Elon Musk's team is making big changes at the National Highway Traffic Safety Administration (NHTSA), the agency that keeps an eye on Tesla and other carmakers. NHTSA has recently reduced its workforce, which might affect its ability to oversee Tesla's safety issues. Musk has been vocal about his be
Nikola, an electric vehicle company, has hit a major roadblock. They've filed for Chapter 11 bankruptcy protection. This comes after months of warnings that they were running low on cash. It's a far cry from their heyday, when they were a Wall Street darling. Back in 2020, Nikola was valued at aroun
Tesla is facing a tough time with sales dropping for the first time ever. This isn't a big deal for most companies, but Tesla had been growing super fast. In 2023, sales went down by 1% and in January 2024, sales were down 24% from December 2023. This isn't surprising because Tesla usually has a big
Tesla's Autopilot system, launched in 2015, promised a semi-autonomous driving experience using existing vehicle hardware. However, on March 23, 2018, a tragic incident occurred when a Tesla vehicle, under Autopilot control, crashed into a divider at high speed, resulting in the driver's death. This
Imagine this: The State Department was all set to buy some fancy armored electric vehicles from Elon Musk's Tesla. The plan was for a whopping $400 million. But then, the Trump administration stepped in and hit the pause button. The reason? Some big news about the deal came out. At firs
The State Department has paused its plans to purchase armored electric vehicles. This decision comes after news broke that the $400 million contract was likely to be awarded to Tesla. Elon Musk, the CEO of Tesla, is a notable supporter of President Trump. The State Department quickly denied any favo
Tech companies are jumping into the health game. Apple is launching a new study to see how technology can boost our well-being. This isn't just about fitness trackers; it's about using tech to improve both our physical and mental health. Imagine your phone helping you manage stress or suggesting hea
The government's latest move involves pausing a massive EV charging infrastructure program. This $5 billion initiative has already been a big deal, with Tesla snagging at least $31 million from it. And here’s the twist, this isn’t just about the money; it’s a political tug of war. Tesla isn
Tariffs. They're a big worry for many businesses, especially Tesla. The electric car giant is super reliant on parts from all around the globe. But that's a problem. The company's top money expert just warned that new tariffs might shrink the company's earnings. The company's CFO, didn't
Tesla recently shared its financial report for the last quarter of 2024. The company, under the leadership of Elon Musk, saw a significant drop in profits. Compared to the previous year, Tesla's earnings fell from $7. 9 billion to $2. 3 billion, a notable decline. However, it's essential to remember
