Tesla flags its cars not ready to be approved as fully self-driving this year

Tesla Inc’s advanced driver assistant software won’t gain regulatory approval in 2022, CEO Elon Musk said in remarks which indicate the company is not yet able to satisfy authorities that its cars can be driven without someone behind the wheel. The Silicon Valley automaker sells a $15,000 software add-on called “Full Self-Driving” (FSD) which enables […]

Continue Reading

Musk sells nearly $7 billion in Tesla shares amid Twitter legal battle

Tesla Inc Chief Executive Officer Elon Musk sold $6.9 billion worth of shares in the electric vehicle maker, tweeting it was important to avoid an emergency sale of Tesla stock amid a legal showdown with Twitter Inc over a $44 billion takeover deal. Musk, the world’s richest person, had said in April that there were […]

Continue Reading

Tesla plays ‘whack-a-mole’ with snags as deliveries fall for first time in two years

Tesla said on Saturday it delivered 2,54,695 vehicles in the second quarter, down about 18% from the first quarter Tesla said on Saturday it delivered 2,54,695 vehicles in the second quarter, down about 18% from the first quarter Tesla Inc faces a series of hurdles ranging from production snags to rising inflation that may hit […]

Continue Reading

Tesla’s run of record deliveries may be reaching the end of the road

Elon Musk’s crown jewel, Tesla, has grappled with production glitches in China and slow output growth at new factories in Texas and Berlin Elon Musk’s crown jewel, Tesla, has grappled with production glitches in China and slow output growth at new factories in Texas and Berlin Tesla Inc is expected to end its nearly two-year-long […]

Continue Reading

Musk says Tesla’s new car factories ‘losing billions of dollars’

He said its Berlin factory is in a “slightly better position” because it started with using the traditional 2170 batteries for cars built there He said its Berlin factory is in a “slightly better position” because it started with using the traditional 2170 batteries for cars built there Tesla Inc’s new car factories in Texas […]

Continue Reading

Anticipating U.S. downturn, Elon Musk details Tesla staff cuts

Musk said the cuts would apply only to salaried workers, meaning a 3.5% reduction in total headcount, changes he described as “not super material” Musk said the cuts would apply only to salaried workers, meaning a 3.5% reduction in total headcount, changes he described as “not super material” Elon Musk, CEO of Tesla, said a […]

Continue Reading

Tesla sued by former employees over ‘mass layoff’

They are seeking class action status for all former Tesla employees throughout the United States who were laid off in May or June without advance notice They are seeking class action status for all former Tesla employees throughout the United States who were laid off in May or June without advance notice Former Tesla Inc […]

Continue Reading

Tesla & India: Why has Elon Musk’s car not hit Indian roads yet?

Tesla enthusiasts in India were in for rough ride when CEO Elon Musk announced that his company will not manufacture its electric cars in India Tesla enthusiasts in India were in for rough ride when CEO Elon Musk announced that his company will not manufacture its electric cars in India The story so far: Dashing […]

Continue Reading

Tesla leads in driver-assisted technology crashes: U.S. data

Automakers and tech companies reported more than 500 crashes since June 2021, when the National Highway Traffic Safety Administration issued an order requiring the information Automakers and tech companies reported more than 500 crashes since June 2021, when the National Highway Traffic Safety Administration issued an order requiring the information Tesla Inc reported 273 vehicle […]

Continue Reading

Tesla leads in driver-assisted technology crashes: US data

Tesla Inc reported 273 vehicle crashes since July involving advanced driving assistance systems, more than any other automaker, according to data US auto safety regulators released on Wednesday. Automakers and tech companies reported more than 500 crashes since June 2021, when the National Highway Traffic Safety Administration (NHTSA) issued an order requiring the information. Two […]

Continue Reading