Tag TSLA

Tesla is recalling 120,423 vehicles in the U.S. over the risk of cabin doors being unlocked during a crash, the country's road safety regulator said on Friday, days after announcing another recall by the electric-vehicle maker. The Elon Musk-led automaker has released an over-the-air (OTA) software update to address the issue, the National Highway Traffic Safety Administration (NHTSA) said. The recall affects 2021-2023 Model S and Model X vehicles as the units fail to comply with certain federal safety standards for side-impact protection...

The electric vehicle company's market cap would have to rise to $1.6 trillion...

Tesla has bought a parcel of land in Shanghai for a factory where it will build its Megapack large-scale batteries, according to Xinhua, the state news agency. The US carmaker will produce 10,000 massive batteries a year at the Megafactory in Shanghai's Lingang free-trade zone (FTZ) when construction of the plant is complete. A land acquisition agreement was signed on Friday morning, Xinhua said. "After securing the site, Tesla will officially launch the project with substantial steps taken to g...

American electric automaker Tesla's plans to produce energy-storage batteries in China moved forward on Friday with a signing ceremony for the land acquisition for a new factory in Shanghai, China's state media said. Construction is scheduled to start early next year with production to come on line by the end of the year, the official Xinhua News Agency said. The factory won't build batteries for cars but for electric utilities and other companies to store power...

Nike sees sales softening in the second half of fiscal 2024, an analyst reduces fourth-quarter delivery estimates for Tesla, and Rocket Lab secures a $515 million contract for space vehicles...

Tesla and China-based BYD are financially similar. Both car makers generated almost identical operating profit in the third quarter. The one big difference: their valuations...

(Bloomberg) -- The shift away from cars with dirty combustion engines is running into a new hurdle: Drivers don’t want to buy used electric vehicles, and that’s undermining the market for new ones, too.Most Read from BloombergHyperloop One to Shut Down After Failing to Reinvent TransitHarvard Financial Pain Grows as Blavatnik Joins Donor RevoltVilified Zero-Day Options Blamed by Traders for S&P DeclineGiuliani Files for Bankruptcy After $148 Million Defamation LossTencent Leads $80 Billion Rout...

Tesla has acquired land in Shanghai for a megapack battery manufacturing plant with production expected to start in the fourth quarter of 2024, Chinese state media reported on Friday. Tesla paid 222.42 million yuan ($31.13 million) for use rights to a 19.7-hectare (48.7 acres) plot, a separate government statement said on Thursday. The site is near an existing Tesla plant producing Model 3 and Model Y cars...

The angular, polarizing design of the Cybertruck will help boost the Tesla brand, the electric vehicle maker's chief designer said on Thursday, adding that the pickup was no experiment. "Love it or hate it, it's a conversation starter, and it gets people talking about the brand," Tesla Chief Designer Franz von Holzhausen said at the Petersen Automotive Museum in Los Angeles, which is adding Cybertruck models to a Tesla exhibit. The long-delayed Cybertruck starts at a price of $60,990, over 50% more than what CEO Elon Musk had touted in 2019, with a smaller range than originally promised...

The company is embracing the polarizing look of its newest vehicle as a way to draw customers to the brand...