The automaker said it would delay new battery-powered models and shift its focus to hybrid cars, sales of which are rising fast.
Category: Tesla Motors Inc
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What Tesla’s Troubles Signal for the Electric Vehicle Market
The carmaker’s disappointing results point to slowing demand and a “sharp deterioration in growth” that extends beyond Elon Musk’s company.
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Tesla’s Sales Fell in First Quarter as Competition Intensified
Sales of the company’s electric cars dropped in the first three months of the year.
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Renault’s Chief Calls for Airbus-Style E.V. Alliance
The latest proposal comes from Luca de Meo, the C.E.O. of Renault Group, who is pushing for an Airbus-inspired alliance that would help European automakers fend off competition from cheaper Chinese-made electric vehicles.
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Why Elon Musk Needs China
Mr. Musk helped create China’s electric vehicle industry. But he is now facing challenges there as well as scrutiny in the West over his reliance on the country.
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Tesla’s Pivot to China Saved Musk. It Also Binds Him to Beijing.
Tesla and China built a symbiotic relationship, with credits, workers and parts that made Mr. Musk ultrarich. Now, his reliance on the country may give Beijing leverage.
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U.S. Accuses Two Men of Stealing Tesla Trade Secrets
Federal prosecutors said the pair tried to sell technology to manufacture batteries for electric cars that belonged to the company.
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Tesla’s Troubles Raise Questions About Its Invincibility
As the share price plunges, investors wonder whether the company, led by Elon Musk, can withstand intensifying competition.
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Tesla Settles Discrimination Suit With Former Factory Worker
The carmaker and energy company settled with a Black man who had worked at its California factory and had won a $3 million judgment against the company.
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Toyota’s Hybrid-First Strategy Is Delivering Big Profits
Toyota, the world’s largest automaker, has been criticized for selling few electric vehicles, but its decision to focus on hybrids is paying off financially.