Tesla dominates the U.S. electric vehicle market. Now it wants stricter regulations to gain an edge. Tesla is urging the Biden administration to adopt stricter fuel economy standards than regulators have proposed, which will irritate legacy automakers like General Motors, Ford, and Stellantis. These three companies face $10.5 billion in …
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On Thursday, the EEOC sued Tesla for tolerating widespread and ongoing racial harassment of its Black employees and retaliating against those who opposed it. Tesla faces multiple racial bias lawsuits from the federal agency that enforces civil rights laws. Tesla was sued by the California Civil Rights Department in 2022 …
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Xpeng is buying Didi’s smart EV assets for $744 million, marking another major alliance for the Tesla challenger in recent months. Didi announced on Monday that the two will collaborate to “promote the global application of smart electric vehicles and technologies.” In 2024, Xpeng will launch a new sub-brand called …
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Tesla blamed insider wrongdoing for a data breach that affected over 75,000 employees. Tesla, owned by Elon Musk, filed a data breach notice with Maine‘s attorney general after an investigation found that two former employees leaked over 75,000 personal data to a foreign media outlet. In the notice, Tesla data …
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According to a new Reuters report, Tesla overstated its EVs’ range estimates, causing owners to flood its service center. Elon Musk ordered algorithms to boost range numbers, according to anonymous sources and industry experts. Service requests skyrocketed with sales. Tesla created a “diversion team” to handle “range cases”—owners complaining of …
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According to a Monday court filing, Tesla directors will pay $735 million to settle shareholder claims that they overpaid themselves. A Tesla stock-holding retirement fund settled its 2020 lawsuit. Starting in June 2017, the Detroit Police and Fire Retirement System criticized Tesla directors’ stock options, including CEO Elon Musk, his …
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Tesla announced its first Cybertruck was produced in Texas over the weekend. Before Tesla’s second quarter 2023 earnings call, the futuristic pickup truck debuts. In 2019, Tesla CEO Elon Musk revealed the Cybertruck, however production has been delayed. Since 2021, Tesla has delayed production and delivery of the truck because …
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According to a late Tuesday website update, Tesla’s Model 3 and Model Y electric vehicles’ $7,500 federal tax credits may be reduced after December 31. The website states that customers who take delivery of a qualified new Tesla and meet all federal requirements are eligible for a $7,500 tax credit. …
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Tesla beat Wall Street delivery estimates in the second quarter of 2023 due to price cuts and the Biden administration’s federal electric vehicle tax credits. The Elon Musk-owned EV maker produced 479,000 units and delivered 466,140. That’s up 10% from the first quarter’s 422,875 Tesla EVs and 83% year-over-year. Delivery …
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Tesla CEO Elon Musk says the company wants to invest in India and bring the electric carmaker there “as soon as humanly possible.” Musk hopes to “announce something in the not too distant future” with Indian Prime Minister Narendra Modi after a “very good” conversation on Tuesday. Tesla and New …
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