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.
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.
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.
Elon Musk took a big hit to the wallet in January when a Delaware judge rejected the $56 billion payout he was awarded by Tesla. The decision, along with Tesla’s weakened stock price, briefly knocked Musk off his perch as the world’s richest man. Now, Tesla is asking its shareholders to vote again on the pay plan while proposing other changes that would make it less likely future proposals could run into legal trouble.
For the second time, Fiat is offering an electric version of its iconic Cinquecento. It’s far easier to justify purchasing given its longer range, while its price makes it somewhat affordable. Whereas buying an EV once meant settling for a Tesla of some kind, consumer...
Tesla CEO Elon Musk said in a tweet that the automaker will reveal its new robotaxi on August 8, 2024. According to recent reports, Tesla has scrubbed plans to build an “affordable” EV to focus resources on developing the driverless ride-sharing vehicle – though Musk said such reports are false.
The CEO of Hertz Global Holdings, has handed in his key to the executive washroom. He’s stepping down after a disastrous move that saw the daily rental company add 100,000 Teslas to its fleet. The EVs didn’t prove as popular as expected with customers – but they did wind up experience far more repairs than anticipated. Adding insult to injury, Tesla’s big price cuts meant massive losses for Hertz when it tried to sell the vehicles off.