Tesla

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Tesla's Biggest Supporters 'Are Pushing the Panic Button'

Elon Musk's Cybertruck gamble could be his company's undoing, per Mashable's Chris Taylor

(Newser) - During an October earnings call, Tesla CEO Elon Musk joked "we have dug our own grave with the Cybertruck." That's suddenly "looking like less of a joke for Tesla," with every Cybertruck in America recalled , dismal Cybertruck sales overall, and profits down 55%, according to...

Tesla Says It Will Start Making More Affordable Models Soon

Company's stock jumps despite 55% drop in income

(Newser) - Tesla's first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would move up production of new, more affordable vehicles. The Austin, Texas, company said it made $1.13 billion from January through March compared with $2.51 billion in...

Stocks Claw Back Some of Last Week&#39;s Losses
Stocks Claw Back Some
of Last Week's Losses
MARKETS
Apr 22, 2024 3:42 PM CDT

Stocks Claw Back Some of Last Week's Losses

There's a big week of earnings reports ahead

(Newser) - On Monday, US stocks clawed back some of their losses from last week.
  • The S&P 500 rose 43.37 points, or 0.9%, to 5,010.60, to recover more than a quarter of last week's rout.
  • The Dow Jones Industrial Average rose 253.58 points, or 0.
...

Amid Rocky Tesla Times, a Big Day Looms
Amid Rocky
Tesla Times,
a Big Day
Looms
the rundown
Apr 22, 2024 8:49 AM CDT

Amid Rocky Tesla Times, a Big Day Looms

Tuesday's earnings report is expected to be bad, and to hint at a new strategy

(Newser) - Tesla has followed up price cuts in the US with similar ones in China, Germany, and elsewhere around the world, reports Reuters . It's only the latest sign that Elon Musk's company is facing one of its most turbulent stretches ever. Others include big layoffs amid slumping sales worldwide,...

Tesla Ended Its Tough Week With Price Cuts

Company knocked $2K off price of 3 of its models

(Newser) - Tesla knocked $2,000 off the prices of three of its five models in the United States late Friday, another sign of the challenges facing the electric vehicle maker led by billionaire Elon Musk. The company cut the prices of the Model Y, a small SUV that is Tesla's...

Tesla Recalls Cybertruck
Soap Blamed for
Cybertruck Recall
Apr 19, 2024 9:06 AM CDT

Soap Blamed for Cybertruck Recall

Tesla recalls nearly 4K electric pickups over accelerator pedal fault

(Newser) - Buyers have been complaining about delayed Cybertruck deliveries and the reason is now clear: Tesla is recalling almost 4,000 Cybertrucks for an issue that can't be fixed with just a software update. According to a National Highway Transportation Safety Administration recall notice , the company needs to fix a...

Musk's Bottom Line Takes a Hit From His Tesla Woes

Mark Zuckerberg displaces Tesla CEO from No. 3 spot on Bloomberg Billionaires Index

(Newser) - While much of social media was commenting Thursday on a fake "bearded Mark Zuckerberg" picture , the Facebook co-founder notched a more substantial achievement: displacing Elon Musk on Bloomberg's Billionaires Index . Zuckerberg, 39, is now third on that list, with a net worth of about $178 billion, while the...

Tesla Will Ask Shareholders to Give Musk His Billions After All

A $55B compensation package was invalidated by a judge in January

(Newser) - "Never incorporate your company in the state of Delaware," Elon Musk said in a January post on X after a Delaware Chancery Court judge voided a Tesla compensation package that had potentially been worth around $55 billion. Now Tesla is asking shareholders to move the company's corporate...

Buyers Say Cybertruck Deliveries Have Been Delayed
Tesla Delays
Cybertruck Deliveries
Apr 16, 2024 2:51 PM CDT

Tesla Delays Cybertruck Deliveries

Accelerator pedal might be the issue

(Newser) - It's becoming a more common question among buyers: "Dude, where's my Cybertruck?" The Wall Street Journal reports that buyers say Tesla has pushed back the delivery date for their electric trucks without explanation. One buyer in Birmingham, Alabama says he was supposed to pick up his Cybertruck...

Tesla Laying Off 10% of Employees
Tesla Laying Off
10% of Employees
Apr 15, 2024 11:43 AM CDT

Tesla Laying Off 10% of Employees

Elon Musk delivers the news amid recent slump in sales

(Newser) - Elon Musk delivered an unwanted email to Tesla employees on Monday—the company is laying off 10% of its employees worldwide, reports electrek . That would amount to about 14,000 employees, based on Tesla's most recent annual report.
  • "There is nothing I hate more, but it must be
...

Cybertruck Owners Aren&#39;t Thrilled: &#39;What a Nightmare&#39;
Cybertruck Owners Aren't
Thrilled: 'What a Nightmare'
IN CASE YOU MISSED IT
Apr 13, 2024 4:35 PM CDT

Cybertruck Owners Aren't Thrilled: 'What a Nightmare'

Robotic-looking Tesla EV is getting slammed in owners forums online

(Newser) - Elon Musk calls his company's Cybertruck "the most unique thing on the road," but owners of the electric Tesla vehicle have other, more unflattering descriptions for their new ride. As Futurism puts it, the Cybertruck "seems to be breaking down at an incredible rate," as...

Tesla Settles Lawsuit Over Fatal Autopilot Crash

Walter Huang's Tesla veered into a concrete highway barrier in 2018

(Newser) - Tesla has settled a 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 AP reports. The amount Tesla paid to settle the case was not disclosed in court documents filed Monday, just a day...

More Bad News for Tesla
More Bad News for Tesla
Apr 2, 2024 10:44 AM CDT

More Bad News for Tesla

Q1 sales were down 9%, well below expectations, and stock has shaved off 34% of its value this year

(Newser) - Tesla sales fell sharply last quarter as competition increased worldwide, electric vehicle sales growth slowed, and price cuts failed to draw more buyers. The company said it delivered 386,810 vehicles from January through March, almost 9% below the 423,000 it sold in the same quarter of last year....

China Was Tesla&#39;s Savior. It&#39;s Becoming Its Thorn
China Was
Tesla's Savior.
It's Becoming
Its Thorn
longform
Mar 31, 2024 5:00 PM CDT

China Was Tesla's Savior. It's Becoming Its Thorn

The 'NYT' looks at Elon Musk's relationship with Beijing

(Newser) - Elon Musk has China to thank for much of Tesla's success. But as the New York Times reports, Beijing's helping hand could end up being more of a slap. Interviews with former Tesla employees, diplomats, and policymakers shed light on how Tesla's "unusually symbiotic relationship" with...

Elon Musk Has to Settle Brouhaha Over Pie

Tesla backed out of a big bakery order that went viral, and CEO ponies up

(Newser) - Elon Musk had to eat something decidedly less delicious than pie—namely crow—after the Tesla CEO's company stiffed a small San Jose bakery on a big order. As NBC Bay Area reports, Tesla had ordered 4,000 mini-pies from the Giving Pies bakery to honor Black History Month,...

He May Be Tesla&#39;s First Fatality in &#39;Full Self-Driving&#39;
He May Be Tesla's First
Death in 'Full Self-Driving'
investigation
Feb 13, 2024 11:25 AM CST

He May Be Tesla's First Death in 'Full Self-Driving'

'Washington Post' links Tesla employee's death to the advanced feature

(Newser) - The Washington Post may have uncovered the first fatality linked to Tesla's most advanced driver-assistance software, Full Self-Driving. The newspaper's investigation suggests that Hans von Ohain—a Tesla employee—was using FSD on a curvy road in Evergreen, Colorado, in 2022 when the car veered into a tree...

Musk Makes a Move After Judge Voids $55B Pay Package

Neuralink is now officially headquartered in Nevada instead of Delaware

(Newser) - Neuralink, Elon Musk's brain implant company, has shifted its legal corporate home from Delaware to Nevada—after his major Tesla pay package hit a wall in a Delaware court. Court records in both states show Neuralink, though it has its physical headquarters in Fremont, California, became a Nevada company...

Floating Sauna Saves Tesla Passengers From Icy Fjord

Half-naked patrons pulled stranded motorists out of water in Norwegian capital of Oslo

(Newser) - As Tesla handles a new recall in the US , a Tesla owner on the other side of the globe dealt with a different kind of issue this week. A witness tells the Norwegian newspaper VG that the Tesla was cruising Thursday near the quay at the foot of Oslo's...

Tesla Recalling Nearly All Cars in US Again

This time, it's because the warning lights are too small on instruments panel

(Newser) - Tesla is recalling nearly all its vehicles sold in the US to fix an unusual safety issue—warning lights on the instrument panel are too small, reports the AP . The recall affects more than 2 million vehicles and is slightly bigger than one of two months ago that involved a...

Winter Is Proving Hellish for Some Electric Vehicle Drivers

With temps below freezing, batteries aren't holding their charge

(Newser) - It's not set to get above freezing until early next week in Chicago, and that's increasingly making electric vehicle owners' blood run cold. The problem is that the frigid temps are doing a number on their car batteries, turning the city's electric vehicle charging stations into "...

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