Page 7 - Tesla

Tesla halts Model S, Model X orders in China as sales drop and tariffs bite

Tesla has removed the 'order now' option for Model S and Model X in China as it battles falling sales, rising local competition, and deepening US-China trade tensions

Tesla launches in Saudi Arabia with 1st showroom, service centre in Riyadh

Tesla has officially launched in Saudi Arabia, marking a new chapter in the company's global expansion after Elon Musk's troubled relationship with the kingdom but the Middle East country's extreme heat could pose a challenge for its electric vehicle performance and battery efficiency. Musk and Saudi Arabia have had a complicated history. Back in 2018, the Tesla CEO claimed he had secured funding from the kingdom's sovereign wealth fund to take the company private. That deal never happened, leading to lingering tensions. With the launch of its first showroom and service centre in Saudi capital Riyadh on Thursday, Tesla makes its long-anticipated entry into the Saudi market. The facility will offer models, including Model 3, Model Y and the Cybertruck, and pop-up stores are also opening in Riyadh, Jeddah, and Dammam. The Riyadh event drew a large and diverse crowd from content creators and car enthusiasts to visitors excited about Tesla's launch. It's a beautiful step we've been .

Tesla set to enter Saudi Arabia as Musk mends relations with the kingdom

The company will showcase its model lineup, plus prototypes of its Cybercab and the humanoid robot Optimus, at a launch event in Riyadh

'Boys will be boys': White House on Elon Musk vs Peter Navarro tariff clash

Peter Navarro rejected Elon Musk's call for 'zero tariffs' with Europe, labelling him a 'car assembler'. Musk fired back, calling Navarro a 'moron'

Tariffs take a toll: Musk's wealth drops below $300 bn amid market slump

Elon Musk's net worth dips to $298 billion after Trump's tariff move triggers global market selloff; Tesla stock plunges over 50 per cent, wiping out 2025 gains

Tesla's entry will boost India EV market, competition not a concern: BMW

BMW Group India is unfazed by the prospect of Tesla entering the electric vehicle market here and feels it will help grow the segment, according to its Managing Director and CEO Vikram Pawah. The group, which sold a total of 1,249 units of electric cars in India across two brands -- BMW and MINI -- has already sold 646 units in the first quarter of 2025 and is keeping its forecast of 15 per cent of its total sales in India coming from EVs, Pawah told PTI in an interview. "I think the market should grow. Anytime there's more competition, we've seen that the market grows," he said when asked how BMW is looking at how the EV market will shape up with Tesla entering India. When asked about competition from the American electric car maker, Pawah said,"In all the markets in the world, we coexist. We all coexist and you can see last year figures worldwide, we were the ones who were growing. We grew in electric sales worldwide." Not many manufacturers can talk about growth in electric

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

Elon Musk sees Tesla as 'buying opportunity' despite DOGE blowback

Political backlash from Musk's recent political forays in the US and around the world have weighed on Tesla at home and abroad

When is Elon Musk planning to quit DOGE? Here's what Tesla chief said

Earlier this month, US President Donald Trump hinted that Elon Musk doesn't plan on continuing his role in DOGE for long

Protesters rebelling against Musk's purge of US govt swarm Tesla showrooms

Crowds protesting billionaire Elon Musk's purge of the US government under President Donald Trump began amassing outside Tesla dealerships throughout the US Saturday in the latest attempt to dent the fortune of the world's richest man. The protesters are trying to escalate a movement targeting Tesla dealerships and vehicles in opposition to Musk's role as the head of the newly created Department of of Government Efficiency, or DOGE, where he's gained access to sensitive data and shuttered entire agencies as he attempts to slash government spending. Most of Musk's estimated USD 340 billion fortune consists of the stock he holds in the electric vehicle company that he continues to run while also working alongside Trump. Earlier protests have been somewhat sporadic. Saturday marked the first attempt to surround all 277 of the automaker's showrooms and service centres in the US in hopes of deepening a recent decline in the company's sales. By early afternoon, crowds ranging from a few

Man accused of setting fire to Tesla vehicles in Las Vegas arrested: Police

A man who set fire to Tesla vehicles in Las Vegas and painted the word "resist" for authorities to find at the scene has been arrested, police said on Thursday. Paul Hyon Kim, 36, faces charges in connection with the March 18 attack in both state and federal court. He was taken into the custody of the federal government on Thursday. In state court, Kim is facing charges of arson, possession of an explosive device and firing a weapon into a vehicle, Clark County Sheriff Kevin McMahill said at a news conference. Kim is also charged with federal unlawful possession of an unregistered firearm and arson, according to a criminal complaint. He is scheduled to appear in the US district court in Las Vegas later on Thursday. An attorney for Kim who could comment on his behalf was not listed on Thursday in court records. Security video played at the news conference showed the suspect, dressed in black and covering his face, paint the word "resist" across the glass doors of a Tesla service ce

Trump calls auto tariffs 'maybe good for Tesla,' Musk says 'not unscathed'

The auto tariffs are set to take effect on April 2, with collection beginning April 3, as confirmed by the White House

Tesla to start sales in Saudi next month as Musk and the Kingdom mend ties

The dispute started when Musk tweeted in 2018 he had "funding secured" to take Tesla private after meeting Saudi Arabia's sovereign wealth fund. But the deal didn't materialise

Trump calls Musk a 'friend' in meeting, says he never asked for anything

Trump's acknowledgment of his friendship comes at a time when DOGE chief Musk has been facing several setbacks

Delhi HC to hear Musk's Tesla infringement suit against India's Tesla Power

Tesla Inc had filed a trademark infringement suit in the Delhi High Court on May 2 last year against Gurugram-based Tesla Power India

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

BYD's sales soar as Chinese auto giant captures world's attention

Shenzhen-based BYD reported revenue of 777 billion yuan ($107 billion) for the 12 months ended Dec. 31

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 .

Musk says conspiracy to kill him and destroy Tesla at play; slams attacks

Elon Musk and his EV company Tesla have been at the centre of controversies and protests ever since he expressed his support for Donald Trump