Tesla is in trouble, facing down hundreds of millions in fines on a single Autopilot wrongful death claim, accusations of covering up evidence, and plummeting sales in Europe, China, and the US. But, hey – that’s no reason to NOT give Elon a $29 billion bonus, right? Find out more on today’s troubling episode of Quick Charge! We’re also helping Costco …
Read More »Tesla’s run of rough European sales continues as Germany and U.K. sales halved in July MarketWatch Tesla sales in Britain and Germany fall by more than 55% as China’s BYD soars CNBC Tesla’s German car sales more than halved in July Reuters Tesla’s UK sales plummet 60% as BYD surges Financial Times Tesla Sales Keep Slumping in Europe With BYD Gaining Ground Bloomberg.com Source link
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Elon Musk claims to have slashed billions of dollars worth of wasteful spending during his time as head of the Department of Government Efficiency (DOGE)—but his controversial role may have done more damage to his pocketbook than he anticipated. This year alone, Musk has lost some $80 billion in his net worth, bringing his current value to about $352 billion—a …
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The long-promised “more affordable” Tesla model has been spied on Chinese social media, and it’s disappointingly about what we expected: a slightly decontented version of the Model Y. For many years, Tesla had planned to build a much more affordable vehicle, starting around $25k. This vehicle was nicknamed the “Model 2,” and would have offered the most affordable entry point …
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Elon Musk has provided some details about Tesla’s AI6 production deal with South Korean tech giant Samsung. As per Musk, Samsung’s upcoming Texas fabrication facility will be dedicated to the production of Tesla’s AI6 chip. Musk’s update suggests that Tesla is already laying the groundwork for the ramp of its next-generation products like the Cybercab and Optimus. Samsung AI6 production …
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The autonomous Model Ys will reportedly have a person in the driver’s seat and rides will be limited to invited guests only Tesla begins limited Robotaxi testing in San Francisco with human safety drivers. California rollout only allows employees, family, and select participants to ride. The company requested expanded testing permits from California regulators recently. Τesla is about to widen …
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July 26, 2025 By Karan Singh During a major update presented during the Q2 2025 Earnings Call, Tesla confirmed that its plans for a new, more affordable vehicle are finally on track for sales to begin later this year. Tesla originally stated that production for the more affordable model would begin by the end of the first half of 2025, …
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Facebook Tweet Email Link A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here. NEW YORK — If you happened to glance at Tesla’s second-quarter earnings report Wednesday night, you might not be surprised that the company’s stock was getting pummeled on Wall Street Thursday morning. Put simply: …
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Elon Musk has finally confirmed that Tesla’s new ‘affordable’ electric car is just going to be the Model Y in a cheaper format. Musk has ended months of speculations and misinformation, which he partly created, about Tesla’s upcoming cheaper electric vehicle model. Since last year, Tesla has guided “launching new affordable models” in the first half of 2025. We are …
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Topline Shares of Tesla plunged Thursday morning, accounting for a more than $17 billion cut to Elon Musk’s net worth, after Musk warned his automaker would likely have a “few rough quarters” ahead as federal electric vehicle tax credits expire soon. Musk said his automaker “probably could have a few rough quarters” ahead as federal electric vehicle … More credits …
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