A Tesla plunged 250 feet off a cliff in San Mateo County, California on Monday, but all the four occupants of the car survived the fall. There were two adults and two children, aged four and seven, in the car at the time of the incident and all of them have been rescued. They were travelling on the Pacific Coast Highway when the car went over the cliff at Devil’s Slide, south of the Tom Lantos tunnel. It landed near the water’s edge, the Cal Fire San Mateo-Santa Cruz Unit said.&nbsp;

The driver has been arrested on suspicion of attempted murder and child abuse, the California Highway Patrol said.

He has been identified as Dharmesh A&nbsp;Patel from Pasadena, California, and will be booked into San Mateo County Jail after he’s released from the hospital.

Cal Fire/Coastside Fire Incident Commander Brian Pottenger told reporters that the car landed on its wheels.&nbsp;

"It’s fairly common that we get vehicles off these cliffs," Pottenger said. However, it is “very, very rare” for people to survive such a steep fall.

Also Read |&nbsp;<a href="https://www.wionews.com/world/tesla-owner-cancels-christmas-plans-as-the-car-would-not-charge-in-freezing-weather-546684">Tesla owner forced to cancel Christmas plans as the car would not charge in freezing weather</a>

“We were actually very shocked when we found survivable victims in the vehicle. So that actually was a really hopeful moment for us,” Pottenger said.&nbsp;

Firefighters reached the scene and rescued the children first while the adults waited for helicopters to carry them to safety.&nbsp;

Pottenger said both kids were in car seats that "saved their lives."

"The car seats actually did their job. Amazingly, they stayed in place. They were intact, and there was no damage to them," he said.

Videos shared by the California Highway Patrol showed helicopters lowering rescuers to lift the adults.&nbsp;

All of them were transferred to Stanford Medical Center. While the children suffered minor musculoskeletal injuries, the adults sustained moderate traumatic injuries in several areas.

The highway patrol is investigating what caused the accident. However, they said that the vehicles didn't seem to be in self-driving mode at the time of the accident.

(With inputs from agencies)

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A Tesla plunged 250 feet off a cliff in San Mateo County, California on Monday, but all the four occupants of the car survived the fall. There were two adults and two children, aged four and seven, in the car at the time of the incident and all of them have been rescued.

A Tesla plunged 250 feet off a cliff in San Mateo County, California on Monday, but all the four occupants of the car survived the fall. There were two adults and two children, aged four and seven, in the car at the time of the incident and all of them have been rescued. They were travelling on the Pacific Coast Highway when the car went over the cliff at Devil’s Slide, south of the Tom Lantos tunnel. It landed near the water’s edge, the Cal Fire San Mateo-Santa Cruz Unit said. The driver has been arrested on suspicion of attempted murder and child abuse, the California Highway Patrol said. He has been identified as Dharmesh A Patel from Pasadena, California, and will be booked into San Mateo County Jail after he’s released from the hospital. Cal Fire/Coastside Fire Incident Commander Brian Pottenger told reporters that the car landed on its wheels. "It’s fairly common that we get vehicles off these cliffs," Pottenger said. However, it is “very, very rare” for people to survive such a steep fall. Also Read | Tesla owner forced to cancel Christmas plans as the car would not charge in freezing weather “We were actually very shocked when we found survivable victims in the vehicle. So that actually was a really hopeful moment for us,” Pottenger said. Firefighters reached the scene and rescued the children first while the adults waited for helicopters to carry them to safety. Pottenger said both kids were in car seats that "saved their lives." "The car seats actually did their job. Amazingly, they stayed in place. They were intact, and there was no damage to them," he said. Videos shared by the California Highway Patrol showed helicopters lowering rescuers to lift the adults. All of them were transferred to Stanford Medical Center. While the children suffered minor musculoskeletal injuries, the adults sustained moderate traumatic injuries in several areas. The highway patrol is investigating what caused the accident. However, they said that the vehicles didn't seem to be in self-driving mode at the time of the accident. (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Driver of Tesla that fell 250 feet off California cliff arrested; all four occupants survived the fall

Car maker Tesla is in the news again; in what rescuers are calling a pure 'miracle'. Four people were rescued after their car drove off a cliff in Northern California along a rocky george called Devil's Slide.

California: Miracle survival after Tesla car crash, all four passengers rescued successfully

South Korea's antitrust regulator announced that it will impose a 2.85 billion won&nbsp;($2.2 million) fine on US automaker giant Tesla for "exaggerating range" of its electric vehicles (EVs) on its official local websites in August 2019 until recently, Reuters reported.

<a href="https://www.wionews.com/business-economy/tesla-delivers-record-number-of-cars-in-q4-but-falls-short-of-wall-street-expectations-548892">Also&nbsp;read |&nbsp;Tesla delivers record number of cars in Q4 but falls short of Wall Street expectations</a>

The Korean Fair Trade Commission (KFTC) said that Tesla failed to tell its customers the actual driving range of the cars in cold temperatures on a single charge, their fuel effectiveness cost compared to gasoline cars and the performance of 'superchargers.'

The KFTC in its statement said that the driving range of EV cars in cold temperatures plunged&nbsp;by up to nearly 50.5 per cent in comparison to how they were advertised.&nbsp;

Watch |&nbsp;World Business Watch: Tesla fined $2.2 mln for exaggerating driving range of EVs

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Tesla on its website provides some winter driving tips for customers. This includes pre-conditioning vehicles with external power sources and using its updated Energy app to monitor energy consumption. However, despite these tips, the list doesn't include the mention of the loss of driving range in sub-zero temperatures.&nbsp;

Similarly, in 2021&nbsp;a South Korean consumer group, Citizens United for Consumer Sovereignty citing data from the environment ministry said that the driving range for Tesla's EV&nbsp;dropped up to 40 per cent in cold temperatures when the batteries need to be heated.&nbsp;

Before Tesla, the KFTC fined German carmaker Mercedes-Benz and its Korean unit 20.2 billion won&nbsp; ($15.8&nbsp;million) for false advertising for gas emissions of its diesel passenger vehicles.&nbsp;

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South Korea's antitrust regulator announced that it will impose a 2.85 billion won ($2.2 million) fine on US automaker giant Tesla for "exaggerating range" of its electric vehicles (EVs) on its official local websites in August 2019 until recently, Reuters reported.

South Korea's antitrust regulator announced that it will impose a 2.85 billion won ($2.2 million) fine on US automaker giant Tesla for "exaggerating range" of its electric vehicles (EVs) on its official local websites in August 2019 until recently, Reuters reported. Also read | Tesla delivers record number of cars in Q4 but falls short of Wall Street expectations The Korean Fair Trade Commission (KFTC) said that Tesla failed to tell its customers the actual driving range of the cars in cold temperatures on a single charge, their fuel effectiveness cost compared to gasoline cars and the performance of 'superchargers.' The KFTC in its statement said that the driving range of EV cars in cold temperatures plunged by up to nearly 50.5 per cent in comparison to how they were advertised. Watch | World Business Watch: Tesla fined $2.2 mln for exaggerating driving range of EVs Tesla on its website provides some winter driving tips for customers. This includes pre-conditioning vehicles with external power sources and using its updated Energy app to monitor energy consumption. However, despite these tips, the list doesn't include the mention of the loss of driving range in sub-zero temperatures. Similarly, in 2021 a South Korean consumer group, Citizens United for Consumer Sovereignty citing data from the environment ministry said that the driving range for Tesla's EV dropped up to 40 per cent in cold temperatures when the batteries need to be heated. Before Tesla, the KFTC fined German carmaker Mercedes-Benz and its Korean unit 20.2 billion won ($15.8 million) for false advertising for gas emissions of its diesel passenger vehicles. (With inputs from agencies) WATCH WION LIVE HERE

South Korea's KFTC fines Tesla $2.2 million for 'exaggerating' driving range of EVs in cold temperature

Tesla, the world's most valuable automaker registered a 40 per cent year-on-year growth in terms of deliveries in 2022, according to the Q4 vehicle production and delivery report published on Monday.

Tesla, the world's most valuable automaker registered a 40 per cent year-on-year growth in terms of deliveries in 2022, according to the Q4 vehicle production and delivery report published on Monday. Despite the impressive numbers, Tesla’s new vehicle deliveries fell short of Wall Street expectations. Tesla produced a total of 439,701 cars in Q4 while managing to deliver 405,278. Comparatively, Tesla only delivered 308,600 vehicles in the same period last year. The production was increased after Tesla opened up the conveyor belt at its new Austin, Texas and Brandenburg, Germany plant. Overall, Tesla's annual production stood at 1.37 million in 2022 where it managed to deliver 1.31 million cars. Last year, the full-year deliveries stood at 936,172 vehicles. While the numbers are a booster shot of confidence for the Tesla board, it still fell short of the expectations of Wall Street which predicted a sale of 420,000-430,000 vehicles in Q4. The logistical troubles meant that Tesla's deliveries in the quarter fell about 34,000 short of production. It also fell short of the ambitious goal set by Musk of expanding deliveries by 50 per cent annually. While Tesla's stock plunged 65 per cent in 2022, its worst performance since being listed in 2010, CEO Elon Musk urged the employees to not be “bothered” by the “stock market craziness". WATCH | Gravitas: Tesla's worst year on the stock market × According to Musk's e-mail to his staff ahead of the busy holiday season, the Tesla boss asked employees to 'volunteer' to deliver as many cars as possible to the customers before the year came to a draw to pump the numbers up. "Since we have a lot of cars arriving at the last minute, it is important to rally hard and do everything we can to get our cars to customers who have ordered them before midnight on December 31," wrote Musk in the mail. "Please go all out for the next few days and volunteer to help deliver if at all possible. It will make a real difference!" Financial pundits are of the view that Musk's takeover of Twitter and the controversy surrounding it has negatively impacted the stock pricing of Tesla. Musk hasn't helped the cause by routinely pulling off his Tesla stocks. Read more: Tesla's Wall Street fortunes plummet by two-third since Elon Musk's Twitter takeover Other factors for the slump include increasing competition from traditional automakers like Ford Motors, General Motors and up-and-coming startups such as Lucid Group and Rivian Automotive. (With inputs from agencies) WATCH WION LIVE HERE:

Tesla delivers record number of cars in Q4 but falls short of Wall Street expectations

South Korea’s antitrust regulator said it would impose a 2.85 billion won ($2.2 million) fine on Tesla Inc for failing to tell its customers about the shorter driving range of its electric vehicles (EVs).

World Business Watch: Tesla fined $2.2 mln for exaggerating driving range of EVs

South Korea will fine Tesla Inc. 2.2 million for alleged violations of advertising law. Tesla falsely promoted and exaggerated the driving range and charging speed of its electric cars. Watch further to know more.

WION Fineprint: Tesla fined with 2.2 Million for false advertisement in South Korea

South Korea's antitrust regular fined Tesla 2.85 billion won ($2.2 million) for false advertising, saying the company overstated the range of its cars in cold weather.

Tesla has been slapped with a $2 million fine in South Korea

Saying the company overstated the driving range of its electric vehicles, which turn out to be shorter in cold weather, South Korea's antitrust regulator is fining Tesla $2.2 million. But Tesla is trying to control the damage by promoting China chief To

Tesla makes China boss highest-profile executive after Musk

Tesla's founder and CEO, Elon Musk, has appointed Tesla China's head Tom Zhu to take charge of all operations in North America and Europe on Tuesday.&nbsp;

Zhu retains his current responsibilities while he takes charge as Tesla's most senior sales executive in the rest of Asia, Reuters news agency reported. His new duty to monitor deliveries in all markets and manage the production for the electric car manufacturer makes him the highest-profile executive at Tesla after Elon Musk.&nbsp;

Managers in China, Japan, Australia, and New Zealand will continue to report to Zhu. His promotion to a global role comes when Twitter acquisition&nbsp;preoccupy Musk, and Tesla is readying the launch of Cybertruck. Tesla's analysts and investors have encouraged decisions that enhance the senior executive bench and divert Musk's attention towards Tesla.

Also Read|&nbsp;<a href="www.wionews.com/business-economy/tesla-delivers-record-number-of-cars-in-q4-but-falls-short-of-wall-street-expectations-548892">Tesla delivers record number of cars in Q4 but falls short of Wall Street expectations</a>

Although born in China, Zhu has a New Zealand passport. He joined Tesla in 2014 after serving as a project manager at a company set by his MBA classmates at Duke University.

Zhu is known for his 'no-fuss' leadership style. He lives in an apartment 10 minutes away from the Shanghai Gigafactory. However, he has not made it clear whether or not he will move for the promotion.&nbsp;

During Shanghai's two-month COVID-19 lockdown, Zhu and his few other colleagues slept in the factory to keep things running, his colleagues said. Tesla's Shanghai plant's revival under him after the lockdown due to COVID-19 has been one of his most remarkable accomplishments.&nbsp;

Watch|&nbsp;World Business Watch: India proposes self-regulatory body for online gaming industry

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In December, Tesla celebrated the production landmark for its Model Y at its Austin, Texas, plant. They also tweeted a picture on their Twitter handles showing Zhu smiling alongside his workers on the floor.&nbsp;

In November, James Murdoch, Tesla's board member, mentioned that the company pinpointed a successor for Elon Musk without naming the person.

(With inputs from agencies)

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Tesla's founder and CEO, Elon Musk, has appointed Tesla China's head Tom Zhu to take charge of all operations in North America and Europe on Tuesday. Zhu retains his current responsibilities while he takes charge as Tesla's most senior sales executive in the rest of Asia, Reuters news agency reported.

Tesla's founder and CEO, Elon Musk, has appointed Tesla China's head Tom Zhu to take charge of all operations in North America and Europe on Tuesday. Zhu retains his current responsibilities while he takes charge as Tesla's most senior sales executive in the rest of Asia, Reuters news agency reported. His new duty to monitor deliveries in all markets and manage the production for the electric car manufacturer makes him the highest-profile executive at Tesla after Elon Musk. Managers in China, Japan, Australia, and New Zealand will continue to report to Zhu. His promotion to a global role comes when Twitter acquisition preoccupy Musk, and Tesla is readying the launch of Cybertruck. Tesla's analysts and investors have encouraged decisions that enhance the senior executive bench and divert Musk's attention towards Tesla. Also Read| Tesla delivers record number of cars in Q4 but falls short of Wall Street expectations Although born in China, Zhu has a New Zealand passport. He joined Tesla in 2014 after serving as a project manager at a company set by his MBA classmates at Duke University. Zhu is known for his 'no-fuss' leadership style. He lives in an apartment 10 minutes away from the Shanghai Gigafactory. However, he has not made it clear whether or not he will move for the promotion. During Shanghai's two-month COVID-19 lockdown, Zhu and his few other colleagues slept in the factory to keep things running, his colleagues said. Tesla's Shanghai plant's revival under him after the lockdown due to COVID-19 has been one of his most remarkable accomplishments. Watch| World Business Watch: India proposes self-regulatory body for online gaming industry In December, Tesla celebrated the production landmark for its Model Y at its Austin, Texas, plant. They also tweeted a picture on their Twitter handles showing Zhu smiling alongside his workers on the floor. In November, James Murdoch, Tesla's board member, mentioned that the company pinpointed a successor for Elon Musk without naming the person. (With inputs from agencies) WATCH WION LIVE HERE

Tesla's China head elevated to global role, takes charge of sales operations in North America

Tesla stocks have fallen by 73% since November 2021. Investors of the electronic carmaker are now questioning Musk's focus, as he seems preoccupied with Twitter. Molly Gambhir tells you more.

Gravitas: Tesla's worst year on the stock market

Tesla's stock is losing value day after day. Its boss Tesla's Chief Executive Elon Musk addressed employees telling them that they should not be bothered by the stock market's craziness.

World Business Watch: Tesla's stock losing value with a fall of nearly 70% this year

Tesla shares continued to fall Tuesday amid investor concerns about a manufacturing slowdown at the electric car maker's factory in China.

World Business Watch: Tesla shares drop 11.4 percent as demand worries persist in China

Elon Musk-led Tesla was knocked out of a key US stock index's top 10 companies on Tuesday after its shares plummeted 11 per cent in just one session.&nbsp;

Tuesday was Tesla's seventh day on a losing streak, its longest since 2018.&nbsp;

Why are Tesla's shares nosediving?

Elon Musk's decision to halt production at Tesla's Shanghai factory and reports of reduced output at its key production units are being cited as immediate reasons for Tesla's nosediving shares.&nbsp;

ALSO READ -&nbsp;<a href="https://www.wionews.com/world/us-automaker-tesla-suspends-production-in-shanghai-after-an-internal-notice-say-sources-546359">US automaker Tesla suspends production in Shanghai after an internal notice</a>

Furthermore, reports that Tesla was offering individuals in the United States a $7500 discount for its two highest-volume models didn't impress Tesla investors in addition to the signs of slowing demand.&nbsp;

Musk's Twitter takeover and Tesla's plummeting fortunes

At the end of 2022, Tesla's 69 per cent value has vanished amid Elon Musk's Twitter takeover. Reports say that Musk's related online antics have created jitters among investors.&nbsp;

WATCH -&nbsp;<a href="https://www.wionews.com/videos/wion-business-news-tesla-to-orders-to-recall-over-million-us-cars-to-fix-issues-with-software-518926">WION Business News: Tesla to orders to recall over million US cars; to fix issues with software</a>

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But there remains an optimism as far as Tesla's innovation curve in concerned.&nbsp;

"Despite the stock's performance, Tesla's innovation curve appears to be accelerating, a stark contrast to other large tech companies whose incremental product updates appear stagnant at best," Bloomberg reported, citing Canaccord Genuity analyst George Gianarikas' note last week.&nbsp;

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Elon Musk-led Tesla was knocked out of a key US stock index's top 10 companies on Tuesday after its shares plummeted 11 per cent in just one session. Tuesday was Tesla's seventh day on a losing streak, its longest since 2018.

Elon Musk-led Tesla was knocked out of a key US stock index's top 10 companies on Tuesday after its shares plummeted 11 per cent in just one session. Tuesday was Tesla's seventh day on a losing streak, its longest since 2018. Why are Tesla's shares nosediving? Elon Musk's decision to halt production at Tesla's Shanghai factory and reports of reduced output at its key production units are being cited as immediate reasons for Tesla's nosediving shares. ALSO READ - US automaker Tesla suspends production in Shanghai after an internal notice Furthermore, reports that Tesla was offering individuals in the United States a $7500 discount for its two highest-volume models didn't impress Tesla investors in addition to the signs of slowing demand. Musk's Twitter takeover and Tesla's plummeting fortunes At the end of 2022, Tesla's 69 per cent value has vanished amid Elon Musk's Twitter takeover. Reports say that Musk's related online antics have created jitters among investors. WATCH - WION Business News: Tesla to orders to recall over million US cars; to fix issues with software × But there remains an optimism as far as Tesla's innovation curve in concerned. "Despite the stock's performance, Tesla's innovation curve appears to be accelerating, a stark contrast to other large tech companies whose incremental product updates appear stagnant at best," Bloomberg reported, citing Canaccord Genuity analyst George Gianarikas' note last week. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Tesla's Wall Street fortunes plummet by two-third since Elon Musk's Twitter takeover

Tech giant Apple and electric car major Tesla are witnessing major tumble in their share prices as concerns mount over delays in their production lines amid Covid crisis in China. Both companies have struggled to keep their manufacturing on track as China grapples with fresh wave of Covid infections.

Apple stocks have tumbled to the lowest since June 2021. For Tesla, the tumble is of 73 per cent from a record high in November 2021.

Apple supplier Foxconn says its revenue in November was down 11 per cent compared with the same month in 2021, following unrest at its Zhangzhou plant known as "iPhone City."

Watch | China: Tesla halts production at Shanghai plant; year-end closure comes as Covid cases rise

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This week, media reports said Tesla's Shanghai manufacturing plant had cut production as Covid infections rose in China. The company declined to comment.

But analysts say the company's sluggish sales are evident in the fact that it has offered discounts to both Chinese and North American customers, BBC reported.

Also Read | <a href="https://www.wionews.com/business-economy/teslas-wall-street-fortunes-plummet-by-two-third-since-elon-musks-twitter-takeover-547212">Tesla's Wall Street fortunes plummet by two-third since Elon Musk's Twitter takeover</a> 
 
Investors have also raised concerns about Tesla's chief executive Elon Musk, who has repeatedly made controversial headlines. He took over Twitter in October after a drawn-out legal battle and since then Musk has focused a significant amount of his time on running the social media platform. Some have cited his alleged distraction during this time as another reason for the fall in Tesla's share price.

(With inputs from agencies)

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Tech giant Apple and electric car major Tesla are witnessing major tumble in their share prices as concerns mount over delays in their production lines amid Covid crisis in China.

Tech giant Apple and electric car major Tesla are witnessing major tumble in their share prices as concerns mount over delays in their production lines amid Covid crisis in China. Both companies have struggled to keep their manufacturing on track as China grapples with fresh wave of Covid infections. Apple stocks have tumbled to the lowest since June 2021. For Tesla, the tumble is of 73 per cent from a record high in November 2021. Apple supplier Foxconn says its revenue in November was down 11 per cent compared with the same month in 2021, following unrest at its Zhangzhou plant known as "iPhone City." Watch | China: Tesla halts production at Shanghai plant; year-end closure comes as Covid cases rise × This week, media reports said Tesla's Shanghai manufacturing plant had cut production as Covid infections rose in China. The company declined to comment. But analysts say the company's sluggish sales are evident in the fact that it has offered discounts to both Chinese and North American customers, BBC reported. Also Read | Tesla's Wall Street fortunes plummet by two-third since Elon Musk's Twitter takeover Investors have also raised concerns about Tesla's chief executive Elon Musk, who has repeatedly made controversial headlines. He took over Twitter in October after a drawn-out legal battle and since then Musk has focused a significant amount of his time on running the social media platform. Some have cited his alleged distraction during this time as another reason for the fall in Tesla's share price. (With inputs from agencies) You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. WATCH WION LIVE HERE ×

Apple, Tesla stocks hit major lows as concerns prevail over production amid Covid

US automaker Tesla suspended production at its Shanghai plant on Saturday, as per an internal notice, Reuters reported citing people familiar with the matter.&nbsp;According to the sources, the company cancelled the morning shift of the employees and told its workers they could start their break. The company has&nbsp;not given any reason.&nbsp;

<a href="https://www.wionews.com/business-economy/tesla-to-implement-hiring-freeze-and-layoff-people-in-2023-report-545417/amp">Also read |&nbsp;Tesla plans to implement hiring freeze, lay off more employees in 2023: Report</a>

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</ul>

Reuters had earlier this month reported that the company planned to suspend production at the plant from December 25 to January 1.&nbsp;The news of suspension comes amid rising Covid cases after the Asian country eased its 'zero-Covid policy'.

One of the people said that workers at the plant have been falling sick due to the current wave, delaying operations.&nbsp;

<a href="https://www.wionews.com/technology/elon-musk-reassures-investors-tells-them-he-will-pause-on-tesla-stock-sales-for-18-to-24-months-546174">Also read |&nbsp;Elon Musk reassures investors, tells them he will pause on Tesla stock sales for 18 to 24 months</a>

The abrupt move has been welcomed by businesses and the public but can&nbsp;heavily disrupt&nbsp;business operations.&nbsp;

Tesla CEO Elon Musk a few days back announced that for the coming 18 to 24 months, he won't be selling any shares to pacify shareholders of the company which saw its stocks falling.&nbsp;

Speaking on Twitter Spaces, Musk said, "I’m not selling any stock for 18 to 24 months."

Ever since Musk acquired Twitter, the billionaire has sold nearly $23 billion worth of Tesla shares since April this year.&nbsp;

(With inputs from agencies)

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US automaker Tesla suspended production at its Shanghai plant on Saturday, as per an internal notice, Reuters reported citing people familiar with the matter. According to the sources, the company cancelled the morning shift of the employees and told its workers they could start their break.

US automaker Tesla suspended production at its Shanghai plant on Saturday, as per an internal notice, Reuters reported citing people familiar with the matter. According to the sources, the company cancelled the morning shift of the employees and told its workers they could start their break. The company has not given any reason. Also read | Tesla plans to implement hiring freeze, lay off more employees in 2023: Report Reuters had earlier this month reported that the company planned to suspend production at the plant from December 25 to January 1. The news of suspension comes amid rising Covid cases after the Asian country eased its 'zero-Covid policy'. One of the people said that workers at the plant have been falling sick due to the current wave, delaying operations. Also read | Elon Musk reassures investors, tells them he will pause on Tesla stock sales for 18 to 24 months The abrupt move has been welcomed by businesses and the public but can heavily disrupt business operations. Tesla CEO Elon Musk a few days back announced that for the coming 18 to 24 months, he won't be selling any shares to pacify shareholders of the company which saw its stocks falling. Speaking on Twitter Spaces, Musk said, "I’m not selling any stock for 18 to 24 months." Ever since Musk acquired Twitter, the billionaire has sold nearly $23 billion worth of Tesla shares since April this year. (With inputs from agencies) WATCH WION LIVE HERE

US automaker Tesla suspends production in Shanghai after an internal notice: Report

Christmas is a day of celebrations and joy for people across the world. However, for Domenick Nati, a Virginia resident, it became an occasion of agony after his Tesla S electric car left him hanging in the worst possible way.

Christmas is a day of celebrations and joy for people across the world. However, for Domenick Nati, a Virginia resident, it became an occasion of agony after his Tesla S electric car left him hanging in the worst possible way. According to an Insider report, Nati had to cancel his Christmas plans after his Tesla would not get charged, even after being plugged into the supercharger. Nati attributed the failure to the extremely frigid temperature (-7 degrees celsius) outside. "Two hours went by and not much changed. It was very slow and the numbers got lower as the temperature dropped. Eventually, it stopped charging altogether," Nati told the publication. "I have no other vehicle so I decided to see if it just needed more time. Hours went by and with only 19 miles left to empty, I chose to leave the car plugged in and get a ride back to my house," he added. WATCH | World Business Watch | Tesla to freeze hiring, lay off employees in next quarter: Report × The Tesla owner approached the company's customer support to resolve the issue but nobody responded to him. Nati later took to his TikTok account to share his ordeal with several netizens asking Elon Musk if the freezing temperatures did have an impact on the charging capacity of the car. After posting the video, Nati revealed that a lot of customers who faced similar problems had reached out to him. "Since I posted the video, a lot of people have mentioned having the same issue. Some fellow Tesla owners have even messaged me to see if I have found a solution." Read more: US automaker Tesla suspends production in Shanghai after an internal notice: Report Tesla on its official website claims that the Tesla supercharger is the fastest charging option which can charge the car in 15 minutes. "The Tesla Supercharger is the fastest charging option when you're away from home, allowing you to charge your car up to 200 miles in 15 minutes," reads the charging description. Lately, Tesla has been undergoing a crisis with the stock price of the company touching new lows on an almost daily basis. Such has been the gravity of the crisis that Tesla CEO Elon Musk announced that he won't be selling any Tesla shares in the coming 18-24 months to pacify shareholders of the company. Moreover, the company has had to recall millions of cars throughout the year due to different problems. According to National Highway Traffic Safety Administration (NHTSA) data, the EV company has recalled more than 3.7 million vehicles in 19 US recall campaigns in 2022 alone. Read more: Over 321,000 Teslas recalled in the United States over tail light malfunction (With inputs from agencies) WATCH WION LIVE HERE:

Tesla owner forced to cancel Christmas plans as the car would not charge in freezing weather

Amid a surge in Covid-19 infections in China, US billionaire Elon Musk's automotive company Tesla has reportedly suspended production at its Shanghai plant. The US automaker cancelled the morning shift on Saturday without mentioning a reason.

China: Tesla halts production at Shanghai plant; year-end closure comes as Covid cases rise

CEO Elon Musk has said that&nbsp;he won’t sell any further shares in Tesla for 18 months or more, in an attempt to pacify shareholders of the EV company who have watched the stock fall&nbsp;nearly half of its value since Musk’s takeover&nbsp;of Twitter.

“I’m not selling any stock for 18 to 24 months,” Musk said during an audio-only Twitter Spaces group conversation on Thursday. Musk then said he wouldn’t sell Tesla shares for two years, but backtracked and said he would pause sales for at least one year.

Musk&nbsp;dumped&nbsp;$2.58 billion&nbsp;worth of Tesla stock last week and has sold nearly $23 billion worth of his car company’s shares since April, when he started gaining ground in Twitter.&nbsp;Over the past two months, Musk has spearheaded a dizzying array of changes that have upset advertisers and alienated users. He laid off half of his staff, took moderators out of contract, and dissolved the Trust and Safety Advisors Council. He stopped enforcing his COVID-19 misinformation rule and filed criminal charges against Dr. Anthony Fauci, an infectious disease expert in the United States.

Also read |&nbsp;<a href="https://www.wionews.com/world/worlds-most-subscribed-youtuber-mr-beast-offers-to-be-twitter-ceo-elon-musk-responds-545829">World's most-subscribed YouTuber Mr Beast offers to be Twitter CEO. Elon Musk responds</a>

Tesla investors are fed up with the 24/7 Twitter clamor. The eccentric CEO is distracted from his main source of wealth, the electric car company, they say. 
Tesla's market cap surpassed $1.1 trillion on April 1st. This was the last trading day before Musk announced that he would buy his Twitter stake. Since then, the company has lost almost two-thirds of its value as rival automakers squeezed Tesla's dominant share of electric car sales.

Tesla shares fell more than&nbsp;one per cent on Friday, to $123.74. They were more than $360 each on April 1 and hit an all-time high of more than $414 in November of 2020.

This week,&nbsp;Tesla amplified the discounts it’s offering&nbsp;through year’s end on its two top-selling models, an indication that demand is slowing for its EVs.

(With inputs from agencies)

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CEO Elon Musk has said that he won’t sell any further shares in Tesla for 18 months or more, in an attempt to pacify shareholders of the EV company who have watched the stock fall nearly half of its value since Musk’s takeover of Twitter.

CEO Elon Musk has said that he won’t sell any further shares in Tesla for 18 months or more, in an attempt to pacify shareholders of the EV company who have watched the stock fall nearly half of its value since Musk’s takeover of Twitter. “I’m not selling any stock for 18 to 24 months,” Musk said during an audio-only Twitter Spaces group conversation on Thursday. Musk then said he wouldn’t sell Tesla shares for two years, but backtracked and said he would pause sales for at least one year. Musk dumped $2.58 billion worth of Tesla stock last week and has sold nearly $23 billion worth of his car company’s shares since April, when he started gaining ground in Twitter. Over the past two months, Musk has spearheaded a dizzying array of changes that have upset advertisers and alienated users. He laid off half of his staff, took moderators out of contract, and dissolved the Trust and Safety Advisors Council. He stopped enforcing his COVID-19 misinformation rule and filed criminal charges against Dr. Anthony Fauci, an infectious disease expert in the United States. Also read | World's most-subscribed YouTuber Mr Beast offers to be Twitter CEO. Elon Musk responds Tesla investors are fed up with the 24/7 Twitter clamor. The eccentric CEO is distracted from his main source of wealth, the electric car company, they say. Tesla's market cap surpassed $1.1 trillion on April 1st. This was the last trading day before Musk announced that he would buy his Twitter stake. Since then, the company has lost almost two-thirds of its value as rival automakers squeezed Tesla's dominant share of electric car sales. Tesla shares fell more than one per cent on Friday, to $123.74. They were more than $360 each on April 1 and hit an all-time high of more than $414 in November of 2020. This week, Tesla amplified the discounts it’s offering through year’s end on its two top-selling models, an indication that demand is slowing for its EVs. (With inputs from agencies) WATCH WION LIVE HERE:

Elon Musk reassures investors, tells them he will pause on Tesla stock sales for 18 to 24 months

The stocks are crashing as a sell-off continued yesterday over worries about softening demand for electric cars and CEO Musk's distraction with Twitter.

World Business Watch: Investors worry about softening EV demand, Tesla shares tumble

The eight-vehicle crash last month on San Francisco's Bay Bridge which involved a Tesla Model S car reportedly happened due to the malfunctioning of the vehicle's Full-Self Driving (FSD) mode.

As per a police report made public on Wednesday, the car's driver said that the 2021 model car was in Full-Self Driving (FSD) mode which had malfunctioned. However, the police were unable to determine if the software was in operation or if his statement was accurate.

Watch |&nbsp;World Business Watch | Tesla to freeze hiring, lay off employees in next quarter: Report

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However, the police in its report said that the vehicle had made an unsafe lane change and was slowing to a stop when another vehicle crashed into it from behind. This then led to a chain reaction of six more vehicles crashing and causing the pile-up.

Also read |&nbsp;<a href="https://www.wionews.com/business-economy/tesla-to-implement-hiring-freeze-and-layoff-people-in-2023-report-545417">Tesla to implement a hiring freeze and layoff people in 2023: Report</a>

It also said that if the self-driving function did malfunction the driver should have taken manual control of the vehicle and prevented the crash.

The Thanksgiving Day crash had caused lengthy delays on San Francisco's Interstate-80 near Island and had also sent two juveniles to the hospital with minor injuries.

Also read |&nbsp;<a href="https://www.wionews.com/technology/tesla-reports-two-new-crash-fatalities-in-model-3-cars-linked-to-advanced-driver-assistance-systems-534811">Tesla reports two more crash fatalities in Model 3 cars linked to advanced driver assistance system</a>

As per Tesla the so-called "Full Self Driving" function only provides driver advanced assistance features but the vehicles still require human supervision and "are not autonomous". This has even led Jennifer Homendy, the National Transportation Safety Board chair to question Tesla's marketing of the feature. In her opinion, the company must make sure to "do more" to ensure that the feature isn't misused.

(With inputs from agencies)

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The eight-vehicle crash last month on San Francisco's Bay Bridge which involved a Tesla Model S car reportedly happened due to the malfunctioning of the vehicle's Full-Self Driving (FSD) mode.

The eight-vehicle crash last month on San Francisco's Bay Bridge which involved a Tesla Model S car reportedly happened due to the malfunctioning of the vehicle's Full-Self Driving (FSD) mode. As per a police report made public on Wednesday, the car's driver said that the 2021 model car was in Full-Self Driving (FSD) mode which had malfunctioned. However, the police were unable to determine if the software was in operation or if his statement was accurate. Watch | World Business Watch | Tesla to freeze hiring, lay off employees in next quarter: Report However, the police in its report said that the vehicle had made an unsafe lane change and was slowing to a stop when another vehicle crashed into it from behind. This then led to a chain reaction of six more vehicles crashing and causing the pile-up. Also read | Tesla to implement a hiring freeze and layoff people in 2023: Report It also said that if the self-driving function did malfunction the driver should have taken manual control of the vehicle and prevented the crash. The Thanksgiving Day crash had caused lengthy delays on San Francisco's Interstate-80 near Island and had also sent two juveniles to the hospital with minor injuries. Also read | Tesla reports two more crash fatalities in Model 3 cars linked to advanced driver assistance system As per Tesla the so-called "Full Self Driving" function only provides driver advanced assistance features but the vehicles still require human supervision and "are not autonomous". This has even led Jennifer Homendy, the National Transportation Safety Board chair to question Tesla's marketing of the feature. In her opinion, the company must make sure to "do more" to ensure that the feature isn't misused. (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Driver of Tesla car that caused eight-car pile-up in San Francisco blames 'Full-Self Driving' feature

Tesla is set to lay off more employees. As per reports, the electric car maker has notified its employees that it will be implementing a hiring freeze and that another wave of layoffs is also in the cards.&nbsp;Quoting an anonymous source familiar with the matter, Electrek reported that the layoffs will happen in the first quarter of next year.

Watch |&nbsp;World Business Watch | Tesla to freeze hiring, lay off employees in next quarter: Report

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Tesla has communicated to some employees that it will be stopping hiring.&nbsp;

However, with Tesla planning to expand in some manufacturing locations, it is not known how extensive the hiring freeze will be as no further details were made available.

Also read |&nbsp;<a href="https://www.wionews.com/world/elon-musk-breaks-silence-after-damning-poll-called-for-his-resignation-as-twitter-ceo-544678">Elon Musk breaks silence after damning poll called for his resignation as Twitter CEO</a>

The current spate of layoffs comes after Tesla CEO Elon Musk implemented a 10 per cent staff cut in June. At the time, Musk reportedly gave different reasons to different people for the layoffs. He even chalked it up to a "very bad feeling" about the economy.

In the last year, since September and especially after Musk's acquisition of Twitter, Tesla stock has experienced a steady fall which might be contributing to the hiring freeze. This year, the company's shares have lost nearly 60 per cent of their value so far.

Also read |&nbsp;<a href="https://www.wionews.com/technology/tesla-reports-two-new-crash-fatalities-in-model-3-cars-linked-to-advanced-driver-assistance-systems-534811">Tesla reports two more crash fatalities in Model 3 cars linked to advanced driver assistance system</a>

On Wednesday, Tesla's shares tumbled to around $137 per share, it's lowest ever as Elon Musk blamed global macroeconomic conditions. Shares of Tesla as per Reuters rose 1 per cent to $139.25 in Thursday's trading before the bell.

(With inputs from agencies)

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Tesla is set to lay off more employees. As per reports, the electric car maker has notified its employees that it will be implementing a hiring freeze and that another wave of layoffs is also in the cards.

Tesla is set to lay off more employees. As per reports, the electric car maker has notified its employees that it will be implementing a hiring freeze and that another wave of layoffs is also in the cards. Quoting an anonymous source familiar with the matter, Electrek reported that the layoffs will happen in the first quarter of next year. Watch | World Business Watch | Tesla to freeze hiring, lay off employees in next quarter: Report Tesla has communicated to some employees that it will be stopping hiring. However, with Tesla planning to expand in some manufacturing locations, it is not known how extensive the hiring freeze will be as no further details were made available. Also read | Elon Musk breaks silence after damning poll called for his resignation as Twitter CEO The current spate of layoffs comes after Tesla CEO Elon Musk implemented a 10 per cent staff cut in June. At the time, Musk reportedly gave different reasons to different people for the layoffs. He even chalked it up to a "very bad feeling" about the economy. In the last year, since September and especially after Musk's acquisition of Twitter, Tesla stock has experienced a steady fall which might be contributing to the hiring freeze. This year, the company's shares have lost nearly 60 per cent of their value so far. Also read | Tesla reports two more crash fatalities in Model 3 cars linked to advanced driver assistance system On Wednesday, Tesla's shares tumbled to around $137 per share, it's lowest ever as Elon Musk blamed global macroeconomic conditions. Shares of Tesla as per Reuters rose 1 per cent to $139.25 in Thursday's trading before the bell. (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Tesla plans to implement hiring freeze, lay off more employees in 2023: Report

According to a report, electric-car maker Tesla will lay off employees in the next quarter. Reports also said Tesla is going to freeze hiring.

World Business Watch | Tesla to freeze hiring, lay off employees in next quarter: Report

The users on Twitter have voted in favour of billionaire Elon Musk stepping down as the CEO of the social media platform. Musk conducted a poll on Sunday where he asked "Should I step down as head of Twitter? I will abide by the results of this poll". On Monday, the final results showed that over 9.86 million users voted in favour of his removal with just 42.5 per cent voting against the proposal.&nbsp;

Musk became the CEO of the company after his $44 billion takeover which was finally completed after a series of controversies. While Musk earlier refused to complete the deal over the number of fake users on Twitter, he finally agreed to the previous deal and promised more power to “freedom of speech”.&nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/world/russia-china-to-hold-joint-naval-drills-in-a-bid-to-strengthen-cooperation-544519">Russia, China to hold joint naval drills in a bid to 'strengthen cooperation'</a>

If Musk indeed sticks to his word, he will step down from his position. However, he is the majority owner of the company and no one currently can force him out of the company against his will.&nbsp;

On Sunday, Musk posted about the lack of successors when it comes to leading Twitter.&nbsp;

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Should I step down as head of Twitter? I will abide by the results of this poll.
— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1604617643973124097?ref_src=twsrc%5Etfw">December 18, 2022</a></blockquote>
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“No one wants the job who can actually keep Twitter alive,”&nbsp;he tweeted. &nbsp;

“There is no successor.”&nbsp;&nbsp;

WATCH |&nbsp;Taiwan launches probe into TikTok for spreading disinformation

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While replying to a user, he replied -&nbsp;“You must like pain a lot. One catch: you have to invest your life savings in Twitter and it has been in the fast lane to bankruptcy since May. Still want the job?”&nbsp;

Musk has been the CEO of Twitter for around 50 days and the platform has already come under a lot of fire on the global stage. Musk decided to suspend the accounts belonging to over a dozen journalists from various publications after blaming them for revealing the location of his family.&nbsp;

While the journalists were reinstated within a day, the move drew criticism from various major institutions with even the United Nations expressing their concern.&nbsp;

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The users on Twitter have voted in favour of billionaire Elon Musk stepping down as the CEO of the social media platform. Musk conducted a poll on Sunday where he asked "Should I step down as head of Twitter?

The users on Twitter have voted in favour of billionaire Elon Musk stepping down as the CEO of the social media platform. Musk conducted a poll on Sunday where he asked "Should I step down as head of Twitter? I will abide by the results of this poll". On Monday, the final results showed that over 9.86 million users voted in favour of his removal with just 42.5 per cent voting against the proposal. Musk became the CEO of the company after his $44 billion takeover which was finally completed after a series of controversies. While Musk earlier refused to complete the deal over the number of fake users on Twitter, he finally agreed to the previous deal and promised more power to “freedom of speech”. Also read | Russia, China to hold joint naval drills in a bid to 'strengthen cooperation' If Musk indeed sticks to his word, he will step down from his position. However, he is the majority owner of the company and no one currently can force him out of the company against his will. On Sunday, Musk posted about the lack of successors when it comes to leading Twitter. Should I step down as head of Twitter? I will abide by the results of this poll. — Elon Musk (@elonmusk) December 18, 2022 × “No one wants the job who can actually keep Twitter alive,” he tweeted. “There is no successor.” WATCH | Taiwan launches probe into TikTok for spreading disinformation While replying to a user, he replied - “You must like pain a lot. One catch: you have to invest your life savings in Twitter and it has been in the fast lane to bankruptcy since May. Still want the job?” Musk has been the CEO of Twitter for around 50 days and the platform has already come under a lot of fire on the global stage. Musk decided to suspend the accounts belonging to over a dozen journalists from various publications after blaming them for revealing the location of his family. While the journalists were reinstated within a day, the move drew criticism from various major institutions with even the United Nations expressing their concern.

Twitter users vote in favour of removing Elon Musk as CEO

Investors at Tesla have lashed out at its chief executive officer (CEO) Elon Musk for his distraction from the electric car company after its shares declined to hit their lowest levels in over two years on Wednesday. Musk, who took over Twitter in October, has diverted most of his attention towards running the social media giant.&nbsp;

A report by news agency Reuters on Wednesday said that Tesla's shares traded down 1.4%, after falling as much as 3.2% to $155.88 per share. This is the lowest level since November 18, 2020.

ALSO READ |&nbsp;<a href="https://www.wionews.com/world/elon-musk-no-longer-worlds-richest-man-check-who-is-542818">Elon Musk no longer world's richest man. Check who is</a>

The company's shares are one of the worst-performing stocks among major car and technology companies. According to a US security filing, Musk this week sold 22 million shares of Tesla worth $3.58 billion.&nbsp;

KoGuan Leo, one of the Tesla investors who is the company's third-largest individual shareholder, has put out multiple tweets criticising Elon Musk. Leo has said that Musk abandoned Tesla and it has no working CEO.&nbsp;

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Elon abandoned Tesla and Tesla has no working CEO 
 
Tesla needs and deserves to have working full time CEO 
 
What Tesla BOD should do, do nothing? Elon will find his own successor under BOD independent supervision <a href="https://t.co/AJSvij9ncP">https://t.co/AJSvij9ncP</a>
— KoGuan Leo (@KoguanLeo) <a href="https://twitter.com/KoguanLeo/status/1603022448416407553?ref_src=twsrc%5Etfw">December 14, 2022</a></blockquote>
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A fanboy of Musk, Leo tweeted on Wednesday that Tesla needs to have a working full-time CEO.&nbsp;

ALSO READ |&nbsp;<a href="https://www.wionews.com/technology/elon-musk-slams-twitters-current-lords-and-peasants-system-says-blue-for-8month-530344">Elon Musk slams Twitter's current 'lords and peasants' system, says 'Blue for $8/month'</a>

"Tesla matters. Elon is a mere hired hands. He is our employee. Tesla is 19 year old, ranked 4th with 2.4% allocation in S&amp;P, not a baby and soon be the biggest. Elon was the proud father, Tesla has grown up," he said in another tweet.&nbsp;

Leo pointed out that he was a multi-billionaire before he invested in Tesla. "I plan to invest more $billion because Tesla will be the biggest company with or without Elon. As his fanboy, I invested because of Elon. Of course, I prefer Elon to be CEO but he abandoned Tesla."

Leo also tweeted that he doesn't give a damn if Musk stays or leaves Tesla.&nbsp;

Gary Black, another investor, has expressed discontent over Musk's controversial tweets.&nbsp;

"He (Musk( will realize soon (if not already) that his polarizing political views are hurting customer perceptions of $TSLA EVs. Customers don’t want their cars to be controversial. They want to be proud as hell to drive them - not embarrassed," Black tweeted on Wednesday.&nbsp;

(With inputs from agencies)

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Investors at Tesla have lashed out at its chief executive officer (CEO) Elon Musk for his distraction from the electric car company after its shares declined to hit their lowest levels in over two years on Wednesday.

Investors at Tesla have lashed out at its chief executive officer (CEO) Elon Musk for his distraction from the electric car company after its shares declined to hit their lowest levels in over two years on Wednesday. Musk, who took over Twitter in October, has diverted most of his attention towards running the social media giant. A report by news agency Reuters on Wednesday said that Tesla's shares traded down 1.4%, after falling as much as 3.2% to $155.88 per share. This is the lowest level since November 18, 2020. ALSO READ | Elon Musk no longer world's richest man. Check who is The company's shares are one of the worst-performing stocks among major car and technology companies. According to a US security filing, Musk this week sold 22 million shares of Tesla worth $3.58 billion. KoGuan Leo, one of the Tesla investors who is the company's third-largest individual shareholder, has put out multiple tweets criticising Elon Musk. Leo has said that Musk abandoned Tesla and it has no working CEO. Elon abandoned Tesla and Tesla has no working CEO Tesla needs and deserves to have working full time CEO What Tesla BOD should do, do nothing? Elon will find his own successor under BOD independent supervision https://t.co/AJSvij9ncP — KoGuan Leo (@KoguanLeo) December 14, 2022 × A fanboy of Musk, Leo tweeted on Wednesday that Tesla needs to have a working full-time CEO. ALSO READ | Elon Musk slams Twitter's current 'lords and peasants' system, says 'Blue for $8/month' "Tesla matters. Elon is a mere hired hands. He is our employee. Tesla is 19 year old, ranked 4th with 2.4% allocation in S&P, not a baby and soon be the biggest. Elon was the proud father, Tesla has grown up," he said in another tweet. Leo pointed out that he was a multi-billionaire before he invested in Tesla. "I plan to invest more $billion because Tesla will be the biggest company with or without Elon. As his fanboy, I invested because of Elon. Of course, I prefer Elon to be CEO but he abandoned Tesla." Leo also tweeted that he doesn't give a damn if Musk stays or leaves Tesla. Gary Black, another investor, has expressed discontent over Musk's controversial tweets. "He (Musk( will realize soon (if not already) that his polarizing political views are hurting customer perceptions of $TSLA EVs. Customers don’t want their cars to be controversial. They want to be proud as hell to drive them - not embarrassed," Black tweeted on Wednesday. (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

'He abandoned Tesla': Company's investors lash out at Elon Musk's Twitter focus

Billionaire entrepreneur Elon Musk seems to have his hands full with his takeover of Twitter. With managing the social media platform proving to be quite a task, voices of concern have started emerging about Musk's other companies, Tesla in particular. Financial analysts appear to increasingly agree that Twitter has made Musk take his attention off his other ventures.

"I think there's a real feeling that Elon Musk has taken his eye off the Tesla ball really since the purchase of Twitter. It seems he's dedicated an awful lot of his time to trying to turn around Twitter and make it the company he wants it to be. And as a result, there is a feeling that he's neglecting Tesla, which, of course, has been affected by headwinds of its own, not least the Chinese slowdown...," said Hargreaves Lansdown, Senior Investment and Markets Analyst, Susannah Streeter.

He was quoted by Reuters.

When Musk was in the middle of the protracted process to acquire Twitter, investors in his other companies had expressed concerns that the billionaire was spreading himself too thin by taking over the platform. The days after his takeover have been rocky for the company as his sacked nearly half of its staff. This threatened to destabilise the function of Twitter.

It was revealed on Wednesday (December 14) that Musk sold USD 3.6 billion worth of stocks in Tesla. &nbsp;

The sale is the second big chunk of stock he has cashed out since his $44 billion purchase of Twitter in October, despite his repeated assurance in April that he was done selling Tesla shares.

Also Read | <a href="https://www.wionews.com/world/elon-musk-sells-teslas-22-million-shares-worth-36-billion-543211">Elon Musk sells Tesla’s 22 million shares worth $3.6 billion in three days</a>

It was not clear whether the sale of shares was connected with Twitter. But it was sure to annoy investors &nbsp;who are upset by a perception he is diverting his focus and resources to Twitter ahead of Tesla.

Musk's 13.4% stake in Tesla is down from about 17% a year ago, according to Refinitiv data.

Tesla stock, which rose about 1% in early trading on Thursday (December 15), has halved this year, underperforming both automakers and the broader tech-heavy Nasdaq, which is down about 30% this year.

(With inputs from agencies)

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Billionaire entrepreneur Elon Musk seems to have his hands full with his takeover of Twitter. With managing the social media platform proving to be quite a task, voices of concern have started emerging about Musk's other companies, Tesla in particular.

Billionaire entrepreneur Elon Musk seems to have his hands full with his takeover of Twitter. With managing the social media platform proving to be quite a task, voices of concern have started emerging about Musk's other companies, Tesla in particular. Financial analysts appear to increasingly agree that Twitter has made Musk take his attention off his other ventures. "I think there's a real feeling that Elon Musk has taken his eye off the Tesla ball really since the purchase of Twitter. It seems he's dedicated an awful lot of his time to trying to turn around Twitter and make it the company he wants it to be. And as a result, there is a feeling that he's neglecting Tesla, which, of course, has been affected by headwinds of its own, not least the Chinese slowdown...," said Hargreaves Lansdown, Senior Investment and Markets Analyst, Susannah Streeter. He was quoted by Reuters. When Musk was in the middle of the protracted process to acquire Twitter, investors in his other companies had expressed concerns that the billionaire was spreading himself too thin by taking over the platform. The days after his takeover have been rocky for the company as his sacked nearly half of its staff. This threatened to destabilise the function of Twitter. It was revealed on Wednesday (December 14) that Musk sold USD 3.6 billion worth of stocks in Tesla. The sale is the second big chunk of stock he has cashed out since his $44 billion purchase of Twitter in October, despite his repeated assurance in April that he was done selling Tesla shares. Also Read | Elon Musk sells Tesla’s 22 million shares worth $3.6 billion in three days It was not clear whether the sale of shares was connected with Twitter. But it was sure to annoy investors who are upset by a perception he is diverting his focus and resources to Twitter ahead of Tesla. Musk's 13.4% stake in Tesla is down from about 17% a year ago, according to Refinitiv data. Tesla stock, which rose about 1% in early trading on Thursday (December 15), has halved this year, underperforming both automakers and the broader tech-heavy Nasdaq, which is down about 30% this year. (With inputs from agencies) You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. WATCH WION LIVE HERE ×

Elon Musk is 'neglecting Tesla,' says analyst 

Tesla shares have extended declines and hit their lowest level in more than two years as investors lashed out at Elon Musk. They alleged that his purchase of Twitter is distracting him from the electric car company.

World Business Watch: Tesla shares at over two-year low levels as investors bash Elon Musk

Tesla’s Chief Executive Officer Elon Musk sold 22 million shares worth $3.6 billion, as the total valuation of the shares sold by him this year touched $40 billion and the shares of the company touched a two-year low.&nbsp;According to a US securities filing, 22 million shares were unloaded by Musk in the most valuable car-making company in the world in a span of three days between Monday to Wednesday.

This is the second time since stocks in huge number have been sold by Musk after he made the Twitter purchase worth $44 billion in October.&nbsp; &nbsp;

ALSO READ|&nbsp;<a href="https://www.wionews.com/world/elon-musk-no-longer-worlds-richest-man-check-who-is-542818">Elon Musk no longer world's richest man. Check who is</a>

Although, it’s unclear if the sale of shares is related to the acquisition of Twitter, however, the investors are annoyed by the perception that Musk’s focus as well as resources are getting diverted from Tesla to Twitter.

Brokerage IG Markets’ analyst Tony Sycamore said, "It doesn't put a lot of confidence in the business, or speak volumes for where his attention is at.”

"It's not a good situation. I've spoken to a lot of investors who have Tesla shares and they're absolutely furious at Elon,” he added.

This year, the stock price of Tesla has decreased by 50%, as it has continuously underperformed at both broader tech-heavy Nasdaq and automakers.

WATCH|&nbsp;Twitter grounds account tracking Elon Musk's jet; Musk earlier promised the account was safe

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Maybank Securities’ head of prime brokerage Tareck Horchani said, “It will start to be tiring for investors.”

The fortune of Musk, which is mostly related to Tesla shares, has seen a significant decrease in prices this year and has resulted in him losing the tag of the richest person in the world last week to Louis Vuitton boss Bernard Arnault, as per Forbes.

A month before, shares worth $4 billion were sold by Musk days after the Twitter deal was closed. Musk’s supporter and Tesla investor Ross Gerber tweeted that an announcement of buyback should be made by Tesla "to take advantage to (sic) the low share price Elon has created”.&nbsp;

(With inputs from agencies)

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Tesla’s Chief Executive Officer Elon Musk sold 22 million shares worth $3.6 billion, as the total valuation of the shares sold by him this year touched $40 billion and the shares of the company touched a two-year low.

Tesla’s Chief Executive Officer Elon Musk sold 22 million shares worth $3.6 billion, as the total valuation of the shares sold by him this year touched $40 billion and the shares of the company touched a two-year low. According to a US securities filing, 22 million shares were unloaded by Musk in the most valuable car-making company in the world in a span of three days between Monday to Wednesday. This is the second time since stocks in huge number have been sold by Musk after he made the Twitter purchase worth $44 billion in October. ALSO READ| Elon Musk no longer world's richest man. Check who is Although, it’s unclear if the sale of shares is related to the acquisition of Twitter, however, the investors are annoyed by the perception that Musk’s focus as well as resources are getting diverted from Tesla to Twitter. Brokerage IG Markets’ analyst Tony Sycamore said, "It doesn't put a lot of confidence in the business, or speak volumes for where his attention is at.” "It's not a good situation. I've spoken to a lot of investors who have Tesla shares and they're absolutely furious at Elon,” he added. This year, the stock price of Tesla has decreased by 50%, as it has continuously underperformed at both broader tech-heavy Nasdaq and automakers. WATCH| Twitter grounds account tracking Elon Musk's jet; Musk earlier promised the account was safe Maybank Securities’ head of prime brokerage Tareck Horchani said, “It will start to be tiring for investors.” The fortune of Musk, which is mostly related to Tesla shares, has seen a significant decrease in prices this year and has resulted in him losing the tag of the richest person in the world last week to Louis Vuitton boss Bernard Arnault, as per Forbes. A month before, shares worth $4 billion were sold by Musk days after the Twitter deal was closed. Musk’s supporter and Tesla investor Ross Gerber tweeted that an announcement of buyback should be made by Tesla "to take advantage to (sic) the low share price Elon has created”. (With inputs from agencies)

Elon Musk sells Tesla’s 22 million shares worth $3.6 billion in three days

It won't be wrong to call the year 2022 as a year of major car recalls worldwide. The electric car maker Tesla is one amongst the biggest car makers globally which has announced 20 separate large and small recalls this year and in the latest Tesla has now recalled about 80,000 China-made and imported cars that were produced from as early as 2013.

Massive car recalls issued by global auto makers

Elon Musk-owned Tesla has been directed to recall more than 80,000 cars, including some manufactured in China and others imported, due to software and seat belt issues, a statement from the Chinese market regulator said.

The mass-recall includes 67,698 Model S and Model X cars imported to China from as early as September 25, 2013 to November 21, 2020. It has been reported that software glitches have been affecting the battery management system (BMS) of the electric vehicles. The company said that it will upgrade the software of the recalled lot of Tesla.&nbsp;

Apart from this, Tesla has also recalled 2,736 imported Model 3 cars manufactured between January and November 2019, and 10,127 China-made ones of the same model produced between October 14, 2019 and September 26, 2022.&nbsp;

ALSO READ |&nbsp;<a href="https://www.wionews.com/technology/tesla-reports-two-new-crash-fatalities-in-model-3-cars-linked-to-advanced-driver-assistance-systems-534811">Tesla reports two more crash fatalities in Model 3 cars linked to advanced driver assistance system</a>

In April, Tesla recalled a total of 127,785 units of Model 3 cars in China, citing potential faults in semiconductor components that might lead to collisions.

The US electric vehicle maker is going through something of a rough patch in China. The Asian giant is the world's biggest car market. Tesla's deliveries last month fell to 71,704 from a record high of 83,135 in September, following which the automaker cut the prices to boost demand.

ALSO READ |&nbsp;<a href="https://www.wionews.com/technology/china-tesla-to-identify-the-truth-behind-fatal-crash-involving-model-y-that-killed-two-watch-534074">Tesla to 'identify the truth' behind fatal crash involving Model Y in China</a>

Tesla recently upgraded its Shanghai factory to double its production capacity to nearly one million cars a year. However, wait times for cars have shrunk to as little as one week from as long as 22 weeks earlier this year, a sign that the company is struggling to boost sales.

WATCH |&nbsp;<a href="https://www.wionews.com/videos/elon-musk-considers-creating-the-everything-app-equivalent-to-chinas-wechat-522975">Elon Musk considers creating the 'everything app' equivalent to China's WeChat</a>

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China is Tesla’s most important market after the US. The Model Ys and Model 3s made at its factory on the outskirts of Shanghai supply the local market and are also exported to other parts of Asia and Europe.

(With inputs from agencies)

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Elon Musk-owned Tesla has been directed to recall more than 80,000 cars, including some manufactured in China and others imported, due to software and seat belt issues, a statement from the Chinese market regulator said.

Elon Musk-owned Tesla has been directed to recall more than 80,000 cars, including some manufactured in China and others imported, due to software and seat belt issues, a statement from the Chinese market regulator said. The mass-recall includes 67,698 Model S and Model X cars imported to China from as early as September 25, 2013 to November 21, 2020. It has been reported that software glitches have been affecting the battery management system (BMS) of the electric vehicles. The company said that it will upgrade the software of the recalled lot of Tesla. Apart from this, Tesla has also recalled 2,736 imported Model 3 cars manufactured between January and November 2019, and 10,127 China-made ones of the same model produced between October 14, 2019 and September 26, 2022. ALSO READ | Tesla reports two more crash fatalities in Model 3 cars linked to advanced driver assistance system In April, Tesla recalled a total of 127,785 units of Model 3 cars in China, citing potential faults in semiconductor components that might lead to collisions. The US electric vehicle maker is going through something of a rough patch in China. The Asian giant is the world's biggest car market. Tesla's deliveries last month fell to 71,704 from a record high of 83,135 in September, following which the automaker cut the prices to boost demand. ALSO READ | Tesla to 'identify the truth' behind fatal crash involving Model Y in China Tesla recently upgraded its Shanghai factory to double its production capacity to nearly one million cars a year. However, wait times for cars have shrunk to as little as one week from as long as 22 weeks earlier this year, a sign that the company is struggling to boost sales. WATCH | Elon Musk considers creating the 'everything app' equivalent to China's WeChat × China is Tesla’s most important market after the US. The Model Ys and Model 3s made at its factory on the outskirts of Shanghai supply the local market and are also exported to other parts of Asia and Europe. (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Tesla recalls over 80,000 China-made cars over software, seat-belt issues

More than 321,000 Tesla cars have been recalled in the US over a tail lights issue, the company announced in a filing made public on Saturday. In the filing submitted to National Highway Traffic Safety Administration (NHTSA), Tesla said the tail lights in its 2023 Model 3 and 2020-2023 Model Y vehicles may intermittently fail to illuminate, thereby necessitating the repairs.

More than 321,000 Tesla cars have been recalled in the US over a tail lights issue, the company announced in a filing made public on Saturday. In the filing submitted to National Highway Traffic Safety Administration (NHTSA), Tesla said the tail lights in its 2023 Model 3 and 2020-2023 Model Y vehicles may intermittently fail to illuminate, thereby necessitating the repairs. The electric vehicle (EV) manufacturer added that it will be deploying over-the-air software updates to fix the bugs causing the light issue. WATCH | Gravitas: Tesla car crash video shocks China × Tesla became aware of the issue in October after customers complained about the faulty tail lights not illuminating. The recall by Tesla comes a day after it announced a recall of over 30,000 Model S and Model X vehicles after an issue that may have caused the front passenger airbag to deploy incorrectly. After the recall announcement, Tesla's shares dipped by as much as three per cent to hit a near two-year low. According to NHTSA data, the EV company has recalled more than 3.7 million vehicles in 19 US recall campaigns in 2022 alone. However, the spate of recalls is not limited to the US for the Elon Musk-owned company. Over 1,000 Tesla cars were recalled in Australia last Wednesday over a steering fault issue. Read more: Over 1,000 Teslas recalled in Australia, days after horrific crash in China The Australian Department of Transport said the steering fault in Tesla Model S and Model X variants sold between 2017-2020 could increase the risk of an accident "causing injury or death" to the occupants of the car. Notably, it was the second time that such a mass recall was issued for Tesla cars in the country down under. Earlier, 326 Tesla Model 3 vehicles were recalled over defective seat belts. (With inputs from agencies) WATCH WION LIVE HERE:

Over 321,000 Teslas recalled in the United States over tail light malfunction

The electric car-making company Tesla has recalled another set of vehicles in the United States after over 300,000 vehicles were reported to be facing tail light issues.

Tesla recalls over 300,000 vehicles in US over taillight software glitch

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