitments under India's new policy

Xiaomi shows off YU7 SUV for summer in big EV expansion, to take on Tesla

An SUV would mark a big expansion of Xiaomi's $10 billion EV endeavor, spearheaded personally by Lei

US judge who rejected Musk's $56 bn pay deal faces social media backlash

McCormick, the Delaware Chancery Court's chief judge, is an old hand at dealing with Musk-related backlash. In January she got an earful from critics, both in online posts and letters to her chambers

A US judge just blocked Elon Musk's $56 bn pay deal: Here's what happened

A massive $56 billion pay package of Elon Musk was blocked by a Delaware judge, sparking a fierce legal showdown as Tesla vows to fight back in court

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

No discussion yet on investments by Tesla, Starlink in India, says Goyal

Commerce and Industry Minister Piyush Goyal on Thursday said that no discussion has taken place with regard to investments by American tech billionaire Elon Musk-owned Tesla and Starlink. Goyal, who was addressing a press conference here in the Capital, stated that as both issues were handled by different ministries, he had no personal knowledge of what was happening. "We haven't had any discussions to the best of my knowledge...," the minister said while responding to a query regarding any update on possible investment by Tesla and Starlink. Goyal further said, "...but both these subjects are handled in different ministries. The Heavy Industries Ministry looks after automobiles and Starlink will be handled by the Space Department. So, I don't have personal knowledge of what is happening ..." Earlier in April, Musk had pulled out from a much-hyped planned visit to India, including a meeting with Prime Minister Narendra Modi, at the last moment citing "very heavy Tesla obligations".

Jeff Bezos hits back at Musk in sniping over Tesla, SpaceX holdings

It's the latest tit-for-tat between the world's two richest individuals, whose businesses compete in the commercial space industry

'Jeff Bezos advised selling Tesla stocks thinking Trump would lose': Musk

Donald Trump is set to assume office on January 20 and has been naming his picks for key administrative roles. The list also features Musk, who will co-lead DOGE to make the US govt more 'efficient'

Elon Musk, Vivek Ramaswamy to lead Dept of Government Efficiency: Trump

US President-elect Donald Trump on Tuesday announced that Tesla owner Elon Musk and Indian American entrepreneur Vivek Ramaswamy will lead the Department of Government Efficiency or DOGE. "I am pleased to announce that the Great Elon Musk, working in conjunction with American Patriot Vivek Ramaswamy, will lead the Department of Government Efficiency (DOGE)," Trump announced. Ramaswamy is the first Indian American to have been tapped by Trump into his administration beginning January 20 next year. "Together, these two wonderful Americans will pave the way for my administration to dismantle government bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure federal agencies -- essential to the 'Save America' Movement," he said. "This will send shockwaves through the system, and anyone involved in government waste, which is a lot of people!" stated Musk, as per the statement issued by Trump. The US President-elect said this will become, potentially, "The ...

Musk's Starlink has to comply with all rules for licence in India: Scindia

Elon Musk-owned Starlink will have to comply with all norms to get licence for services in India, Union telecom minister Jyotiraditya Scindia said on Tuesday. The minister said the satellite internet services provider is in process of completing all the requirements and they will get licence once they complete the process. "They (Starlink) have to comply with all rules to get the licence. You have to look at it from security perspective as well. They are in process of doing it. Once all requirements are met they will get the licence," Scindia told reporters. He was replying to a question on status of licence for Starlink. At present, the government has issued licence to Bharti Group-backed OneWeb and Jio-SES joint venture, Jio Satellite Communications.

China's BYD closing in on Ford deliveries after besting Tesla on revenue

The extraordinary sales volumes being pumped out by China's best-selling car brand means BYD has a shot at beating Ford

Elon Musk moves all X lawsuits to 'conservative' Texas court; here's why

This shift is seen by experts as a strategic move, known as "forum shopping", aimed at securing more favourable outcomes in a court district aligned with conservative viewpoints