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Tesla didn’t waste too much time adjusting the prices of the refreshed and improved 2024 Model 3 . Customers will rejoice, except obviously those who ordered one in the past couple of months. You see, the single-motor Model 3 RWD now carries a base MSRP of $50,990 instead of $53,990, …

Tesla reported a big drop in quarterly profits Tuesday amid an increasingly cutthroat electric vehicle market, but shares rallied as CEO Elon Musk pledged to accelerate plans for a more affordable EV. Tesla reported profits of $1.1 billion, down 55 percent from the year-ago quarter on revenues of $21.3 billion, …

Tesla has finally introduced the Performance variant of the updated 2024 Model 3 , calling it “a perfect, high-performance daily driver.” We’ll start with the newly tuned chassis, which includes the first use of adaptive dampers on a Model 3. Three modes can be selected—Standard, Sport and Track. The multi-sectioned …

Tesla is recalling 3,878 Cybertruck vehicles because of a defect that can cause unintentional vehicle acceleration, increasing crash risk, according to a US notice posted this week. Tesla notified the National Highway Traffic Safety Administration on April 17 of the condition in which the accelerator pedal may become trapped on …

Tesla has announced a big software update that it plans to roll out in the coming weeks, without being more specific about timing. Here’s what’s in store. First, as you can see on the picture above, the user interface will be revised on Model 3 and Model Y vehicles built …

Following a drop in deliveries in the first quarter of 2024, and with the growth in EV demand slowing considerably, Tesla is planning to slash its global workforce by more than 10 percent. CEO Elon Musk warned employees in a company email that has since surfaced online. “We have done …

Tesla reported an 8.5 percent drop in first-quarter auto deliveries, missing estimates from leading analysts and weighing on shares. Elon Musk's auto giant reported 386,810 deliveries over the period, reflecting in part a weak sales market in China, where it faces heavy competition from local electric vehicle (EV) makers. The …

It’s obviously not the first time Tesla is adjusting prices and it won’t be the last, but the latest move will probably get on the nerves of Model Y customers. On March 15, the company increased prices by $1,000 on two of the popular electric crossover’s trim levels—only six weeks …

Now that the Model 3 has finally been updated, and that the first Cybertrucks and Semis are on the road, Tesla can spend more time focusing on future vehicles. Company boss Elon Musk wrote on his X account in the past few hours that the production model of the new …

Just like it does every year in late February, the U.S. Insurance Institute for Highway Safety (IIHS) has released its list of the safest vehicles on the market. For 2024, even fewer names receive the top award. Why? Because the IIHS has once again strengthened its requirements, challenging manufacturers to …