Tesla Signals Pullback on Goal of 20 Million Cars by 2030
Tesla omitted a previously stated goal to eventually sell 20 million vehicles a year from one of its yearly reports, adding to signs Elon Musk is prioritizing autonomy over its car business.
Tesla to Cut More Than 6,000 Jobs in Texas, California
Tesla Inc. plans to cut more than 6,000 jobs across Texas and California as part of CEO Elon Musk’s demand to slash more than 10% of the global workforce.
Musk Says Tesla Will Unveil Robotaxi in August
Tesla Inc. plans to unveil its long-promised robotaxi later this year as the electric carmaker struggles with weak sales and competition from low-cost Chinese EVs.
Tesla Sales Fall Way Short of Estimates
Tesla Inc. suffered its first year-over-year sales drop since the early days of the COVID pandemic.
Tesla Rethinks the Assembly Line
Tesla Inc. has a plan to fend off cheaper competition from China with a $25,000 electric car. But first it has to overhaul a 100-year-old manufacturing process pioneered by Henry Ford.
Tesla Beats Q4 Delivery Forecast, Falls Behind BYD Globally
Tesla Inc. delivered more vehicles than expected in the fourth quarter, though not enough for the Elon Musk-led company to stay ahead of China’s BYD Co. in global electric car sales.
Rivian Plans to Issue $1.5 Billion in Convertible Debt
Rivian Automotive Inc. shares fell the most ever after the electric-vehicle maker announced plans to issue $1.5 billion in convertible debt.
Cruise Robotaxi Collides With San Francisco Firetruck
A Cruise robotaxi collided with a firetruck late Aug. 17 in San Francisco, injuring the vehicle’s passenger.
Tesla’s Swelling Inventory Suggests Continued Price Cuts
In the two weeks since Tesla alarmed investors by revealing how much of a toll discounts were taking on its profit margins, Elon Musk has bumped prices back up across the lineup.
Tesla Tripled Austin Workforce to More Than 12,000 in 2022
Tesla Inc.’s sprawling manufacturing hub in Austin, Texas, more than tripled its employee ranks last year, the company told county officials.