Stop us if you've heard this before: A plucky, California-based startup managed to leapfrog the titans of the automotive industry and claim the title of world's first luxury EV automaker. That Tesla leapfrogged a large portion of the industry and...
SAN FRANCISCO (AP) — Tesla posted a surprising profit of $143 million in its latest quarter, raising hopes the electric car pioneer may finally be turning the corner after posting mostly losses during its first decade as a publicly held...
Volkswagen Group CEO Herbert Diess was reported Thursday by Germany's Manager Magazin to have expressed an interest in acquiring a stake in Tesla. However, a spokesman for the automaker denied the report to CNBC, calling it "unfounded. " Diess has...
Tesla lost $408 million in its latest quarter as it struggles to prove it can make money selling electric cars at mass-market prices. The setback announced Wednesday had already been telegraphed by Tesla CEO Elon Musk. Still, it underscored Tesla's...
SAN FRANCISCO (AP) — A woman was arrested after running a red light in a rented Tesla in San Francisco and causing a crash that killed a tourist and left his wife critically injured, authorities said Monday. Officers were investigating...
Tesla delivered more electric cars in the second quarter than any three-month period in its history, alleviating concerns that demand is waning for its stylish vehicles as tax incentives in its main U. S. market begin to phase out. Despite...
Tesla CEO Elon Musk assured shareholders the electric car maker has recovered from a disappointing start this year and promised to counter media coverage that he believes has distorted perceptions about the unprofitable company's long-term prospects. "It has been a...
Shares of Tesla, suffering one of the worst stretches in company history, rebounded Thursday after CEO Elon Musk told employees that orders are up. The company's stock closed up 1. 4% to $195. 49 on a volatile day that started...
