Tag: $Tesla

 Tesla’s (TSLA.O), new car sales in Europe fell 27.9% in May from a year earlier even as fully-electric vehicle sales in the region jumped 27.2%, with the U.S. EV maker’s revised Model Y yet to show signs of reviving the brand’s fortunes.

Tesla did it. The company launched its long-awaited robo-taxi service in Austin, Texas, on Sunday.

A group of Democratic Texas lawmakers has asked Tesla (TSLA.O), to delay its much-anticipated robotaxi launch in Austin until September, when a new autonomous-driving law is scheduled to take effect.

The National Highway Traffic Safety Administration on Friday said it was streamlining reviews of requests filed by automakers seeking to deploy self-driving vehicles without required human controls like steering wheels, brake pedals or mirrors.

Tesla’s (TSLA.O),car sales fell sharply in several European markets including Sweden and Portugal in May, a fifth consecutive monthly decline that has been blamed on CEO Elon Musk’s political activities and an outdated model lineup.

European sales of Tesla vehicles plunged in April, as the U.S. electric car maker continues to face reputational damage regionally and rising competition.

Despite incurring a higher tariff rate than Tesla, Chinese electric vehicle maker BYD sold more pure battery electric vehicles in Europe for the first time ever last month — a “watershed moment” for the region’s car market, according to a report from JATO Dynamics.

Tesla’s (TSLA.O), new car sales in Britain and Germany plummeted to their lowest in over two years in April, falling 62% and 46% year-on-year respectively, even as demand for electric vehicles rose in both countries, national data showed on Tuesday.

Tesla CEO Elon Musk began his company’s earnings call on Tuesday by saying that his time spent running President Donald Trump’s Department of Government Efficiency will drop “significantly” starting in May.

Tesla stock was down in premarket trading early Wednesday, just ahead of the company’s release of first-quarter delivery data.

Tesla said Thursday it is recalling nearly all Cybertrucks in the United States to fix an exterior panel that could detach while driving, the latest in a series of call-backs for the pickup truck.

Tesla will make a lower-cost version of its best-selling Model Y in Shanghai, three people with knowledge of the matter said, aiming to regain ground lost during a price war in its second-largest market.

Tesla stock was rising early Tuesday as President Donald Trump said he was buying one of its vehicles in a staunch defense of CEO Elon Musk following a brutal selloff in the previous session.

U.S. carmaker Tesla will acquire parts of the insolvent German high-tech parts maker Manz AG , including more than 300 employees at its site in Reutlingen city in the southwest, the German company said on Tuesday.

Chinese electric vehicle maker BYD is giving something away. Instead of delighting customers, it seems to have annoyed them, showing how hard it is to price cars and satisfy everyone as artificial intelligence makes them better.

Tesla Inc.’s sales plummeted 59% last month in Germany, where Chief Executive Officer, Elon Musk asserted himself in national politics like never before.

Tesla posted a rare earnings miss for the last quarter of 2024, coupled with disappointing results amid weak sales and revenue leading to thinning profit margins.

Tesla pledged a return to growth in 2025 on Wednesday after fourth quarter results disappointed, capping off a year that saw revenue rise just 1% while profits fell sharply from a year ago.

Tesla has joined BMW and Chinese producers in filing a challenge at the Court of Justice of the European Union (CJEU) against EU tariffs on China-made electric vehicles, according to a filing on the court’s website on Monday.

Tesla China plans to fix 1.2 million China-made and imported vehicles with software issues as a dozen carmakers recalled vehicles over safety concerns in the world’s largest auto market.