Hopes of keeping the crown have rested on a long-promised $25,000 model. If the project gets scrapped, as Reuters reported on Friday, boss Elon Musk has one remaining advantage: using Tesla’s data trove to develop self-driving technology

Tesla has reportedly scrapped its plan to develop a lower-cost electric vehicle (EV) estimated to be priced around USD 25,000, according to a report by Reuters. Marking a significant shift in the company's strategy, this decision comes despite the perceived importance of such a low-cost vehicle for Tesla's broader growth trajectory.

Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages seen by Reuters

Elon Musk's auto giant reported 386,810 global deliveries over the period, down 8.5 percent, reflecting in part a weak sales market in China, where it faces heavy competition from local electric vehicle (EV) makers

Tesla has temporarily cut prices of some of its Model Y cars in the US until February 29

BYD, the Chinese vehicle giant, has dethroned the trailblazing Tesla in terms of sales

An engineer at Tesla was reportedly attacked by a robot, according to an injury report filed with regulators. The incident happened at Tesla's Giga Texas factory near Austin in 2021 but was discovered recently, as per a report by The Independent.

Tesla cars worth 25,000 euros (about $26,838) are planned to be built at a factory in Berlin, Germany, as per a source close to the international EV maker Tesla. According to autos research firm JATO Dynamics, the average retail price of an EV in Europe in the first half of 2023 was over 65,000 euros, compared to just over 31,000 euros in China.

BMW is revisiting its historical innovation, the "Neue Klasse," this time as an all-electric offering.

Tesla Inc., the multinational electric vehicle company, is set to appear in court to defend against claims that the malfunction of their autopilot driver feature resulted in accidents that led to death.

Tesla, the electric vehicle manufacturer led by Elon Musk, has introduced a distinctive cat bed in China that draws inspiration from the design of the company's forthcoming electric pickup truck, the Cybertruck. The 'Cybertruck Multifunctional Corrugated Cat Nest' is crafted from angular cardboard and features an angular shape reminiscent of the Cybertruck's unique aesthetic.

Malaysia's Trade Ministry in March said Tesla will open an office, showrooms and service centers in the country and establish a network of charging stations for its cars, but did not say when

Tesla Inc (TSLA.O) CEO Elon Musk has said that the company can make no new hires unless he personally approves them, including contractors, according to a copy of the email seen by Reuters.

Tesla Inc. will reportedly fix software problems in more than 1 million vehicles, according to China's official market regulator. The software fix is being mandated to reduce accidents in Tesla's automated vehicles, states the regulator. 

Elon Musk and a group of artificial intelligence experts and industry executives are calling for a six-month pause in developing systems more powerful than OpenAI's newly launched GPT-4, in an open letter citing potential risks to society.

Elon Musk, Tesla Inc's (TSLA.O) chief executive, testified on Friday that investors do not always react to his Twitter messages as he expects, defending himself in a fraud trial over his 2018 tweet that he had funding to take the electric carmaker private.

Tesla will reportedly begin mass production of its all-electric truck, Cybertruck, at the end of 2023.

"Is Twitter dying?" billionaire Elon Musk mused in April, five days before offering to buy the social media platform. The reality, according to internal Twitter research seen by Reuters, goes far beyond the handful of examples of celebrities ghosting their own accounts. Twitter is struggling to keep its most active users - who are vital to the business - engaged, underscoring a challenge faced by the Tesla chief executive as he approaches a deadline to close his $44 billion deal to buy the company.

Telsa, the acclaimed electric automaker, starts laying off employees just a few days after Elon Musk, warned about the impending job cuts. Christopher Bousigues, the country manager of Singapore, updated his peers with a LinkedIn post, terming his position being eliminated. 

Tesla (TSLA.O) CEO Elon Musk has a "super bad feeling" about the economy and needs to cut about 10% of jobs at the electric carmaker, he said in an email to executives seen by Reuters.