Tesla Profit Plunges in Latest Quarter
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Tesla’s sales plunge over the last 18 months has been a stunning turn for a company that recorded only one quarterly year-over-year sales drop before 2024. And the company faces significant trouble ahead.
15hon MSN
Tesla sales are nosediving in California, and it's dragging the state's entire EV market down
Tesla's registrations in the West Coast state fell more than 20% in the second quarter compared with the previous year, according to new data.
Auto policies have been in flux during the second Trump administration. Tesla, and the rest of the industry, will lose the $7,500 purchase tax credit at the end of September. Just as important, changing emissions standards will lower Tesla’s zero-emissions credit sales,
Tesla started "initial production" of a long-awaited cheaper model widely seen as the cure to its sagging sales, the company said in its second-quarter earnings release on Wednesday. Tesla completed the "first builds" of that model in June, and said it expects to kick off mass production of the new car in the back half of 2025.
Tesla Inc. warned that provisions in President Donald Trump’s $3.4 trillion fiscal package will pose meaningful challenges for the EV maker in the next several months.
Tesla just flipped the switch on something wildly different. In the heart of West Hollywood, Elon Musk’s long-teased vision has finally come to life: a retro-futuristic diner where you can charge your EV,
The CEO is already eyeing expansion for his Tesla Diner dishing merchandise and food served by Optimus robots.