Tesla CEO Elon Musk Win McNamee/Getty Images Tesla shares extended early losses to as much as 5% on Thursday after reports of a China sales drop. The Information reported Tesla sales in China fell to roughly 9,800 in May, down from more than 18,000 in April. China sales accounted for 29% of Tesla’s global sales… Continue reading Tesla stock drops 5% on report saying China orders halved in May (TSLA)
Author: Business Insider
Tesla’s global market share fell to its lowest level in over 2 years as electric car competition heats up
Tesla’s market share of the global electric-car market fell to 11% in April. The electric-car company’s lead in the US is also narrowing, as Ford and GM build their own EVs. Tesla’s stock fell to its lowest level in three weeks following the news. See more stories on Insider’s business page. Tesla’s grip on the… Continue reading Tesla’s global market share fell to its lowest level in over 2 years as electric car competition heats up
Owners of Teslas and other EVs are getting hundreds of new fast-charging stations at 7-Eleven stores across North America
Electric vehicle drivers will soon have a few hundred new places to top up their batteries. 7-Eleven plans to install 500 fast-charge ports at select convenience stores before 2023. The company says the ports will give it “the largest and most compatible” system of any US retailer. See more stories on Insider’s business page. Driving… Continue reading Owners of Teslas and other EVs are getting hundreds of new fast-charging stations at 7-Eleven stores across North America
Tesla recalls nearly 8,000 Model 3 and Model Y vehicles over faulty seat belts (TSLA)
Tesla is issuing two recalls that cover nearly 8,000 vehicles with potentially faulty seat belts. One recall covers vehicles with front seat belts that may be improperly secured to the body. This week, Tesla said it’s recalling nearly 6,000 cars with potentially loose brake caliper bolts. See more stories on Insider’s business page. Tesla is… Continue reading Tesla recalls nearly 8,000 Model 3 and Model Y vehicles over faulty seat belts (TSLA)
50 founders and VCs dish on what it’s like to work with Jason Calacanis, Silicon Valley’s polarizing, Howard Stern-inspired angel investor
Ashley Welch and her cofounder were finally in the room for the big break they’d been working towards: a chance to pitch their tech startup to a prominent venture-capital investor. Though she was confident in her vision for the company, Welch was frustrated by her business partner’s habit of talking over her. Suddenly, the investor… Continue reading 50 founders and VCs dish on what it’s like to work with Jason Calacanis, Silicon Valley’s polarizing, Howard Stern-inspired angel investor
Tesla is one step closer to opening a 1950s-style diner at its Los Angeles supercharger station
Tesla filed with the US trademark office last week to use its brand assets in “restaurant services.” Elon Musk tweeted the idea in 2018, and Tesla applied for permits, but little has happened since. The company says its superchargers can add 200 miles of range in just 15 minutes. See more stories on Insider’s business… Continue reading Tesla is one step closer to opening a 1950s-style diner at its Los Angeles supercharger station
Tesla CEO Elon Musk says the auto chip shortage is like the toilet paper frenzy last year, only worse (TSLA)
Tesla CEO Elon Musk compared the chip shortage to the toilet paper buying frenzy in 2020. He said the supply snags have caused companies to “overorder” semiconductor chips. Tesla is reportedly in talks to stock up on the chips by buying in bulk ahead of time. See more stories on Insider’s business page. Tesla CEO… Continue reading Tesla CEO Elon Musk says the auto chip shortage is like the toilet paper frenzy last year, only worse (TSLA)
An EV company is planning a crypto-mining car that will dig for bitcoin and dogecoin while parked
Bitcoin mining is highly energy intensive. Jakub Porzycki/NurPhoto via Getty Images Canadian electric-vehicle maker Daymak is planning a car that will mine bitcoin while charging. It is intended to launch in 2023, and Daymak is accepting pre-order payments in cryptocurrencies. Critics have slammed bitcoin mining, however, as very energy intensive and bad for the environment.… Continue reading An EV company is planning a crypto-mining car that will dig for bitcoin and dogecoin while parked
Tesla has recalled nearly 6,000 Model 3 and Model Y vehicles over potentially loose brake caliper bolts
Nearly 6,000 Tesla Model 3 and Model Ys have been recalled because of potentially loose bolts, filings showed. Loose brake caliper bolts could cause a loss of tire pressure, Tesla said in the filing. Tesla said it would inspect, tighten, or replace the bolts as necessary. See more stories on Insider’s business page. Tesla has… Continue reading Tesla has recalled nearly 6,000 Model 3 and Model Y vehicles over potentially loose brake caliper bolts
The SEC told Tesla twice that Elon Musk’s tweets violated court orders requiring preapproval from company lawyers (TSLA)
The SEC told Tesla that Elon Musk twice violated court orders regarding his Twitter use, The Wall Street Journal reported. A 2018 settlement between Musk, Tesla, and the SEC required Tesla lawyers to preapprove tweets by Musk about the business. Musk’s tweets about Tesls’s solar roof production and stock price violated that order, the SEC reportedly… Continue reading The SEC told Tesla twice that Elon Musk’s tweets violated court orders requiring preapproval from company lawyers (TSLA)