Tesla shares have fallen 25% year-to-date, reflecting a broader decline in pure-play electric vehicle stocks like Rivian and Lucid, while traditional automakers like General Motors have held steady or gained. This divergence is driven by rising long-term Treasury yields, which increase discount rates on growth stocks, and concerns over heavy AI-related capital expenditures reported among top tech firms. The broader tech market remains relatively strong, highlighting that the EV sell-off is specific to the sector. Investors should watch for further impacts from interest rates and AI spending news, as well as whether thematic EV funds face redemptions that could deepen the downturn.
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Amazon's subsidiary Zoox is expanding its fully driverless robotaxi service to San Francisco and Las Vegas, directly competing with Tesla's autonomous vehicle ambitions. Zoox operates without safety drivers, while Tesla is still transitioning to remo...
Elon Musk publicly denied reports that Tesla is preparing to spin off or sell its China operations, calling the news "absurdly fake." However, Tesla has been building operational and technological separations between its China unit and the rest of th...
Swedish electric trucking company Einride announced plans to purchase 500 Tesla Semis, which will be integrated into its fleet over the next 24 months starting in September. This move will triple Einride's current fleet size and enhance its Saga AI f...
CNBC compared Tesla's Full Self-Driving (FSD) system with Rivian's Autonomy+ and found Tesla's system superior, especially in non-highway and point-to-point driving. Rivian's system, which offers features like automatic parking and on-ramp to off-ram...
