Tesla Financial News

Shares of Tesla stock have rallied after the electric vehicle maker's CEO, Elon Musk, paid a surprise visit to Beijing over the weekend and reportedly won tentative approval for its driving software

The Supreme Court has rejected an appeal from Elon Musk over a settlement with securities regulators that requires him to get approval in advance of some social media posts that relate to Tesla, the electric vehicle company he leads

Stocks that traded heavily or had substantial price changes on Monday: Tesla, Domino’s Pizza rise; AMC Entertainment, SoFi Technologies fall

Elon Musk’s quick visit to China paid immediate dividends, with Tesla Inc. receiving in-principle approval from government officials to deploy its driver-assistance system in the world’s biggest auto market. The US carmaker was granted the approval under certain conditions, according to a person with knowledge of the matter, who asked not to be identified because details of all the criteria aren’t clear. Tesla did manage to clear two of the most important hurdles: reaching a mapping and navigation deal with Chinese tech giant Baidu Inc., and meeting requirements for how it handles data-security and privacy issues.

Hyundai, Tesla and BMW. Individuals can check the database maintained by the National Highway Traffic Safety Administration on whether their vehicle has been recalled or not. The users will need to keep their Vehicle Identification Number or VIN ready before checking the database, as per a report on USA Today.

Tesla CEO Elon Musk's surprise visit to China has proven to be a strategic move yielding significant results. The Tesla boss has managed to get a key clearance from China that will be a big shot in the arm for the behemoth EV maker's efforts to resurrect declining sales and win trust in China where their own automakers such as BYD have threatened Tesla's dominance. Tesla's cars made in China passed key data security and privacy requirement in China, handing Musk a major win who visited Beijing to seek approval to introduce driver-assistance software. This is according to the China Association of Automobile Manufacturers. Before, some places in China banned Tesla cars because they were worried about how they collected data. Meanwhile, Reuters reported citing sources that Baidu, a prominent Chinese internet search company, has reportedly struck a deal with Tesla, allowing the car manufacturer access to its mapping license for gathering data on public roads in China.

BEIJING — Local Chinese authorities have removed restrictions on Tesla cars after the company's China-made vehicles passed the country's data security requirements, the automaker said Sunday.

Musk posted a picture with Qiang and said, "We have known each other now for many years, since early Shanghai days." ALSO READ: Top News Today: Elon Musk's surprise China visit, AdaniConneX securing loans, PM Modi in Karnataka and more Chinese state media reported that the Tesla CEO met Premier Li Qiang in Beijing, during which Li told Musk that Tesla's development in China could be regarded as a successful example of US-China economic and trade cooperation, Reuters reported. During his tour, Musk was expected to discuss the rollout of Full Self-Driving software and permission to transfer data overseas. The US electric vehicle maker rolled out Full Self-Driving, or FSD, the most autonomous version of its Autopilot software, four years ago.

Adani Enterprises and private data centre operator EdgeConneX, said on Sunday it has secured financing from lenders of up to $1.44 billion to build data centres. Meanwhile, Tesla Inc. Chief Executive Officer Elon Musk made a surprise visit to China on Sunday to meet Premier Li Qiang.

The U.S. government’s auto safety agency is investigating whether last year’s recall of Tesla’s Autopilot driving system did enough to make sure drivers pay attention to the road

Tesla founder and CEO Elon Musk has met with a top government leader in the Chinese capital, just as the nation’s carmakers are showing off their latest electric vehicle models at the Beijing auto show

Elon Musk got the market’s memo. Mark Zuckerberg missed it. Cathie Wood ignored it.

Tesla CEO Elon Musk landed in Beijing on Sunday, a flight tracking app showed, as two people with knowledge of the matter said the billionaire was kicking off a surprise visit to the automaker's second-biggest market. Musk is seeking to meet senior Chinese officials in Beijing to discuss the rollout of Full-Self Driving (FSD) software in China and to obtain approval to transfer data collected in the country abroad to train algorithms for its autonomous driving technologies, one of the people said. Tesla has since 2021 stored all data collected by its Chinese fleet in Shanghai as required by Chinese regulators and has not transferred any back to the United States.

BEIJING—In 2019, a little-known Chinese carmaker named Zhido went bust after Beijing cut subsidies for the tiny electric cars it made, crushing its sales. Now it is back. Earlier this month, the company released a boxy new mini-electric vehicle called “Caihong," or “Rainbow" in Chinese, which comes in seven pastel colors—including “Mint Mambo"—and has a starting price equivalent to around $4,400.

Indian-American man who drove his Tesla off a cliff with his family inside was grappling with major depressive disorder and experienced a psychotic break during the incident, according to an LA Times report. The incident in question involves Dr Dharmesh Patel, a radiologist from Pasadena, who faced three counts of attempted murder after he drove his family's Tesla off Devil’s Slide cliff on Highway 1 near Half Moon Bay (California), as per prosecutors. The doctors, Mark Patterson and James Armontrout, presented their testimony in support of Patel's defence.

Making sense of Tesla’s manufacturing plans increasingly requires a close study and a grain of salt when listening to Elon Musk describe what’s ahead. The chief executive loves to talk about the future of robot cars and what might come. What was less clear this past week, as profit plunged 55% and the company burned through more than $2 billion in cash in the first quarter, was the company’s near-term product plans—“product" being the boring part of the business where metal is bashed together to make cars sold to people who drive themselves.

Read more Alphabet Inc. closed decisively above a $2 trillion market capitalization for the first time on Friday. The $2 trillion milestone followed the company’s results, where revenue beat expectations on the strength of its cloud-computing unit.

stocks are leaving investors with little tolerance for disappointment, raising the stakes ahead of a week in which two more technology and growth giants are set to report. Strong reports from Microsoft and Google parent Alphabet on Thursday helped propel the S&P 500 to its biggest weekly gain since early November following its first 5% pullback of the year. The S&P 500 is up about 7% in 2024 and some 24% since late October.

BEIJING — Chinese electric car start-ups Nio and Xpeng are turning to a lower-priced segment of the market with plans to release newly branded cars this year.

Tesla Inc. co-founder JB Straubel wasn’t content with simply reinventing the automobile for the 21st century. He left in 2019 feeling he needed to redesign the global supply chain for the electrified future, too. That’s exactly what he’s been doing for the last five years. The company he built, Redwood Materials, is now the largest battery recycler in North America, and it’s using those recycled materials to manufacture complex battery components that have traditionally been imported from abroad, largely from China. Straubel recently opened the doors for a first peek at the 300-acre industrial campus he’s built in the western Nevada desert. He said it hasn’t been easy.

₹41 lakh) to a romance scam after being deceived by a deepfake video featuring Tesla CEO Elon Musk, according to local media reports. According to a report by KBS, Jeong Ji-sun felt like "a dream come true" when she began chatting with someone on Instagram who claimed to be Musk. “I experienced something like a dream last year," she told the broadcaster.