Business
Tesla is no longer No. 1: This is how a Chinese competitor surged past the EV pioneer
Tesla, the 23-year-old company that brought green cars into the mainstream, has been pushed off its perch as the world’s top electric…
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Tesla
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BYD extends German car sales lead over Tesla with 1,000% surge
Chinese-owned brands MG, Leapmotor and Xpeng have for months expanded in Europe amid a bruising EV price war at home ’s German sales…
Business
Tesla introduces new Model Y variant in US priced at US$41,990
TRIC-VEHICLE maker Tesla introduced a new variant of its Model Y vehicle in the United States priced at US$41,990, the company’s website…
Business
Tesla revenue beats estimates despite weaker vehicle deliveries
The company’s vehicle business has been under strain as rivals roll out newer models, often at lower prices Tesla beat Wall Street…
Business
Tesla reveals plans for US$2 billion investment in Musk’s xAI
Tesla revealed plans to invest US$2 billion into chief executive officer Elon Musk’s artificial intelligence (AI) company, xAI, while…
Business
BYD outsells Tesla in Europe’s two biggest EV markets
The Chinese automaker expands overseas as growth slows at home amid a crackdown on discounting BYD outsold Tesla in Europe’s two largest…
Business
Tesla UK car sales slump 29% in December as competition heats up: data
TESLA’S UK car registrations dropped by more than 29 per cent year-on-year in December, industry data showed on Tuesday, underscoring the…
Business
Tesla dethroned as the world's top EV maker
Elon Musk’s Tesla is no longer the top electric vehicle seller in the world as demand at home has cooled while competition heated up…
Business
China's BYD poised to overtake Tesla in 2025 EV sales
Growing Chinese auto giant BYD stands poised to officially surpass Tesla as the world’s biggest electric vehicle (EV) company in annual…
Business
Tesla having a very bad year in the EU
SALES of cars made by Tesla, the company run by Elon Musk, have slumped nearly 40 per cent in the European Union this year, data from the…
Business
Musk wins US court appeal of US$56 billion Tesla pay package
A DELEWARE appeals court cleared the way Friday for tech CEO Elon Musk to receive a long-contested US$56 billion Tesla pay package,…
Business
Tesla eyes battery-cell production in Germany from 2027: report
TThe company’s European sales have slumped due to an ageing lineup and blowback over Musk’s politics Tesla plans to launch battery-cell…
Business
BMW names veteran Nedeljkovic as CEO to tackle China, Tesla
BMW named 30-year company veteran Milan Nedeljkovic as its next CEO on Tuesday (Dec 9) to replace long-time chief Oliver Zipse, as the…
Business
Outspoken short seller Michael Burry shorts Tesla over valuation and Musk pay plan, Fortune says
Michael Burry has bet against the shares of Tesla, saying they are “ridiculously overvalued” and warning that founder Elon Musk’s proposed…
Business
Forget Musk’s latest pay package, his last one could wipe out years of Tesla profits
Tesla faces potential US$26 billion profit hit if it loses its appeal over Musk’s pay ruling Tesla’s gaudy US$1 trillion…
Business
Xiaomi rides fan base to EV profitability faster than Tesla
China’s mature EV supply chain helps Xiaomi to reach scale without needing heavy capital Xiaomi parlayed its popularity with an existing…
Business
Tesla shareholders approve US$878 billion pay plan for Elon Musk
Tesla CEO Elon Musk scored a resounding victory on Thursday as shareholders approved a pay package of as much as US$878 billion over the…
Business
Norway wealth fund to vote against Musk US$1 trillion Tesla pay package
Investors in the electric-vehicle maker will decide on Nov 6 whether to approve the package Norway’s sovereign wealth fund, the world’s…
Business
Samsung SDI in talks with Tesla to supply energy storage batteries in deal worth over 3 trillion won
South Korea’s Samsung SDI said on Tuesday it is in talks to supply energy storage batteries to Tesla, in an order that Korean media said…
Business
Tesla offers S$5,000 incentive to drive EV adoption in Singapore, launches two new Supercharging stations
The new sites, with four Superchargers each, are at Resorts World Sentosa and Changi City Point Tesla has announced new commercial…
Business
US: Wall Street opens flat as Tesla, IBM results underwhelm
Wall Street opened flat on Thursday (Oct 23) as lacklustre earnings from Tesla and IBM dampened investor mood, while brewing trade…
Business
Musk hijacks Tesla earnings call to pitch US$1 trillion pay plan
[AUSTIN, Texas] Elon Musk, the world’s richest person, spent the end of Tesla’s earnings call pleading with investors to ratify his…
Business
Tesla earnings miss despite record third-quarter sales surge
Investors have largely bought into Musk’s vision, driving the shares up 8.7% so far this year Tesla’s profit plunged more than expected as…
Business
Tesla debuts ‘affordable’ Model Y and 3 that strike some as too expensive
Musk has been pivoting the company towards artificial intelligence, focusing on robotaxis and humanoid robots, but the new cars are key to…