Tag Archives: Tesla

China’s BYD overtakes Tesla revenue for first time

China's BYD overtakes Tesla revenue for first time

The Chinese electric vehicle giant BYD has seen its quarterly revenues soar, beating Tesla’s for the first time. It posted more than 200bn yuan ($28.2bn, £21.8bn) in revenues between July and September. This is a 24% jump from the same period last year, and more than Elon Musk’s company whose quarterly revenue was $25.2bn. However, Tesla still sold more electric …

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Tesla shares take off on strong earnings as Cybertruck makes a profit

Tesla shares take off on strong earnings as Cybertruck makes a profit

Tesla shares soar following better-than-expected third-quarter earnings as its electric car sales returned to growth, while the Cybertruck achieved profitability for the first time. ADVERTISEMENT Tesla reported third-quarter earnings that surpassed analysts’ expectations, sending its shares up more than 12% in after-hours trading. CEO Elon Musk expects that its core business, automotive deliveries, will return to growth after declining in …

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Musk’s Tesla probed by US over safety of self-driving software

Musk's Tesla probed by US over safety of self-driving software

The US agency in charge of regulating road safety revealed Friday that they are probing Tesla’s self-driving software systems. The evaluation by the National Highway Traffic Safety Administration (NHTSA) covers 2.4 million Tesla vehicles across multiple models manufactured between 2016 and 2024. NHTSA’s action is the first step toward any potential recall that the agency might seek against the company, …

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Tesla gets go-ahead for controversial factory expansion in Germany

Tesla gets go-ahead for controversial factory expansion in Germany

The US electric car maker has plans to build the biggest car plant in the country, manufacturing one million cars annually. ADVERTISEMENT Tesla has been told it can start initial works on the expansion of its electric car factory in Grünheide near Berlin, Germany, after being given an environmental permit by the Brandenburg State Environmental Agency. Tesla’s first European factory …

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Tesla: Are Elon Musk’s new Tesla robotaxis safe?

Tesla: Are Elon Musk's new Tesla robotaxis safe?

Elon Musk has unveiled Tesla’s long-awaited robotaxi, which he claims will hit the market as early as 2027. BBC Tech Correspondent Lily Jamali analyses the ‘robocabs’ and whether their reliance on camera technology might be undermining the vehicles’ safety. Musk also debuted “Optimus” robots, which he claims will free up human time and take on chores.

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Tesla to unveil Cybercab, its big bet on self driving cars

Tesla to unveil Cybercab, its big bet on self driving cars

Tesla boss Elon Musk is to unveil the firm’s long-awaited robotaxi prototype, the Cybercab, at the Warner Bros Studios in Burbank, California on Thursday. Self-driving cars have long fascinated Mr Musk and he has made a series of bold predictions about them – including that they will save lives or earn their owners money, through being rented out for rides …

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Tesla shares drop as deliveries fall short of market expectations

Tesla shares drop as deliveries fall short of market expectations

Tesla shares fell despite recording the highest third-quarter delivery figures, as investors had expected more. Markets will now shift focus to the Robotaxi event and the upcoming earnings reports. ADVERTISEMENT Tesla delivered 462,890 electric vehicles in the third quarter, marking a 6.4% year-on-year increase and a 4.2% sequential rise, returning to growth after two consecutive quarterly declines. This figure is …

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Time for the Robotaxi? Future trend in focus ahead of Tesla update

Time for the Robotaxi? Future trend in focus ahead of Tesla update

Tesla is expected to report a record number of deliveries for the third quarter next week, fuelled by strong sales growth in China. The upcoming Robotaxi event is likely to be a key focus, shaping the future trend of its stock. ADVERTISEMENT Tesla is set to announce its quarterly delivery numbers next week, with analysts forecasting record third-quarter sales, largely …

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