An internal memo indicates that Tesla is planning to cut 10% of its global workforce following a slowdown in electric vehicle sales.

Tesla to lay off thousands of employees worldwide after Q1 sales disappoint

CBT News Staff Writer - April 15, 2024

Tesla plans to lay off more than 10% of its employees worldwide, according to an internal memo leaked earlier today. In the document, Tesla CEO Elon Musk wrote, "As we prepare...

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Tesla faces EV competition amidst calls for a European alliance against Chinese dominance

Jaelyn Campbell - April 3, 2024

The competition in the electric vehicle (EV) market is on the rise. As Tesla is set to announce its first-quarter delivery data, there are growing concerns about competition from Chinese...

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The Austin-based EV maker, Tesla, has reached a settlement to resolve a case alleging racial discrimination.

Tesla settles racial discrimination lawsuit for millions

Jaelyn Campbell - March 18, 2024

Austin-based EV maker Tesla has reached a settlement to resolve a case involving racial discrimination. In 2015, a federal jury awarded Owen Diaz, a black elevator operator at the Fremont, California plant,...

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Software firm Arm says it has designed a new computer chip that will help self-driving car makers improve safety and accelerate development.

Arm looks to accelerate self-driving car development with new computer chip

CBT News Staff Writer - March 14, 2024

Software company Arm has unveiled a new computer chip design tailored for self-driving cars that it says will help the automotive industry accelerate the transition to safer, technologically advanced vehicles. Arm...

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The IIHS declared that there is no evidence that Autopilot or other assisted-driving systems improve real-world safety based on crash data.

Tesla Autopilot, 9 other assisted-driving systems receive “poor” rating from IIHS

Jaelyn Campbell - March 12, 2024

The U.S. Insurance Institute for Highway Safety published a report on March 12 that gave Tesla's Autopilot and Full Self-Driving technology, along with nine other assisted-driving systems used by major...

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Tesla adjusted the pricing for specific Model Y variants in the U.S., marking a $1,000 increase for the long-range and rear-wheel drive models

Tesla hikes Model Y prices amid market shifts

Jaelyn Campbell - March 1, 2024

On March 1, Tesla adjusted the pricing for specific Model Y variants in the U.S., marking a $1,000 increase for the long-range and rear-wheel drive versions, now priced at $48,990...

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Auto industry news: Apple car project ends, EVs rise, new charging solutions, and the launch of innovative electric supercars.

Weekly roundup: Apple Car shelved, hybrids gain traction, new EV superchargers and supercars

CBT News - March 1, 2024

Earlier this week: Apple's car project was shelved due to various challenges, leaving the fate of 2,000 jobs in limbo. Consumer Reports' latest vehicle ratings favor electrification, with hybrids and...

Daily Automotive News Articles

I’m Steve Greenfield from Automotive Ventures, and I’m glad that you could join us.It’s been a tough quarter for many of the legacy automakers. highways emissions

How Tesla is banking billions in regulatory emissions credits

Steve Greenfield - February 16, 2024

Welcome back to the latest episode of The Future of Automotive on CBT News, where we put recent automotive and mobility news into the context of the broader themes impacting...

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Rivian, the electric truck and SUV manufacturer has cut $3,100 off the base models in anticipation of the release of its more affordable R2.

Rivian shaves off over $3,000 for R1T and R1S base models

Jaelyn Campbell - February 12, 2024

As demand for EVs declines in the face of a faltering economy, automakers have slashed their costs for EVs during the past year. Before companies like Ford and Lucid followed...

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Karl Brauer joins Inside Automotive to share his insights into the difficulties facing Tesla after its earnings disappointed investors.

Are the tables turning on Tesla? — Karl Brauer | iSeeCars.com

CBT News Staff Writer - February 9, 2024

Tesla broke sales records in 2023 but struggled to maintain profits as a series of aggressive price cuts failed to spur adequate demand. With the company's fourth-quarter earnings dropping 40%...

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Tesla to lay off thousands of employees worldwide after Q1 sales disappoint

Tesla faces EV competition amidst calls for a European alliance against Chinese dominance

Tesla settles racial discrimination lawsuit for millions

Arm looks to accelerate self-driving car development with new computer chip

Tesla Autopilot, 9 other assisted-driving systems receive “poor” rating from IIHS

Tesla hikes Model Y prices amid market shifts

Weekly roundup: Apple Car shelved, hybrids gain traction, new EV superchargers and supercars

How Tesla is banking billions in regulatory emissions credits

Rivian shaves off over $3,000 for R1T and R1S base models

Are the tables turning on Tesla? — Karl Brauer | iSeeCars.com

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