Tag: Electric Vehicle

Tesla said on Friday it was recalling about 239,000 vehicles over an issue that could cause the rear-view camera to not display an image, which could be resolved by an over-the-air software update.

Tesla Inc. could collect more than €1 billion ($1 billion) in compensation from rival automakers that need help meeting tougher pollution standards in the European Union this year, UBS Group AG analysts said.

 U.S. electric vehicle maker Tesla said on Friday its China sales rose 8.8% to a record high of more than 657,000 cars in 2024, a strong performance in a competitive market in a year when its annual global deliveries fell for the first time.

Tesla shares held their ground on Thursday after closing at a 52-week high as investors weighed some details about the coming “Cybercab.”

A US judge has shot down Tesla’s second attempt to award Elon Musk a record pay package, saying shareholders’ overwhelming reapproval did not override her previous rejection of the deal.

The financing for a factory in Georgia is part of a last-minute effort to establish climate policies before President-elect Donald J. Trump takes office.

Chinese premium electric-car maker Nio Inc. reported revenue that missed estimates and a bigger than-expected loss as it continues to weather a bruising price war.

Tesla shares jumped more than 7% premarket on Monday, extending a red-hot rally fueled by investor bets that the automaker would benefit from CEO Elon Musk’s backing of U.S. President-elect Donald Trump.

Tesla stock soared Wednesday with Republican nominee Donald Trump winning the U.S. presidential election.

The European Union has decided to increase tariffs on Chinese-built electric vehicles to as much as 45.3% at the end of its highest profile investigation that has divided Europe and prompted retaliation from Beijing.

Tesla reported third-quarter earnings Wednesday that topped analysts’ estimates even as revenue came in just shy of expectations. The stock popped 10.7% in premarket trading.

Investors misinterpreted a public offering on Wednesday by Lucid Group that raised roughly $1.75 billion — and led to the stock’s worst daily performance in nearly three years, CEO Peter Rawlinson told CNBC.

Swedish truck maker AB Volvo forecast stagnant demand next year and posted a bigger-than-expected slide in quarterly adjusted earnings on Friday, after reduced freight and construction activity limited vehicle sales.

Lucid Group stock fell sharply after the electric-vehicle manufacturer said it was planning a substantial public offering and projected wider-than-anticipated losses for the third quarter.

Swedish automaker Volvo Cars on Wednesday announced deputy CEO Björn Annwall will step down from his current role as part of a management reshuffle designed to increase simplicity and collaboration in the organization.

Brussels will stick to plans to impose hefty tariffs on China-made electric vehicles, the EU executive said on Friday, even after the bloc’s leading economy Germany rejected them and exposed a rift over its biggest trade row with Beijing in a decade.

Rivian said on Friday it slashed its full-year production forecast and delivered fewer vehicles in the third quarter than analysts had expected, as the startup grapples with a parts shortage and slowing growth in electric-vehicle demand.

Tesla posted its third-quarter vehicle production and deliveries report on Wednesday. The stock fell about 2% in premarket trading after the report.

Chinese electric vehicle maker NIO is getting fresh capital, sending shares soaring.

NIO stock rose after the Chinese electric vehicle maker reported a narrower-than-expected second-quarter loss Thursday.