Latest Elon Musk News
Tesla 1Q profit falls 55%, but stock jumps as company moves to speed production of cheaper vehicles
Tesla’s first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate production of new, more affordable vehicles. The Austin, Texas, company said it made $1.13 billion from January through March compared...
Stock market today: Asian stocks track Wall Street gains ahead of earnings reports
HONG KONG (AP) — Asian benchmarks extended gains Tuesday after U.S. stocks clawed back a chunk of their losses from last week, which was the worst for the S&P 500 in more than a year, while the yen weakened further to fresh 34-year lows. U.S. futures were mixed and oil prices...
Elon Musk accuses Australia of censorship after court bans violent video
MELBOURNE, Australia (AP) — Tech billionaire Elon Musk accused Australia of censorship after an Australian judge ruled that his social media platform X must block users worldwide from accessing video of a bishop being stabbed in a Sydney church. Prime Minister Anthony Albanese...
Australian judge bans X from sharing video of bishop being stabbed in Sydney church
MELBOURNE, Australia (AP) — An Australian judge on Monday ruled that social media platform X must block every user in the world from accessing video of a bishop being stabbed in a Sydney church, extending the prohibition beyond users in Australia. X Corp., the tech company...
Tesla cuts the price of its "Full Self Driving" system by a third to $8,000
NEW YORK (AP) — Tesla knocked roughly a third off the price of its “Full Self Driving” system — which can’t drive itself and so drivers must remain alert and be ready to intervene — to $8,000 from $12,000, according to the company website. Tesla CEO and billionaire Elon...
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
RIO DE JANEIRO (AP) — Conservative Brazilians heaped praise Sunday on Elon Musk at a rally in support of far-right former President Jair Bolsonaro, whose legal troubles are mounting in tandem with the billionaire entrepreneur's feud with the South American nation's Supreme Court. ...
Tesla cuts US prices for 3 of its electric vehicle models after a difficult week
Tesla knocked $2,000 off the prices of three of its five models in the United States late Friday, another sign of the challenges facing the electric vehicle maker led by billionaire Elon Musk. The company cut the prices of the Model Y, a small SUV which is Tesla's most popular model...
Tesla recalling nearly 4,000 Cybertrucks because accelerator pedal can get stuck
Tesla is recalling 3,878 of its 2024 Cybertrucks after it discovered that the accelerator pedal can become stuck, potentially causing the vehicle to accelerate unintentionally and increase the risk of a crash. The accelerator pedal pad may dislodge and become trapped by the interior...
Tesla shares tumble below $150 per share, giving up all gains made over the past year
Tesla's stock tumbled below $150 per share, giving up all of the gains made over the past year as the electric vehicle maker reels from falling sales and steep discounts intended to lure more buyers. Shares in the Elon Musk-owned company slid nearly 4% in intraday trading Thursday,...
Tesla asks shareholders to restore $56B Elon Musk pay package that was voided by Delaware judge
DETROIT (AP) — Tesla is asking shareholders to restore a $56 billion pay package for CEO Elon Musk that was rejected by a Delaware judge this year, and to shift the company's corporate home to Texas. The changes, to be voted on by stockholders at a June 13 annual meeting, could be...
