Tesla Inc

A BYD Seagull small electric car is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center (Shanghai)Vcg | Visual China Group | Getty ImagesLIVONIA, Mich. – A small electric vehicle is having a big impact on the global automotive industry.It's not the EV itself that's making waves but its price — and its potential to disrupt domestic auto industries around the world.The China-built BYD Seagull, a small all-electric hatchback, starts at just 69,800…

Sen. Elizabeth Warren, D-Mass., once again urged the U.S. Securities and Exchange Commission to investigate Tesla, CEO Elon Musk and the company's board of directors over what she called, "possible misappropriation of Tesla resources and conflicts of interest arising from Mr. Musk's dual role at Tesla and X— renamed from Twitter."Warren, who sits on both the Senate's banking and the armed services committees, had sent a similar request to the SEC last July, and a letter to Tesla's board chair Robyn Denholm expressing…

Tesla CEO, Elon Musk (L), and Nvidia CEO, Jensen Huang (R).ReutersIn November 2023, at an all-hands meeting with employees, Nvidia CEO Jensen Huang was asked whether the company would follow the lead of Apple and Disney and suspend its advertising on X due to rising levels of antisemitism and other hate speech on the platform.X owner Elon Musk said earlier that month that he agreed with a post on the site that accused "Jewish communities" of pushing "hatred against whites." Numerous brands — Disney and Apple among them —…

Workers assemble cars on the line at Tesla's factory in Fremont. David Butow (Photo by David Butow/Corbis via Getty Images)David Butow | Corbis News | Getty ImagesElectric vehicle maker Tesla has settled a racist discrimination lawsuit in which a federal jury previously awarded $3.2 million in damages to Owen Diaz, a Black man who worked as an elevator operator at its Fremont, California factory in 2015.Attorney Lawrence Organ, with the California Civil Rights Law Group, who represented Diaz told CNBC via e-mail: "The…

Norway has had massive success with EV adoption — 82% of new cars sold in the country in 2023 were electric, according to the Norwegian Road Federation. This high adoption rate can be attributed to the generous subsidies the Scandinavian country has offered to electric vehicle owners as well as its investment in charging infrastructure.Tesla's sales in the country may represent only a sliver of the 1.8 million vehicles the company delivered globally last year, but its importance to the EV maker goes beyond revenue.…

BYD electric cars waiting to be loaded onto a ship are seen stacked at the international container terminal of Taicang Port in Suzhou, in China's eastern Jiangsu province on February 8, 2024.STR | AFP | Getty ImagesIn the race against Tesla for the global electric car market, Chinese automaker BYD is pushing hard overseas despite rising barriers to the U.S. market.The Shenzhen-based company has already tested the waters in a number of countries with some immediate sales success, often just one year after entering. Given…

Foremost Group CEO Angela Chao was intoxicated last month when she accidentally drove her Tesla X SUV in reverse over a wall into a pond on the Texas ranch she owned with her husband, billionaire venture capitalist Jim Breyer, according to a police report released Wednesday.Chao drowned after friends and rescue workers tried without success to get the 50-year-old shipping executive out of the submerged vehicle.That desperate effort is detailed in the new report, which concluded she died from an "unfortunate accident."A…

General Motors Executive Vice President Global Manufacturing and Labor Relations Gerald Johnson (middle) watches as engineers and technicians set-up and test the machines that will be used to manufacture Level 1 face masks at a plant in Warren, Michigan.Photo by John F. Martin for General MotorsDETROIT – General Motors' long-time head of manufacturing is retiring, and the company has hired a former Tesla and Google executive to fill his shoes.The Detroit automaker said on Tuesday that Gerald Johnson, executive vice…

Although consumer demand for EVs hasn't shown up in the way executives had expected, sales of the vehicles are still predicted to increase in the years to come.Andrew Merry | Moment | Getty ImagesDETROIT — The buzz around electric vehicles is wearing off.For years, the automotive industry has been in a state of EV euphoria. Automakers trotted out optimistic sales forecasts for electric models and announced ambitious targets for EV growth. Wall Street boosted valuations for legacy automakers and startup entrants alike,…

Commerce Minister Piyush Goyal On Tesla Entering Indian Market: 'Won't Tailor Laws'. (Photo: Bleeping Computer)Tesla seeks a tariff waiver, aiming to deduct 70% customs charge on less than $40,000 (Rs 33,07,176) vehicles and 100% on pricier ones.Commerce and Industry Minister Piyush Goyal stated that India will not modify its policies to accommodate US electric car manufacturer Tesla.Instead, its laws and tariff regulations will be designed to entice global manufacturers of all-electric vehicles to establish a base in the…