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Tesla sales have struggled everywhere, as more buyers appear to be turned off by Musk’s politics as well as Tesla’s high prices and limited selection of models.
Samsung Electronics Co. will produce AI semiconductors for Tesla Inc. in a new $16.5 billion pact that marks a win for its underperforming foundry division.
A pared-down Model Y might do little to lift Tesla sales. To really get people excited about the brand again, Tesla needs “actual new vehicle models,” one analyst said.
Tesla's shares declined 1.74% for week, two days after posting lower profits for a third straight quarter amid increased competition and loss of tax credits.
Tesla shares fell more than 8% Thursday after the electric vehicle maker reported weaker-than-expected second-quarter results and CEO Elon Musk warned of potentially "a few rough quarters" ahead. The ...
Musk glided past Tesla’s falling sales and loss of profits from car sales and EV credits on a call with Wall Street Wednesday evening as he described Tesla as a company in transition.
And in Europe, Tesla's new car registrations declined last month, according to data released Thursday from the European Automobile Manufacturers Association.
New car sales in Europe fell more than 5% in June, the European Automobile Manufacturers Association (ACEA) said on Thursday, in a reflection of the global challenges faced by automakers.
A series of high-profile executive exits, including a longtime Musk confidant who oversaw sales and manufacturing in North America and Europe, is also adding to the concerns.
STMicroelectronics forecast another quarter of lower sales as demand for semiconductors in cars and electric vehicles struggles to pick up, a setback for the Tesla and Apple supplier as it seeks ...
Elon Musk's Tesla lost market share in Europe for the sixth straight month in June, according to according to the European Automobile Manufacturers Association.