Category: tesla

4 Alive in ‘Miracle’ After Car Plunges Off California Cliff

MONTARA, Calif.—A 4-year-old girl, a 9-year-old boy, and two adults survived Monday after their car plunged off a Northern California cliff along the Pacific Coast Highway near an area known as Devil’s Slide that’s known for fatal wrecks, officials said. The Tesla sedan plummeted more than 250 feet from the highway and crashed into a…


4 Alive in ‘Miracle’ After Tesla Plunges Off California Cliff

MONTARA, Calif.—A 4-year-old girl, a 9-year-old boy, and two adults survived Monday after their car plunged off a Northern California cliff along the Pacific Coast Highway near an area known as Devil’s Slide that’s known for fatal wrecks, officials said. The Tesla sedan plummeted more than 250 feet from the highway and crashed into a…


Tesla Says It Sold a Record 1.3 Million Vehicles Last Year

AUSTIN, Texas—Tesla said Monday that sold a record 1.3 million vehicles last year, but the number fell short of CEO Elon Musk’s pledge to grow the company’s sales by 50 percent nearly every year. The 2022 figure topped the prior record of 936,000 vehicles delivered in 2021, but it was shy of the 1.4 million…


Tesla Used Car Price Bubble Pops, Weighs on New Car Demand

SAN FRANCISCO—Tesla buyers who waited months for their new car have had an unusual choice for much of the past two years: keep the new electric vehicle, or sell it at a profit to someone with less patience. But the days of the Tesla flip are numbered—a potential threat to new car prices that are…


Tesla Shares Extend Losses on Demand Worries in China

Tesla Inc. shares fell 11.4 percent on Tuesday after a Reuters report that Tesla was planning to run a reduced production schedule in January at its Shanghai plant sparked worries of a drop in demand in the world’s biggest car market. The stock, which fell to its lowest in more than two years and had…


Elon Musk Says He Won’t Sell Tesla Stock for 2 Years, Predicts ‘Serious Recession’ in 2023

Elon Musk, the billionaire head of Tesla, Space X, and Twitter, on Thursday predicted a “serious recession” in 2023 and promised not to sell Tesla stock next year “under any circumstances.” Speaking in a Twitter Spaces audio forum, Musk also assured investors Tesla hadn’t “skipped a beat on execution” since he took over Twitter. Twitter required an…


US Probing Automated Driving System Use in 2 Tesla Crashes

The U.S. government’s highway safety agency said Thursday it will send teams to investigate two November crashes in California and Ohio involving Teslas that may have been operating on automated driving systems. The probes bring to 35 the number of crashes investigated by the National Highway Traffic Safety Administration (NHTSA) since 2016 in which either…


Tesla Shares Tank After Doubling US Discounts on Key Models

Tesla Inc shares tanked on Thursday after the luxury electric car maker started offering $7,500 discounts on Model 3 and Model Y vehicles delivered in the United States this month, fueling concerns the company is facing softening demand as economies slow. On Dec. 1, Tesla started offering a $3,750 “credit” on Model 3 and Model…


Sen. Warren Demands Answers From Tesla as Investors Want Elon Musk to Refocus on EV Maker

Sen. Elizabeth Warren (D-Mass.) has renewed her battle with Tesla Motors and Twitter CEO Elon Musk, expressing concerns that he has failed in his legal responsibilities. In a letter (pdf) to Robyn Denholm, the chair of Tesla’s board, Warren asserted that Musk has potentially violated his legal duties since he acquired Twitter for $44 billion….


Sen. Warren Seeks Answers From Tesla as Investors Want Musk to Refocus on Carmaker

Sen. Elizabeth Warren (D-Mass.) has renewed her battle with Elon Musk, the CEO of Twitter and Tesla, expressing concerns that he has failed in his legal responsibilities to the carmaker. Warren claimed in a letter (pdf) to Tesla Chair Robyn Denholm that Musk has potentially violated his legal duties since he acquired Twitter for $44 billion….