Musk seeks Tesla shareholder vote on moving incorporation to Texas
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Tesla (TSLA) sinks as SAP moves away from EV giant
February 5, 2024 3:12 PM ESTTesla's (NASDAQ: TSLA) stock dropped nearly 6% on Monday following reports that German software firm SAP would stop buying electric cars from the company.
Tesla's shares fell to $177.27, the lowest since May 2023, and has traded down 28% this year. The decline accelerated after Tesla projected "notably lower" delivery growth in... More
Global BEV sales reach a new high
February 5, 2024 11:56 AM ESTBank of America tracked electric vehicle sales for December and FY 2023 finding in December 2023 that global Battery Electric Vehicle (BEV) sales achieved a record high of 1.1 million units, marking a 19% YoY increase and pushing the penetration rate beyond 14% for the first time.
China experienced a resurgence in BEV sales, rising by 38% YoY in December and 32% in the 4Q. Meanwhile, the EU saw a 20% decline in December due to the phasing out of subsidies the previous... More
Activist investors target change at Tesla (TSLA) following Elon Musk pay ruling
February 2, 2024 11:36 AM ESTIn a recent development, activist investors targeting Tesla's (NASDAQ: TSLA) board for allegedly failing to curb CEO Elon Musk's influence believe a recent court ruling on Musk's $56 billion stock compensation may be the catalyst they need for meaningful reforms.
The pivotal moment arrived with a Delaware judge voiding Musk's record-breaking compensation, signaling... More
U.S. regulators upgrade Tesla (TSLA) power steering probe
February 2, 2024 9:59 AM ESTU.S. safety regulators have upgraded their probe into Tesla (NASDAQ: TSLA) and are looking more closely into power steering issues in the companys vehicles, taking the next step toward a potential recall.
The National Highway Traffic Safety Administration (NHTSA) announced an investigation covering around 334,000... More
Tesla (TSLA) recalls nearly 2.2M EV's in US
February 2, 2024 8:36 AM ESTElectric vehicle giant, Tesla Inc. (NASDAQ: TSLA) is recalling nearly 2.2 million EVs in the U.S. due to the size of the font on the vehicles warning lights.
According to the NHTSA release, Tesla's chosen font size for the affected vehicles fails... More
Tesla China (TSLA) offers cash discounts on select Model Y EVs
February 1, 2024 8:56 AM ESTTesla (NASDAQ: TSLA) China moves to attract more customers by offering cash discounts and introducing cutting-edge hardware upgrades for its popular Model Y vehicles.
The company announced a cash discount of 8,000 yuan ($1,114) for specific types of Model Y vehicles, starting from Thursday,... More
Tesla’s (TSLA) Elon Musk seeks shareholder vote to incorporate in Texas
February 1, 2024 8:18 AM ESTIn a late Wednesday announcement, Tesla CEO Elon Musk revealed plans to conduct a shareholder vote to decide whether to shift its state of incorporation to Texas.
Musk conducted an informal poll on X (formerly Twitter), where over 80% of respondents favored the move. Following this, Musk expressed the... More
