The world’s second largest carmaker slashed its 2025 guidance for revenue, margins, and cash citing Q2 headwinds from U.S. tariffs of roughly $1.4 billion.
The Tesla CEO hosted an earnings call once more long on promises and short on specifics, especially regarding his month-old robotaxi service that has logged only 7,000 driverless miles.
Tesla owner Alexander Kristensen has is mounting an unofficial campaign to bring Tesla's supervised self-driving technology to the streets of Stockholm, arguing it's a greater safety risk not to trial the feature.
Facing its biggest crisis in decades, the export-reliant carmaker already plans to eliminate more than a tenth of its nearly 37,000-strong German staff.
VW Group China boss Ralf Brandstätter says he's willing to sacrifice market share during the price war to protect the equity of his company's car brands.
The news comes as Musk's SpaceX company reportedly contributed $2 billion to last months's $10 billion xAI fundraising consisting of equal parts equity and debt.
Without a means of enforcing bilateral trade agreements, Trump could simply change the terms of any deal down the road. The answer is to kick the U.S. out of the World Trade Organization, argues professor Kristen Hopewell.
Tesla's AGM will occur four months later than required—not good enough, says Charles Elson: "The law has to be equally and neutrally applied. There aren’t special exceptions."
The xAI founder said the very notion humans actually once managed an economy will seem very quaint in the future, like “cavemen throwing sticks into a fire.”
When the Wedbush tech analyst lobbied Tesla's board to form a special board oversight committee, the CEO's response was as immediate as it was dismissive.
Carmakers may begin reducing production volumes now in order not to be stuck with excess inventory after September, so buyers only have weeks left to purchase their favorite model on the cheap.
Tesla sales through June fell 13% to some 720,000 vehicles—but volumes for BYD of China soared 41% to crack the 1 million vehicle mark already halfway through the year.
Calling on former governor Andrew Cuomo to drop out, the billionaire hedge fund manager endorsed the incumbent NYC mayor as the only credible alternative to Zohran Mamdani.
Tesla may have to revise its full-year guidance lower after failing to meet repeated promises it would launch at least one new lower cost model in the first half.