Tesla reported a record year in China with sales exceeding 657,000 vehicles in 2024, representing an 8.8% increase compared to the previous year. Despite this strong performance in the world’s largest auto market, global Tesla deliveries fell for the first time, falling 1.1% year-on-year to 1.79 million vehicles. China accounted for 36.7% of Tesla’s global … Read more
A Delaware judge has allowed Elon Musk and Tesla to begin legal challenges to reinstate the CEO’s $56 billion pay package, the largest in the company’s history. Counsel Kathleen McCormick of the Delaware Court of Chancery issued an order Friday, opening a 30-day window to appeal to the Delaware Supreme Court. The appeal challenges McCormick’s … Read more
JP Morgan Chase & Co. agreed. to drop its lawsuit against Tesla Inc. Valued at $162 million after a three-year legal dispute over stock guarantees. The two companies announced the decision on Friday in a lawsuit in Manhattan, where they agreed to dismiss their claims against each other without the option of refiling the lawsuit. … Read more
Tesla CEO Elon Musk rides a Tesla robot car at an unveiling event in Los Angeles, California, US on October 10, 2024 in this still image taken from a video. – Reuters Tesla CEO Elon Musk showed off a two-door, gull-wing-shaped robotaxi with no steering wheel or pedals at a splashy event on Thursday, adding … Read more