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Elon Musk's Tesla is having a brutal 2024. Here's how it went wrong: The issues plaguing the electric vehicle maker have sent sales plunging, the stock spiraling ...
qz.com/tesla-elon-musk-stock-layoffs-sales-evs-1851411491
Elon Musk's Tesla is having a brutal 2024. Here's how it went wrong
Quick Glance: Tesla to Cut 14,000 Jobs, Elon Musk Aims for Lean Brand
  • Tesla is laying off more than 10% of its global workforce, equivalent to at least 14,000 roles, in response to slowing demand and price pressure.

  • Elon Musk announced the 'difficult decision' in a memo, mentioning that Tesla had experienced role and function duplications in certain areas due to rapid growth in recent years.

  • The job cuts follow a difficult start to the year for the electric carmaker, citing production problems caused by unforeseen factors and a decline in global demand.

  • Tesla recorded a gross profit margin of 17.6% in the fourth quarter, the lowest in over four years, attributed to repeated price cuts and increased competition in China.
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Elon Musk won’t stop tweeting. Now Tesla might be paying the price: A "growing number of EV shoppers are increasingly put off by Elon Musk’s behavior and ...
qz.com/tesla-ceo-elon-musk-tweets-ev-q1-sales-1851385048
Elon Musk won’t stop tweeting. Now Tesla might be paying the price
Quick Glance: Elon Musk's Behavior Impacting Tesla's Sales and Reputation
  • A growing number of EV shoppers are increasingly put off by Elon Musk’s behavior and politics.

  • Musk has increasingly focused on controversy and politics, negatively affecting Tesla's reputation and sales.

  • Tesla disclosed disappointing delivery numbers for the first quarter, with Musk's controversial behavior likely leading some consumers to explore alternatives.

  • Musk scored low in trust surveys, with many EV shoppers now seeking alternatives to Tesla to avoid his behavior and politics.
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Tesla CEO Elon Musk apologizes for 'incorrectly low' severance packages after mass layoffs
qz.com/tesla-elon-musk-apologizes-layoffs-severance-1851418616
Tesla CEO Elon Musk apologizes for 'incorrectly low' severance packages ...
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Read Tesla CEO Elon Musk's leaked layoffs memo: The electric vehicle maker is slashing "more than 10%" of its global workforce
qz.com/tesla-elon-musk-layoffs-leaked-memo-staff-1851409932
Read Tesla CEO Elon Musk's leaked layoffs memo
Profile picture of Motor Trend
Is Tesla in Big Trouble? Signs Point to Yes: Tesla has for years seemingly defied the rules other automakers are forced to play by. No more.
motortrend.com/features/tesla-trouble-problems-2024/
Is Tesla in Big Trouble? Signs Point to Yes
Quick Glance: Tesla resolves lawsuit following deadly Autopilot crash
  • Tesla reached a resolution in a wrongful-death lawsuit stemming from a fatal 2018 crash.

  • Following the death of Apple engineer Walter Huang in Autopilot mode, his family filed a lawsuit.

  • Specifics of the resolution, prior to the set trial date, remained undisclosed.
Profile picture of The Wall Street Journal
2024 Tesla Model 3: Good Enough to Be Elon-Proof?: In a softening EV market, the Tesla CEO’s remarks have made some buyers wary of the brand ...
on.wsj.com/3VPMwu9
2024 Tesla Model 3: Good Enough to Be Elon-Proof?
Profile picture of Electrek
Tesla puts ‘$25,000 electric car’ codenamed NV9 on back burner despite what Elon Musk said
electrek.co/2024/04/15/tesla-puts-electric-car-codenamed-nv9-back-burner-despite-elon-musk-said/
Tesla puts ‘$25,000 electric car’ codenamed NV9 on back burner despite ...
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Would-be Tesla buyers snub company as Musk's reputation dips: The ranks of would-be Tesla buyers in the United States are shrinking, according to a survey by ...
reuters.com/business/autos-transportation/would-be-tesla-buyers-snub-company-musks-reputation-dips-2024-04-01/
Would-be Tesla buyers snub company as Musk's reputation dips
Quick Glance: Potential Risk: Tesla Stock Price Faces Dramatic Decline
  • Per Lekander labels Tesla as the largest stock market bubble in modern history.

  • He warns that the absence of growth endangers Tesla's stock price and poses a risk of collapse.

  • Lekander forecasts a potential drop in the stock price to just $14 per share, reflecting a 91% decrease. He critiques Tesla's business model and highlights current demand challenges.
Profile picture of Electrek
EV prices are down 18% over the past year as drastic price cuts take effect: Electric vehicle prices are down 18% so far this month compared to April 2023 ...
electrek.co/2024/04/18/ev-prices-down-18-last-year-drastic-price-cuts/
EV prices are down 18% over the past year as drastic price cuts take ...
Profile picture of Motor Trend
Is Tesla in Big Trouble? Signs Point to Yes: Tesla has for years seemingly defied the rules other automakers are forced to play by. No more.
motortrend.com/features/tesla-trouble-problems-2024/
Is Tesla in Big Trouble? Signs Point to Yes
Profile picture of Electrek
Higher Tesla Model 3 prices bumped up EV prices overall in March: After Tesla's price cuts pulled a quarter of overall EV prices down in February ...
electrek.co/2024/04/15/higher-tesla-model-3-prices-bumped-ev-prices-up-overall-march/
Higher Tesla Model 3 prices bumped up EV prices overall in March
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High-performance version of the Tesla Model 3: Ludicrous or Plaid?: In the first half of 2024, Tesla will bring a performance version of the newly facelifted ...
auto-motor-und-sport.de/elektroauto/tesla-model-3-plaid-performance-modell-facelift/
High-performance version of the Tesla Model 3: Ludicrous or Plaid?
Profile picture of Electrek
Electric cars are saving Americans billions — even people who don’t drive them: A new study shows that drivers of electric cars save Americans billions on their ...
electrek.co/2024/04/11/electric-cars-are-saving-americans-billions-even-people-who-dont-drive-them/
Electric cars are saving Americans billions — even people who don’t drive ...
Profile picture of Mashable.com
Tesla cars are getting a massive software update. Here's everything we know.: The company has announced a big refresh for its vehicles, coming this spring.
mashable.com/article/tesla-spring-update
Tesla cars are getting a massive software update. Here's everything we ...
Profile picture of Electrek
Rivian R1S climbs to fourth best-selling EV in the US in Q1, tops Hyundai IONIQ 5, VW ID.4
electrek.co/2024/04/15/rivian-r1s-tops-hyundai-ioniq-5-vw-id-4-fourth-top-selling-ev/
Rivian R1S climbs to fourth best-selling EV in the US in Q1 ...
Profile picture of The New York Times
How Tesla Planted the Seeds for Its Own Potential Downfall: Elon Musk’s factory in China saved his company and made him ultrarich. Now, it may backfire.
nytimes.com/2024/04/09/podcasts/the-daily/tesla-china-ev.html
How Tesla Planted the Seeds for Its Own Potential Downfall
Profile picture of Electrek
Elon Musk is putting Tesla all-in on Robotaxi: Riding the AI wave, Elon Musk is betting Tesla’s business on its self-driving effort, including Robotaxi ...
electrek.co/2024/04/16/elon-musk-tesla-all-in-self-driving-robotaxi/
Elon Musk is putting Tesla all-in on Robotaxi
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Tesla stock has plummeted this year. Will the company recover?: The company is one of the worst-performing stocks in the S&P 500.
abcnews.go.com/Business/tesla-stock-plummeted-year-company-recover/story
Tesla stock has plummeted this year. Will the company recover?
Profile picture of Insider (news website)
Tesla cofounder: Canceled $25K Tesla helps China: Tesla cofounder Martin Eberhard said China would likely benefit if Tesla scrapped its $25,000 car.
businessinsider.com/tesla-cofounder-china-chance-spread-report-canceled-25k-model-2-2024-4
Tesla cofounder: Canceled $25K Tesla helps China
Profile picture of Motor Trend
Report: Elon Musk Kills Tesla's Cheap Car Project, Again, Denies It: Sources inside Tesla spill the dirt on Elon’s latest pivot away from a rumored $25,000 model ...
motortrend.com/news/tesla-cheap-ev-plans-canceled-again-elon-musk-report/
Report: Elon Musk Kills Tesla's Cheap Car Project, Again, Denies It
Profile picture of Reuters
Exclusive: BP's EV charging arm cuts jobs, reduces global ambitions: BP has cut over a tenth of the workforce in its electric vehicle charging business and ...
reuters.com/business/autos-transportation/bps-ev-charging-arm-cuts-jobs-reduces-global-ambitions-2024-04-15/
Exclusive: BP's EV charging arm cuts jobs, reduces global ambitions
Profile picture of The Drive
Tesla Gives Up on $25,000 Model 2 in Favor of Robotaxis: Report: Tesla CEO Elon Musk is "all-in" on robotaxis, and perhaps as a consequence ...
thedrive.com/news/tesla-gives-up-on-25000-model-2-in-favor-of-robotaxis-report
Tesla Gives Up on $25,000 Model 2 in Favor of Robotaxis: Report
Profile picture of CNA
CNA Explains: Are China's EVs here to stay despite slow start to 2024?: CNA looks at the story behind Beijing's EV boom, the hurdles ahead and what it ...
channelnewsasia.com/asia/china-evs-electric-vehicles-cna-explains-byd-xpeng-nio-catl-tesla-4252576
CNA Explains: Are China's EVs here to stay despite slow start to ...
Profile picture of Electrek
We drove all of Lucid’s 2024 Air models and got a sneak peak at its upcoming ‘Mid-Size’ EVs
electrek.co/2024/04/18/ucid-2024-air-models-sneak-peak-at-upcoming-mid-size-evs/
We drove all of Lucid’s 2024 Air models and got a sneak peak at its ...
Profile picture of Electrek
These new EV charging features are coming to Google Maps: Google's new Maps features help EV drivers find exact information about EV chargers' ...
electrek.co/2024/04/17/these-new-ev-charging-features-are-coming-to-google-maps/
These new EV charging features are coming to Google Maps
Profile picture of Electrek
IM Motors opens pre-sale for solid-state powered L6 sedan, starting under $32,000
electrek.co/2024/04/08/im-motors-opens-pre-sale-solid-state-powered-l6-sedan-starting-under-32000/
IM Motors opens pre-sale for solid-state powered L6 sedan ...
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Where are many electric cars supported with environmental bonuses today? - AUTO BILD
autobild.de/artikel/elektroauto-foerderung-missbrauch-22590069.html
Where are many electric cars supported with environmental bonuses today? - ...
Profile picture of The Drive
Are These Really Unreleased Tesla Model 3 Plaid Wheels on Craigslist?: Someone posted what could be Tesla Model 3 Plaid wheels on Craigslist before the car has ...
thedrive.com/news/are-these-really-unreleased-tesla-model-3-plaid-wheels-on-craigslist
Are These Really Unreleased Tesla Model 3 Plaid Wheels on Craigslist?
Profile picture of The Wall Street Journal
2024 Tesla Model 3: Good Enough to Be Elon-Proof?: In a softening EV market, the Tesla CEO’s remarks have made some buyers wary of the brand ...
wsj.com/lifestyle/cars/2024-tesla-model-3-review-good-enough-to-be-elon-proof-d86d6d2b
2024 Tesla Model 3: Good Enough to Be Elon-Proof?
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BMW USA Tells Dealers Nearly 40 New Cars Are Coming By 2030: At a meeting with dealers held in Las Vegas, BMW informed retailers about an upcoming product ...
bmwblog.com/2024/04/10/bmw-usa-tells-dealers-nearly-40-new-cars-coming-2030/
BMW USA Tells Dealers Nearly 40 New Cars Are Coming By 2030
Profile picture of The Drive
Rivian Will Use Your EV to Spread the Word About Bad Public Chargers: Thanks to a new update, Rivians will now grade public chargers each time their owners use ...
thedrive.com/news/rivian-will-use-your-ev-to-spread-the-word-about-bad-public-chargers
Rivian Will Use Your EV to Spread the Word About Bad Public Chargers
Profile picture of Car and Driver
EVs Break Sales Records, but They Still Don't Meet Projections: Automakers claimed they were going all in on EVs, something easier said than done ...
caranddriver.com/news/a60278764/ev-sales-challenges/
EVs Break Sales Records, but They Still Don't Meet Projections
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Can't afford a new EV but want to dip toes in growing market? Here's 1 option.: Industry experts predict used EV market will grow this year as consumers look to ...
freep.com/story/money/cars/general-motors/2024/04/11/used-ev-sales-grow-as-consumers-look-to-try-them-for-cheaper-than-new/73235347007/
Can't afford a new EV but want to dip toes in growing market? Here's 1 ...
Profile picture of Consumer Reports
First Drive: Refreshed 2024 Tesla Model 3 Improves Upon Its Winning Formula: Consumer Reports reviews the updated 2024 Tesla Model 3 electric sedan ...
consumerreports.org/cars/hybrids-evs/2024-tesla-model-3-review-a1206367267/
First Drive: Refreshed 2024 Tesla Model 3 Improves Upon Its Winning ...
Profile picture of Reuters
Tesla's China-made EV sales edge up 0.2% y/y in March: U.S. automaker Tesla sold 89,064 China-made electric vehicles in March, a 0.2% increase from a year ...
reuters.com/business/autos-transportation/teslas-china-made-ev-sales-edge-up-02-yy-march-2024-04-02/
Tesla's China-made EV sales edge up 0.2% y/y in March
Profile picture of Quartz
Ford, Tesla, GM, Toyota, and all the other auto makers reporting sales: New reports give investors and analysts insight into the health of the major auto ...
qz.com/auto-sales-q1-tesla-toyota-byd-rivian-gm-hyundai-honda-1851382231
Ford, Tesla, GM, Toyota, and all the other auto makers reporting sales
Profile picture of Electrek
Mercedes-Benz’s sleek new entry-level CLA EV spotted as a Tesla Model 3 rival [Video]
electrek.co/2024/04/02/mercedes-entry-level-cla-ev-caught-testing-tesla-model-3-rival/
Mercedes-Benz’s sleek new entry-level CLA EV spotted as a Tesla Model 3 ...
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Tesla vs gas cars: Here's how far EVs can go on a California road trip: Should you buy an electric vehicle? Compare Tesla and other popular 2024 models to see if ...
sfchronicle.com/projects/ev-car-map/
Tesla vs gas cars: Here's how far EVs can go on a California road trip
Profile picture of Motor Trend
Here's What the U.S.-Market Volkswagen ID7 EV Sedan Comes With: Volkswagen’s “near-luxury” electric sedan sets its sights on the Tesla Model 3
motortrend.com/news/2025-volkswagen-id7-price-msrp-trim-levels/
Here's What the U.S.-Market Volkswagen ID7 EV Sedan Comes With
Profile picture of Electrek
A Tesla Supercharger is Maine’s first NEVI EV charging station: Maine just opened its first NEVI Formula Program-funded EV charging station – a Tesla ...
electrek.co/2024/04/03/tesla-supercharger-maine-first-nevi-ev-charging-station/
A Tesla Supercharger is Maine’s first NEVI EV charging station
Profile picture of Car and Driver
2024 Fiat 500e: What We Know So Far: Fiat's retro-cute 500, now exclusively offered with electric power, is a small and affordable EV with not much range or ...
caranddriver.com/fiat/500e
2024 Fiat 500e: What We Know So Far
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Biden’s impossible dream: Any car you want, as long as it’s an EV: The lack of feasibility and dearth of consumer interest haven’t deterred a government intent ...
washingtonpost.com/opinions/2024/04/12/biden-electric-car-misguided-policy/
Biden’s impossible dream: Any car you want, as long as it’s an EV
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Tourist with e-car annoyed about charging price in Chemnitz: If you drive to the pump with a combustion engine, the current price per liter is displayed ...
freiepresse.de/chemnitz/tourist-mit-e-auto-veraergert-ueber-ladepreis-in-chemnitz-artikel13332986
Tourist with e-car annoyed about charging price in Chemnitz
Profile picture of TheStreet
Former Tesla boss not happy with Elon Musk's most recent decision: Musk's latest moves are a hard turn from his initial plans for Tesla.
thestreet.com/electric-vehicles/former-tesla-boss-not-happy-with-elons-most-recent-decision
Former Tesla boss not happy with Elon Musk's most recent decision
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The 25 Bestselling Cars, Trucks, and SUVs of 2024 (So Far): After years of turmoil, new-car sales are settling back into normalcy, and some new models snuck onto ...
caranddriver.com/news/g60385784/bestselling-cars-2024/
The 25 Bestselling Cars, Trucks, and SUVs of 2024 (So Far)
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2024 Fiat 500e Review: City Scooting in Style: Fiat has redesigned its Cinquecento for the North American market, delivering a practical EV for those without ...
newsweek.com/2024-fiat-500e-review-city-scooting-style-1889738
2024 Fiat 500e Review: City Scooting in Style
Quick Glance: Compact Electric Fiat 500e Suits Its Market Perfectly
  • Making a comeback after a significant break, the Fiat 500e re-enters the US market with a touch of Italian style.

  • The new model slightly outstrips its predecessor in most dimensions, showcasing a subtle size increase.

  • Fiat intends to introduce various editions of the 500e featuring distinct colors and functionalities.

  • Both the 7-inch digital instrument cluster and the 10.25-inch Uconnect 5 infotainment system will be standard across all 500e models.
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Save 20% on this USB-C docking station for Teslas: Streamlined charging.
mashable.com/deals/march-31-usbc-docking-station
Save 20% on this USB-C docking station for Teslas
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Decarbonisation options for Singapore's marine industry as electric harbour craft charging point trial starts
channelnewsasia.com/singapore/electric-harbour-craft-marina-south-pier-charging-point-pyxis-decarbonisation-marine-industry-4250351
Decarbonisation options for Singapore's marine industry as electric ...
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Chinese smartphone giant Xiaomi sees robust demand for first EV, even as buyers face delivery wait times of more than 5 months
scmp.com/tech/big-tech/article/3257587/chinese-smartphone-giant-xiaomi-sees-robust-demand-first-ev-even-buyers-face-delivery-wait-times
Chinese smartphone giant Xiaomi sees robust demand for first EV ...
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The 20 best US cities to own an electric vehicle : Owning an electric car can be a headache, and where you live can make it easier or harder ...
businessinsider.com/best-us-cities-to-own-electric-car-ev-2024-4
The 20 best US cities to own an electric vehicle
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Low Miles BMW i3s 120Ah Is Still a Great Buy: Discover why the BMW i3s is the EV you never considered. From longevity to style, explore its surprising features ...
bmwblog.com/2024/04/03/bmw-i3s-120ah-great-buy/
Low Miles BMW i3s 120Ah Is Still a Great Buy
Profile picture of Electrek
Podcast: Tesla Q1 results, Model 3 Ludicrous, Silverado EV RST electric pickup, and more
electrek.co/2024/04/05/podcast-tesla-q1-results-model-3-ludicrous-silverado-ev-rst-electric-pickup/
Podcast: Tesla Q1 results, Model 3 Ludicrous, Silverado EV RST electric ...
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China's oil majors face uphill climb to adapt to EV future: Tucked away on a side road in suburban Beijing, the Xiaowuji battery charging station opened by ...
reut.rs/3J4HOBn
China's oil majors face uphill climb to adapt to EV future
Profile picture of Electrek
Daily EV Recap: Tesla’s Model 3 Plaid nears release: Listen to a recap of the top stories of the day from Electrek. Quick Charge is now available on Apple ...
electrek.co/2024/04/01/daily-ev-recap-teslas-model-3-plaid-nears-release/
Daily EV Recap: Tesla’s Model 3 Plaid nears release
Profile picture of Electrek
Tesla plans new world’s largest Supercharger with an impressive 200 stalls: Tesla has unveiled plans for a new world’s largest Supercharger station ...
electrek.co/2024/04/08/tesla-new-worlds-largest-supercharger-200-stalls/
Tesla plans new world’s largest Supercharger with an impressive 200 stalls
Profile picture of Reuters
China's oil majors face uphill climb to adapt to EV future: Tucked away on a side road in suburban Beijing, the Xiaowuji battery charging station opened by ...
reuters.com/world/china/chinas-oil-majors-face-uphill-climb-adapt-ev-future-2024-04-01/
China's oil majors face uphill climb to adapt to EV future
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Google Maps AI upgrades could solve your EV charging headaches: Find the nearest charging station
techradar.com/computing/software/google-maps-ai-upgrades-could-solve-your-ev-charging-headaches
Google Maps AI upgrades could solve your EV charging headaches
Profile picture of Motor Trend
First Look Worth the Look: Maserati's Breathtakingly Gorgeous Electric Convertible
motortrend.com/news/2024-maserati-grancabrio-folgore-first-look-review/
First Look Worth the Look: Maserati's Breathtakingly Gorgeous Electric ...
Profile picture of Metro (British newspaper)
What it’s really like to drive 285 miles to The Lakes in an electric car: We took the brand new all-electric BMW iX1 from Essex to the Lake District to try out ...
metro.co.uk/2024/04/06/really-like-drive-285-miles-lakes-electric-car-20595866/
What it’s really like to drive 285 miles to The Lakes in an electric car
Profile picture of TheStreet
Google Maps' latest update will make electric-vehicle owners happy: It's a perfect addition for those EV owners with range anxiety.
thestreet.com/technology/google-maps-latest-update-will-make-ev-owners-happy
Google Maps' latest update will make electric-vehicle owners happy
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Tesla boss Elon Musk’s lay-offs mainly target sales staff, leaving production at Shanghai Gigafactory unaffected: sources
scmp.com/business/china-business/article/3259519/tesla-boss-elon-musks-lay-offs-mainly-target-sales-staff-leaving-production-shanghai-gigafactory
Tesla boss Elon Musk’s lay-offs mainly target sales staff ...
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Tesla to cut workforce as China accelerates into EV sector: NEW YORK -- Tesla CEO Elon Musk told employees on Monday that the electric vehicle giant is cutting ...
asia.nikkei.com/Business/Automobiles/Tesla-to-cut-workforce-as-China-accelerates-into-EV-sector
Tesla to cut workforce as China accelerates into EV sector
Profile picture of Star Tribune
What can a renter do to fight climate change? Act on the things you can control.
startribune.com/untitled/600359053/
What can a renter do to fight climate change? Act on the things you can ...
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Anker's 65W charging station makes the perfect travel companion at 40% off: Small enough to fit in your pocket, powerful enough to charge all of your gear
androidpolice.com/anker-ganprime-65w-charging-station-40-off/
Anker's 65W charging station makes the perfect travel companion at 40% off
Profile picture of The Globe and Mail
The biggest Mini grows even bigger without reducing the fun : The appeal of any Mini is that it’s a fun car to drive and even just to spend time in ...
theglobeandmail.com/drive/reviews/article-the-biggest-mini-grows-even-bigger-without-reducing-the-fun/
The biggest Mini grows even bigger without reducing the fun