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Business

Tesla sales and profits continue to drop, with no relief in sight

The fallout from Elon Musk's plunge into politics a year ago is still hammering his Tesla business as both sales and profits continued to drop sharply in the latest quarter.

Tech News

Elon Musk announces his own political party called the America Party

The announcement comes a day after Trump signed his sweeping tax cut and spending bill, which Musk has fiercely opposed.

Business

Tesla sales fell sharply in the last three months — is Musk to blame?

Tesla sales fell 13% in the period between April and June, as its CEO Elon Musk faces backlash and competition is taking a toll on the company's dominance.

Tech News

Musk's 'Robotaxis' drive on wrong side of the road, videos show

The US is already investigating Tesla's driverless taxi service, which launched just four days ago.

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Business

New car registrations fall in Europe and Tesla sees another drop

Tesla sales are still declining in the EU, while Chinese state-owned manufacturer SAIC Motor is increasing its market share.

Tech News

Elon Musk's Tesla begins robotaxi service in Texas

Tesla launched a test run of a small squad of self-driving cabs in Austin on Sunday.

Tech News

Tesla readies for possible robotaxi launch this weekend

Tesla could be launching its Cybercab over the weekend. Is the automaker ready?

Tech News

Tesla drivers in France sue EV maker for becoming ‘far-right symbol’

The legal battle comes after Elon Musk’s support for European far-right parties, support for Donald Trump, and his activities since he entered the political arena.

Markets

Tesla stock rises as Trump-Musk feud cools and robotaxi launch nears

The tech billionaire and Tesla CEO said he regrets some of his critical social media posts about US President Donald Trump.

Tech News

The 100 ways Elon Musk allegedly benefited from Trump's White House

A new report accuses Elon Musk and the Trump administration of taking over 100 actions to benefit Musk’s companies. Here's what the report outlined.

Tech News

Trump and Musk feud: A timeline of a friendship gone sour

From “a star” to “crazy”: how the richest and most powerful men became allies and what happens next now they’ve severed ties.

Markets

Tesla stock rises as it rebounds from Trump-Musk public feud

Tesla's stock went up about 4% on Friday afternoon after the US markets opened as investors remain divided on how the feud between the automotive company's CEO Elon Musk and US President Donald Trump will play out.

Markets

BYD stock plunges after price cuts as EV sales surpass Tesla in Europe

Shares of BYD plunged following steep discounts across several models, stoking fears of a renewed price war in China’s EV market. However, the Chinese automaker is still expected to maintain robust growth, particularly against global rival Tesla.

Business

Tesla CEO Elon Musk says he will spend less on political campaigns

Tesla CEO Elon Musk has pledged to be less involved in politics and assured investors he would remain at the helm of the company for the next five years. His remarks triggered a brief intraday rebound in Tesla shares.

Business

Global EV sales up almost 30% in April, with the US falling behind

China and Europe were bright spots for the EV market in April, although sales dropped in North America, hit by Trump tariffs and uncertainty over green policies.

Mobility

How the US is relaxing regulations to lead the self-driving car race

The Trump administration is loosening regulations to help US carmakers like Elon Musk’s Tesla develop self-driving cars and compete with Chinese rivals.

Business

How China’s EV makers are navigating new paths to global expansion

Chinese EVs are particularly popular in European markets due to their affordability, sleek designs and sophisticated features.

Mobility

Tesla's brand is damaged in Europe. These EV makers are cashing in

Many have pointed to Elon Musk's embrace of far-right politics as a reason for Tesla's downturn. It's become an opportunity for these rival automakers.

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Extinction Rebellion stages Earth Day protest outside Tesla showroom

Climate activists held a demonstration outside a Tesla dealership in Manhattan on Earth Day, criticising Elon Musk and his involvement in the recently formed Department of Government Efficiency in the US.

Business

Musk vows to step back from DOGE job and put more time into Tesla

Elon Musk says he’ll be spending less time in Washington slashing government costs and more time running Tesla after his electric vehicle company reported a big drop in profits.