Page 20 - Tesla

Tesla investors brace for potential back-to-back vehicle sales decline

The carmaker faces a tough year-ago comparison in the current period, Ben Kallo, who rates Tesla's stock the equivalent of a buy, said in a note published Tuesday

New energy vehicles to account for 50% of China's car sales by 2030

The rating agency also anticipated the automobile industry to contribute 4.5 to 5 per cent of China's nominal GDP by 2030, offsetting weaknesses in other sectors like real estate

Tesla settles lawsuit over man's death in crash involving its Autopilot

Tesla has settled lawsuit brought by the family of a Silicon Valley engineer who died in a crash while relying on the company's semi-autonomous driving software. The size of the settlement was not disclosed in court documents filed Monday, just a day before the trial stemming from the 2018 crash on a San Francisco Bay Area highway was scheduled to begin. The family of Walter Huang filed a negligence and wrongful death lawsuit in 2019 seeking to hold Tesla and, by extension, its CEO Elon Musk liable for repeatedly exaggerating the capabilities of Tesla's self-driving car technology. They claimed the technology, dubbed Autopilot, was promoted in egregious ways that caused vehicle owners to believe they didn't have to remain vigilant while they were behind the wheel. Evidence indicated that Huang was playing a video game on his iPhone when he crashed into a concrete highway barrier on March 23, 2018. After dropping his son off at preschool, Huang activated the Autopilot feature on h

Tesla's low quarterly sales spark concerns over company's future growth

The growth issue around Tesla has become so sensitive, that a report on Friday saying the company was getting rid of its low-cost EV plans which were considered key to fixing its demand problem

Tesla scraps low-cost car plans amid Chinese EV competition; Musk denies

The automaker will continue developing self-driving robotaxis on the same small-vehicle platform, the sources said

Tesla accused in suit of wage law violations against California workers

Tesla is also facing claims that CEO Elon Musk violated workers' labor rights by suggesting in a 2018 tweet that employees would lose stock options if they unionized

Tesla seeks support from Apple to prove driver killed in crash was gaming

The two sides are sparring over whether Tesla can call an Apple engineering manager as a witness for a two-month trial set to start next week in state court in San Jose

Telangana govt holds discussions with Tesla to set up electric car plant

The Telangana government is holding discussions with Tesla by putting in all efforts to establish their plant in the state, Industries Minister D Sridhar Babu said on Thursday. In a message on X Sridhar Babu said since December 2023 the state government has been actively focusing on major investment opportunities by global giants, and as part of its focus, Tesla's planned investment initiatives in India are also being tracked. We have been studying and tracking Tesla's planned investment initiatives in India. We have been making all out efforts to bring Tesla to Telangana for some time... Our team is continuing the dialogue and discussions with Tesla by putting in all efforts for Tesla to establish their plant in Telangana, he said. Telangana with its Industry friendly policy, is working with a progressive and futuristic vision by creating a world class Infrastructure and hassle-free permissions system to enable best-in-class companies like Tesla to do business in Telangana, he ...

Why has Tesla stock tanked over 33% in 3 months? Here are 4 key reasons

Even before the sales numbers were unveiled, traders were aggressively selling off Tesla stock. The sell-off was attributed by analysts to a cooling-off in the electric vehicle (EV) market

4 Reasons why Tesla shares are falling since January 2024

The Tesla stock price has plummeted by more than 33 per cent in calendar year 2024 (CY24) to around $170 levels now, marking the electric vehicle giant as the worst performer in the Nasdaq

Tesla to scout locations for $2-3 billion electric car plant in India

The US EV firm had demanded tariff cuts, concessions as a prerequisite for investment

BYD hands back top EV seller title to Tesla after Q1 sales decline

Tesla's decline comes amid softer overall demand and a slowdown in the Chinese market where local rivals led by BYD upped the ante in a price war for buyers

Tesla misses sales estimates in first drop since 2020, shares decline 5.5%

Shares of Tesla fell 5.5% to $165.54 as of 9:33 a.m. in New York. The stock is down about 33% this year

Smartphone giant Xiaomi begins assault on Tesla, $200 bn EV market in China

Billionaire co-founder Lei Jun has called the challenge his final major endeavour, testing Xiaomi's ability to crack a crowded market for a second time with its technological capabilities

Chinese firm which stole Tesla battery tech, peddled it on YouTube, says US

The US alleges Pflugbeil and another defendant started selling Tesla's proprietary battery production technology from their own startup in China

Is new EV policy doing enough to lure Tesla to make electric cars in India

Domestic players such as Tata Motors and Mahindra & Mahindra opposed any move to reduce duties on fully-built cars

New scheme for electric vehicles may put global majors in fast lane

While Vinfast has already announced an investment of Rs 4,000 crore to set up an electric vehicle (EV) plant in Tamil Nadu, Tesla's next move will be watched carefully

India approves new EV policy in boost to Tesla's market entry plans

New policy mandates companies to invest a minimum of $500 million in the country and will allow them three years to set up local manufacturing for EVs

Tesla investors write to judge who voided Elon Musk's mega-pay plan

The state judiciary's ethics code "prohibits me from considering" the letters from non-parties in the litigation "who claim to hold stock in Tesla,"she wrote to lawyers on both sides

Tesla, major automakers get low marks for autopilot-driving technology

The IIHS, a safety research arm of the insurance industry, also said there is no evidence that Autopilot or other assisted-driving systems have real-world safety benefits, based on crash data.