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.
With demand in a sharp slump, Tesla’s controversial Cybertruck has slipped to second in the emerging EV pickup segment, behind the Ford F-150 Lightning. But the Blue Oval’s all-electric truck has its own struggles. Headlight.News has more.
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.
Tesla denied reports the company’s board has begun searching for a replacement for CEO Elon Musk. The South African-born entrepreneur has come under increasing fire due to his ties to the Trump administration, leading to a sharp slump in Tesla sales and earnings and calls by some leading investors to find a new chief executive. Headlight.News has the latest.
Tesla has long promised to deliver an “affordable” battery-electric vehicle, but the project has yet again been delayed, according to a new report. With competition coming in the under-$30,000 segment, the delay could add to Tesla’s woes as sales continue to sag, driving down both Tesla’s earnings and stock price. Headlight.News has more.
Tesla faces a new lawsuit accusing the company of intentionally inflating the mileage shown on its vehicles’ odometers in order to avoid warranty claims. The new class action suit filed in California could expose the automaker to potentially massive fines, penalties and other costs under both state and federal law if it were found to be rigging odometer readings. Separately, CEO Elon Musk signaled that Tesla will have to replace as many as 4 million onboard computers not capable of operating the latest version of the company’s Full Self-Driving system.
Tesla sales have fallen all over the world, much of that due to backlash against CEO Elon Musk’s political ties to the Trump administration. Now, the automaker’s share of the bellwether California EV market has dipped below 50%, as competitors draw in EV buyers with a flood of new products.
Tesla shareholders breathed a sigh of relief on Wednesday morning, word leaking out of the White House suggesting CEO Elon Musk will soon give up his controversial role as the head of the Trump administration’s Dept. of Government Efficiency. Then, Tesla released its first-quarter sales numbers, global deliveries falling three times further than what Wall Street anticipated. Its stock rebound in reverse, a growing number of investors and analysts now wonder whether Tesla and its CEO can recover from the hit they’ve taken.
Tesla sales for the first quarter of 2025 fell to their lowest level in three years, even as overall EV command continued to rise worldwide. The plunge reflected a growing backlash against Tesla CEO Elon Musk’s political shift to the far right and his role as head of the Trump administration’s controversial Department of Government Efficiency. Headlight.News has this breaking story.
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.