Page 2 - Tesla Motors

Tesla to introduce new models ahead of planned timeline, shares jump

Currently, Tesla's Model 3 and Model Y, with starting prices of around $40,000, are its only volume sellers

Tesla cuts prices for 3 of its EV models in US following a difficult week

Tesla knocked USD 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 which is Tesla's most popular model and the top-selling electric vehicle in the US, and also of the Models X and S, its older and more expensive models. Prices for the Model 3 sedan and the Cybertruck stayed the same. The cuts reduced the starting price for a Model Y to USD 42,990 and to USD 72,990 for a Model S and USD 77,990 for a Model X. The move came the day after Tesla's stock tumbled below USD 150 per share, eliminating all gains made over the past year. The Austin, Texas, company's stock price has dropped about 40 per cent so far this year amid falling sales and increased competition. Discounted sticker prices are a way to try to entice more car buyers. Musk posted early Saturday on X, the social media platform known as Twitte

As Israel fires missiles at Iran, Elon Musk shares message of peace

The development comes after Iran's state media reported explosions in the central province of Isfahan

Tesla shares fall as Deutsche Bank flags risks from focus on Robotaxi

The Elon Musk-led company's shares fell 2.7% to $151.26 after the brokerage downgraded the stock to 'Hold' and cut its price target to $123 from $189

Tesla layoffs: Global job cuts to impact leading markets US, China

Tesla faces increasing competition in China in a fierce price war with rivals led by BYD, slowing sales in the United States, as well high investment costs in new models and artificial intelligence

Tesla begins making cars in Germany for export to India this year

Under the new Indian policy, companies can import up to 8,000 cars a year at the lower tax rate

Tesla also losing market share in China as it disappoints globally

Tesla's sales and production are consistently backloaded in China, with the third month of each quarter the strongest for local shipments

BYD takes on EV laggards Toyota, VW with aggressive China price cuts

The automaker is currently discounting almost every electric and hybrid car model it sells, as part of a marketing campaign declaring "electricity is cheaper than oil"

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

India will not tailor its policies to suit US EV maker Tesla: Piyush Goyal

India will not tailor its policies to suit US EV maker Tesla, and its laws and tariff rules will be formulated to attract all-electric vehicle manufacturers from across the world to set up a base in the world's fastest-growing economy, Commerce and Industry Minister Piyush Goyal said. Tesla has been seeking an initial tariff concession that would allow it to offset 70 per cent customs duty for cars priced less than USD 40,000, and 100 per cent for cars of higher value. In an interview with PTI, Goyal said the government recognises the need for a vibrant EV ecosystem as greater use of battery-run vehicles will cut carbon emissions as well as the staggering oil import bill. But for this, it will not tailor policies that suit any one company and would rather frame ones that will encourage all-electric vehicle manufacturers from across the world to set up shop in India, he said. "We are working on several initiatives where we are having inter-ministerial (consultations) and a dialogue

US auto safety agency upgrades probe into Tesla power steering loss

The National Highway Traffic Safety Administration (NHTSA)said on Friday the investigation covers about 334,000 Model 3 and Model Y vehicles from the 2023 model year

Tesla to recall over 2 mn vehicles in US due to warning font size issue

The recall includes nearly all of its models, including Model S, Model X, 2017-2023 Model 3, Model Y, and 2024 Cybertruck vehicles, NHTSA said

Elon Musk's $55 billion pay package at Tesla voided, things to know

When the package was proposed in early 2018, the goals seemed like moonshots. The top threshold in each category required Tesla to grow by more than 11-fold

Delaware judge rules 'unfathomable' pay deal made Tesla CEO overpaid

The judge called Tesla's process of approving the pay package "deeply flawed"

Tesla expects slowing of growth before new EV model launch in 2025: Musk

Tesla started slashing the prices of its cars in late 2022, igniting a price war that singed US rivals including Ford, who have all slowed EV production

Tesla recalls over 1.6 mn imported vehicles for steering, door issues

Tesla is recalling more than 1.6 million Model S, X, 3 and Y electric vehicles imported to China for problems with their automatic assisted steering functions and door latch controls. China's State Administration for Market Regulation announced the recall on Friday. It said Tesla Motors in Beijing and Shanghai would use remote upgrade technology to fix the problems, so in most cases car owners would not need to visit Tesla service centres to get the upgrades. The recall due to problems with the automatic steering assist function applies to 1.6 million imported Tesla Model S, Model X, Model 3 and Model Ys. When the automatic steering function is engaged, drivers might misuse the combined driving function, increasing a risk of accidents, the notice said. The recall to fix the door unlock logic control for imported Model S and Model X EVs affects 7,538 vehicles made between October 26, 2022 and November 16, 2023. It is needed to prevent door latches from coming open during a ...

BYD pulls ahead as world's biggest producer of battery passenger cars

After a $12 billion selloff during November, BYD is as cheap as it has been going back to the start of 2010, despite 31 out of 32 analysts putting a Buy rating on the stock

Tesla deliveries beat estimates in Q4 as year-end sales push pays off

The automaker delivered a record number of vehicles in the fourth quarter and hit its 2023 target of 1.8 million, helped by increasing discounts on key models

India cautious as Tesla yet to share electric vehicle launch pricing

The Texas-headquartered electric vehicle (EV) manufacturer has not disclosed pricing details for the introduction of its cars in the Indian market

Tesla shares fall on long wait for Cybertruck payoff, hefty price tag

Musk has said Tesla was likely to reach a production rate of roughly 250,000 Cybertrucks a year in 2025