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…
Elon Musk speaks with U.S. President-elect Donald Trump as they watch the launch of the sixth test flight of the SpaceX Starship rocket on November 19, 2024 in Brownsville, Texas. Brandon Bell | Getty Images News | Getty Images Shares of Tesla were under pressure on Tuesday after President Donald Trump said in a late-night…
A Tesla logo outside the company’s Tilburg Factory and Delivery Center. Karol Serewis | Getty Images Tesla CEO Elon Musk said the automaker completed its first driverless delivery of a new car to a customer, routing a Model Y SUV from the company’s Austin, Texas, Gigafactory to an apartment building in the area on June…
Xiaomi founder and CEO Lei Jun introduces the Chinese smartphone maker’s electric SUV YU7 at a launch event in Beijing in May. Florence Lo/Reuters Exceptionally strong initial orders for Xiaomi’s YU7 electric sport utility vehicle sent shares in the automotive newcomer to a record high on Friday and fanned speculation that Tesla may have to…
