As EV sales slump, Tesla shares relinquish a year's worth of gains
Tesla's stock price has tumbled 39% this year amid concerns about the electric vehicle maker's slowing growth.
Tesla's stock price has tumbled 39% this year amid concerns about the electric vehicle maker's slowing growth.
"It must be done," Tesla CEO Elon Musk said in a memo about the layoffs sent to employees on Sunday.
Tesla accounted for 80% of electric vehicle sales in the U.S. in 2020, but that figure fell to 55% last year.
The U.S. has a record 813 billionaires — the most of any country.
Elon Musk defended his use of the drug in an interview with Ex-CNN host Don Lemon, pointing to his leadership of Tesla.
Today's test flight of the SpaceX Super Heavy-Starship rocket follows two launches last year that were only partially successful.
Splashdown in the Gulf of Mexico closed out a 199-day mission spanning 3,184 orbits and 84.4 million miles.
Jeff Bezos has regained his spot as the richest person in the world, barely beating out now former No. 1 Elon Musk on the Bloomberg Billionaires Index.
SpaceX launched three Falcon 9 rockets within 20 hours, including two Monday just one hour and 50 minutes apart.
Lawsuit accuses OpenAI of abandoning its mission to benefit humanity in favor of pursuing its commercial interests.
The spacecraft's instruments will study how Earth's oceans, atmosphere and land masses interact and how that interaction impacts climate change.
Actress Gina Carano, with financial backing from Elon Musk, on Tuesday sued Lucasfilm and its parent The Walt Disney Co. over her 2021 firing from "The Mandalorian."
Factory workers at Tesla have been told to expect pay raises this year.
Labor officials allege SpaceX illegally dismissed workers who publicly condemned Elon Musk's tweets as an "embarrassment."
Steep price cuts helped electric vehicle maker Tesla Inc. increase its fourth-quarter vehicle sales by almost 20% as EV sales growth slowed across the industry.
Tesla founder has earmarked $100 million to start the institutions, which will initially launch as a primary and secondary school.
Alex Jones, the conspiracy theorist known for his fake news site InfoWars and his false denial of the Sandy Hook massacre, was permanently banned from Twitter in 2018.
The billionaire owner of X took a defensive tone, saying that "the whole world will know that those advertisers killed the company."
Entering contract talks with Detroit's three automakers, Shawn Fain set lofty expectations for what he could gain for his union members — and delivered on many of them.
Federal prosecutors have expanded investigations into Tesla beyond the electric vehicle maker's partially automated driving systems, and they have issued subpoenas for information instead of simply requesting it.
A group of rabbis, academics and activists said the behavior of owner Elon Musk has allowed "a new stage in antisemitic discourse" to "spread like wildfire" on the social media site.
Elon Musk said the monthly fee to use X, formerly known as Twitter, would be a "small amount of money."
The "iPhone of robots" could soon work alongside humans in warehouses and manufacturing plants, according to electronics maker Apptronik.
The social media platform also plans to gather information on users' jobs and education histories.
Tesla is letting some drivers use its Autopilot driver-assist system for extended periods without making them put their hands on the steering wheel, a development that has drawn concern from U.S. safety regulators.
The mother of two young siblings who were killed after a vehicle crashed into a Michigan boat club during a birthday party is suing the suspect, who is accused of drunk driving.
Marshella Chidester, 66, is suspected to have been driving drunk when she allegedly crashed into a building at the Swan Boat Club property, killing two children.
Whether it's a new household cleaning product, a snack from the frozen food section, or even some leggings from the clothing section, the list of products popular at the warehouse retail store range widely.
Rain showers possible through the day Tuesday with windy conditions.
A 69-year-old man from Beverly Hills, Florida, was killed in a single-vehicle crash in Monroe County Monday night.
Marshella Chidester, 66, is suspected to have been driving drunk when she allegedly crashed into a building at the Swan Boat Club property, killing two children.
The mother of two young siblings who were killed after a vehicle crashed into a Michigan boat club during a birthday party is suing the suspect, who is accused of drunk driving.
Antisemitic chants and even threats against Jewish students have brought the tension of the Middle East onto U.S. college campuses.
Whether it's a new household cleaning product, a snack from the frozen food section, or even some leggings from the clothing section, the list of products popular at the warehouse retail store range widely.
Rain showers possible through the day Tuesday with windy conditions.
Workers at Mercedes-Benz factories near Tuscaloosa, Alabama, will vote next month on whether they want to be represented by the United Auto Workers union.
After leading the United Auto Workers on its historic strike against the Detroit Three automakers, Shawn Fain has been named on Time's list of the most influential people of 2024.
General Motors and real estate firm Bedrock announced Monday the automaker's headquarters will move to the Hudson's Detroit development in downtown Detroit from the Renaissance Center.
With U.S. electric vehicle sales starting to slow, Ford Motor Co. says it will delay rolling out new electric pickup trucks and a new large electric SUV as it adds gas-electric hybrids to its model lineup.
New vehicle sales in the U.S. rose nearly 5% from January through March, as buyers stayed in the market despite high interest rates.
Mary J. Blige, Cher, Foreigner, A Tribe Called Quest, Kool & The Gang, Ozzy Osbourne, Dave Matthews Band and Peter Frampton have been named to the Rock & Roll Hall of Fame.
"Ultimately we think this is a better approach that reflects the evolution of the business," Netflix Co-CEO Greg Peters said on an earnings call.
Anticipation was growing at a fever pitch before Taylor Swift's latest album, "The Tortured Poets Department," dropped at midnight EDT. But it turned out it's actually a double album.
Guitar legend Dickey Betts, who co-founded the Allman Brothers Band and wrote their biggest hit, "Ramblin' Man," has died.
Charli XCX and Troye Sivan are teaming up to co-headline an arena tour across North America, which will kick off here in Detroit.
Antisemitic chants and even threats against Jewish students have brought the tension of the Middle East onto U.S. college campuses.
Follow live updates as former President Donald Trump's criminal trial resumes in New York.
Laura Kowal's match on an online dating site wasn't what he seemed. Now her daughter is on a mission to expose the risk of romance scams: "It could happen to anybody."
A bill that could ultimately ban TikTok in the U.S. will soon head for a vote in the Senate. Here's what experts say to expect next.
Millions of Americans filed their taxes during the last two weeks of this year's tax season. Here's how to find out when you'll get your refund.
The Michigan Legislature is considering two bills that could make getting access to hormonal birth control a little easier.
Health officials are warning consumers not to consume Infinite Herbs basil sold at some Trader Joe's and Dierberg's stores after 12 people were sickened.
Organic option is best when buying certain produce, especially blueberries, nonprofit group says in analysis of chemical residues.
MDARD officials say the virus, which was first detected in Michigan in 2022, was found in Newaygo County, making it the seventh flock in the state in the last two years.
The $872 million most likely excludes any amount UnitedHealth may have paid to hackers in ransom.
Over the next 72 hours, the NFL is unpacking and installing all the equipment fans will enjoy when the gates open at noon on Thursday..
Gov. Gretchen Whitmer has proclaimed April 22 to 28 as NFL Draft week in Michigan.
Teams from across the Motor City and beyond took to the pool lanes of the WSU natatorium.
Detroit City FC returns to USL Championship action this Saturday at Keyworth Stadium as they prepare to host Oakland Roots SC.
Michigan State is breaking in a new football coach and quarterback this year.
The Motor City is putting the final touches in place for the 2024 NFL Draft as it rolls into Detroit next week.
Michael Bickers, Regional President of PNC Southeast Michigan/Detroit, and Eric Poe, CEO of CURE Auto Insurance, appeared on CBS Detroit's Michigan Matters.
Businesses across Michigan are feeling optimistic about the future after weathering the historic 100-year health pandemic that impacted every company in one way or another.
Three leaders talked about how the region is doing to help people deal with mental health issues.
The issue of abortion and IVF was also discussed during the roundtable, along with thoughts on how they might sway voters this fall.
Drying out and cooling down tomorrow.
The victims who were killed by a suspected drunk driver who crashed into a birthday party at a boat club in Monroe County have been identified as 8-year-old Alanah Phillips and 4-year-old Zayn Phillips; the father of an 8-year-old boy has been charged after his son shot himself in the head last week and more on the latest top stories.
Hundreds of thousands of people are making their way to Detroit for the 2024 NFL Draft, and the city is rolling out the red carpet for football fans. Locals want tourists to know they are welcome, and they hope they will check out all the city has to offer.
Students have created an encampment on the University of Michigan's Diag while they call for the university to divest in companies they say are financially supporting Israel.
The Detroit Police Department is searching for a driver in connection with a hit-and-run incident that injured a motorcyclist last month.