Tesla Profit Doubles From Tax Effect, but Price Cuts Hurt
Quarterly earnings soared from a year earlier after the company booked a tax benefit, but increased competition and a price war took a toll, the electric-car maker said.
Tesla Drivers in Chicago Confront a Harsh Foe: Cold Weather
In freezing temperatures, the batteries of electric vehicles can be less efficient and have shorter range, a lesson many Tesla drivers in Chicago learned this week.
Musk Demands Bigger Stake in Tesla as Price for A.I. Work
Elon Musk, the electric car company’s chief executive, said he would “build products outside of Tesla” unless the board raises his stake to 25 percent.
Hertz Sells 20,000 Electric Cars After Being Burned by Tesla’s Price Cuts
The rental car company blamed the sharp drop in the value of electric vehicles and higher repair costs for its decision to sell 20,000 cars.
Tesla Recalls 1.6 Million Cars in China to Fix Self-Driving Systems
The recall follows a similar move by the company in the United States to upgrade the cars’ Autopilot feature.
Tesla Sales Rebound After Steep Price Cuts
The leading electric-vehicle maker also drew buyers eager to take advantage of government incentives that will be harder to get in 2024.
China’s BYD Sold 3 Million Electric Vehicles and Hybrids in 2023
Sales by BYD, the country’s dominant automaker, topped 3 million last year, including 1.6 million fully battery-powered cars in a sign of China’s rapid growth in EVs.
Tesla Strike in Sweden Highlights a Culture Clash
Workers seeking a collective agreement from the automaker say they are pushing for their rights, but car owners see them as taking the fight too far.
Fewer Electric Vehicles Will Qualify for U.S. Tax Credits in 2024
Purchases of popular models like the Tesla Model 3 and the Ford Mustang Mach-E may no longer entitle buyers to tax savings because the cars do not meet tougher sourcing requirements.
The Big Number: 2 Million
Federal regulators said the automaker had not done enough to make sure that drivers were paying attention while using Autopilot.