Tesla Financial News
16.01 / 01:42
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Musk seeks 25% voting share at Tesla
(Reuters) — Elon Musk said on Monday he would be uncomfortable growing AI/robotics at Tesla (NASDAQ:TSLA) without at least a 25% voting control of the company.
15.01 / 19:37
15.01 / 15:50
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Robots Are Looking Better to Detroit as Labor Costs Rise
Automakers are looking to an old friend to help offset rising labor costs: robots. For decades, car companies have increased automation inside their factories. Now, auto executives are looking more closely at this approach, to address a rising labor bill and take advantage of more sophisticated technology.
15.01 / 07:19
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Hertz, Tesla and the Perils of CEO Groupthink
Hertz announced to much fanfare on Oct. 25, 2021, that it planned to buy 100,000 Teslas. “Electric vehicles are now mainstream, and we’ve only just begun to see rising global demand and interest," then-CEO Mark Fields said.
14.01 / 16:41
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This week in EVs: Tesla's increased pay and discounted prices | Pro Recap
Investing.com — Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: Tesla cuts more than prices as EPA updates standards and pay for workers in the U.S. goes up. In addition, VinFast enters India with a big investment.
14.01 / 13:29
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Chevy Blazer Troubles Add to GM’s EV Growing Pains
As one of the nation’s first owners of General Motors’ new electric Chevrolet Blazer, James Hattin was loving the SUV—before the problems began. On a trip from the mountains back to his home in Burbank, Calif., he and his wife heard weird clicking noises coming from the dashboard. A short time later, the cruise control went out.
14.01 / 07:45
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Ayodhya Ram Mandir Pran Pratishtha ceremony: 10 updates on celebrations, controversies and more
has thanked the Ram Mandir trust for inviting him to the ceremony. However, the Samajwadi Party leader will visit the temple with his family only after the event. Yadav received the invitation on January 13.
14.01 / 03:25
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China's price wars plunge stocks as tepid demand haunts corporate earnings
MSCI China gauge already down more than 4% so far this year. It capped a third straight annual decline in 2023. “The bigger picture is that the weak demand is leading to a deflationary environment, which particularly bodes ill for businesses that cannot achieve higher volumes with lower prices," said Daisy Li, a fund manager at EFG Asset Management HK Ltd.
14.01 / 02:05
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US: Over 150 cars parked strategically in 'Ram' formation hold dazzling light show in Maryland
Ayodhya, Uttar Pradesh, later this month, the Vishwa Hindu Parishad (VHP) of America organised an Epic Tesla Musical light show in Maryland state. https://x.com/ANI/status/1746308664489923019?s=20
13.01 / 16:07
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Tesla gets a $94 billion reality check as EV winter sets in
Tesla Inc. had a blockbuster 2023, as its shares more than doubled in 12 months. But 2024 is starting on a different note, with Elon Musk’s electric vehicle maker off to its worst start to any year — ever. The company has lost more than $94 billion in market valuation in just the first two weeks of 2024.
13.01 / 10:25
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FCC chair asks automakers about plans to stop abusers from using car electronics to stalk partners
The top U.S. telecommunications regulator is asking automakers how they plan to protect people from being stalked or harassed by partners who have access to vehicle location and other data
13.01 / 10:25
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Tesla puts German factory production on hold as Red Sea attacks disrupt supply chains
Tesla says it’s temporarily halting most of production at its German factory because of attacks in the Red Sea, a vital global shipping corridor
13.01 / 02:07
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Tesla shares drop on plant shutdown due to Red Sea attacks
Tesla shares dropped in trade after the carmaker said its lone European factory will be disrupted by attacks in the Red Sea. It also cut car prices in China. The company reduced starting prices of the Model 3 sedan by 5.9% to 245,900 yuan ($34,300) and marked down the Model Y sport utility vehicle by 2.8% to 258,900 yuan, according to its website. Hours earlier, Tesla told Reuters it will suspend most production at its Model Y plant near Berlin from Jan.
12.01 / 22:09
12.01 / 21:19
12.01 / 14:55
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Hertz to sell one-third of EV fleet in shift back to gas-powered cars
Hertz Global Holdings Inc. plans to sell a third of its United States electric vehicle fleet and reinvest in gas-powered cars due to weak demand and high repair costs for its battery-powered options.
12.01 / 13:01
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Tesla trades down following price cuts in China
Shares of Tesla (NASDAQ:TSLA) are down more than 3% in pre-market trading Friday morning after the electric automaker officially reduced the price of their Model 3 and Model Y in China, with cuts ranging from Rmb6.5k to Rmb15.5k.
12.01 / 06:15
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An influx of Chinese cars is terrifying the West
exported over 5m cars in 2023, exceeding the Japanese total. China’s biggest carmaker, BYD, sold 0.5m electric vehicles (EVs) in the fourth quarter, leaving Tesla in the dust. Chinese EVs are so snazzy, whizzy and—most important—cheap that the constraint on their export today is the scarcity of vessels for shipping them.
12.01 / 05:41
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Shares fall as Tesla announces increased pay for U.S. workers
Shares of electric vehicle giant, Tesla (NASDAQ:TSLA) are down nearly 3% in afternoon trading Thursday morning after it was announced that the company notified workers at its California car plant of pay increases across its US factories.
12.01 / 05:19
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Hertz will sell electric cars after being burned by Tesla's price cuts
Hertz will be selling about one-third of the electric vehicles in its fleet after they lost value more quickly than expected, the company said Thursday. The drop in value is a blow to the company's efforts to replace gasoline vehicles with cars that do not produce tailpipe emissions. The electric vehicles the company owned were also more likely to be involved in collisions, Hertz said, and they proved costly to repair. The company said it planned to buy more gasoline-powered vehicles to replace the 20,000 battery-powered cars it was selling. «Certain of these EVs became uneconomical for us,» Stephen Scherr, Hertz's chief executive, said in an interview on Thursday.
12.01 / 01:07
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