NHTSA closes three year investigation into Tesla’s Autopilot feature after the company announced a recall in December. Agency states the system has critical safety gap that contributed to hundreds of incidents and a growing tally of fatalities.
Tesla news
Tesla Falls Short in First Quarter, Sees Profit Drop 55%
For the first quarter of this year, Tesla delivered fewer vehicles and made less money than it did at this time last year. The company’s net income fell 55% and revenue slid 9% despite EV sales being up for other automakers during the period. Get details at Headlight.News.
Tesla Shares Slide After Most Recent Price Cuts
EV leader Tesla saw its share price fall more than 3% Monday after it cut prices on many of its vehicles by as much as $2,000 over the weekend. It’s the second time the company’s slashed prices in the past two weeks, highlighting the company’s efforts to revive sales and improve profits. Find out more at Headlight.News.
Tesla’s Beginning to Cut Workers as Part of its Global Layoff
Shortly after telling Tesla workers the company would be cutting 10% of its workforce, the EV maker’s already swung into action. It filed paperwork showing it would layoff 14% of its employees at its New York plant. It also cut 300 subcontractors from its German operations. Get details at Headlight.News.
Tesla Cutting 10% of Workforce Globally, Implementing Other Changes
Tesla CEO Elon Musk is reacting to the EV maker’s sluggish sales by cutting 10% of the company’s global workforce, according to reports. Additionally, he’s making other personnel changes aimed at reducing overhead. The move comes 10 days after he slashed prices on vehicles to stimulate sales. Find out more at Headlight.News.
Tesla Offering Big Discounts a Week After Raising Model Y Price
In mid-March, Tesla officials warned a $1,000 price increase would be applied to the Model Y on April 1 — and they made good on it. Just four days later, the EV maker is offering big discounts on several vehicles, hoping to shed excess inventory. Find out more at Headline.News.
Tesla Raises Prices as CEO Musk’s Reputation Falls
Tesla made good on previously announced plans to raise prices on its bestselling Model Y by $1,000 in the U.S. The move was revealed a few weeks ago, and now it’s been put in place. The price increase comes as new study suggests CEO Elon Musk is putting off potential buyers. Get details at Headlight.News.
Tesla Stock Again in Freefall; How Low Will it Go?
Betting on the stock market isn’t for the fainthearted. But it takes an iron constitution to buy in on Tesla. True, those who’ve hung with the automaker since its early days have been well rewarded. But recent years have taken investors on a rollercoaster ride. And nowhere has it been more apparent than over the past few months. After nearing a 52-week late last year, Tesla shares have been in decline. And that’s now showing signs of turning into a full-on rout, even some long-term Tesla bulls getting worried.
Tesla Shipping New Roadster in 2025, Musk Claims
Elon Musk, Tesla’s CEO, revealed the company plans unveil its second-generation roadster by the end of this year with deliveries starting next year. The Roadster was the first-ever Tesla vehicle, and its replacement was slated to arrive four years ago. Details at Headlight.News.
EV Makers Cutting Prices Again
Tesla and Rivian have gotten the scissors out again, cutting prices on their new offerings. The reductions are temporary for Tesla while Rivian’s cuts are designed to help offset being ineligible for part of the $7,500 federal tax credit. Get the details at Headlight.News.
Federal Safety Officials Upgrade Tesla Power Steering Probe
The National Highway Traffic Safety Administration moved its probe into Tesla’s power steering loss from a probe to an engineering analysis as the company recalled 2.2 million vehicles due to a font size issue. Get details at Headline.News.
Tesla’s Next Generation Vehicle is Coming — And It’s Cheaper
Rarely content to simply confirm something most already know, Tesla CEO Elon Musk said Wednesday evening the company’s next-gen platform was in development — and that it will change the way manufacturing EVs is done. Find out what he meant at Headlight.News.