Tesla

US judge voids Musk's $56 billion Tesla pay package

A US judge has tossed out Elon Musk's record-breaking $56 billion Tesla pay package, calling the compensation granted by the EV maker's board "an unfathomable sum" that was unfair to shareholders.

Tesla erases $80bn in valuation after Musk's warning

Tesla shares tumbled over 12% on Wall Street last night after CEO Elon Musk warned sales growth would slow this year despite price cuts that have already hurt margins at the world's most valuable automaker and fueled investor concerns about soft demand and Chinese competition.

China's Cars: Irish drivers turning to Chinese brands

Chinese car brands are making a move into Europe, with a wave of new brands (and some old ones) taking on the continent's incumbents, writes Adam Maguire.

Tesla beats fourth-quarter delivery estimates

Tesla beat estimates for fourth-quarter deliveries today after a push to hand over more Model 3 electric cars before some variants of the compact sedan lose federal tax credits in the New Year under the US Inflation Reduction Act (IRA).

Bold EV strategies took a punch from reality in 2023

2023 was the year the auto industry's race toward an all-electric future took a detour.

Can Magnificent 7 trade keep powering US stocks?

As a strong year in US stocks winds down, fund managers face a potentially consequential choice in 2024 - stick with the few massive growth and technology names that have powered equity indexes higher, or take a shot on the rest of the market.

Tesla deliveries to hit record, short of Musk's target

Tesla is expected to post another record quarter for electric vehicle (EV) deliveries, likely shy of an ambitious 2 million annual internal target that CEO Elon Musk touted at the beginning of the year.

Swedish regulator investigates Tesla suspension failure

Tesla to recall 2 million US cars over Autopilot issues

Tesla is recalling just over two million vehicles in the US to install new safeguards to prevent the misuse of its Autopilot advanced driver-assistance system.

Nordic funds ask Tesla to respect collective bargaining

US carmaker Tesla will be urged to respect collective bargaining for its employees in the Nordic region in a joint letter to be sent by a group of pension funds this week, three pension funds said today.

Tesla's Cybertruck priced 50% more than first estimate

Tesla's long-delayed Cybertruck will be priced starting at $60,990, over 50% more than what CEO Elon Musk had touted in 2019 and a cost analysts have said will draw select, affluent buyers.

UK petrol station group EG to buy Tesla charging units

British petrol station operator EG Group said today it would buy Tesla ultra-fast charging units to boost its electric vehicle charging network across Europe, as the EV maker continues to expand the reach of its charging business.

Tesla to build €25,000 car at German plant - source

Tesla will build a €25,000 car at its factory near Berlin, a source with knowledge of the matter said today, in a long-awaited development for the electric vehicle maker which is aiming for mass uptake of its cars.

Musk asks court to reject SEC's bid to make him testify

Elon Musk has asked a federal judge not to force him to testify in the US Securities and Exchange Commission's probe into his $44 billion takeover of social media site Twitter.

Telsa's demand warning sparks selloff in EV stocks

Elon Musk's warning that high interest rates could sap electric-vehicle demand knocked shares of the sector today, with some analysts questioning if Tesla can maintain the runaway growth that has for years set it apart from other automakers.

Tesla CEO Musk raises alarm on interest rates

Tesla CEO Elon Musk has said that he was concerned about the impact of high interest rates on car buyers, adding the electric vehicle maker was hesitating on its plans for a factory in Mexico as it gauges the economic outlook.

Tesla supercomputer unit may add $600 billion to value

Tesla's Dojo supercomputer could power a near $600 billion jump in the automaker's market value by boosting the adoption of robo-taxis and its software services, Morgan Stanley analysts said, sending the electric vehicle maker's shares up 6% in premarket trading today.

Tesla launches new Model 3 in China

Tesla has unveiled a restyled, made-in-China Model 3 with a longer driving range, the first time the automaker has launched a new model in China ahead of the United States.

Tesla may keep cutting prices in turbulent times - Musk

Tesla CEO Elon Musk has signalled that he would cut prices again on electric vehicles in "turbulent times", even as his all-out price war on automaker rivals squeezes the company's own margins.

Tesla to expand Europe's biggest car plant

Tesla is planning sweeping changes to its factory near Berlin, including extensions to its battery cell production, indicating ramp-up plans remain underway despite a recent shift in focus to scaling up in the United States.

Investors brace for earnings from 'Magnificent Seven'

The massive growth and technology names that have dominated the US stock market in 2023 are set to report earnings in coming weeks, potentially determining the path for this year's equity rally.

Tesla builds first Cybertruck after two years of delays

Tesla built its first Cybertruck at the electric-vehicle marker's plant in Austin in Texas, the company said in a tweet over the weekend, after two years of delays.

New electric car sales up 65% in first half of 2023

New figures from the Central Statistics Office show that the number of new electric cars licensed has increased by 65% from 8,309 in the first half of 2022 to 13,701 in the first half of 2023.

Tesla beats Q2 delivery estimates as price cuts pay off

Tesla said it delivered a record number of vehicles in the second quarter, topping market estimates as price cuts and US federal credits helped make its electric vehicles more affordable.