Still, during Tesla's fourth-quarter earnings call on the evening of January 29, he sent a characteristically blunt message to those who doubted him along the way. "Very few people understand the value of self-driving and [Tesla's] ability to monetize the fleet.

The Detroit carmaker is creating a domestic supply base to make EVs cheaper and profitable aided by Kurt Kelty, who landed Tesla’s top battery supplier in its early days.

The electric car company run by Elon Musk is facing increasing competition, but investors have focused mostly on the prospects for Tesla’s self-driving technology.

[UPDATE] Tesla and General Motors stand to bear the brunt of the elimination of the federal EV tax credit.

Electric vehicle pioneer Tesla (NASDAQ:TSLA) in Q4 CY2024 as sales rose 2.1% year on year to $25.71 billion. Its non-GAAP profit of $0.73 per share was 5.2% below analysts’ consensus estimates. Is now the time to buy Tesla?

Tesla investors will look for more details on the automaker's lower-priced model when it reports quarterly results on Wednesday.

Tesla stock opened down 0.7% at $395.19 ahead of earnings. Coming into this report, Tesla stock has fallen for five of the past six trading days, losing almost 7% over that span. The year-over-year gain is worth more than the market value of General Motors,

Tesla reported lower than expected profits Wednesday, citing declining vehicle prices as a factor as it projected a return to volume growth in 2025. "With the advancements in vehicle autonomy and the introduction of new products,

The robotaxi service Musk said will launch in June will likely be distinct from the purpose-built “Cybercab” vehicles that it touted at a splashy LA event in October. Tesla said at the time that it would aim to start manufacturing its Cybercab—which won’t have a steering wheel or pedals—sometime before 2027.

Tesla CEO Elon Musk has revealed the U.S. city where the automaker is planning to launch its first robotaxi service for paying passengers in June.

DETROIT – General Motors on Thursday revealed a new $80,000 performance version of its all-electric Cadillac Lyriq, as the Detroit automaker targets becoming the top-selling luxury EV brand this year in the U.S.