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Tesla establishes its first African factory in Morocco

Tesla has officially announced its establishment in Morocco, marking the company’s first African factory in the free zone of Kénitra, near the Tanger Med port. This strategic project, previously kept under wraps, is valued at $5 billion and is expected to create around 25,000 jobs, with......

Elon Musk’s government role nearing an end amidst challenges

Elon Musk has recently hinted at stepping back from his governmental role, with President Donald Trump acknowledging that Musk will likely return to focus on his businesses soon. The Department of Government Efficiency (DOGE), a government initiative Musk has been involved with, is also facing an uncertain......

BYD surpasses Tesla in electric vehicle sales through innovation and competitive pricing

In a significant milestone for the electric vehicle (EV) industry, Chinese automaker BYD has overtaken its American rival Tesla in revenue for the year 2024. Reporting an impressive revenue of $107.2 billion, BYD has outpaced Tesla, which announced earnings of $97.7 billion. This pivotal moment marks......

Tesla Faces Decline in European Sales Amid Growing Backlash Against Elon Musk

Tesla’s sales in Europe experienced a significant drop of 49 percent in the first two months of 2025 compared to the same period in 2024, according to the ACEA manufacturers’ association. This decline can be attributed to several factors, including the aging of Tesla’s vehicle models.......

Tesla's Canadian dealerships accused of fraud over $43 million in EV rebates

Tesla is currently embroiled in serious allegations of fraud in Canada, as four of its dealerships face scrutiny after claiming an astounding $43 million in government rebates for electric vehicles (EVs) within just 72 hours. This rapid depletion of funds has led to the unexpected suspension of the country's......

Tesla faces plunging stock prices amid broader tech market decline

Tesla, the electric vehicle manufacturer, is facing significant turbulence in the financial markets. Its stock plummeted over 15% on the New York Stock Exchange, wiping out approximately $130 billion in market capitalization in a single session. This sharp decline marks a critical turning point for Elon......

Tesla faces backlash as anti-Musk sentiment escalates

Tesla is grappling with rising anti-Elon Musk sentiment, prompting some owners to disguise their vehicles out of fear of vandalism. Reports indicate a troubling increase in attacks on Tesla charging stations and cars, particularly in the United States and Europe. In a striking incident, seven Tesla......

Tesla faces steep decline in European markets as buyers shift preferences

Tesla experienced significant sales downturns across major European markets in January 2025, with declines ranging from 12% to 63% in key countries, amid growing competition and public response to CEO Elon Musk's political activities. This shift marks a notable change for the electric vehicle manufacturer......

Tesla's Cybertruck faces sales headwinds despite incentives

Tesla's ambitious Cybertruck is encountering significant market resistance, prompting the company to introduce multiple sales incentives for its distinctive electric pickup. Initially generating over 2 million expressions of interest during its 2019 unveiling, the actual market response since its......