The electric car giant saw year-over-year sales in the UK slide by nearly 60% and by 55% in Germany.
Tesla Inc (NASDAQ:TSLA) and its CEO Elon Musk were sued by shareholders who accused the electric vehicle maker of securities fraud for allegedly concealing safety risks associated with its self-driving vehicles, including the recently tested Robotaxi. The proposed class action, filed late Monday in federal court in Austin, Texas, claims Tesla misled investors by overstating the capabilities of its autonomous driving technology and failing to disclose operational flaws that could compromise safety and violate traffic laws.
Tesla shareholders sued the company over its robotaxis. After a June test, videos showed the vehicles driving in the wrong lane and exceeding speed limits.
Tesla (NASDAQ: TSLA) is facing fresh legal trouble that could impact its valuation and investor sentiment.
Overall UK car sales fell last month, but electric vehicle volumes increased despite plunging Tesla Inc (NASDAQ:TSLA) sales. Industry body data just released shows that just 987 new Teslas were registered in the UK in July, 60% less than the 2,462 registered in July last year.
Tesla Inc.'s rough stretch in Europe continued as data from Germany and the U.K. showed the U.S.-based electric-vehicle maker's sales were cut in half last month.
Morgan Stanley auto analyst Adam Jonas will transition into a new internal role focusing on the artificial intelligence theme.
Tesla granted CEO Elon Musk a new $29 billion pay deal with 96 million shares to retain him as the company pivots from making electric vehicles to robotaxis and humanoid robots.
Tesla has granted CEO Elon Musk shares worth about $29 billion, in a new pay deal aimed at keeping the billionaire entrepreneur at the helm during a crucial pivot from its struggling core auto business to robotaxis and humanoid robots.
TSLA's regulatory credit revenues plunged 50% YoY in Q2 2025. Policy shifts and rising EV competition could erode this key profit pillar.
The world's richest man just got a lot richer.
Tesla CEO Elon Musk was awarded an interim pay package of 96 million shares of the company. The company said in a filing that the pay package would vest in two years as long as Musk continued as CEO or in another key executive position.