Tesla’s shares took a hit on Thursday, slumping despite the automaker reporting a record quarter for global vehicle deliveries. The company delivered 497,099 vehicles worldwide in the most recent quarter, a 7.4% increase year-over-year, and a figure that significantly beat the Bloomberg consensus analyst estimate of ∼439,600. Read: Sony ULT Field 5 Review: ULTimately Based…
Tesla vehicles are parked outside of a dealership on July 24, 2025 in Austin, Texas. Brandon Bell | Getty Images Tesla reported quarterly vehicle deliveries of 497,099 for the period ended Sept. 30, which coincided with the expiration of a key tax credit for buyers of electric vehicles in the U.S. Here are the key…
Tesla’s board of directors has proposed what could be the largest CEO compensation package in history, a move designed to secure Elon Musk’s long-term focus on the company. The plan, which could make Musk the world’s first trillionaire, is tied to a series of performance metrics that appear ambitious, if not far-fetched. Read: Nintendo surprises…
Tesla is reportedly shutting down its Dojo supercomputer project and disbanding the team responsible for it, a significant reversal in its in-house chip development efforts. According to sources familiar with the matter, CEO Elon Musk has ordered the project’s closure, and its leader, Peter Bannon, is leaving the company. Read: Bandwidth Blog & Smile 90.4FM…
Tesla is proposing a new stock award of 96 million shares, valued at approximately $29 billion, to incentivize Elon Musk to remain as CEO. This new compensation package comes after a Delaware court voided Musk’s original 2018 pay deal, which was worth over $50 billion. The court ruled that the initial package was flawed and…
Adam Jonas, Morgan Stanley auto analyst. CNBC Noted Morgan Stanley auto research analyst Adam Jonas will be stepping into a new role at the firm. Save for a brief stint as a researcher at a European competitor, Jonas has been with Morgan Stanley (and predecessor firm Dean Witter) since graduating from college, eventually working his…
A jury in Miami has determined that Tesla should be held partly liable for a fatal 2019 Autopilot crash, and must compensate the family of the deceased and an injured survivor a portion of $329 million in damages. Tesla’s payout is based on $129 million in compensatory damages, and $200 million in punitive damages against the…
Patrick Pleul/Reuters Tesla CEO Elon Musk said on Wednesday that US government cuts in support for electric vehicle makers could lead to a “few rough quarters” for the company before a wave of revenue from self-driving software and services begins late next year. Shares fell nearly 5% after Musk responded on a quarterly results conference…
Tesla CEO Elon Musk attends the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025. Hamad I Mohammed | Reuters Tesla stock fell about 7% on Monday after CEO Elon Musk announced plans to form a new political party. The stock was on pace for its worst day since June 5, when it fell…
Tesla announced a 14 percent year-over-year (YoY) drop in vehicle deliveries for the April-June 2025 quarter, totalling 384,122 electric vehicles. This marks the second consecutive quarter of declining YoY sales for the company. Read: Honor unveils the world’s thinnest foldable, the Magic V5 While Tesla produced 410,244 vehicles in Q2 2025, a number very close…
