Sluggish car sales and a tough price war with rivals are weighing on Elon Musk’s electric vehicle company.
Investors voted overwhelmingly to reinstate the C.E.O.’s multibillion-dollar compensation package, inextricably tying the car maker’s future to the tech billionaire.
The White House has imposed $18 billion in new duties on Chinese imports, but it’s unclear how much that will help his economic agenda.
Tesla’s C.E.O. appears to have landed a deal that moves the company closer to bringing fully autonomous driving to a giant market. But Beijing is keen to exploit the visit for its own purposes.
The electric vehicle maker has announced price cuts and a Cybertruck recall ahead of Tuesday’s pivotal earnings report.
The electric vehicle maker will ask shareholders to vote again on a multibillion-dollar compensation package that was voided by a judge in January.
The electric vehicle maker will ask shareholders to vote again on a multibillion-dollar compensation package that was voided by a judge in January.
The carmaker’s disappointing results point to slowing demand and a “sharp deterioration in growth” that extends beyond Elon Musk’s company.
The latest proposal comes from Luca de Meo, the C.E.O. of Renault Group, who is pushing for an Airbus-inspired alliance that would help European automakers fend off competition from cheaper Chinese-made electric vehicles.
The tech giant has dropped its electric vehicle project, but some of the development at the heart of the project has helped power other products and services .