Elon Musk says he has found new Twitter CEO

Tesla (TSLA) faces another lawsuit over impact of software updates on EV batteries

Tesla (NASDAQ: TSLA) is again confronted with a class action lawsuit for limiting the battery capacity inside its vehicles through a software update. A group of U.S. Tesla Model S and Model X owners filed a proposed class-action lawsuit against the electric vehicle manufacturer on Friday claiming the companys automatic software updates allegedly resulted in reduced driving range or even battery... More

Soros exits Tesla (TSLA), reduces Rivian (RIVN) stake after 90% drop from peak

Soros Fund Management, the family office of George Soros, cut its holdings in Rivian Automotive (NASDAQ: RIVN) following the electric automakers 90% share decline from its intraday peak in November 2021. The billionaire also slashed its $16 million stake in Tesla (NASDAQ: TSLA), effectively eliminating their investment in the EV giant.

Soros purchased... More

Tesla's 'Unboxed Process': Revolutionizing auto manufacturing or a risky endeavor?

Tesla (NASDAQ: TSLA) introduced a new vehicle-assembly systemin March, sparking instant buzz and debate among industry specialists on whether the system, known as the "unboxed process," devised by CEO Elon Musk is a radical innovation, a visionary departure from traditional methods, a derivative concept, or a combination.

Musk believes the company needs to radically rethink conventional manufacturing methods in order to produce electric vehicles at larger volumes that are both more affordable and profitable.

Investors have eagerly anticipated the revelation of what many consider to be Tesla's holy grail: an electric... More

Tesla (TSLA) gains valuable endorsement for FSD in China

Electric vehicle giant, Tesla (NASDAQ: TSLA) has gained an important partner in their mission to promote their vehicles, as well as the companys full self-driving program in China.

The Shanghai Municipal Commission of Economy and Informatization (SMCEI) has effectively endorsed the company through a public commitment released by the SMCEI, which was subsequently reported initially... More

Tesla (TSLA) revamps referral program with a chance to win a free Cybertruck

It appears that Tesla (NASDAQ: TSLA) has overhauled its Referral Program, and the changes are quite intriguing. According to observations from the Tesla community, the updated program offers credits towards vehicle purchases, along with an enticing lottery for a pre-release version of the Cybertruck.

According to the electric automakers support page, both existing and new owners are eligible to receive credits. Existing Tesla owners can obtain Referral Credits,... More

Tesla (TSLA) raises prices on Model S, X, and Y vehicles in the U.S.

Shares of Tesla (NASDAQ: TSLA) are up more than 2% in pre-market trading Friday after the electric vehicle giant increased the U.S. prices of its Model S, X, and Y electric vehicles by low single-digit percentages on Thursday, though prices are still considerably lower than at the beginning of the year.

The companys website showed raised prices... More

Tesla (TSLA) to recall 1.1M imported and China-made vehicles

Chinese regulators announced Friday they received a notification from Tesla (NASDAQ: TSLA) that the electric automaker will deploy software updates to more than 1 million vehicles to allow changes to braking methods and more warnings about the use of accelerator pedals.

According to... More

CPCA releases April NEV sales data, BYD leads holding 34.5% of the market

Sales of electric cars and plug-in hybrids in China fell slightly in April. According to data from the China Passenger Car Association (CPCA), 606.8k new energy vehicles (NEVs) were sold in April, a 2% drop from March. However, compared year-on-year, this marks an increase of 116%. Aprils NEV penetration rate reached 33.9%, a 2.9ppt jump over March and a 5.9ppt jump over last year.

A look at the manufacturers shows that BYD heads the list with 209.5k NEVs, a 99% increase over last years numbers, bringing... More