Tesla | DD News

April 23, 2026 3:10 PM

Tesla lifts 2026 spending plans by a quarter as Musk funds AI and robotic dreams

Tesla sharply raised its spending plan to more than $25 billion for the year as CEO Elon Musk pours money into artificial intelligence, robotics and chips - moves he said were "well justified" to build big future revenue streams. The EV maker's investors took a more skeptical view, pushing its stock down 2.4% after these remarks on a post-earnings call with analysts on Wednesday. The shares had risen as much as 4% after the bell as Tesla reported positive free cash flow in the first quarter. "...

April 1, 2026 10:52 AM

US eyes a swift end to war as fresh attacks hit Gulf states and Iran

U.S. President Donald Trump and his Secretary of State Marco Rubio said the end of the war on Iran could be near, with Washington signaling potential for both direct talks with Tehran's leadership and a winding down of the conflict even without a deal. The remarks underscored the shifting and at times contradictory timelines and statements from Washington about how and when the war, now in its fifth week, might end. "We'll be leaving very soon," Trump told reporters at the White House on Tuesd...

November 7, 2025 9:11 AM

Elon Musk’s $1 trillion Tesla pay plan wins shareholder approval

Tesla CEO Elon Musk won shareholder approval on Thursday for the largest corporate pay package in history as investors endorsed his vision of morphing the EV maker into an AI and robotics juggernaut. The proposal was approved with over 75% support, and Musk bounded to the stage of the company's annual meeting at its factory in Austin, Texas, accompanied by dancing robots. Musk, already the world's richest person, could get as much as $1 trillion in stock over the next decade, although requir...

October 6, 2025 10:24 AM

Tesla teases Tuesday event as focus shifts to affordable EVs

Tesla on Sunday teased an October 7 event, as investors and analysts await a more affordable model to sustain sales momentum. In a nine-second video posted on social media platform X, the Elon Musk-led automaker showed a vehicle with its headlights illuminated in a dark setting. The company hinted at an event scheduled for Tuesday in a separate video that had "10/7" at the end. Tesla has previously delayed rolling out a lower-cost version of the Model Y in the United States. The company said i...

September 5, 2025 4:17 PM

Maharashtra Transport Minister becomes first Tesla Model Y owner in India, vows to raise awareness about EVs

Maharashtra Transport Minister Pratap Sarnaik on Friday became the first official Tesla Model Y owner in India, marking a symbolic step towards promoting electric vehicles (EVs) in the state. Sarnaik, who purchased the car just a day after the company opened its first showroom in Mumbai, said he bought it to inspire people — especially the youth — to embrace sustainable transportation. Speaking to the media outside the newly inaugurated Tesla showroom at Maker Maxity Mall in Bandra-Kurla Co...

August 27, 2025 1:15 PM

Musk’s lawyers try to stop OpenAI obtaining bid documents from Meta, filing shows

Lawyers for Elon Musk have asked a U.S. judge to block ChatGPT-owner OpenAI from obtaining documents from Meta Platforms related to a previous $97.4 billion bid for OpenAI's assets, a court filing showed. OpenAI said last week Musk had tried to enlist his rival Mark Zuckerberg in his bid for the AI company earlier this year, but that the Meta boss did not come on board. OpenAI then requested the judge to order Meta to produce documents and communications related to any bid for the company. Met...

August 8, 2025 3:20 PM

Tesla to streamline its AI chip design work, Musk says

Tesla will streamline its AI chip research to focus on its development of inference chips used to run AI models and make real-time decisions, CEO Elon Musk said, after a media report he had ordered the closure of the in-house Dojo supercomputer team. Bloomberg News on Thursday cited people familiar with the matter as saying Musk had ordered the Dojo team to be disbanded, with team leader Peter Bannon departing the company. Tesla did not reply to a Reuters request for comment. The Dojo superco...

July 25, 2025 9:24 AM

Trump says he wants Musk and his companies to thrive in US

President Donald Trump said on Thursday he would not destroy Elon Musk's companies by taking away federal subsidies and that he wants the billionaire tech entrepreneur's businesses to thrive. The remarks follow a public clash with his former close ally over his tax bill. In July, the space and automotive billionaire announced the formation of a new political party, saying Trump's "big, beautiful" tax bill would bankrupt America. "Everyone is stating that I will destroy Elon's companies by taki...

July 7, 2025 10:26 AM

Trump calls Musk’s formation of new party ‘ridiculous’ and criticizes his own NASA pick

President Donald Trump on Sunday called Elon Musk's plans to form a new political party "ridiculous," launching new barbs at the tech billionaire and saying the Musk ally he once named to lead NASA would have presented a conflict of interest given Musk's business interests in space. A day after Musk escalated his feud with Trump and announced the formation of a new U.S. political party, the Republican president was asked about it before boarding Air Force One in Morristown, New Jersey, as he re...

July 2, 2025 3:09 AM

Trump escalates feud with Musk, threatens Tesla, SpaceX support

U.S. President Donald Trump on Tuesday threatened to cut off the billions of dollars in subsidies that Elon Musk's companies receive from the federal government, in an escalation of the war of words between the president and the world's richest man, one-time allies who have since fallen out. The feud reignited on Monday when Musk, who spent hundreds of millions on Trump's re-election, renewed his criticism of Trump's tax-cut and spending bill, which would eliminate subsidies for electric vehicl...