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.
"Is Twitter dying?" billionaire Elon Musk mused in April, five days before offering to buy the social media platform. The reality, according to internal Twitter research seen by Reuters, goes far beyond the handful of examples of celebrities ghosting their own accounts. Twitter is struggling to keep its most active users - who are vital to the business - engaged, underscoring a challenge faced by the Tesla chief executive as he approaches a deadline to close his $44 billion deal to buy the company.
Telsa, the acclaimed electric automaker, starts laying off employees just a few days after Elon Musk, warned about the impending job cuts. Christopher Bousigues, the country manager of Singapore, updated his peers with a LinkedIn post, terming his position being eliminated.
Tesla (TSLA.O) CEO Elon Musk has a "super bad feeling" about the economy and needs to cut about 10% of jobs at the electric carmaker, he said in an email to executives seen by Reuters.
Elon Musk said on Friday his $44-billion deal for Twitter Inc was temporarily on hold, citing pending details on spam and fake accounts.
Elon Musk clinched a deal to buy Twitter Inc (TWTR.N) for $44 billion cash on Monday in a transaction that will shift control of the social media platform populated by millions of users and global leaders to the world's richest person.
If we are to have an inclusive society, we can’t simply “cancel” those who we don’t agree with.
5 visionaries that pressed a rest button on the automobile world
It's been 126 years since the first successful electric car (or more accurately, carriage) came out and for the entire time, the journey has been a race between time and tech. Then and now.
