Latest posts
Tesla reports steep drop in profits despite US rush to buy electric vehicles
Carmaker exceeded Wall Street’s expectations with more than $26bn in revenue, but saw a 37% drop in profits Despite record vehicle sales, Tesla saw a precipitous drop in profit in its most recent quarter. A rush to buy electric vehicles before a US tax credit for them disappears had boosted Tesla’s flagging sales, leading to…
Tesla sued by family of California teenager killed in fiery Cybertruck crash
Lawsuit alleges the design of the vehicle’s door handles is at fault for Krysta Tsukahara’s death Tesla is being sued by the parents of a teenager killed in a crash involving one of its Cybertruck pickups last fall. The incident involved four passengers who were in the vehicle when it hit a tree and caught…
Elon Musk becomes first person with net worth of $500bn
Tesla owner’s wealth temporarily crosses half-trillion-dollar mark before retreating to $499bn Business live – latest updates Elon Musk has become the first person to reach a net worth of $500bn, bringing the Tesla chief executive halfway to trillionaire status. Musk’s wealth temporarily crossed the half-trillion mark on Wednesday before retreating to $499bn, according to the…
Tesla offers Elon Musk a trillion-dollar pay package
CEO will have to increase the value of his electric car company from just over $1tn to $8.5tn over 10 years Business live – latest updates Elon Musk could become the world’s first trillionaire if he hits targets set by Tesla, under a scheme disclosed by the electric car company he runs and in which…
Tesla sales in Europe slump 40% as BYD new car registrations more than triple
Electric car business run by Elon Musk continues to lose ground to Chinese rival despite recent revamp of Model Y Business live – latest updates Tesla sales slumped 40% across Europe in July compared with a year earlier as Elon Musk’s electric car company faces increasingly tough competition from its Chinese rival BYD. There were…
Tesla shareholders sue Elon Musk for allegedly hyping up faltering Robotaxi
Carmaker and CEO accused of securities fraud and hiding significant risk posed by company’s self-driving vehicles Tesla shareholders sued Elon Musk and the electric vehicle maker for allegedly concealing the significant risk posed by company’s self-driving vehicles. The proposed class-action suit, which accuses Musk and Tesla of securities fraud, was filed on Monday night. Tesla…
The Tesla whistleblower and the cost of taking on Elon Musk – podcast
Investigative journalist Sönke Iwersen describes his years-long investigation into Tesla, aided by a whistleblower, exposing serious safety concerns over the company’s cars In November 2022, a whistleblower contacted investigative journalist Sönke Iwersen. He could not give his name, he said, but he had access to huge amounts of data about Tesla, his former employer: private…
Musk hails $16.5bn Samsung deal to supply Tesla with AI chips
South Korean tech company will produce carmaker’s next-generation semiconductors at new plant in Texas Business live – latest updates Samsung has agreed a $16.5bn (£12.3bn) deal to manufacture artificial intelligence chips for Tesla, in a move hailed by Elon Musk. The South Korean tech company announced the contract with an unnamed client in a regulatory…