Shareholders could decide the future of Elon Musk and Tesla this week as they vote on the proposed $1 trillion pay package many big investors are finding hard to accept at a time when Musk’s judgement and entrepreneurial instinct is in question. More from Headlight.News.
Tesla revealed its third-quarter operating income dropped 40% compared to the year-ago period despite setting a new record for deliveries and revenue during the period. Officials cited a litany of reasons, but the biggest drivers appear to be tied to tariffs and sales mix. Check out the story at Headlight.News.
Earlier this year, the U.S. State Dept. canceled plans to purchase as much as $400 million worth of Tesla Cybertrucks for use by its diplomats. Now, the Air Force is looking to buy at least two of the electric pickups – but solely to blow them up. Headlight.News explains why.
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.
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.
As electric vehicle sales continue to rise, albeit slowly, those increases apparently are coming at the expense of the segment leader: Tesla. The Texas-based EV maker reported its second quarter deliveries dropped 13.5% compared to the same time last year. Find out what’s crimping sales at Headlight.News.
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’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 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.
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.
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.
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.