In other global news.. BYD.. Chinese automaker has hit a milestone in its second quarter earnings, breaking records in electric and hybrid plug-in vehicle sales

BYD's record earnings in June quarter

Tesla's shares have gained nearly 6% on Monday, following a key Wall Street brokerage's decision to add the stock to its watch list ahead of the automaker's quarterly production and delivery report.

Tesla remains a contender in the EV market demand challenges

While tech firms within the 'Magnificent 7' stocks are witnessing a great upswing, Tesla has experienced an equally historic downfall. The company has lost a quarter of its value in 2024 and is the worst-performing stock on the S&P 500.

Tesla deliveries continue to fall in 2024

In what is a major overhaul to what has long been recognized as a brand’s Initial Quality Study (IQS), JD Power has incorporated franchise dealership repair visits with the Voice of the Customer (VOC) to provide a full view of vehicle quality as it pertains to the model year 2024.

BEVs face issues despite leveling playing field with Tesla: JD Power

Toyota, despite its cautious approach to fully electric vehicles, appears to be adapting to the changing automotive landscape. The company has announced that it will open Lexus charging stations to other electric vehicle (EV) brands in Japan, a strategy reminiscent of Tesla's approach in the United States and globally.

After Tesla, Toyota opens Lexus charging stations to other EVs

Tesla's new AI supercluster was finally unveiled by CEO Elon Musk and it is expected to ramp up to over 500 MW, which will make it one of the largest if not the largest in the world.

Musk claims new Tesla AI supercluster will exceed 500 MW

Tesla CEO Elon Musk has announced a new stock-based compensation plan for high-performing employees, as revealed in an internal memo. This move comes at a critical time for the electric vehicle (EV) manufacturer, which has been grappling with slowing demand and increased competition from Chinese EV makers.

Tesla to introduce stock-based compensation for high-performing employees

In a significant development for Tesla, a U.S. judge has ruled that vehicle owners can pursue a proposed class action against the electric car giant, accusing it of monopolising the market for repairs and parts.

Tesla faces class action over repair monopolisation

Tesla has taken legal action against its former supplier, Matthews International, by filing a lawsuit in a California federal court. The allegations put forth by Tesla are serious in nature, claiming that Matthews International has misappropriated confidential trade secrets pertaining to Tesla's cutting-edge battery manufacturing process.

Tesla sues former supplier Matthews over EV battery trade secrets

Tesla CEO Elon Musk is working on another strategic development being referred to as 'Master Plan Part 4'. The previous ‘master plans’ have been strategic guides for the company, defining its path to success.

Elon Musk working on ‘Tesla Master Plan Part 4’

In a recent stockholder meeting, Tesla CEO Elon Musk announced the development of three new electric vehicles (EVs). This announcement, streamed live on YouTube, has created a buzz in the automotive world.

Tesla unveils plans for three new EVs, but future of roadster uncertain

During Thursday's annual shareholder meeting, Tesla CEO Elon Musk described himself as a catalyst for the company’s future, as shareholders approved a USD 56 billion pay package for him based on current stock prices.

Buying EV batteries from suppliers costs less versus Tesla's own: Elon Musk

Tesla shareholders recently voted to reinstate Elon Musk's substantial pay package, but the decision has sparked mixed reactions among investors and analysts. Despite the approval, some remain sceptical about the implications for the company's future.

Tesla's future in question: Navigating what lies ahead of Musk's pay package

In a surprising move, Tesla CEO Elon Musk announced the extension of Full Self-Driving (FSD) transferability for one more quarter. This decision marks another chapter in Tesla's ongoing saga of fulfilling its FSD promises to its loyal customer base.

Tesla reinstates FSD transfers for another quarter

Tesla's shareholders have overwhelmingly voted to approve a $56 billion pay package for Elon Musk, despite ongoing debates and legal challenges surrounding the compensation plan.

Tesla's $56 billion gamble: Is Elon Musk worth the price?

Elon Musk, the CEO of Tesla, has presented an ambitious and far-reaching vision for the company's future, centered around the development and deployment of its Optimus humanoid robots.

Elon Musk confident about Tesla’s Optimus, promises 1000 working robots by 2025

In a significant development in the battle against intellectual property theft, Klaus Pflugbeil, a 58-year-old Canadian national residing in China, has admitted to stealing trade secrets from Tesla, the leading electric-vehicle manufacturer, and conspiring to sell them to individuals he believed to be Long Island businesspeople.

Canadian national admits to conspiracy to sell stolen Tesla trade secrets

Elon Musk's pay package secures overwhelming support Tesla shareholders have voted to approve a $56 billion pay package for CEO Elon Musk, marking one of the highest reward accords in US business history.

Tesla shareholders approve $56 billion pay package for Elon Musk

The California Public Employees' Retirement System (CalPERS), one of the largest pension funds in the United States and a significant shareholder in Tesla, has announced its intention to vote against CEO Elon Musk's USD 56 billion compensation package at the upcoming annual shareholder meeting.

CalPERS opposes Musk's USD 56 billion pay package

KLP, Norway's largest pension fund, plans to vote in favour of a shareholder proposal urging Tesla to engage in wage and labour negotiations amid ongoing industrial action in Sweden.

Norwegian pension fund KLP to support labour negotiations at Tesla AGM

Elon Musk confirms major investment in Nvidia technology Tesla Inc. plans to spend between $3 billion and $4 billion on Nvidia Corp. hardware this year, CEO Elon Musk said in a post on X, formerly known as Twitter, on Tuesday.

Tesla to spend up to $4 Billion on Nvidia hardware amid AI expansion

Tesla is facing a shareholder showdown over CEO Elon Musk's controversial 56 billion dollar compensation plan. Proxy advisory firms ISS and Glass Lewis, who hold significant sway over investor votes, have both recommended rejecting the massive payout.

Tesla board scrambles for shareholder support

The National Highway Traffic Safety Administration (NHTSA) has announced that Tesla is recalling 125,227 vehicles in the United States due to a flaw in its seat belt warning system, which poses an increased risk of injury in the event of a collision.

Tesla to recall 125,227 vehicles over faulty seat belt warning system

Tesla has released some big figures in its 2023 Impact Report, focussing on how much of the natural resources can be saved if the global economy transitions to a fully sustainable model.

Impact Report 2023: Each Tesla on the road avoids about 51 tons of C02e

tesla

Tesla, News on Tesla, stories on Tesla, articles on Tesla, Tesla stories at Wion, Tesla news, Tesla latest news