Tesla's share price has plunged 69% in 2022
The tailspin in Tesla Inc. shares accelerated Tuesday, marking their longest losing streak since 2018, as a report of a plan to temporarily halt production at its China factory rekindled fears about demand risks.
Shares of the Elon Musk-led company...
Tesla's $300 wireless charging station charges up to three devices at a time
Electric vehicle (EV) company Tesla has launched a wireless charging station with a price tag of $300 (R5,100).
The automaker said the Tesla Wireless Charging Platform’s design was inspired by its upcoming EV bakkie —...
Tesla has lost over R3.73-trillion market value in December 2022
The automaker that, for the longest time, could do no wrong is capping off a rough 2022 with an awful December.
Tesla lost about $219 billion (R3.73 trillion) of market value just this month entering Friday’s session, which is...
Elon Musk sells more Tesla stock — and loses #1 richest position
Elon Musk, who lost his No. 1 spot on Bloomberg’s ranking of the world’s richest people this week, unloaded Tesla Inc. stock for the fourth time this year.
Tesla’s chief executive officer sold almost 22 million shares of the...
Tesla rolls first Semi truck off the floor — 5 years after unveiling
Tesla Inc. handed over the first of its electric Semi trucks Thursday, a milestone for the automaker more than five years after it unveiled the vehicle.
“If you want the most badass rig on the road, this is it,” chief...
Tesla redesigning Model 3 to bring down costs — Report
Electric vehicle (EV) manufacturer Tesla is redesigning the Model 3 to reduce manufacturing costs.
That is according to a report from Reuters, which said Tesla had codenamed the new variant of its cheapest car "Highland".
Musk offloads at least R70 billion in Tesla shares after Twitter buyout
Tesla Inc. Chief Executive Officer Elon Musk sold at least $3.95 billion (R70.02 billion) of the electric-vehicle maker’s shares just days after closing his buyout of Twitter Inc.
Musk unloaded 19.5 million shares...
Tesla hammering continues after Musk's Twitter takeover
Tesla Inc. erased all of its gains from the past 17 months as investors continue to sell off the stock in the wake of chief executive officer Elon Musk’s purchase of Twitter Inc.
The electric-vehicle maker’s shares closed down 5% to...
Tesla's Cyberquad for Kids recalled after adult gets a bruise
The company that builds Tesla's Cyberquad for Kids has issued a recall after the US Consumer Product Safety Commission (CPSC) found it failed to meet standard safety requirements for all-terrain vehicles (ATVs) for youths.
The...
Foxconn unveils two EVs that form part of plan to take on Tesla
Foxconn Technology Group took the wraps off two new electric vehicles on Tuesday, prototypes that embody the iPhone maker’s ambitions of carving out a slice of a market now dominated by Tesla Inc.
The company, whose main listed...
Tesla shares are now worth 50% less than at peak value
Tesla Inc. shares tumbled about 50% from their all-time high, amid a broader selloff in the US stock market that has hit growth and technology companies especially hard.
The electric vehicle maker’s shares closed down 7.6% to $204.99 on...
GM wants to compete with Tesla in solar and battery industry
General Motors Co. plans to compete with Tesla Inc.’s solar and Powerwall business by offering its own sun-generated power and storage system starting late next year.
A new business unit, called GM Energy, is working with SunPower...
Tesla's ugly week worst in more than two years
For all the stock market gyrations last week, one company’s performance stands out beyond all others: Tesla Inc.
Tesla’s stock has plunged 16% over the five sessions, marking its worst week since March 2020’s Covid-stricken market selloff...
Tesla shares take a dip after disappointing car shipments
Tesla Inc.’s shares dropped the most in four months after the carmaker blamed a disappointing deliveries report on shipment issues that increased the number of vehicles on their way to customers as the quarter ended.
The maker of Model...
Foschini Group buys 307 Tesla Powerwalls to fight load-shedding
Retail group TFG — which owns Foschini, Jet, @home, and a range of other well-known stores — has bought 307 Tesla Powerwalls to support its operations during load-shedding.
The company ordered the first batch of 227 Powerwalls in...
Tesla surprises as closest Apple rival on stock market
In a year that has seen high-flying technology stocks with lofty valuations battered, Tesla Inc. shares have emerged as an unlikely rival to Apple Inc.
Of the five biggest US companies by market value, Tesla’s shares are by far the most...
Tesla releasing remote software update to fix electric window issue
Elon Musk's Tesla will issue an over-the-air software patch to fix a problem where the automatic window winding system may not react correctly after running into an obstruction, Engadget reports.
As part of the process, the...
More people would buy Apple car than Tesla or BMW — and it does not even exist yet
If semiconductor shortages, recession risks and the once-a-century shift in propulsion weren’t enough to keep auto executives up at night, here’s one more sleep disruptor: Consumers are keen to buy an Apple car...
YouTube removes videos of Tesla drivers using kids as self-driving test obstacles
YouTube has pulled two videos showing Tesla drivers testing the electric vehicle's Full Self-Driving (FSD) system to determine whether it would bring the car to stop for children on the road, CNBC reported.
The...