Elon Musk’s increasingly mercurial behavior is having a substantial impact on the Texas-based EV maker. But it may also have a serious impact on the Tesla CEO himself as shareholder resistance grows to the $50 billion pay package the automaker wants to give Musk. A key investor, and former Musk “fanboy,” voting no.
President Joe Biden raised tariffs on an assortment of Chinese-made goods, including the battery-electric vehicles manufacturers like BYD, Geely and Great Wall have been hoping to start selling in the U.S. The threat of these inexpensive EVs – some starting at barely $10,000 – has sent shivers through the American auto industry, one trade group warning their arrival poses an “extinction-level event.” Headlight.News explains why.
Just days after firing the head of Tesla’s Supercharger operations – and dismissing her entire 500-person staff – CEO Elon Musk appeared to reverse course, announcing on his social media site X that the automaker still will invest “well over” $500 million on “new sites and expansions” of the public charging system. The apparent turnaround comes as Tesla comes under increasing pressure from Tesla investors, analysts, owners and other automakers who have done deals to gain access to the Supercharger network for their own EV customers.
Tesla embarks on company wide hiring freeze as the EV maker struggles with mounting investigations, slumping demand, and a decrease in profits.
In desperate need of a more affordable product that can deliver a big boost in sales, Lucid is working up a new compact SUV taking aim at the Tesla Model Y. Expect it to enter production by 2026, with a base price of less than $50,000, said CEO Peter Rawlinson, earlier than previously expected.
Tesla now faces a criminal probe, federal prosecutors raising questions about the way the automaker has promoted its Autopilot and Full Self-Driving technology which – despite what Tesla and CEO Elon Musk have implied to investors and consumers – are not capable of being driven hands-free.
Tesla launched yet another round of layoffs this week as CEO Elon Musk struggles to compensate for slowing sales and a 55% drop in first-quarter earnings. The latest cuts mean Tesla will see total U.S. employment drop as much as 20%, according to one report, with some departments, including its Supercharger operations, eliminated entirely.
Cadillac has backed away from its plan to offer “an all-electric portfolio by 2030,” the luxury brand’s global boss acknowledged Wednesday. While that could yet happen, said General Motors Vice President John Roth, Caddy is likely to continue offering vehicles using internal combustion engines well into the next decade.
It was looking to be a very good week for Tesla, news of a weekend deal with the Chinese government sending the EV maker’s stock soaring. But that’s so yesterday in the 24-hour news cycle. And word that CEO Elon Musk has dismissed two key executives – with their entire staff set to follow – took the steam out of Tesla’s nascent stock rebound.
This week's edition of the Headlight.News podcast covers a rollercoaster week for Tesla as it faces a new safety probe from the NHTSA and also sees its earnings tumble. Meanwhile, we preview several new products and also review the 2025 Toyota Camry before looking...
Tesla face new challenges from unions and environmentalists as the company’s sales and reputation begin to slip in Europe amid the expanding conflicts in Scandinavia and Germany.
Tesla CEO Elon Musk scored a much-needed win during a surprise trip to China over the weekend, a top Chinese official giving the automaker approval to launch its Full Self-Driving technology in the country’s massive car market. The news sent Tesla stock soaring – but also drew concerns coming days after a damaging assessment of Tesla’s original Autopilot system by U.S. regulators.