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Tesla Earnings Plunge while Musk Warns of “a Few Rough Quarters”

Tesla Earnings Plunge while Musk Warns of “a Few Rough Quarters”

Tesla reported a 16% plunge in second-quarter net income as its worldwide sales continue to decline. CEO Elon Musk warned that there could yet be “a few rough quarters” ahead before the automaker gets its long-promised “affordable” EV into production. More from Headlight.News.

Tesla Sales, Stock Face New Backlash as CEO Musk Launches New Political Party

Tesla Sales, Stock Face New Backlash as CEO Musk Launches New Political Party

The battle between Elon Musk and Pres. Donald Trump has rapidly escalated as the Tesla CEO lays out plans to launch a new political party. But the Texas-based automaker is already suffering collateral damage. Days after Tesla announced another sharp decline in sales for the second quarter, the automaker’s stock price is taking a sharp hit as investors race for the exit. More from Headlight.News.

A Wave of Senior Execs Exit As Tesla Sales Plunge

A Wave of Senior Execs Exit As Tesla Sales Plunge

Yet again, Tesla sales stumbled by double-digits in May, marking the fifth monthly decline in a row. Meanwhile, the man appointed to run operations and sales in Europe and the U.S. has left the automaker, as has its head of human resources. Tesla has seen a flood of senior execs leave in recent months, including the head of its Optimus robot program. But it did manage to snag the former head of autonomy from GM’s now shuttered Cruise subsidiary.

Tesla Earnings Plunge while Musk Warns of “a Few Rough Quarters”

Feds Examining Incidents Where Tesla’s Robotaxis Appeared to Break Laws

Tesla’s first day of robotaxi service in Austin, Texas appeared to go off without a disastrous hitch. However, federal safety regulators are looking into situations where the vehicles may have broken local traffic laws. Meanwhile riders offered their largely positive reviews. Get details at Headlight.News.

Tesla CEO Musk Says He “Regrets Some”  Posts Targeting Pres. Trump

Tesla CEO Musk Says He “Regrets Some”  Posts Targeting Pres. Trump

Tesla CEO Elon Musk appeared to be waving a white flag early Wednesday morning, saying he “regret(s) some” of the criticism he aimed at Pres. Donald Trump last week. But it’s not clear whether that will be enough to deescalate the sudden feud between the two former allies. Trump and allies had warned Musk he could be putting billions of dollars in federal contract for his companies – including Tesla and SpaceX – at risk. Headlight.News has more.

Musk Meltdown: Sex, Drugs and Mismanagement

Musk Meltdown: Sex, Drugs and Mismanagement

A series of new headlines reveal how Tesla CEO Elon Musk made extensive use of drugs while working as head of the Dept. Of Government Efficiency. But his use of ketamine and other controlled substances began long before Musk began working for Pres. Donald Trump. And it has contributed to what many observers have seen as erratic personal behavior and corporate mismanagement. Headlight.News has more.

Musk Says Driverless Tesla Model Y Deliveries Begin in June

Musk Says Driverless Tesla Model Y Deliveries Begin in June

Tesla CEO Elon Musk has been promising a self-driving vehicle for years — and missed those targets for years. However, the time has arrived for him to make good on his word, he says, and the first set of driverless Teslas will be delivered in June. Get details in Headlight.News.

Musk Promises to Stay in Tesla Role for 5 Years, Cutting Back on Politics

Musk Promises to Stay in Tesla Role for 5 Years, Cutting Back on Politics

Elon Musk is cutting back on political activity as Tesla pushes into autonomous vehicles, announcing plans to stay with the automaker as CEO for the next five years. Musk also said autonomy is the key to Tesla’s future, with its new CyberCab ready to roll next month.

Newer, Cheaper Version of Tesla Model Y Debuts

Newer, Cheaper Version of Tesla Model Y Debuts

The first major update of Tesla’s best-selling product line, the Model Y, has officially gone on sale. Known internally by its codename, Juniper, it’s also being offered in a newer, cheaper form, with a base rear-wheel-drive package dropping to $37,490 after factoring in federal tax credits. Whether that will reverse declining Tesla sales, hurt by widespread protests against CEO Elon Musk’s role in the Trump administration, remains to be seen. More from Headlight.News.