Tesla

Smith Collection/Gado/Getty Images (NEW YORK) — Shares of Tesla fell 12% in early trading on Wednesday after an earnings release showed slumping profits in the face of strengthened competition and sluggish sales. The earnings report fell short of Wall Street expectations for profit. “There have been quite a few competing electric vehicles that have entered […]

Xiaolu Chu/Getty Images (NEW YORK) — Tesla, the Elon Musk-led electric vehicle company, appears desperate for a tune-up. The company’s share price has plummeted more than 25% so far this year, making it one of the worst-performing stocks in the S&P 500. Over the same period, that index has risen about 10%. Shrinking car sales, […]

lvcandy/Getty Images (NEW YORK) — Shares of Tesla plummeted more than 10% in afternoon trading on Thursday, less than 24 hours after the company reported earnings that fell short of expectations and cautioned of sluggish sales over the duration of this year. Revenue and profits missed analyst expectations over the three months ending in December, […]

Brand new Tesla cars sit parked at a Tesla dealership on Oct. 18, 2023 in Corte Madera, California. (Justin Sullivan/Getty Images) (NEW YORK) — Tesla will recall about twp million cars over a safety issue tied to its autopilot system, the National Highway Traffic Safety Administration said on Wednesday. The company’s autopilot system may put […]

David Paul Morris/Bloomberg via Getty Images (NEW YORK) — Since Tesla unveiled a prototype of its Cybertruck four years ago, the electric pickup truck has remained in the realm of preorders and earnings-call updates — until this week. On Thursday, the company will make its first deliveries of the Cybertruck at a high-profile event sure […]

Robert Alexander/Getty Images (WASHINGTON) — Tesla is recalling up to 362,758 cars equipped with its Full Self-Driving Beta software or pending installation over concerns it can increase the risk of a crash, the National Highway Traffic Safety Administration announced Thursday. “The FSD Beta system may allow the vehicle to act unsafe around intersections, such as […]

contrastaddict/Getty Images (NEW YORK) — Tesla plans to open a portion of its U.S. charging network to competing electric vehicle makers, the Biden administration said on Wednesday. The carmaker plans to open about 7,500 charging stations across the U.S. before the end of 2024, officials said on Wednesday. The update from Elon Musk’s car company […]

Smith Collection/Getty Images (NEW YORK) — Electric vehicle company Tesla slashed the price of its cars across global markets as much as 20%, the automaker announced on Thursday night. The move aims to bolster demand as Tesla faces falling sales amid recession fears and heightened competition, some analysts and investors said. The U.S. price cuts […]

Javier Ghersi/Getty Images (NEW YORK) — Shares of Tesla plummeted 12% on Tuesday, wiping nearly $50 billion from the company’s value and eliciting scrutiny of CEO Elon Musk as he appears to focus on Twitter. The losses exacerbated a skid that goes back months. Since Musk acquired Twitter in late October, Tesla stock has fallen […]

Michael Gonzalez/Getty Images (NEW YORK) — Tesla stock has plummeted since CEO Elon Musk took over Twitter, falling more than 45% in about over two months. In all, the company’s stock has dropped more than 65% since January, when Musk began investing in Twitter. By comparison, the tech-heavy Nasdaq has fallen about half as far over […]