The Detroit carmaker is creating a domestic supply base to make EVs cheaper and profitable aided by Kurt Kelty, who landed Tesla’s top battery supplier in its early days.

Tesla (NASDAQ: TSLA) announced plans to roll out new, more affordable electric vehicles (EVs) in early 2025 while launching an autonomous ride-hailing service in June. Despite missing Wall Street revenue expectations,

Tesla expects capital expenditure to exceed $11 billion this year and in each of the following two fiscal years, the electric automaker said in a filing on Thursday.

Tesla Inc (NASDAQ: TSLA) shares surged 4% in after-hours trading despite missing Wall Streets fourth-quarter revenue estimates. The electric vehicle (EV) giant reported revenue of $25.71 billion, below

The European stock markets closed mixed in Monday trading as The Stoxx Europe 600 was off 0.04%, Germany's DAX declined 0.54%, the FTSE 100 in London edged 0.02% higher, France's CAC 40 was down 0.27%,

BMW’s Chinese-made BEVs now incur EU import tariffs of close to 21%, while for BYD’ Auto the tariff rate is set at 17%; Geely 19%; and SAIC Motor 35%. Olof Gill, spokesperson for the European Commission (EC), confirmed earlier this week that the EU is prepared to respond to the case in court.

Although Tesla is an American company, it builds Model 3s in Shanghai and exports them to Europe. According to The Financial Times, Tesla accounted for approximately 28% of all Chinese-made EVs imported to the EU in 2023.

Tesla, owned by Elon Musk, is taking the European Union (EU) to court over its tariffs on electric vehicles imported from China. Filed last Wednesday with the European Court of Justice (ECJ) by Tesla’s Shanghai division, the lawsuit comes in the wake of similar legal moves by BMW and other Chinese car manufacturers.

Tesla’s Canadian website says that Model 3 prices will increase up to $9,000 on Feb. 1. The high-end version of the 3 starts at $71,000 so a $9,000 hike is equivalent to a roughly 13% increase. The high-end version of the Y starts at about $70,

Tesla stock was trying to avoid a third consecutive day of declines as investors weighed what big price increases for Tesla’s most popular cars in Canada mean for overall EV pricing and demand in 2025.

Tesla, IBM and Meta Platforms helped lead most U.S. stocks higher following a rush of profit reports from some of the country’s most influential companies. The S&P 500 climbed 0.5%

Meta Platforms, Tesla and most other U.S. stocks are rising Thursday following a rush of profit reports from some of the country’s most influential companies. The S&P 500 rose 0.7%