Tesla's (NASDAQ: TSLA) dominance in the global electric vehicle (EV) market continues to face significant threats as sales decline in key regions amid mounting competition.
Tesla is rolling out self-driving features to some cars in China, per a software update log. It's not being called Full Self-Driving and Tesla is not offering all the FSD features as in the US.
U.S. carmaker Tesla will acquire parts of the insolvent German high-tech parts maker Manz AG , including more than 300 employees at its site in Reutlingen city in the southwest, the German company said on Tuesday.
Tesla's sales plunged 45% last month across Europe, where rival carmakers saw a surge in electric-vehicle demand. Elon Musk's company is changing over production lines for by far its most popular vehicle, the Model Y SUV, and contending with its chief executive officer becoming an increasingly polarizing figure in global politics.
Tesla's European sales plunged in January, falling 45% compared with the same month in 2024. The decline came despite a rise in EV sales in Europe, with Tesla falling behind China's SAIC Motor.
January data will concern the EV maker's investors.
Tesla Inc's sales across Europe almost halved last month, as demand appeared to wane in line with repeated forays into the continent's politics by owner Elon Musk. According to the European Automobile Manufacturers' Association, some 9,945 Teslas were sold across Europe in January, marking a 45% slump year on year.
Tesla on Monday told customers in China it will update the "Autopilot" software in their cars to add driving-assistance features for navigating city streets.
Tesla plans to update software in cars in China to add driving-assistance capabilities that will help drivers navigate city streets, according to a company notification and two people with direct knowledge of the matter.
Today's Options Corner turns to names that all fell around 20% off their all-time highs: Tesla (TSLA), Marvell (MRVL) and Chipotle (CMG). Tom White takes investors through unusual options trade activity in these stocks and turns to the news behind the sentiment.
Tesla shares are trading about 30% below a December high as concerns about Elon Musk and DOGE swirl.
The S&P 500 (SNPINDEX: ^GSPC) delivered a 23% return last year, which was more than twice its average annual gain dating back to when it was established in 1957. It was led higher by some of its trillion-dollar constituents, including Tesla (TSLA 0.11%) and Meta Platforms (META -1.56%) which both soared by more than 60%: