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 cars worth 25,000 euros (about $26,838) are planned to be built at a factory in Berlin, Germany, as per a source close to the international EV maker Tesla. According to autos research firm JATO Dynamics, the average retail price of an EV in Europe in the first half of 2023 was over 65,000 euros, compared to just over 31,000 euros in China.
BMW is revisiting its historical innovation, the "Neue Klasse," this time as an all-electric offering.
Tesla Inc., the multinational electric vehicle company, is set to appear in court to defend against claims that the malfunction of their autopilot driver feature resulted in accidents that led to death.
Tesla, the electric vehicle manufacturer led by Elon Musk, has introduced a distinctive cat bed in China that draws inspiration from the design of the company's forthcoming electric pickup truck, the Cybertruck. The 'Cybertruck Multifunctional Corrugated Cat Nest' is crafted from angular cardboard and features an angular shape reminiscent of the Cybertruck's unique aesthetic.
Malaysia's Trade Ministry in March said Tesla will open an office, showrooms and service centers in the country and establish a network of charging stations for its cars, but did not say when
Tesla Inc (TSLA.O) CEO Elon Musk has said that the company can make no new hires unless he personally approves them, including contractors, according to a copy of the email seen by Reuters.
Tesla Inc. will reportedly fix software problems in more than 1 million vehicles, according to China's official market regulator. The software fix is being mandated to reduce accidents in Tesla's automated vehicles, states the regulator.
Elon Musk and a group of artificial intelligence experts and industry executives are calling for a six-month pause in developing systems more powerful than OpenAI's newly launched GPT-4, in an open letter citing potential risks to society.
Elon Musk, Tesla Inc's (TSLA.O) chief executive, testified on Friday that investors do not always react to his Twitter messages as he expects, defending himself in a fraud trial over his 2018 tweet that he had funding to take the electric carmaker private.
Tesla will reportedly begin mass production of its all-electric truck, Cybertruck, at the end of 2023.
