Tesla, which previously enjoyed unopposed domination in the electric vehicle revolution, is experiencing a threat in its domestic market. As the U.S. demand collapses due to the expiration of the federal tax credit on electric vehicles, the company has unveiled a new, unexpected type of strategy: short-term car rentals. The step is a considerable...

Recently, a Tesla Model 3 validation vehicle for the upcoming Robotaxi service has been spotted in Buttonwillow, California. The remote town, located 250 miles south of San Francisco, is the recent testing ground for what may be the biggest invention in the history of personal transportation: Tesla’s fully autonomous ride-hailing network. The prototype is an...

Tesla has released new data that has the potential to redefine the future of autonomous driving. The company claims that cars equipped with its Full Self-Driving (Supervised) system have 85% fewer crashes, 35,000 fewer deaths, and 2 million fewer injuries than in normal human driving. This new data from Tesla supports the old statement by...

Tesla is speeding up its move toward autonomous ride-hailing, with the company making its Robotaxi service available in five additional large U.S. cities: Las Vegas (Nevada), Phoenix (Arizona), Dallas (Texas), Houston (Texas), and Miami (Florida). The pilot project is a significant step towards Tesla developing a nationwide driverless transport network it constructs using its...

Making a historic move that establishes Elon Musk as one of the most influential players in corporate history, Tesla shareholders have ratified a performance-based compensation plan worth almost $1 trillion. The authorization, announced at Tesla's annual shareholder meeting in Austin, Texas, exemplifies one of the largest executive compensation packages ever awarded and indicates that investors...