Tesla has lowered the prices of some of its most popular electric cars, including the entry-level Model 3 and the Model Y, by thousands of dollars in the US and Europe in an effort to boost customer demand. The company is facing a difficult global economic outlook and increased competition from other car manufacturers, which …
Tesla Cuts Prices of Popular Electric Cars to Boost Demand Read More »
Tesla CEO Elon Musk has sold 19.5 million shares in the electric car maker worth $3.95 billion (£3.4 billion) in a filing with the US Financial Services Authority. The news comes less than two weeks after the world’s richest man bought Twitter for $44 billion.Tesla stock is down more than 50% since the beginning of …
Elon Musk is selling nearly $ 4 billion worth of Tesla stocks Read More »
The tech giant is spending up to $170m (£147.8m) in shares in loss-making start-up Lordstown Motors. The big cash injection comes as the company intends to ramp up production of its first model, the Endurance. Lordstown recently began building the vehicle at a former General Motors plant in Ohio. Under terms of the deal, the …
Foxconn: iPhone maker bets on electric truck company Lordstown Motors Read More »
Elon Musk’s electric carmaker says the vehicle’s power steering assist system can fail on rough roads or after hitting a pothole. The National Highway Traffic Safety Administration said this could require greater steering effort, especially at low speeds, increasing the risk of crashes. Tesla released a software update to recalibrate the system. There are no …