Tag TSLA

The major indexes erased intraday losses, with Netflix moving into a buy zone even as bitcoin stocks and Tesla stumbled. JPMorgan and United lead big earnings...

The chairwoman of the U.S. Federal Communications Commission on Thursday wrote to nine large automakers, including Elon Musk's Tesla, seeking more information about their policies involving internet-connected car technology and domestic abuse. FCC Chairwoman Jessica Rosenworcel on Thursday told Musk and the other CEOs that the federal agency is responsible for helping domestic abuse survivors with secure access to communications...

In a securities filing early Thursday, Hertz said it would be selling about 20,000 vehicles, partly unwinding a push it began in late 2021. Hertz didn’t specify which type of EVs would be sold but most of them likely are Teslas since Teslas accounted for about 80% of its EV fleet. While Hertz made a big push into EVs with about 11% of its fleet of nearly 600,000 vehicles being electric, Avis moved more cautiously...

Hertz (HTZ) is set to sell a third of its available US electric vehicle fleet citing weak rental demand and higher maintenance costs. The company expects about $245 million in charges related to depreciation expenses from the EV sale in the fourth quarter of 2023. The cars, which include various Tesla (TSLA) models, can be directly purchased by consumers on their Rent2Buy website. Yahoo Finance Autos Reporter Pras Subramanian joins the Live show to discuss the latest developments for the rental car company and the implications for the auto rental market at large. 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...

Factory workers at Tesla have been told to expect pay raises this year, a move that comes as the United Auto Workers union tries to organize the electric vehicle maker's U.S. plants. The UAW said Thursday that Tesla workers have told the union about company statements on the raises, which did not give details about the size of the increases. After winning strong contracts with Detroit's three automakers last year, the union has embarked on an effort to organize all nonunion auto plants in the U.S., including Tesla's assembly and battery factories in Texas, California and Nevada...

The EV king, Tesla Inc (NASDAQ: TSLA) got its long-awaited electric pickup on the road before 2023 ended. But its competitors, namely BYD Company Limited (OTC: BYDDY) accelerated during the last quarter of the year and surpassed Tesla for the first time, quarter-wise, although the EV king still sold the most EVs during the full year, meeting its target of 1.8 million deliveries. But 2024 kicked off with news of a new entrant entering the electric pickup game, challenging Rivian Automotive Inc (N...

BERLIN (Reuters) -Tesla will suspend most car production at its factory near Berlin from Jan. 29 to Feb. 11, the company said on Thursday, citing a lack of components due to shifts in transport routes because of attacks on vessels in the Red Sea. The partial production stop is evidence that the crisis in the Red Sea, unleashed by Iranian-backed Houthi militants attacking vessels in solidarity with Palestinian Islamist group Hamas fighting Israel in Gaza, has hit Europe's largest economy. "The armed conflicts in the Red Sea and the associated shifts in transport routes between Europe and Asia via the Cape of Good Hope are also having an impact on production in Gruenheide," Tesla said in a statement...

Hertz, which has made a big push into electric vehicles in recent years, has decided its time to cut back. The company will sell off 20,000 electric vehicles and use the money they bring to purchase more gasoline powered vehicles...

The rental car giant is selling 20,000 EVs and will lose about $245 million on the sale. The stock falls...

Tesla stock is working on its ninth loss in 10 trading days. Hertz is dumping many Tesla EVs, citing weak demand and high collision costs...