Tesla Financial News

New York Stock Exchange, US stock market on Thursday witnessed another tepid day in trade as S&P 500 and Dow Jones both fell. Wall street in track for their worst week since April. The S&P 500 slipped 0.3 per cent for a third straight drop, and the Dow Jones Industrial Average lost 219 points, or 0.5 per cent. The Nasdaq composite held up better than the rest of the market and added 0.3 per cent thanks to gains for Tesla and a handful of other Big Tech stocks. The S&P 500 dipped 16.66 points to 5,503.41. The Dow dropped 219.22 to 40,755.75, and the Nasdaq composite rose 43.36 to 17,127.66.

Former President Donald Trump says he would create a government efficiency commission to audit the entire federal government

'Barron's Roundtable' panelists discuss why some automakers are scaling back plans for electric vehicle rollouts.

Mint shows that the depreciation rate—the rate at which a product loses value—of electric vehicles entering the used-car market is slowing down, with some models holding onto their value better than expected. The Tata Nexon EV, a popular choice among Indian consumers, has seen its depreciation rate drop significantly—from about 51% in 2020 to 26% in 2023, according to data sourced from auto intelligence firm JATO Dynamics. The Nexon EV is Tata's first electric car, and was launched only in 2020, which means the resale market for these vehicles, compared to the legacy internal combustion engine (ICE) vehicles, is relatively nascent.

Hyundai is aiming to broaden the appeal of its Ioniq 5 electric SUVs with 2025 models boasting improved battery range and additional charging options

Sead specializes in writing factual and informative articles to help the public navigate the ever-changing world of crypto. He has extensive experience in the blockchain industry, where he has served...

Tesla plans to produce a six-seat variant of its Model Y car in China from late 2025, two people with direct knowledge of the matter said, as the U.S. automaker strives to increase the appeal of its best-selling yet aging electric vehicle (EV). Tesla has asked suppliers to prepare accordingly for a double-digit increase of Model Y output at its Shanghai factory, said one of the people, who declined to be named as the plan is not public. Tesla did not immediately respond to a request for comment.

China is currently in a major economic fix, and the biggest problem in their kitbag is youth unemployment, which needs to be addresses at the earliest in order to combat any other related pressing issue around the Chinese economy. New unproductive forces play a major role in the unemployment rise of the country, that has the potential to push the country on the brink of recession, feel experts.

Grant Jeide looked like another dude riding the rollicking waves left in the wake of a 23-foot (7-meters) boat hurtling through the water at speeds of up to 40 miles per hour on a Northern California river earlier this summer

Elon Musk's X social media network in Brazil after the billionaire failed to comply with an order to name a new legal representative for the company. Musk has been locked in a months-long feud with the judge, Alexandre de Moraes, who is leading a battle against disinformation in South America's largest nation. Moraes ordered the «immediate, complete and comprehensive suspension of the operation of 'X Brasil Internet LTDA' in the national territory.»

Dogecoin ($DOGE) yesterday slipped below $0.10, making for a 6-month low, however its descent has slowed after news broke earlier that a Federal court dismissed charges that Tesla/X CEO Elon Musk used X to manipulate the token’s price.

Elon Musk and Tesla Inc. won dismissal of a lawsuit claiming they pumped up the price of the cryptocurrency Dogecoin into a $258 billion “pyramid scheme.”

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Tesla car prices have been plummeting. Hertz's dump and price reductions accelerated the drop in Tesla's resale value. Investor in Tesla, Ross Gerber, claims he is unable to part with his used Tesla. It seems like Tesla is now falling and lagging in the electric car market yet again, according to the data. While Gerber has cut his investment in Tesla almost in half, he and other investors in the electric car company are still not able to sell their actual Tesla. In an interview with Business Insider, Gerber confessed that he could not get a fair price for his old car since the market was oversaturated with old and outdated Teslas. The price for a used Tesla has been lower compared to the prices from the previous couple of years. A one-year-old Model Y could retail for up to $70,000 in mid-2022, as more people craved Tesla electric automobiles than Musk could produce, based on used EV prices listed on the Recurrent website. Today, the same car is reportedly selling for less than $40,000 in the used car market, as cited by the company. Also Read: Apple to invest in ChatGPT maker OpenAI after Microsoft? What we know so far

BEIJING — Chinese electric car companies that are already engaged in an intense price war are turning up the heat on another front: Chip-powered tech features such as the driver-assist function.

Production at an electric vehicle battery cell plant jointly run by General Motors and Samsung SDI has been delayed as EV sales have slowed in the U.S. The companies finalized their agreement Tuesday to jointly run the new factory in New Carlisle, Indi...

Tesla says its vehicles that are equipped with the latest versions of its vaunted “Full Self-Driving” system can travel from point to point with little human intervention

An appeals court has revived Tesla’s federal court challenge to a Louisiana law that prohibits automobile manufacturers from selling directly to consumers

Tata Motors will procure battery packs for its electric vehicles from a Chinese manufacturer, Live Mint has claimed citing sources. As per the business daily, Tata Motors will source batteries from Octillion Power Systems in China to address performance issues as well as to diversify its supply and technolgy base. The Indian car maker currently sources the batteries from Tata AutoComp systems. The leading electric car maker currently sells a range of EVs in India including the EV versions of Tiago, Tigor, Punch, Nexon, and the newly launched Curvv.ev. The car maker is expected to launch the EV version of Harrier as well.

Canada is set to introduce higher tariffs on Chinese-made electric vehicles and Chinese steel, Prime Minister Justin Trudeau told reporters in Halifax on Monday.

BEIJING — Hundreds of Volkswagen staff are spending time at Xpeng as the German auto giant and Chinese startup work to create electric cars for China, Xpeng co-president Brian Gu told CNBC on Monday.