Tesla Is Forcing The Auto Industry To Rethink The Way It Sells Cars

In 2019, many auto experts said Tesla made a big mistake by deciding to sell cars only online, arguing that the bad feelings people have about dealerships is crucial to the auto business. But the strategy adopted by Tesla’s CEO Elon Musk, which combines direct sales with a limited number of stores and service centers, […]

Auto Safety Agency Expands Tesla Investigation

The federal government’s top auto safety agency is significantly expanding an investigation into Tesla and its Autopilot driver assistance system to determine whether the technology poses a safety risk. The National Highway Traffic Safety Administration agency said on Thursday it has upgraded Autopilot’s preliminary assessment to an engineering analysis, with a more intense level of […]

Tesla Will Cut 10% of Salary Staff, Musk Tells Employees

Tesla’s CEO, Elon Musk, told staff in an email Friday that the electric car maker plans to cut 10 percent of its salaried workforce. In the email, a copy of which was reviewed by The New York Times, Mr Musk said the layoffs would not apply to employees who manufacture cars or batteries or install […]

More than 750 complaints about Tesla braking for no reason in the US

DETROIT (AP) — More than 750 Tesla owners have complained to US safety regulators that vehicles running on the automaker’s partially automated driving systems suddenly stop on the roads for no apparent reason. The National Highway Traffic Safety Administration disclosed the number to Tesla in a detailed information request letter posted on the agency’s website […]

Sustainability Index Insults Musk By Dropping Tesla

“You can’t have a cause for racial equality and be considered a top ESG name,” he added. Passive index funds, which collectively drive around one-third of all assets invested in the stock market, need to match their portfolio to the index they track. Being included or excluded from an index can affect a company’s stock […]

The Tesla Effect: Snowmobiles, Boats, and Mowers Go Electric

STOWE, Vt. — Snowmobiles are part of the winter music in this part of Vermont, and at worst they shatter the calm of the forest like ski motorcycles. But in February, the motor sledges bouncing on a wooded mountain road were quiet, save for the hum of metal sledges in the snow. Machines made by […]

Tesla is recalling 130,000 vehicles; touch screens can go blank

DETROIT (AP) — Tesla is recalling about 130,000 vehicles in its US model lineup because their touchscreens can overheat and go black. The recalls include some Model S sedans and Model X SUVs in 2021 and 2022, as well as Model 3 cars and Model Y SUVs in 2022. Documents released Tuesday by the National […]

Why Did Musk’s Twitter Offer Shock Tesla Investors?

Some shareholders say Mr Musk’s off-the-cuff posts on Twitter – drawing comparisons between once Canadian prime minister Justin Trudeau and Hitler – have already hurt Tesla. “The guy said some very controversial things,” said Kristin Hull, founder and CEO of Nia Impact Capital, an Oakland, California-based fund that invests in companies with positive social impact. […]

Musk sells $8.5 billion in Tesla stock as he prepares to buy Twitter

Three days after Elon Musk devised a deal to buy Twitter, he sold nearly $8.5 billion worth of shares in Tesla to help finance the acquisition. Musk reported 9.6 million share sales in filings with the Securities and Exchange Commission on Thursday and Friday. Transactions were made at prices ranging from $822.68 to $999.13 per […]