tesla

  1. Hanno Labuschagne

    Tesla slashes prices again

    Tesla slashes prices again Tesla Inc. spent the weekend cutting prices of its models across China, Europe and the US amid slumping sales and a glut of inventory. Late Saturday, the company led by Elon Musk also slashed the price of the driver-assistance software that it calls Full...
  3. Hanno Labuschagne

    Nearly 4,000 Cybertrucks recalled over stuck accelerators

    Nearly 4,000 Cybertrucks recalled over stuck accelerators Tesla Inc. recalled 3,878 Cybertruck pickups to rework or replace accelerator pedals that can dislodge and cause the vehicle to unintentionally accelerate, increasing risk of a crash. The carmaker received notice of two customer claims...
  4. Hanno Labuschagne

    Musk's R1.06-trillion Tesla payday up for another shareholder vote

    Musk's R1.06-trillion Tesla payday up for another shareholder vote Tesla Inc. will ask shareholders to vote again on the same $56-billion (R1.06-trillion) compensation package for chief executive officer Elon Musk that was voided by a Delaware court early this year. In its proxy filing issued...
  5. Hanno Labuschagne

    Tesla's largest-ever staff cuts include two top execs

    Tesla's largest-ever staff cuts include two top execs Two of Tesla Inc.’s top executives have left in the midst of the carmaker’s largest-ever round of job cuts, as slowing electric-vehicle demand leads the company to reduce its global headcount by more than 10%. The cuts could reach closer to...
  6. Hanno Labuschagne

    Tesla could see first quarterly sales drop since 2020

    Tesla could see first quarterly sales drop since 2020 Tesla Inc. may be headed for a gloomy milestone as waning demand for electric vehicles and elevated interest rates take a toll on sales. Analysts rapidly lowered their projections for this week’s deliveries report as the quarter came to a...
  7. Hanno Labuschagne

    Xiaomi's SU7 EV launching on Thursday

    Xiaomi's SU7 EV launching on Thursday Xiaomi Corp.’s $8 billion stock rally faces a key test when the Chinese smartphone giant unveils its first electric vehicle Thursday, as it attempts to muscle into an unfamiliar and intensely competitive market. It will start selling its SU7 series in...
  8. Hanno Labuschagne

    Best EVs not for sale in SA

    Best EVs not for sale in SA While the number of electric vehicle (EV) models on sale in South Africa has jumped in the past few years, many of the world's best-reviewed options are unavailable locally. There were nearly 30 distinct EV models on sale in South Africa at the end of 2023, with...
  9. Hanno Labuschagne

    Lexus tops driver assistance safety rankings — beating Tesla and Mercedes-Benz

    Lexus tops driver assistance safety rankings — beating Tesla and Mercedes-Benz One of the auto industry’s most closely watched evaluators of safety has put carmakers’ driver-assistance systems to the test, and the results aren’t pretty. A system Toyota Motor Corp. offers on the Lexus LS sedan...
  10. Hanno Labuschagne

    Bezos retakes world's richest crown from Musk

    Bezos retakes world's richest crown from Musk For the first time in more than nine months, Elon Musk is no longer the world’s richest person. Musk lost his position atop the Bloomberg Billionaires Index to Jeff Bezos after shares in Tesla Inc. tumbled 7.2% on Monday. [Bloomberg]
  11. Hanno Labuschagne

    Nvidia stock boom reminiscent of Tesla hype

    Nvidia stock boom reminiscent of Tesla hype Nvidia Corp.’s rise is captivating the stock market and driving the S&P 500 Index to new highs. But it also raises cautionary reminders of another investor darling that soared on dreams of a technological transformation, only to tumble back to earth...
  12. Hanno Labuschagne

    The story of the Joule — SA's early attempt at becoming an EV giant

    The story of the Joule — SA's early attempt at becoming an EV giant South Africa was close to being one of the first countries to mass-produce passenger electric vehicles (EVs), but unrealistically ambitious sales targets and another costly failed government-funded scientific project saw Tesla...
  13. Hanno Labuschagne

    BYD executive warns Musk over Tesla's AI focus

    BYD executive warns Musk over Tesla's AI focus A senior executive at BYD Co. stoked the Chinese automaker’s rivalry with Tesla Inc., warning Elon Musk that he’ll face challenges in intelligent driving systems. BYD is “very strong now,” Zhao Changjiang, the head of sales for the firm’s Denza...
  14. Hanno Labuschagne

    Elon wants more control over Tesla

    Elon wants more control over Tesla Elon Musk leaned on Tesla Inc.’s board to arrange another massive stock award for him years after he sold a significant chunk of his shares in the company to acquire Twitter. In one of several posts on the topic, Musk wrote that unless he has roughly 25%...
  15. Hanno Labuschagne

    New Panasonic battery could make EVs cheaper in 2024

    New Panasonic battery could make EVs cheaper in 2024 Panasonic Holdings Corp. plans to roll out the newest iteration of its electric vehicle battery cells with improved capacity as early as this calendar year, the chief technology officer for EV batteries said. A revamped version of its 2170...
  16. Hanno Labuschagne

    The problem with braking in self-driving cars

    The problem with braking in self-driving cars While self-driving vehicles are being deployed in numerous cities globally, persistent controversies continue to challenge their deployment. Recently, Tesla recalled more than two million cars after the US regulator found problems with its driver...
  17. Hanno Labuschagne

    Big Tech share prices hammered at start of 2024

    Big Tech share prices hammered at start of 2024 The largest technology stocks that lifted the broader market last year are having a less-rosy start to 2024. The so-called Magnificent Seven, which includes Apple Inc., Amazon.com Inc., Alphabet Inc., Microsoft Corp., Meta Platforms Inc., Tesla...
  18. Hanno Labuschagne

    Tesla is no longer the world's best-selling EV maker

    Tesla is no longer the world's best-selling EV maker Tesla Inc. delivered more vehicles than expected in the fourth quarter, though not enough for the Elon Musk-led company to stay ahead of China’s BYD Co. in global electric-car sales. Tesla handed over 484,507 vehicles in the last three...
  19. Hanno Labuschagne

    BYD might have just passed Tesla as world's biggest EV maker

    BYD might have just passed Tesla as world's biggest EV maker Chinese automaker BYD Co. sold 526,409 fully electric vehicles in the fourth quarter, meaning Tesla Inc. will need a record showing to maintain its No. 1 status when it unveils sales figures on Tuesday. China’s best-selling car brand...
  20. Hanno Labuschagne

    What R1,000 in biggest tech shares bought at start of 2023 would be worth now

    What R1,000 in biggest tech shares bought at start of 2023 would be worth now This year has been great for tech stock investors, with the share prices of companies like Nvidia, Meta Platforms, Tesla, and AMD all increasing by more than 100% between 3 January and 26 December 2023. MyBroadband...
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  21. Hanno Labuschagne

    Biggest Tesla recall will see over 2 million cars get over-the-air patch

    Biggest Tesla recall will see over 2 million cars get over-the-air patch Tesla Inc. will fix more than 2 million vehicles — its biggest recall ever — after the top US auto-safety regulator determined its driver-assistance system Autopilot doesn’t do enough to guard against misuse. The move is...
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