Tesla CEO Elon Musk is lashing out at Wedbush Securities analyst Dan Ives, telling the technology analyst to “Shut up.” On his social media platform X on Tuesday, the billionaire posted “Shut up, Dan,” just hours after the analyst and Tesla fan recommended that the electric car maker’s board of directors curb the CEO’s political activity. Ives’ comments came…
Tesla continues to lose momentum in China with declining sales as competing electric vehicle automakers take over the country’s market. The Chinese company Xiaomi has been gaining significant popularity with its new EV, which is a direct competitor to Tesla‘s Model Y. What’s happening? As Business Insider reported, Xiaomi announced that it received approximately 300,000…
Sign up for the Slatest to get the most insightful analysis, criticism, and advice out there, delivered to your inbox daily. On Monday, Tesla lost 6.8 percent of its value when the S&P 500 fell by less than 1 percent on tariff fears—marking the sixth-worst day of the year for the stock. The causes of…
Rifle through Turkey’s car sales report for January and in the column next to Tesla’s name, you’ll find a big, fat zero. A lot has since changed. This June, Turkey nearly eclipsed the UK as the brand’s third-largest market in the world for the month. Tesla sold over 7,200 vehicles in the Eurasian country, within striking distance of the…
After a turbulent start to 2025, Tesla is showing signs of a turnaround in Europe. Teslarati reported that, according to Carup data, electric vehicle registrations in June surged across the United Kingdom, Spain, and the Netherlands, where Tesla not only regained lost ground but also topped EV sales charts for the month. In the U.K.,…
While Tesla’s struggles dominate the headlines, a quieter but more significant story is unfolding: Chinese electric vehicle makers are on a tear. For the second consecutive quarter, Elon Musk’s Tesla has seen its sales decline, a stark contrast to the booming growth reported by rivals like BYD and NIO Inc, who are steadily gaining market…
Shares in oil major Shell (SHEL.L) fell 3.2% on Monday, after the company warned that it expected to report lower trading and production results for its gas division in the second quarter. Shell lowered the top end of its production guidance for the integrated natural gas division to 900,000 to 940,000 barrels of oil equivalent…
Tesla’s stock price has plunged in response to Elon Musk’s announcement of a new political party and his latest attacks on President Donald Trump. Investors are once again concerned about Musk’s focus as the company’s CEO announced over the weekend that he has launched the America Party. Tesla shares tanked 8 percent Monday morning to…
US Treasury Secretary Scott Bessent on Sunday threw some shade at Elon Musk after the tech billionaire announced he had created a political party, suggesting the Tesla and SpaceX boss focus on business and not politics. On Saturday, the South African-born Musk – an ally-turned-critic of US President Donald Trump – said he was founding…
Elon Musk, the world’s richest man and until recently a close adviser to US President Donald Trump, has announced the formation of a new political party called the America Party. The move follows a dramatic split between the two over Trump’s controversial tax-and-spending bill, which Musk says will bankrupt the country.The Tesla and SpaceX CEO…