Residents of Grünheide near Berlin have voted against expansion plans for the large Tesla facility there. But the vote is not binding and local authorities can still decide. Turnout was high, though, indicating interest.
US prosecutors say Elon Musk's carmaker Tesla was improperly disposing used lead acid batteries, antifreeze, paint and electronic waste across California.
Elon Musk cannot keep his "unfathomable" $56 billion pay package. The judge in the US state of Delaware ruled that the compensation of the Tesla chief executive was too much.
Tesla has told suppliers it wants to start production of a new mass market electric vehicle codenamed "Redwood" in mid-2025, according to four people familiar with the matter, with two of them describing the model as a compact crossover.
Amid an ongoing strike by its mechanics in Sweden over a refusal to sign a collective wage agreement, Tesla has also filed a lawsuit against the country's postal workers. They have blocked deliveries of licence plates for its new cars, in solidarity with workers at the electric vehicle maker. Also in this edition, Chinese fast fashion giant Shein files to go public in the US and China tries to convince international investors to keep their supply chains in the country.
One month after opening a Tesla factory in Berlin, tech enterprenuer and billionaire Elon Musk opened the newest electric car making facility in Austin, Texas.
9 Aug 2023
The German carmaker Volkswagen has clawed back the lead in domestic electric car sales from US competitor Tesla. However, both auto brands finished well ahead of their third place market rival.
25 Apr 2023
Electric vehicle maker Tesla reported a 24 percent rise in revenue in the first quarter of the year, while also seeing a 24 percent drop in profits. This follows a price-cutting drive in order to gain more market share in an increasingly competitive industry.