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.
Crews will complete repairs on a sinkhole in Oakland County after a 12-inch collapsed sewer.
Expanded federal overtime rule could result in employers paying workers an additional $1.5 billion, according to one estimate.
Hundreds of thousands of people are making their way to Detroit for the 2024 NFL Draft. Some will be coming by private plane.
Restaurants, bars and small businesses in Detroit are getting ready to greet the thousands of people who will hit the city for the NFL Draft.
James and Jennifer Crumbley, the parents of the Oxford High School shooter, obtained appointed appellant attorneys after being sentenced to 10 to 15 years in prison for involuntary manslaughter.
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.
Crews will complete repairs on a sinkhole in Oakland County after a 12-inch collapsed sewer.
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.
Expanded federal overtime rule could result in employers paying workers an additional $1.5 billion, according to one estimate.
Hundreds of thousands of people are making their way to Detroit for the 2024 NFL Draft. Some will be coming by private plane.
Despite a small dip in U.S. vehicle sales, General Motors' first-quarter net income rose more than 25% on strong deliveries of pickup trucks and other higher-profit vehicles.
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.
From art and architecture to entertainment, the Motor City is at the centerpiece of the draft.
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.
Expanded federal overtime rule could result in employers paying workers an additional $1.5 billion, according to one estimate.
Jurors in former President Donald Trump's trial in New York heard testimony from a former media executive about his efforts to bury negative stories about Trump before the 2016 presidential election.
Ryan Watson could face at least 12 years in prison in Turks and Caicos after airport security allegedly found four rounds of hunting ammo in his carry-on.
Regulators prohibit new noncompetes, which impede millions of U.S. workers from getting a better job.
Over 100 victims of Larry Nassar, who was convicted of sexual abuse and child pornography, will receive a settlement from the Justice Department.
UnitedHealth said it paid the criminals behind attack that crippled hospitals and pharmacies to protect sensitive patient data.
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 NFL draft has taken the show on the road for a decade, giving cities around the country a chance to be in the spotlight.
Employees of the company tasked with rapidly personalizing jerseys for each first-round NFL draft pick as they are announced don't need to travel very far for this year's player selections in Detroit.
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.
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.
Several road closures are in effect in Detroit as the NFL Draft is just one day away; bond was set at $1.5 million for Marshella Chidester, 66, the woman accused of crashing into a Monroe County boat club and killing two children and more on the latest top stories.
Drying out and cooling down for the next couple of days.
Hundreds of thousands of people are making their way to Detroit for the 2024 NFL Draft. Some will be coming by private plane.
Restaurants, bars and small businesses in Detroit are getting ready to greet the thousands of people who will hit the city for the NFL Draft.
Food Network's "24 in 24: Last Chef Standing" is underway, and two people from Michigan are competing. One of them is executive chef Gabriella Baldwin, who joined CBS News Detroit to talk about the experience.