A pared-down Model Y might do little to lift Tesla sales. To really get people excited about the brand again, Tesla needs “actual new vehicle models,” one analyst said.

VinFast plans to open 35 dealerships across 27+ cities by year-end. Vehicles will be assembled at its upcoming manufacturing facility in Thoothukudi, Tamil Nadu

Elon Musk warned of difficult times ahead for Tesla Inc. after one of the automaker’s worst quarters in over a decade.

In 2020, Tesla controlled nearly 80% of the U.S. market, based on data from Experian. By 2022, that was down to 65.4%, followed by 55% in 2023. This year, per Cox Automotive, that share continues to decline, hovering around 45% as of July 11.

Let's be honest: if any car company operating in America could produce a truly compelling, high-spec electric vehicle for well under $30,000, it's Tesla.

Eager to capitalize, Gov. Kelly brokered a deal with Panasonic to build a massive $4 billion lithium-ion battery plant in De Soto, aimed at supplying Tesla’s new factories in Texas. A multi-billion dollar tax incentive package secured Panasonic’s investment, made possible by the bipartisan APEX Act passed by the state Legislature.

The company, which supplies Tesla, General Motors and Volkswagen among other automakers, reported an operating profit of 492 billion won ($358.73 million) for the April-June period, versus a 195 billion won profit a year earlier.

Musk's electric vehicle maker posted the worst quarterly sales decline in more than a decade and profit that missed Wall Street targets, but its profit margin on making cars was better than many feared.

Thinking of going electric? While EV maintenance saves money, a new study uncovers the hidden cost: longer repair times and higher bills for accident damage.