"If interest rates remain high ... it's that much harder for people to buy the car. They simply can't afford it," he said on a conference call with analysts
Tesla has released an over-the-air (OTA) software update, free of charge, to fix the issue, the National Highway and Traffic Safety Administration (NHSTA) said
China's best-selling car brand came within a whisker of toppling Tesla last quarter after factory downtime led to the US automaker's first delivery decline in more than a year
Including hybrids, Shenzhen-based BYD sold a total 822,094 vehicles for another record quarter, helping it cement its lead as China's best-selling car brand
The ruling marks a significant victory for Tesla, as it means the company will not have to face class action claims on behalf of much larger groups of vehicle owners
The electric-vehicle maker handed over 435,059 vehicles in the three months to Sept. 30, down nearly 7% from the preceding quarter
Last year, Elon Musk posted a series of tweets which showed that Twitter had 254.5 million daily active users
VinFast Auto became the world's third largest automaker by market capitalisation behind Tesla and Toyota in August
The probe that European Commission President Ursula von der Leyen made public on Sept. 13 has the potential to reshape the competitive dynamics within the world's second-largest EV market, after China
Musk-led firm plans to source parts worth $1.9 billion from India this year, says Goyal
Piyush Goyal's comments come as US EV maker Tesla continues talks with Narendra Modi's administration on the possibility of building a factory in India.
The minister said that going forward, demand for electric vehicles will increase and it will help in pushing the growth of the sector
The billionaire owner of X, formerly known as Twitter, has a long list of wealthy, powerful advisors he habitually ignores, according to Walter Isaacson's new biography
The electric-vehicle maker (EV) started production of the supercomputer used to train artificial intelligence (AI) models for self-driving cars in July and plans to spend more than $1 billion on Dojo
There were signs that China's intense EV price war, which has eaten into automakers' margins, was starting to abate in June and July but Friday's action has cast doubt over that
Musk in December 2021 called for the Biden administration to get rid of the incentives, citing concerns about government spending and the deficit
Vehicle range also being probed
Tesla is allowing some drivers use its Autopilot driver-assist system for extended periods without making them put their hands on the steering wheel, a development that has drawn concern from US safety regulators. The National Highway Traffic Safety Administration has ordered Tesla to tell the agency how many vehicles have received a software update making that possible and it's seeking more information on what the electric vehicle maker's plans are for wider distribution. NHTSA is concerned that this feature was introduced to consumer vehicles, and now that the existence of this feature is known to the public, more drivers may attempt to activate it, John Donaldson, the agency's acting chief counsel, wrote in a July 26 letter to Tesla that was posted Wednesday on the agency's website. The resulting relaxation of controls designed to ensure that the driver remain engaged in the dynamic driving task could lead to greater driver inattention and failure of the driver to properly ...
If China were to confiscate assets of Hon Hai Precision Industry Co., it would hurt the interests of major global pension funds, and "no foreign investor will dare to invest," he said
Musk made the comments during an October conversation with Colin Kahl, then the Pentagon's top policy official, about Ukrainian forces losing connection to Space X's Starlink service