Tesla plans six-seat Model Y, production slated for 2025 in China
By Zhang Yan and Casey Hall SHANGHAI (Reuters) - Tesla plans to produce a six-seat variant of its Model Y car in China from late 2025, two people with direct knowledge of the matter said, as the U.S. automaker strives to
Elon Musk, Tesla win dismissal of lawsuit claiming they rigged dogecoin
By Jonathan Stempel NEW YORK (Reuters) - Elon Musk and his electric vehicle company Tesla won the dismissal of a federal lawsuit accusing them of defrauding investors by hyping the cryptocurrency dogecoin and conducting insider trading, causing billions of dollars of
Tesla can challenge Louisiana direct sales ban, US appeals court rules
By Jonathan Stempel (Reuters) - A divided federal appeals court on Monday revived a lawsuit in which Tesla, the electric car company run by billionaire Elon Musk, challenged Louisiana's ban on direct vehicle sales to consumers. In a 2-1 decision, the 5th
China’s robot makers chase Tesla to deliver humanoid workers
By Qiaoyi Li and Kevin Krolicki BEIJING (Reuters) - China dominates the market for electric vehicles. Now it's chasing Tesla in the race to build battery-powered humanoids expected to replace human workers building EVs on assembly lines. At the World Robot Conference
Tesla to recall more than 9,000 Model X SUVs, NHTSA says
By Akash Sriram (Reuters) -Tesla is recalling 9,136 Model X sports utility vehicles over a trim on the roof that could separate, increasing the risk of a crash, the National Highway Traffic Safety Administration (NHTSA) said. This marks a rare physical recall
Tesla car that killed Seattle motorcyclist was in ‘Full Self-Driving’ mode, police say
By Hyunjoo Jin SAN FRANCISCO (Reuters) - A Tesla Model S car was in "Full Self-Driving" mode when it hit and killed a 28-year-old motorcyclist in the Seattle area in April, police said, making it at least the second fatal accident
Tesla profit margins worst in five years as price cuts, incentives weigh
By Hyunjoo Jin, Akash Sriram (Reuters) - Tesla on Tuesday reported its lowest profit margin in more than five years and missed Wall Street earnings targets in the second quarter, as the electric vehicle maker cut prices to revive demand while
Tesla deliveries set to fall for second straight quarter
By Akash Sriram and Hyunjoo Jin (Reuters) - Tesla's June-quarter deliveries likely fell 6%, the first time the top EV maker is set to post two straight quarters of decline, as it deals with stiff competition in China and slow demand
Musk’s outrageous salary forces thinking on how to curb the gold rush
Musk's outrageous salary forces: Tesla shareholders voted in favour of Elon Musk's compensation package, which originally amounted to $56 billion. A monstrous figure that caused tension and complications inside and outside the company. The plan had been approved in 2018