To The Moon

By Chris Kirkham Nov 5 - When Reuters reported in April that Tesla had scrapped plans for a long-promised, next-generation $25,000 electric vehicle, the automaker’s stock plunged. Chief Executive Elon Musk rushed to respond on X, his social-media network. “Reuters is lying,” he posted, without elaborating. Tesla’s stock recovered some of its losses. Six months later, Musk appears to have backed into an admission that Tesla dropped its plans for a human-driven $25,000 car. He said in an Oct. 23 earnings call that building the affordable EV would be "pointless” unless the car was fully autonomous. His latest remarks came in response to an investor asking: “When can we expect Tesla to give us the $25,000 non-robotaxi regular car model?”

Tesla’s (NASDAQ:TSLA) shareholders on Thursday voted to restore Chief Executive Elon Musk's 10-year pay plan, valued at $44.9 billion by the electric-vehicle maker in April. The record-setting sum dw

Tesla shareholders' backing of Elon Musk's multibillion-dollar compensation package helps clarify his immediate future atop the world's most valuable automaker. Now the electric-car company has to figure out how to pay him.Musk and Tesla face legal opposition to the stock-option deal that was passed in 2018, now valued at roughly $48 billion. The latest vote is also being challenged in court.The company's board has argued that shareholder support for the plan would resolve concerns raised by the judge who rescinded the original plan, potentially leading the court to reverse its decision. Legal experts say the vote won't automatically change the judge's mind.For his part, Musk is enjoying the backing shown by Tesla shareholders and is trying to allay fears that he would turn his attention to his other companies -- a concern among some shareholders should Musk have lost the vote."I just want to start off by saying, 'Hot damn, I love you guys,'" Musk said at the start of his remarks at Te

Electric vehicle sales are recovering in China. That's some good news for automotive investors starting a new month. Hybrids, however, are still outpacing all-electric vehicle sales. That can make the coming months tougher on all-electric EV giant Tesla.On Sunday, Chinese EV leader BYD reported sales numbers for May. The company delivered 330,488 passenger vehicles, including 146,395 battery electric vehicles, or BEVs, and 184,093 plug-in hybrid vehicles, or PHEVs.Total vehicle deliveries grew 6% from April and 38% from a year ago. BEV sales grew 8% compared with April and 22% from a year ago. PHEV sales grew 4% compared with April and 54% from a year ago.The BEV slowdown has weighed on shares of most EV producers. Through Friday trading, Tesla shares were down about 28% year to date, trailing the S&P 500 by about 39 percentage points. NIO stock fell about 41% year to date. Rivian Automotive shares were down about 53% year to date. BYD shares were up about 2%, behind the market, but he

The EV charging industry faces a make-or-break moment.Tesla rattled the U.S. charging industry in late April with deep cuts to the team that created the country's most successful charging network. Since then, comments by Chief Executive Elon Musk have left other charging companies scratching their heads about Tesla's plans.Immediately after the layoffs, Musk tweeted that Tesla would build Superchargers, the web of fast chargers that enable cross-country road trips, at a slower pace for new locations. Then on Friday he took to his social-media site, X, to say: "Tesla will spend well over $500M expanding our Supercharger network to create thousands of NEW chargers this year.". Any shift in Tesla's rapid building pace opens up a massive opportunity, though there is no obvious No. 2 in the race to build a U.S. highway network.Tesla has more than 25,500 Superchargers in the U.S., part of a global network of more than 50,000 fast chargers, according to government data and the company. Tesla

Tesla stock was dropping early on Thursday after a farewell message from the company’s head of product launches suggested that severe job cuts are beginning to take a toll on the electric-vehicle make

Tesla is stepping up promotion of its driver-assistance technology, called "Full-Self Driving Capability," seeking to expand use of the revenue-generating software feature as it confronts the prospect of lower growth in vehicle deliveries this year.Elon Musk, Tesla's chief executive, told employees this week in an internal email that customers must receive a test drive using the technology before they receive a car.The system is an advanced version of the company's Autopilot technology, which is available on all new Teslas and is designed to help with driving tasks like steering and lane changes. Full Self-Driving, an upgrade available for $12,000 up front or $199 a month as a subscription service, includes features that can navigate cars through city streets."I know this will slow down the delivery process, but it is nonetheless a hard requirement," Musk said in the employee email, which was reviewed by The Wall Street Journal.U.S. drivers whose vehicles are capable of running FSD wil

The EV transition is not going as smoothly as expected, with challenges in expanding beyond early adopters.Ford's focus on its legacy business and hybrids has positioned it for success as the EV trend loses momentum.Ford's commitment to profitability, cash returns, and dividends makes it an attractive option for investors in the evolving automotive market. Justin Sullivan/Getty Images NewsIntroduction It's time to talk about EVs!

Between promoting plans to fight Mark Zuckerberg and his in-office workout regimen for the bout that may not actually happen, Elon Musk has been hyping Cybertruck, Tesla Inc.’s Blade Runner-inspired p

Tesla remains the global champion, and in the American market is followed by Jeep and Cadillac in BearingPoint’s latest new car online sales assessment in Europe, the USA, and China. The New Car Online Sales 2023 study shows that over 70% of automotive OEMs now offer a seamless online car sales experience.Management and technology consultancy BearingPoint’s latest study on the state of new car online sales shows that the transformation of online car sales has been profound compared to its initial study from 2021, with more than 70% of all assessed brands now allowing customers to complete the sales process online. The New Car Online Sales 2023 study assesses the current online sales performances of major original equipment manufacturers , identifying where they need to improve and how to differentiate themselves.On a global level, Tesla, Mercedes-Benz, BMW, Polestar, and Land Rover are the only brands that reached a maturity score of over 35 points in one or more markets. However, Bear