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DOGE is set to examine multibillion-dollar federal loans to two Tesla rivals. Vivek Ramaswamy said the cost-cutting body would "carefully scrutinize" loans to Stellantis and Rivian.
Tesla sold about 1.79 million cars in 2024, it said Thursday. It's Elon Musk's electric automaker's first year-over-year decline. ... But sales could get even tougher for Tesla and its competitors.
The automobile giants are in talks for a potential merger which could bolster their efforts to compete with global EV leaders like China’s BYD and America’s Tesla.
Tesla, Inc. (/ ˈ t ɛ s l ə / TESS-lə or / ˈ t ɛ z l ə / TEZ-lə [a]) is an American multinational automotive and clean energy company. Headquartered in Austin, Texas, it designs, manufactures and sells battery electric vehicles (BEVs), stationary battery energy storage devices from home to grid-scale, solar panels and solar shingles, and related products and services.
The SpaceX founder and analysts have both said cutting the subsidy will have a greater impact on Tesla's rivals, with Musk saying the move would "devastate" the company's competitors and benefit ...
Tesla was incorporated (as Tesla Motors) on July 1, 2003, by Martin Eberhard and Marc Tarpenning in San Carlos, California. [2] [3] [4] The founders were influenced to start the company after General Motors recalled all its EV1 electric cars in 2003 and then destroyed them, [5] and seeing the higher fuel efficiency of battery-electric cars as an opportunity to break the usual correlation ...
In April 2021, an angry Tesla owner protested atop a Tesla Model 3 at the Shanghai Auto Show, repeatedly yelling "Tesla brake lost control". [206] The woman says that the brakes on her Tesla Model 3 failed, nearly killing four of her family members in an accident.
Tesla's stock trades at a high premium -- its forward price-to-earnings ratio is 135. That's quite expensive considering the S&P 500 's average P/E ratio is about 30.7.
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