In Q2, we achieved record quarterly revenues despite a difficult operating environment. The Energy Storage business continues to grow rapidly, setting a record in Q2 with 9.4 GWh of deployments, resulting in record revenues and gross profits for the overall segment.
As Tesla goes, so goes the U.S. electric vehicle market.
Tesla's new registrations fell 25 percent in February compared with the year-earlier month, dragging the broader battery-electric segment into the red, S&P Global Mobility said. The EV data doesn't include used vehicles or hybrids.
The last time Tesla's U.S. vehicle registrations suffered a monthly decline was in August 2020 with a 2 percent drop, S&P Global Mobility said. That was also the last time new EV registrations as a whole fell in the U.S., with a 6 percent decline, the data showed.
Tesla Inc is recalling nearly 200,000 Model S, X, and Y vehicles in the U.S. due to a software malfunction that could obstruct drivers' visibility while reversing, the National Highway Traffic Safety Administrationssaid on Friday.
The development comes less than two months after the company recalled nearly all its vehicles in the U.S. to install new safeguards in its Autopilot advanced driver-assistance system.
The rearview malfunction, caused by software instability, might decrease the driver's visibility and increase the risk of a crash, the regulator said.
Tesla Inc. had a blockbuster 2023, as its shares more than doubled in 12 months. But 2024 is starting on a different note, with Elon Musk electric vehicle maker off to its worst start to any year.
The company has lost more than $94 billion in market valuation in just the first two weeks of 2024. It's not hard to figure out why, as the Austin, Texas-based EV maker has been pounded by a barrage of negative news: an about-face on EVs from the car rental giant Hertz Global Holdings Inc., yet another price cut for its cars made in China, and signs of rising labor costs.
The Dutch vehicle authority RDW said it does not currently plan a Tesla recall in Europe following a major U.S. call back because of concerns about the EV maker's Autopilot driver assistance systems.
The RDW cited differences between Autopilot functions that are available on the European and U.S. markets and said it has been in touch with Tesla.
Among European vehicle authorities, the Netherlands' RDW issues the type, or general approval, for Tesla cars. Its approval applies to other EU markets.
Following a successful six-week strike against Ford, General Motors (GM) and Stellantis, the United Auto Workers (UAW) union has announced a campaign to organize 13 non-unionized automakers in the U.S. — including Tesla.
Tesla is closing in on a new manufacturing process that could significantly reduce costs and increase production of its electric vehicles. According to sources who spoke to Reuters, the new process will enable the automaker to die-cast almost the entire vehicle underbody as a single piece instead of building out about 400 parts using conventional car-building techniques.