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Big tech shares set to waver as Tesla and Alphabet disappoint markets

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German car giant VW to invest billions in Tesla rival Rivian

The deal of up to €4.68bn creates a joint venture that will allow VW and the US-based electric vehicle (EV) maker to share technology.

26/06/2024

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Most of the Magnificent Seven tech stocks are contributing strongly to the S&P 500’s advancements at the moment, with other sectors such as healthcare and materials also seeing promising growth.

17/06/2024

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Tesla shareholders sue Musk for diverting resources to xAI

It comes just after the billionaire dropped his own lawsuit against ChatGPT maker OpenAI of which he was an original investor.

14/06/2024

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Elon Musk wins backing of shareholders on Є52 billion pay package

Tesla’s shareholders voted to reinstate CEO Elon Musk’s $55.8 billion (€52 billion) pay package, which was rejected by a judge in Delaware earlier this year. Investors also approved the relocation of the company’s incorporation to Texas.

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Manganese batteries: Could they be the main driver for EVs?

Lithium batteries are expensive to produce, and can be hard to recycle. There are also claims that mining for lithium is dangerous. Manufacturers are looking at other metals to see what they can offer.

08/06/2024

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Tesla gets green light to expand German plant after revision to plans

Approval to expand its first European plant was given after Tesla revised its original proposals following anger at the proposed felling of more than 100 hectares of trees.

17/05/2024

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Tesla's stock surges on optimism for Musk's affordable car line-up

Tesla's shares surged by more than 10% despite a miss on the first-quarter earnings estimates as CEO Elon Musk signalled that the cheaper version of electric vehicles (EV) would arrive earlier than expected.

24/04/2024

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Tesla: What opportunities will Q1 earnings provide for its shares?

Tesla's shares have seen a fall of nearly 30% in the first quarter because of growth bottlenecks. As analysts revise down estimates of Q1 earnings, an upside surprise may present a chance to rebound. Conversely, a miss on the expectation may exacerbate the downward pressure.

23/04/2024

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Tesla cuts cost of electric vehicles globally, including in Europe

Shortly after announcing thousands of jobs are to go, Tesla reveals it is cutting the price of its electric vehicles around the world, including in Europe.

22/04/2024

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Tesla recalls nearly 4,000 Cybertrucks due to accelerator pedal fault

Tesla has recalled nearly 4,000 of its 2024 Cybertrucks after a fault was discovered with the accelerator pedal.

20/04/2024

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Tesla cuts 10% of its workforce in global efficiency drive

Tesla's drastic layoffs may be a response to changes needed in the wake of the disappointing last quarterly delivery report.

15/04/2024

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Europe's Tesla fans fear brakes put on plans for cheaper electric car

European Tesla enthusiasts may have to resign themselves to paying for the company's existing models, as more rumours emerge of the company abandoning its plans for a cheaper electric vehicle.

09/04/2024

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Tesla settles lawsuit over man's death in crash involving Autopilot

The family of a Silicon Valley engineer filed a wrongful death lawsuit after a Tesla crash occurred in California in 2018.

09/04/2024

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Brazilian judge investigates Elon Musk over disinformation

Alexandre de Moraes, a judge from the Brazilian Supreme Court included Elon Musk in an ongoing investigation over the dissemination of fake news.

08/04/2024

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Potential Tesla buyers steer clear as Musk's reputation plunges

Elon Musk's increasingly controversial reputation has led to a steep drop in the number of customers considering buying a Tesla.

01/04/2024

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Chinese electronics maker Xiaomi launches 'connected' smart EV

Xiaomi is a well-known maker of smart consumer electronics in China, with its new EV boasting lots of new smart features.

29/03/2024

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What were the key takeaways from Elon Musk's interview with Don Lemon?

The interview has set social media abuzz. Here are some of the most important things we learned from Elon Musk's interaction with Don Lemon.

19/03/2024

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Musk criticises 'eco-terrorists' as fire breaks out in Tesla factory

An environmental group has published an open letter online claiming responsibility for a fire in a Tesla factory on Tuesday, which has since halted production.

05/03/2024

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Tesla shares plunge after disappointing car sales in China

Tesla shares hit as sales in China drop dramatically because of a lack of demand over the Lunar New Year.

05/03/2024

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Apple to stop work on electric vehicles - reports

Apple will stop work on its secretive electric car project, according to multiple reports.

28/02/2024