Manufacturers like BYD, Tesla and Li Auto are cutting prices to move their electric cars. For gasoline-powered vehicles, the surplus of factories is even worse.
Analysts expect first-quarter results to show a decline in profits, fueling worries that competitors will grab a bigger slice of slowing electric car sales.
The electric vehicle maker has announced price cuts and a Cybertruck recall ahead of Tuesday’s pivotal earnings report.
La empresa corre el riesgo de rezagarse en la industria que ayudó a crear. ¿Qué pasaría si eso sucede?
A federal auto safety agency said the accelerator pedal on the pickup truck, sales of which began in late 2023, could become stuck, increasing the risk of accidents.
The company’s directors are asking shareholders to again approve the multibillion-dollar compensation plan and to move the company’s registration to Texas, from Delaware.
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.
More competition and flagging demand for electric vehicles has led to declining sales at Tesla.
Elon Musk’s electric car company reported a drop in sales in the first three months of the year, and its profit margin has been falling for months.