On June 5, 2025, the feud sent Tesla stock tumbling 14% in a single session, wiping $150 billion off its market value. The sell-off drove shares to an intraday low of $284.70 amid fears that Musk's political fallout with Trump could dent the company's growth prospects. Instead, the episode marked the start of a three-month rally. By September 16, Tesla closed at $421.62, representing a 48% gain from the June nadir.
A well-known adage reminds us that corporate insiders and 10% owners really only buy shares of a company because they believe the stock price will rise and they want to profit from it. Thus, insider buying can be an encouraging signal for potential investors. This is all the more so during times of uncertainty in the markets, and even when markets are near all-time highs.
Tesla is recalling Powerwall 2 home batteries in Australia after the company received reports of fires that led to "minor property damage," according to the Australia Competition and Consumer Commission. The recall affects an unspecified number of Powerwall 2 units made in the U.S. and sold between November 2020 and June 2022. The cells were made by an unnamed third-party supplier. Despite the fires, no injuries have been reported, the ACCC said in a recall notice.
Tesla will boost production at its German electric car factory outside Berlin after seeing "very good sales figures." That's what the plant's manager, Andre Thierig, told German news agency DPA, quoted by . "We currently have very good sales figures and have therefore revised our production plans for the third and fourth quarters upwards," he said, without detailing what the old production and revised targets are.
Wall Street is rising toward more records on Monday at the start of a week that could show whether the U.S. stock market's big recent rally has been overdone or prescient. The S&P 500 rose 0.4% and was on track to top its latest all-time high, which was set last week. The Dow Jones Industrial Average was up 33 points, or 0.1%, as of 1:54 p.m. Eastern time, and the Nasdaq composite was adding 0.8% to its own record.
For example, CEOs that 60 years ago might have been making four to six times more than what the workers are receiving, the last figure I saw, it's 600 times more than what average workers are receiving," he said.
Tesla Inc. ( NASDAQ: TSLA) shares are nearly back to where they were on January 1. The stock is off only 1.9% from the start of 2025. They have surged 22% in the past three months. The rise from the lows of the period is improbable. Tesla sales have been weak in its three major markets, which are China, the United States, and the European Union. In China, it has more than a dozen local electric vehicle (EV) competitors. In Europe, sales are down by double-digit percentages this year. One reason is that there is controversy about Tesla chief Elon Musk's involvement with politics in the region.
As if Tesla ( NASDAQ TSLA) did not have enough problems with the US and EU, the cars it manufactures in China and exports to Mexico may soon face a 50% tariff. The problem is simple, according to Reuters, "All of Tesla's Model 3 and Model Y cars that were sold in Mexico since mid-2023 were manufactured in the company's Shanghai factory." While Mexico ranks No.12 in terms of total cars sold by country,
Tesla's Boombox Megaphone functionality allows drivers to project their voices from their vehicle's speaker system. There's already been a slew of folks who've demonstrated the feature in action, which is available to cars manufactured from 2019 on. But a Tesla driver recently used the feature to mess with employees at a Chick-fil-A drive-through and troll another customer in the process.
Tesla has quietly changed how it defines "Full Self-Driving," , in a way that awfully sounds like it's giving up on CEO Elon Musk's perennially pushed-back promise that its cars will actually drive themselves without human help. The change comes in a document outlining a potential and absolutely ludicrous $1 trillion compensation package for Musk that the Tesla board recently filed with the Securities and Exchange Commission.
Tesla currently lacks the proper permits to run a true ride-hail service, let alone a robotaxi network, in California. Instead, it's operating a more-limited charter service. Those are not supposed to involve any autonomous vehicle operations, though videos of the rides have shown that the company's drivers are using its Full Self-Driving (Supervised) software on the rides being offered. Tesla's FSD (Supervised) is an advanced driver assistance system with some automated driving features that requires the driver to pay attention.
Human remains were found in the trunk of a Tesla at a Hollywood tow yard Monday afternoon, according to authorities. ABC7 reported that the vehicle was registered to David Anthony Burke, a musician whose stage name is D4vd. The singer is expected to perform in Minneapolis Tuesday for his world tour. About 12:20 p.m. Monday, the Los Angeles Police Department responded to Hollywood Tow on Mansfield Avenue, according to Officer Charles Miller.
Tesla posted 14,300 insurance registrations in China during the week of September 1-7, a 14.4% increase from the previous week's 12,500 units. The figure marks Tesla's highest weekly performance so far this quarter so far, despite the company's year-over-year figures still being below 2024's numbers. The week's registrations broke down to 5,000 Model 3s and 8,400 Model Ys, including the first 900 units of the newly launched Model Y L variant, as per estimates from industry watchers.
Tesla's Supercharger Network is the world's most expansive electric vehicle charging network, with over 70,000 locations worldwide. EV owners can also access other networks, making the charging experience well-rounded and available at nearly every location imaginable. The company is now taking things a step further by launching "Supercharger for Business," a new way to enable fast-charging for Teslas and other EVs through stalls that are owned by you but managed by the company.
To nab the jaw-dropping pay package that could make Elon Musk the first trillionaire, the Tesla CEO first has to find his successor - eventually, anyway. Succession planning is rarely easy and often gets harder when it involves replacing a high-profile exec. Whoever eventually steps in to replace Musk will have a big job to do, leadership experts told Business Insider.
"Just in case no one told you," a text overlay in the video reads. Wehrly then records himself pressing his finger on the climate control toggle located on the bottom-left corner of the Tesla's infotainment display. Upon doing so, an animation of the vehicle's cabin air conditioning options populates the screen. Next, Zane then brings his finger toward a graphic of the vent blowing air into the front passenger's seat.