Earlier this month, Reuters reported that Tesla is planning to build a $26,838 car at its factory near Berlin
Tesla and India have been in talks for several months with the US carmaker open to setting up a factory but also keen to get lower import taxes for some of its high-end vehicles
Musk had long planned to make a more affordable electric car, but said in 2022 he had not yet mastered the technology and shelved the plan
While the battery-powered vehicle market is still expanding, the pace of growth has slowed considerably
Federal prosecutors have expanded investigations into Tesla beyond the electric vehicle maker's partially automated driving systems, and they have issued subpoenas for information instead of simply requesting it, the company disclosed Monday. In a quarterly report filed with the Securities and Exchange Commission, Tesla said the Department of Justice is looking into personal benefits, related parties, vehicle range and personnel decisions without giving details. The additional investigation topics and the subpoenas suggest that prosecutors have broadened their inquiry, and they have found the need to force Tesla to disclose information, legal experts say. The filing indicates prosecutors may be investigating Tesla CEO Elon Musk, and whether the company has been candid in describing the features of its vehicles, they say. In January, Tesla disclosed that the Justice Department had requested documents related to its Autopilot and Full Self-Driving features. Both features are classifi
The company's spending is, however, expected to return to the $7 billion and $9 billion range in the next two years, a regulatory filing showed
The company said on Wednesday that upgrades made to its factories in the third quarter will help it in cutting production costs. "An industry leader needs to be a cost leader," it said in a statement
"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