A new SEC filing shows Elon Musk increased his ownership of Tesla (TSLA) to 20.5%, drawing him ever closer to his goal of having a 25% voting stake in the company. It's been a wild 2024 so far for the EV maker, with its shares under pressure and Musk's massive $56 billion Tesla pay package struck down by a Delaware court, prompting him to discuss moving the company's incorporation to Texas.  Westly Group Founder and Managing Partner, and former Tesla board member, Steve Westly join Yahoo Finance to discuss Musk, his leadership of Tesla, the company's performance, and why he believes it will have a tough time in 2024. Westly comments on what Musk and Tesla need to focus on for 2024: "They need to scramble to find the next growth wave, $25,000 car, at least 18 months out, that may be a game changer, might get them back to 30 or 40% growth. What are you going to do in the next 18 months? And I think they've got three shots on goal. They've got the self-driving vehicle with robotaxis. Probably still three five years out. They've got an energy division which most people don't even think about, and that is doing $6 billion last year on the way to maybe $8 or $9 billion this year, growing 50%. That could be a $20 billion division and then they've got the global charging network, because everybody has basically thrown up the white flag, signed a deal with Tesla to be able to use their global charging network. They've got to make one of these three things to work to get the growth cycle back." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino...

The future didn't look very bright this morning...

Automaker Ford (F) has announced price cuts for its 2023 Mustang Mach-E by up to $8,100 in an attempt to remain competitive amid the electric vehicle slowdown. Yahoo Finance Senior Autos Reporter Pras Subramanian takes a closer look at this price change and how Ford's all-electric Mustang matches up to Tesla’s (TSLA) Model Y. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Eyek Ntekim...

Ford Motor is cutting prices for its all-electric 2023 Mustang Mach-E, which is a negative sign about lithium demand...

The Tesla exec is part of a line of tech leaders who are sharing their wellness habits with employees to help create a healthier—and more productive—office culture...

Tesla's ambitions to expand its German plant hit a roadblock when citizens voted against a motion to raze down trees and make way for the larger site, the mayor of Gruenheide said to Reuters on Tuesday. Citizens in Gruenheide voted against the motion on Tuesday to clear enough forest for the company to build extra logistical spaces like a train station and warehouses, leaving it to local authorities to decide how to proceed. Tesla was not immediately available for comment...