The Elon Musk-led company’s shares fell 5.3% in early trading and were on track to lose about $30 billion in market value.
Read More Tesla quarterly deliveries fall for the first time in nearly four yearsTag: Model 3
US auto safety agency upgrades probe into Tesla power steering loss
U.S. safety regulators have upgraded their probe into Tesla vehicles over power steering loss to an engineering analysis.
Read More US auto safety agency upgrades probe into Tesla power steering lossWhat happens to Musk’s Tesla pay after $56 billion package thrown out? It is complicated
The Tesla chief executive and a board seen as captive to him must find a way to negotiate a replacement contract.
Read More What happens to Musk’s Tesla pay after $56 billion package thrown out? It is complicatedExclusive: Tesla plans to build new electric vehicles in mid-2025
Tesla has told suppliers it wants to start production of a new mass market electric vehicle codenamed “Redwood.”
Read More Exclusive: Tesla plans to build new electric vehicles in mid-2025Tesla falls on long wait for Cybertruck payoff, hefty price tag
Tesla shares fell about 2% after the highly anticipated launch of its Cybertruck left analysts concerned about the EV’s steep price tag and a longer wait for significant financial payoff.
Read More Tesla falls on long wait for Cybertruck payoff, hefty price tag