With thousands gathered in protest at dealers around the world over the weekend, Tesla wrapped up what is expected to be a weak first quarter, the automaker watching sales dwindle as opposition grows to CEO Elon Musk’s role in the Trump administration – as well as his increasingly vocal shift to the political far right. Headlight.News has the latest.
Thousands of people are expected to gather at more than 500 showrooms, service centers and other locations on Saturday March 29 as part of “Tesla Takedown,” a loosely organized movement aimed at protesting CEO Elon Musk’s political shift to the extreme right, as well as his role heading the Trump administration’s controversial Department of Government Efficiency. The question is whether there will be any of the sort of violence that has occurred at other protests in recent weeks. Headlight.News has more.
Charging up your EV can be a long and lonely experience when you’re on the road, public chargers often located in out-of-the-way places with nothing to do while you wait, often as long as an hour or more for the batteries to suck down their fill of electrons. So, why not let EV owners chow down, as well? That’s the idea behind the 24-hour diner and drive-in theater Tesla is setting up in Hollywood. But it’s proven more difficult than expected for CEO Elon Musk to line up the sort of celebrity chef he’s been after to run the place. More from Headlight.News.
A growing number of investors, including some of Tesla’s traditional bulls, are pressing the automaker to replace CEO Elon Musk despite the rebound in the company’s stock this week. That has led to growing speculation over who might come in to replace him, with founder and former tech chief J.R. Straubel in the spotlight. Headlight.News has more.
The accounting of Tesla’s capital spending and assets, particularly what appears to be a missing $1.4 billion, are prompting new questions about spending by the company and its uber-wealthy CEO Elon Musk.
As protests at many Tesla showrooms become a daily occurrence and those who own the automaker’s products find themselves routinely given thumbs-down or an extended middle finger, more and more are trading in, according to new data. But they’re finding residual values for used Teslas have come crashing down. That’s something competitors such as Lucid and Polestar hope to take advantage of, as Headlight.News reports.
While most EV owners charge their vehicles at home overnight, plugging in can be a real hassle when you’re on the road. With many of today’s EVs it can take an hour to go from a 10 to 80% state-of-charge. But China’s BYD claims its new “super e-platform” can allow motorists get another 249 miles of range in as little as 5 minutes at public quick chargers, essentially matching the time it takes to fill up a gas tank. Headlight.News has more.
Two top Tesla investors are taking aim at CEO Elon Musk, one saying he must pull back from his work for the Trump administration, the other saying the damage is done and that it’s time for the automaker to find a new chief executive. Things grew worse for the...
After initially halting deliveries due to reports of exterior panels detaching while the vehicle is being driven, Tesla said Thursday it would recall all Cybertrucks it has produced from launch through late last month. It comes as the eighth safety recall of the electric pickup and another setback for a manufacturer that has seen its stock price plummet by nearly half its value since mid-December. It underscores the fact that Tesla has had major ongoing quality, durability and recall problems. Headlight.News has more.
Bad enough for Tesla that demand Cybertruck has fallen far short of its original expectations – with the electric pickup coming to symbolize growing opposition to the politics of the automaker’s CEO. Now comes word Tesla has had to halt Cybertruck deliveries as it struggles to find a way to prevent sheet metal and other body parts from flying off when the truck is driven at highway speeds.
It’s hard to find anything “analogous” in automotive history to the ongoing crisis at Tesla, JP Morgan warned, as the automaker’s global sales collapse, its stock price further tumbles and CEO Elon Musk’s once hero image goes up in flames. There are few signs Pres. Donald Trump’s enthusiastic endorsement of the brand last week will generate sales. If anything, Tesla itself now warns, the company could get caught up in Trump’s trade war.
The ongoing trade tensions between the U.S. and Canada got a little more … targeted Monday. The city of Toronto announced Tesla vehicles will no longer be eligible for the city’s EV incentives for taxis. Get details at Headlight.News.