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Tag: Tesla

Grieving widow sues Tesla over defective car model
Tech

Tesla dethroned as world’s best-selling EV maker

Tesla has been dethroned as the world’s top-selling electric vehicle maker. The US automaker endured a challenging year, marked by concerns over CEO Elon Musk’s political engagements and intensifying competition abroad, which drove sales lower for a second consecutive year. Tesla said it delivered 1.64 million vehicles in 2025, down 9 per cent from the […]

Tesla slashes prices of cars in China, Germany, Africa
Tech

Tesla launches affordable Model 3 variant across European markets

The new Model 3 Standard is priced at 37,970 euros ($44,300) in Germany, 330,056 Norwegian kroner ($32,698) in Norway, and 449,990 Swedish kronor ($47,820) in Sweden, according to Tesla’s website. Tesla introduced a more affordable version of its Model 3 in Europe on Friday, months after its debut in the United States, according to the […]

Tesla’s profits crash as sales slump, trade tensions loom
Tech

Tesla confirms AI5 chip almost ready, AI6 underway

Tesla says it is nearing completion of its next-generation AI chip, AI5, and has already begun work on its successor, AI6, as CEO Elon Musk reiterated the goal of rolling out a new chip design into mass production every year. The company confirmed that Samsung and TSMC will both fabricate the chips, a dual-sourcing strategy […]

Elon Musk announces upcoming release of AI chatbot Grok 3
Tech

Tesla shareholders approve Elon Musk’s $1tn pay package

Tesla shareholders have approved CEO Elon Musk’s nearly $1 trillion pay package, with about 75 per cent voting in favour. The company’s board had urged investors to back the plan, first introduced in September, though top proxy advisors Glass Lewis and ISS advised against it. The results were announced Thursday during Tesla’s annual shareholders meeting […]

Business

Tesla sales surges as buyers rush to secure tax credits

Tesla’s third-quarter deliveries beat expectations on Thursday, driven by a surge in United States EV buyers rushing to secure tax credits before they expired at the end of September. The Elon Musk led company had repeatedly highlighted the deadline, pairing it with discounts and financing offers to accelerate sales and leases of its vehicles. However, […]

Grieving widow sues Tesla over defective car model
Tech

Tesla stock jumps as Musk makes $1bn share purchase

Elon Musk has responded to Tesla Inc.’s record pay proposal by purchasing about $1 billion worth of shares, a move that lifted the stock in premarket trading. According to a regulatory filing released Monday, the billionaire acquired the shares indirectly through a revocable trust on Sept. 12. The purchases came as Tesla Chair Robyn Denholm […]

US court revives lawsuit against Elon Musk over child porn content
Business

Tesla proposes record $1trn pay package for Musk

Tesla’s board has proposed a $1 trillion compensation plan for CEO Elon Musk in what would be the largest corporate pay package in history, underscoring the hold Musk has over the carmaker as it attempts to transform into an AI and robotics powerhouse. The world’s richest person has consistently asked for a bigger stake in […]

Tesla sets up shop in Morocco for African expansion
Tech

Tesla under probe for delayed crash reports

Tesla Inc. is under investigation by the United States National Highway Traffic Safety Administration after the agency found the automaker failed to report crashes as required. Documents posted on NHTSA’s website on Thursday show that the agency’s Office of Defects Investigation identified multiple Tesla crash reports submitted months after the incidents occurred. NHTSA said the […]

Tesla’s profits crash as sales slump, trade tensions loom
Business

US court orders Tesla to pay $329m over autopilot death

A United States jury has ruled that Tesla Inc. is partially liable for a fatal 2019 crash involving its Enhanced Autopilot system, ordering the electric vehicle manufacturer to pay $329 million in damages to the family of the deceased and an injured survivor. The verdict, delivered in the Southern District of Florida, marks a significant […]

Tesla to launch human-driven ride service
News

Tesla to launch human-driven ride service

Tesla is set to roll out a human-driven chauffeur-style ride service in the San Francisco Bay Area, not a robotaxi service, a California state regulator clarified Friday, pushing back on earlier media reports. According to a spokesperson from the California Public Utilities Commission, the electric vehicle company lacks the necessary permits to operate autonomous vehicles […]

Grieving widow sues Tesla over defective car model
Tech

Tesla struggles in Europe as cheaper Chinese EVs gain ground

Tesla’s new car sales in Europe declined for the fifth consecutive month in May, as more consumers opted for lower-cost Chinese electric vehicles, according to data from the European Automobile Manufacturers Association. The report, released Wednesday, showed Tesla delivered 13,863 vehicles across the EU, the UK, and the European Free Trade Association—marking a 27.9% drop […]

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