Page 30 - Tesla

Tesla continues to dominate US EV market with a share of over 50%

Elon Musk-run Tesla remains the market leader in the electric vehicle (EV) market in the US with more than 50 per cent share, selling more cars than the other 17 automotive groups combined

Tesla Model Y outperforms and becomes the best-selling car in Europe

Tesla Model Y becomes the best-selling car in Europe in February, as Tesla lowered its price by 20% from $65,990 to $52,990

Tesla sets record with 422,875 car deliveries after slashing EV prices

Tesla Inc. delivered 422,875 cars worldwide in the first quarter, setting a record after it cut prices to appeal to consumers buffeted by rising interest rates and faster inflation

How Elon Musk's empire has made him a problem for the Biden administration

Elon Musk's unilateral decision-making, which more often than not is opposite to the official stance of the US, has caused a headache for the Biden government, and it is difficult to shrug off

US regulators investigates Tesla for steering wheels that can fall off

US auto safety regulators have opened an investigation into Tesla's Model Y SUV after getting two complaints that the steering wheels can come off while being driven. The National Highway Traffic Safety Administration says the probe covers an estimated 120,000 vehicles from the 2023 model year. The agency says in both cases the Model Ys were delivered to customers with a missing bolt that holds the wheel to the steering column. A friction fit held the steering wheels on, but they separated when force was exerted while the SUVs were being driven. The agency says in documents posted on its website on Wednesday that both incidents happened while the SUVs had low mileage on them. Investigators look at how often the problem happens, how many vehicles were affected and at Tesla's manufacturing process. The Model Y is Tesla's top-selling vehicle. Messages were left seeking comment from Tesla, which has disbanded its media relations department. In one complaint filed with NHTSA, an owne

$50 billon lost in just minutes as Tesla's stock tumbles over 8%

Investor Day disappoints as firm says it would cut EV production costs by 50%, and remains silent on the much-awaited affordable car

Twitter seeks to sublease NYC office space as Elon Musk cuts costs

Twitter recently listed nearly 200,000 square feet (19,000 square meters) of space for sublease at 245 and 249 W. 17th St. in Manhattan, according to data from real estate brokerage Savills

Elon Musk rides on Tesla to become world's richest person, again

Net worth was at $187.1 billion as of market close on Monday, just topping the $185.3-billion fortune of Arnault

Elon Musk returns to the top, becomes richest person on the planet again

The rise in Musk's wealth can be attributed to the rally in Tesla stocks that has outpaced the rally in the Nasdaq 100 Index so far this year

Musk trial win a 'non sequitur' in Twitter sitter sase, says US SEC

The judge handling the SEC case has refused to let Musk out of the deal, prompting the Tesla CEO to appeal to the 2nd US Circuit Court of Appeals

Tesla continues investment in US, announces engineering HQ in California

The announcement was made by Tesla CEO Elon Musk on Wednesday along with California Governor Gavin Newsom, who called it "another proof point of the renewable energy vibrancy that is California"

Tesla board misrepresented Elon Musk's $55 billion pay package, says lawyer

Board members filled proxy disclosures with "half-truths" about the package, which would be the largest-ever awarded to a CEO, the lawyer, Greg Varallo, said Tuesday

Tesla now cheaper than average new car in the US, says report

Even before those cuts, it was the third best-selling SUV in the US last year, after the Toyota RAV4 and the Honda CR-V

Tesla considering takeover of battery-metals miner Sigma Lithium Corp

Sigma Lithium is one of multiple mining options Tesla is exploring as it mulls its own refining

Tesla recalls 362,000 US vehicles over Full Self-Driving software

The recall covers 2016-2023 Model S and Model X vehicles, 2017-2023 Model 3, and 2020-2023 Model Y vehicles equipped with FSD Beta software or pending installation

Musk-owned Tesla adjusts its EV pricing for 4th time in US in over a month

Elon Musk-owned Tesla has adjusted the pricing for its electric vehicle in the US for the fourth time in just over a month

Electric vehicles likely to equal petrol cars in price this year: Report

The tipping point when EVs become as cheap or cheaper than cars with internal combustion engines could arrive this year for mass market models and is already the case for some luxury vehicles

Tesla hikes price of Model Y over 2% after US alters tax credit rule

Tesla has raised prices on its Model Y in the US, apparently due to rising demand and changes in US government rules that make more versions of the small SUV eligible for tax credits. The Austin, Texas, electric vehicle company bumped up the price of the Model Y Long Range version by about 2 per cent to USD 54,990 and the Performance version by about 2.7 per cent to USD 57,990, according to its website. The prices exclude shipping and an order fee. The moves, made Friday, come three weeks after Tesla cut prices nearly 20 per cent on some versions of the Model Y, the company's top-selling vehicle. The price cuts were made to boost sagging demand, and also to make more versions of the Model Y eligible for the USD 7,500 electric-vehicle tax credit in the Inflation Reduction Act. The full tax credits will be available at least into March. On Friday, The Treasury Department revised vehicle classification definitions to make more EVs including SUVs made by Tesla, Ford and General Motors

Tesla's Elon Musk listens while vilified, hailed as tweet trial ends

As he sat stoically in court, Elon Musk on Friday was both vilified as a rich narcissist whose reckless behaviour risks anarchy and hailed as a visionary looking out for the little guy. The contrasting portraits of the enigmatic billionaire came during closing arguments in a trial focused on whether Musk's tweeting in 2018 misled Tesla shareholders, steering them in a direction that they argue cost them billions of dollars. The three-week trial has pitted Tesla investors represented in a class-action lawsuit against Musk, who is CEO of both the electric automaker and the Twitter service he bought for USD 44 billion a few months ago. After three hours of arguments wrapped up Friday, a nine-person jury began its deliberations in the civil case centred on two tweets Musk posted August 7, 2018 about a Tesla buyout that never happened. The first tweet, posted just before he boarded his private jet, Musk declared he had funding secured to take Tesla private. A few hours later, Musk sent

Tesla's Musk found not liable in trial over 2018 'funding secured' tweets

Shares of Tesla rose 1.6% in after-hours trading following the verdict