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Sales of Tesla’s Cybertruck have plummeted from their peak last year, to the point that the hulking (and expensive) GMC Hummer EV outsold the polarizing steel-clad curiosity in the second quarter.
The hype is dead. The Tesla Cybertruck, once billed as the future of electric vehicles, is now looking like a commercial bust.
Tesla faces three more trials over fatal Autopilot crashes in the next nine months in California. It’s also scheduled to go to trial in Houston over a case brought on behalf of five police officers badly injured on the side of a freeway when a Tesla on Autopilot plowed into a parked squad car at 70 miles (113 kilometers) per hour.
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Ross Gerber told BI that "there's nothing good for Tesla" in Trump's budget bill, and the stock should be trading more in line with mega-cap peers.
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A federal court in Miami began considering Monday whether Elon Musk's car company should share blame for the death of a stargazing university student after a runaway Tesla sent her flying 75 feet through the air and severely injured her boyfriend.
Tesla's new robotaxi geofence in Austin cuts across that of Waymo's and has a phallic shape.
ARK Invest bought Tesla stock on Tuesday, about a week before the electric-vehicle maker reports second-quarter earnings.