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Tesla shares plunged 29% in the first quarter, the worst period for the stock since the end of 2022 and the third-steepest quarterly drop on record.Investors are concerned about auto sales as the company faces increased competition from China and disruptions in Europe.According to data from S3 Partners, Tesla shorts...

Xiaomi CEO Lei Jun said the standard version of the SU7 will sell for 215,900 yuan ($30,408) in the country — a price he acknowledged would mean the company was selling each car at a loss.Tesla's Model 3 starts at 245,900 yuan in China.Lei claimed the standard version of the SU7 beat the Model 3 on more than 90% of ...

Xiaomi is putting a premium price on its first electric car because it already has about 20 million users in that segment, Group President Weibing Lu told CNBC.The company has generally been known for more affordably priced products. That's raised doubts about whether it can sell an electric car – promoted as a riva...

SpaceX has filed to move its incorporation location to Texas from Delaware, according to public filings with the Texas Secretary of State. The move follows a Delaware Chancery Court ruling that ordered Tesla to rescind Elon Musk's 2018 CEO pay package, worth about $56 billion in options. Musk voiced a strong prefere...

Elon Musk — the CEO of Tesla and SpaceX and owner of X, formerly Twitter — speaks during the New York Times annual DealBook summit in New York City, Nov. 29, 2023.Michael M. Santiago | Getty ImagesA Delaware judge on Tuesday voided the $56 billion pay package of Tesla CEO Elon Musk, ruling that the company's board o...

Elon Musk, chief executive officer of Tesla Inc and X (formerly Twitter) Ceo speaks at the Atreju political convention organized by Fratelli d'Italia (Brothers of Italy), on December 15, 2023 in Rome, Italy. Antonio Masiello | Getty ImagesTesla reported revenue and profit for the fourth quarter that missed analysts'...