Tesla generated $7.9 billion in net income in the final months of 2023, clouding profitability expectations for the coming months.

Tesla Q4 earnings plunge 40% despite revenue, sales gains

CBT News Staff Writer - January 25, 2024

Electric vehicle brand Tesla reported a steep decline in fourth-quarter profits against a 3.5% increase in revenue over the same period, missing analyst forecasts and raising questions for the new...

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By June 2025, Tesla disclosed to its suppliers plans to start producing a new EV mass-market known as "Redwood."

Tesla announces plans to build its next-gen EVs in 2025

Jaelyn Campbell - January 24, 2024

By June 2025, Austin-based Tesla disclosed to its suppliers plans to start producing a new electric vehicle (EV) mass-market known as "Redwood," according to Reuters. Elon Musk has been generating...

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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

Rising labor costs propel automakers toward robotics and automation

Steve Greenfield - January 19, 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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Tesla CEO Elon Musk is seeking to increase his control over the electric vehicle company as its board faces a difficult year.

Elon Musk seeks 25% stake in Tesla to prioritize AI and robotics business

CBT News Staff Writer - January 16, 2024

Tesla CEO Elon Musk is seeking to increase his ownership of the electric vehicle company to 25% as he looks to accelerate the brand's expansion into robotics and artificial intelligence. In...

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Tesla saw its market valuation drop 12% in the first days of 2024 as clouding sentiments on the electric vehicle market worry investors.

Tesla market valuation sheds $94 billion in first weeks of 2024

CBT News Staff Writer - January 15, 2024

Tesla saw its market valuation shed $94 billion over the first two weeks of 2024, marking one of the sharpest share price drops in the electric vehicle company's history. The number...

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Tesla manufacturing employees are set to receive a "market adjustment" raise as the UAW doubles down on its efforts to unionize the company.

Tesla boosts pay after UAW ramps up unionization efforts

CBT News Staff Writer - January 12, 2024

Tesla will boost worker pay across the U.S. in an effort to keep wages competitive with market norms, several months after the United Auto Workers (UAW) union won considerable raises...

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Regarding volume and share, EV sales in the fourth quarter broke records, emerging at 317,168 units and 8.1%, respectively.

U.S. EV sales hit 1.2 million in 2023, Tesla remains market leader

Jaelyn Campbell - January 10, 2024

According to estimates from Kelley Blue Book, a subsidiary of Cox Automotive, a record high of 1.2 million American car buyers opted for electric vehicles last year. This marks a...

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Tesla has slashed driving range estimates across its lineup shortly after the arrival of new rules aimed at improving transparency.

Tesla cuts driving range estimates as regulators revise testing rules

CBT News Staff Writer - January 10, 2024

Tesla has slashed driving range estimates across its model lineup in response to new regulations aiming to improve transparency in the electric vehicle sector. The EV maker has previously faced criticism...

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Tesla introduced an upgraded Model 3 sedan in North America, which was previously available only in China, Middle East, and European markets.

Tesla launches the upgraded Model 3 in U.S. markets

Jaelyn Campbell - January 10, 2024

Tesla has introduced an upgraded Model 3 sedan in North America, which was previously available only in China, the Middle East, and European markets. The Model 3, which was codenamed "Highland"...

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Tesla and SpaceX CEO Elon Musk has faced pushback from fellow company leaders over his alleged drug use, according to the Wall Street Journal.

Elon Musk denies drug use following Wall Street Journal allegations

CBT News Staff Writer - January 8, 2024

Tesla and SpaceX CEO Elon Musk has come under fire from fellow executives and board members over his alleged drug use, according to a new report by the Wall Street...

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Tesla

Tesla Q4 earnings plunge 40% despite revenue, sales gains

Tesla announces plans to build its next-gen EVs in 2025

Rising labor costs propel automakers toward robotics and automation

Elon Musk seeks 25% stake in Tesla to prioritize AI and robotics business

Tesla market valuation sheds $94 billion in first weeks of 2024

Tesla boosts pay after UAW ramps up unionization efforts

U.S. EV sales hit 1.2 million in 2023, Tesla remains market leader

Tesla cuts driving range estimates as regulators revise testing rules

Tesla launches the upgraded Model 3 in U.S. markets

Elon Musk denies drug use following Wall Street Journal allegations

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