Tesla has announced a recall of 2,431 of its recently launched Cybertruck pickups in the US, citing a potential risk of drive power loss which could heighten the chance of crashes.
The electric automaker's shares jumped 8.2% to $321.22, catapulting the company's valuation above the trillion-dollar mark for the first time in more than two years.
Tesla CEO Elon Musk recently introduced the Cybercab, the company's new robotaxi prototype, at an event titled 'We, Robot' in Burbank, California. The vehicle is fully autonomous, designed without a steering wheel or pedals, and operates using artificial intelligence (AI) and cameras instead of lidar sensors commonly used by competitors, according to Musk.
Tesla is working on four new battery designs, including ones for its upcoming Cybertruck and robotaxis, according to a recent report by The Information. As per the report, this plan is part of a broader strategy to reduce reliance on suppliers and cut costs.
Tesla is officially recalling 125,227 vehicles in the United States, as per a recent announcement by the US National Highway Traffic Safety Administration. The cited reason for this mass recall is a seat belt warning system malfunction, which could potentially increase the risk of injuries in collisions.
Elon Musk said Tesla would invest over $500 million this year to install new superchargers, just days after a report of massive layoffs
Elon Musk's recent visit to China has stirred significant interest and speculation, drawing attention to the purpose and implications of his journey. Musk's visit, the details of which were mostly kept secret, was primarily aimed at the rollout of Tesla's Full Self-Driving (FSD) software in China, as well as receiving necessary permissions for data transfer regulations.
Tesla received a key security clearance from China during Elon Musk's whistlestop visit to the world's biggest electric car market, which wrapped up on Monday
Tesla has reported a 55% decline in profits to USD 1.13 billion for the first quarter (Q1), marked by a lengthy electric vehicle (EV) price-cutting strategy and various obstacles affecting the automaker's financial performance.
Tesla reported a big drop in quarterly profits Tuesday amid an increasingly cutthroat electric vehicle market
Tesla has officially reduced the pricing of three of its EVs: Model Y, Model X, and Model S, in the US. Each model will now cost US$2,000 each, as per an official announcement by the EV company.
Tesla has announced a recall of all 3,878 Cybertrucks shipped to date due to a potential problem with the accelerator pedal, which could become stuck, posing a risk of crashes, according to the National Highway Traffic Safety Administration (NHTSA).
Hopes of keeping the crown have rested on a long-promised $25,000 model. If the project gets scrapped, as Reuters reported on Friday, boss Elon Musk has one remaining advantage: using Tesla’s data trove to develop self-driving technology
Tesla has reportedly scrapped its plan to develop a lower-cost electric vehicle (EV) estimated to be priced around USD 25,000, according to a report by Reuters. Marking a significant shift in the company's strategy, this decision comes despite the perceived importance of such a low-cost vehicle for Tesla's broader growth trajectory.
Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages seen by Reuters
Elon Musk's auto giant reported 386,810 global deliveries over the period, down 8.5 percent, reflecting in part a weak sales market in China, where it faces heavy competition from local electric vehicle (EV) makers
Tesla has temporarily cut prices of some of its Model Y cars in the US until February 29
BYD, the Chinese vehicle giant, has dethroned the trailblazing Tesla in terms of sales
An engineer at Tesla was reportedly attacked by a robot, according to an injury report filed with regulators. The incident happened at Tesla's Giga Texas factory near Austin in 2021 but was discovered recently, as per a report by The Independent.