Tesla Inc. has applied for a transportation charter-party carrier permit in California, signaling its intent to enter the ride-hailing market. This move could provide a crucial new revenue stream as the company faces declining electric vehicle sales, marking its first annual sales drop in over a decade.
Elon Musk Loses $137 Billion as Tesla Stock Plunges 40% Since December High
Elon Musk, the CEO of Tesla and SpaceX, has seen a significant decline in his net worth. As of recent reports, his net worth has dropped by $137 billion from its peak on December 18, falling from $486 billion to $349 billion.
Tesla Expands Giga Texas Operations with Autonomous Vehicle Tech and Cybercab Development
Tesla Inc. is continuing to upgrade its gigafactory in Texas with infrastructural and technological improvements. According to Omead Afshar, a Tesla executive, “Exciting things continuing at Giga Texas!” The factory has been upgraded to produce the company’s refreshed Model Y, and a tunnel now runs under the highway to reduce travel by a kilometer from the end of the production line to the logistics yard.
USDA Invests $1 Billion to Fight Bird Flu, Aims to Reduce Egg Costs by Summer
The US government is investing up to $1 billion to fight the ongoing bird flu epidemic, with the goal of reducing egg costs by summer. This move aims to address the skyrocketing prices of eggs, which have been a major contributor to inflation in the country.
Tesla's 500,000 EV Quarterly Delivery Goal Deemed Unlikely for 2025
Tesla Inc. researcher Troy Teslike has expressed doubts about the company’s ability to deliver 500,000 vehicles in a quarter in 2025. This skepticism is primarily due to “brand sentiment issues.” In this article, we will delve into the reasons behind this prediction and explore the current state of Tesla’s deliveries.
Tesla Begins Delivering Updated Model Y in China, US Shipments to Start in March Under Elon Musk's Leadership
Elon Musk, the CEO of Tesla Inc., has announced that the company has started delivering its refreshed Model Y in China. Meanwhile, US customers who have placed orders for the vehicle are still waiting for their deliveries to begin, which is expected to start in March.
Tesla's Value Plummets Below $1 Trillion As Stock Drops 8% Amid Elon Musk Backlash
Tesla Inc. saw its market capitalization fall below the $1 trillion mark as shares plummeted 8.39% to $302.80, bringing the company’s valuation to $948.81 billion.
Tesla Purchases Assets of Insolvent German Technology Company Manz
Tesla Automation GmbH, a subsidiary of Tesla Inc., has reached an agreement to purchase assets from the German technology company Manz AG. The deal includes the acquisition of Manz’s Reutlingen facility and over 300 employees.
Tesla Fights Chinese Rivals at a Disadvantage
Tesla, Inc. is facing a tough time in the electric vehicle (EV) market, particularly in China. The company’s stock has been plunging, extending its three-day losing streak. To make matters worse, an analyst has reiterated a Sell rating on the stock due to the rollout of Full Self-Driving (FSD) features in China.
Tesla Loses Key Designer David Imai to Arc Boats Under Elon Musk's Leadership
Tesla Inc.’s Director of Design, David Imai, has made the decision to leave the electric vehicle company to join Arc Boats, a manufacturer of electric boats, as their Chief Designer.