Tag: $Tesla

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.

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.

The U.S. National Highway Traffic Safety Administration said on Tuesday it had opened a probe into about 2.6 million Tesla vehicles after reports of some crashes linked to its “Actually Smart Summon” driverless feature.

 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 fell for a fourth consecutive day on Tuesday, taking some of the shine off a tremendous late-year rally.

Tesla will fix software in 77,650 China-made Model 3 and Model Y cars over safety hazards, China’s market regulator said on Tuesday.

Tesla said on Friday it was recalling 694,304 vehicles in the United States over an issue with the tire pressure monitoring system (TPMS).

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.

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.

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.