Billionaire Elon Musk's electric vehicle company Tesla rejected a $60 million settlement proposal in a lawsuit over the 2019 fatal crash of an Autopilot-equipped Model S before a jury this month awarded a $243 million verdict in the case.
Tesla faces sliding deliveries and shrinking margins, while Ford's EV reset aims at scale and affordability to attract the next wave of buyers.
A big rally Friday, helped send Tesla stock up for three consecutive weeks.
Key Points in This Article: Tesla's (TSLA) sales in China fell 11.7% in Q2, while Chinese EV makers like BYD and Geely saw growth.
Tesla (TSLA) shares soared Friday amid a broader market rally spurred by comments from Federal Reserve Chair Jerome Powell that indicated interest rate cuts could be on the horizon.
Tesla (TSLA) reported earnings 30 days ago. What's next for the stock?
U.S.-listed shares of Nio (NIO) soared 14% Friday to trade at their highest level in nearly a year as the Chinese electric vehicle (EV) maker this week unveiled the new ES8, its SUV challenger to the Tesla (TSLA) Model Y L, and began taking pre-orders.
Kimbal Musk, Elon Musk's younger brother, said the Tesla CEO "deserves to be paid." Tesla earlier this month granted Elon Musk an interim pay package worth $29 billion.
It's no secret that Tesla stock (Nasdaq: TSLA) has had a horrible 2025. After ending 2024 with a bang, the electric vehicle maker's shares declined rapidly as competition increased, CEO Elon Musk's involvement in politics turned off many of Tesla's liberal customers, and President Donald Trump's tariffs sank global markets.
The EV maker's shares could do with a boost, but a souped-up Cybertruck is unlikely to help.
An SEC filing dated August 15, 2025, shows 1248 Management, LLC increased its Tesla (TSLA -1.12%) holding by 16,443 shares. The estimated transaction value, based on the period's average share price, is approximately $4.94 million.
Tesla has raised the price of the Cyberbeast variant of its Cybertruck to $114,990 from $99,990, an increase of $15,000, according to pricing information on the automaker's website.