In January, Tesla managed to sell only one electric vehicle in South Korea, marking its worst sales month in the country since July 2022, when it failed to sell any vehicles. The sole vehicle sold was a Tesla Model Y, which had been South Korea's best-selling imported car in September of the previous year.
"Tesla's stock price has been under significant pressure recently, experiencing a sharp decline of approximately 7% during trading hours, contributing to a cumulative drop of 30% since the beginning of the year.
"Tesla Inc. is initiating a recall for 2.2 million vehicles across the United States due to an issue identified with the font size of the warning lights on the vehicle's display, which federal safety regulators have deemed too small to ensure safe driving.
Tesla has awarded CEO Elon Musk a new stock compensation package worth approximately $29 billion, just months after a Delaware court invalidated a previous $56 billion deal that was the largest in corporate history.
Elon Musk confirmed Monday that Tesla has signed a $16.5 billion semiconductor deal with Samsung Electronics, securing next-generation chip production from Samsung's new factory in Taylor, Texas. The agreement, which runs through 2033, is intended to manufacture Tesla's AI6 chips, a successor to the AI4 chips currently powering Tesla's Full Self-Driving system.
Tesla shares fell more than 8% Thursday after the electric vehicle maker reported weaker-than-expected second-quarter results and CEO Elon Musk warned of potentially "a few rough quarters" ahead. The company's earnings miss comes as Tesla grapples with declining vehicle sales, the expiration of U.S. federal EV tax credits, and broader market competition.
Stellantis reported a €2.3 billion ($2.7 billion) net loss for the first half of 2025, marking a dramatic reversal from its €5.6 billion profit a year earlier, as U.S. tariffs, restructuring costs, and sluggish demand in core markets continue to batter the automaker's financial performance.
Uber Technologies announced Thursday a sweeping six-year partnership with electric vehicle manufacturer Lucid Motors and autonomous driving startup Nuro to roll out more than 20,000 robotaxis across major U.S. cities, signaling an aggressive push into driverless ride-hailing as competition with Waymo and Tesla intensifies.
Tesla shares tumbled as much as 7.6% in premarket trading Monday, following a weekend political clash between CEO Elon Musk and President Donald Trump. Musk's announcement of a new political entity - the "America Party" - and Trump's public rebuke triggered a sharp selloff, wiping billions from Tesla's market capitalization and intensifying investor anxiety over Musk's political distractions.
Tesla reported a 14% drop in second-quarter vehicle deliveries on Wednesday, marking its second consecutive year-over-year decline and adding pressure as Chinese rival BYD pulls further ahead in the global electric vehicle race.
Tesla shares tumbled more than 5% Tuesday after President Donald Trump threatened to investigate government subsidies received by Elon Musk's companies, reigniting a public feud between the two billionaires that has spilled into the legislative battle over Trump's multi-trillion-dollar domestic policy bill.
Tesla's vehicle sales in Europe declined for a fifth consecutive month in May, dropping 27.9% year-over-year to 13,863 units, according to data released Wednesday by the European Automobile Manufacturers Association (ACEA). The slide comes amid growing competition from Chinese electric vehicle makers and mounting reputational issues linked to CEO Elon Musk.
Tesla launched its first paid robotaxi service in Austin, Texas, on Sunday, deploying a small fleet of autonomous Model Y vehicles equipped with remote supervision and in-car safety monitors. CEO Elon Musk declared the pilot program live with a post on X, writing: "The @Tesla_AI robotaxi launch begins in Austin [Sunday] afternoon with customers paying a $4.20 flat fee!"