Monday, Cox Automotive released its second quarter U.S. EV report. Sales landed at about 311,000 vehicles, down 6% year over year.
Tesla has made its long-awaited entry into India with the opening of its first showroom — nine years after CEO Elon Musk first teased the move in April 2016 and following years of delays and shifting timelines in one of the world's largest automotive markets.
Vivek Vaidya at Frost & Sullivan discusses Tesla's foray into the Indian market. He says the most popular cars in India are one tenth of the price of Tesla and it will be "the rich and famous" that drive Tesla cars.
Tesla (TSLA) closed the most recent trading day at $316.97, moving +1.1% from the previous trading session.
Tesla CEO Elon Musk was not in a Miami courtroom as a jury was selected for the federal trial of a civil lawsuit over a 2019 fatal crash involving a Tesla Model S in Florida. "Anything that involves Elon Musk is very hard for me," one potential juror said.
Elon Musk is reportedly seeking an investment from Tesla Inc (NASDAQ:TSLA) in his AI startup xAI. Musk plans to hold a shareholder vote at Tesla to decide whether the electric vehicle maker should invest in xAI, the company behind the Grok chatbot, which has already been integrated in beta form into Tesla vehicles.
“If it was up to me, Tesla would have invested in xAI long ago,” Musk had said on X.
Tesla (TSLA) does not have any plans to acquire CEO Elon Musk's artificial intelligence startup xAI, but the electric vehicle maker could invest in the company, Musk said over the weekend.
The billionaire entrepreneur said Tesla shareholders would vote on investing in xAI as he seeks to tap his own companies to help fund his artificial-intelligence startup.
Elon Musk said Tesla Inc. shareholders will vote on whether to invest in xAI in response to an account on X that said the carmaker must be able to invest in xAI to be fair to Tesla retail investors. Tom Mackenzie reports on Bloomberg Television.
Tesla Inc (NASDAQ:TSLA) has lost its position as the UK's leading electric vehicle (EV) maker, a trend echoed across Europe where sales are in decline amid a backlash against CEO Elon Musk. Chinese EV manufacturers now dominate the UK market, accounting for 30% of all Chinese electric models sold across Europe, according to a Reuters report.
Elon Musk on Monday said he does not support a merger between xAI and Tesla. On X, Musk suggested that Tesla plans to ask shareholders whether Tesla should invest in xAI, however.