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Tesla

Tesla cuts more than 10% of global workforce as challenges mount

by Sabri Ben-Achour
Apr 15, 2024
The electric vehicle maker faces softening demand and intense competition on prices, and earlier price cuts have not sufficiently jolted sales.
Tesla’s deliveries dropped by 8.5% in the first quarter, making it the first decline in four years.
Brandon Bell/Getty Images
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Why do so many companies incorporate in Delaware?

by Stephanie Hughes
Feb 2, 2024
More than two-thirds of the Fortune 500 are incorporated in the First State, but Texas is gunning for a share of that.
The state flag of Delaware, where roughly two-thirds of Fortune 500 companies are incorporated.
WilliamSherman/Getty Images
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Tesla sacrifices to stay ahead of rivals in EV race

by Henry Epp
Oct 16, 2023
For the first time, the electric vehicle maker's market share is under 50%.
Tesla reduced prices in the past year, putting roadblocks in the path of traditional carmakers competing in electric vehicles. Tesla's upcoming quarterly results may show whether its revenue has suffered.
John Keeble/Getty Images
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EV prices are falling, but remain out of reach for many potential buyers

by Henry Epp
Jul 17, 2023
The industry may need to cut costs to bring down stickier prices.
Ford's F-150 Lightning electric pickup (above) is part of recent price drops in the electric vehicle space.
Spencer Platt/Getty Images
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In the race for electric vehicles, Chinese consumers are in the driver's seat

by Matt Levin
Jul 3, 2023
U.S. legacy automakers are losing ground to Tesla and Chinese companies like BYD in China, once considered a major new market.
"Tesla is still crushing it in China," says Tu Le, managing director at Sino Auto Insights. But Chinese automotive giant BYD sold more cars than Tesla in the second quarter.
Xiaolu Chu/Getty Images
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Electric vehicle sales are strong, but EV startups are struggling

by Henry Epp
May 4, 2023
It's not easy to start a carmaker, especially with rivals like Tesla, GM, Ford and Toyota, which have market share and manufacturing experience.
A row of Rivian electric pickup trucks. The company's shares are trading at a small fraction of their peak value in late 2021.
Justin Sullivan/Getty Images
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EVs are far from standardized. For mechanics, that's an issue.

by Kai Ryssdal and Sarah Leeson
Mar 23, 2023
When your EV is no longer under warranty, who fixes it?
EVs are getting more and more commonplace on the road, so they'll also be more and more common at your local garage.
Ben Stansall/AFP via Getty Images
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New standards for EV chargers also mean new business opportunities

by Stephanie Hughes
Feb 16, 2023
Standardization of electric vehicle chargers across the country mean they'll be able to serve all models of cars.
Tesla car sits parked at a Tesla Supercharger. The Biden administration's new standards for EV chargers announced this week could set the stage for more business opportunities.
Justin Sullivan/Getty Images
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Why Tesla is opening its charging network to other EVs

by Matt Levin
Feb 15, 2023
Federal subsidies, part of the White House's electric vehicle push, aren't the only way Tesla stands to make money on the expansion.
The White House is providing subsidies to Tesla to charge other makers' vehicles, potentially generating multiple income streams for the carmaker.
Justin Sullivan/Getty Images
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Lessons so far from Elon Musk's tweet trial

by David Brancaccio , Alex Schroeder and Jarrett Dang
Jan 25, 2023
University of Michigan's Erik Gordon says Musk may have offered us salient advice: don't take what he says as gospel.
Tesla CEO Elon Musk leaves the Phillip Burton Federal Building on Jan. 24, 2023, where he testified at a trial regarding tweets saying he was taking Tesla private.
Justin Sullivan/Getty Images
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