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.
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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.
Kyle Isbel hit a walk-off single in the ninth after his run-scoring hit fueled a two-run, eighth-inning rally and also made two excellent catches that likely saved a run, helping the Kansas City Royals beat the Detroit Tigers 4-3 for their sixth win in eight games.
Over the past few weeks, there has been a lot of controversy over the Oakland County Sheriff's Office using drones; however, Sheriff Mike Bouchard tells CBS Detroit that a terrifying scene outside of a domestic violence center might not have been resolved if it weren't for the technology.
A Canton Township, Michigan, woman is charged after authorities say she allegedly stole jewelry from someone for whom she was pet sitting.
Two people are facing charges after a 64-year-old man was attacked by three dogs while jogging earlier this year in Plymouth Township.
Melody Simmons is now charged with a misdemeanor after being forcibly removed from the podium.
According to the WARN notice from Fifth Third Bank, the layoffs are expected to happen between July 1 and November 2026 and will be permanent.
The city says they're now the ones testing this material before it ever leaves the source.
Kyle Isbel hit a walk-off single in the ninth after his run-scoring hit fueled a two-run, eighth-inning rally and also made two excellent catches that likely saved a run, helping the Kansas City Royals beat the Detroit Tigers 4-3 for their sixth win in eight games.
Over the past few weeks, there has been a lot of controversy over the Oakland County Sheriff's Office using drones; however, Sheriff Mike Bouchard tells CBS Detroit that a terrifying scene outside of a domestic violence center might not have been resolved if it weren't for the technology.
The main window for weather activity looks to open during the mid-to-late afternoon and persist through the evening hours.
Michigan's average diesel price on Sunday is $6 — the highest ever recorded by the American Automobile Association.
Ford Motor Company is recalling over 179,000 vehicles due to a front seat issue that can increase the risk of injury in a crash, the National Highway Traffic Safety Administration said.
A vote by UAW Local 2093 members will be on May 11. The UAW says that if approved, workers could walk out of the Three Rivers facility starting on May 31.
The organization says its executive committee will oversee operations and lead the search for the next leader, under the leadership of DADA president Katie Coleman and Auto Show chairman Lincoln Phillip.
General Motors has announced production investments at its sites in Romulus, Saginaw and Toledo.
With summer not far behind, the city of Detroit is preparing for the highly anticipated 2026 Ford Fireworks next month.
Motown may be Detroit's most famous sound, but it's far from the only one.
Gene Simmons visited Detroit Rock City to celebrate the grand opening of a restaurant co-founded by him and his Kiss bandmate Paul Stanley.
The moon music tradition started more than 50 years ago, NASA said as it shared the Artemis II crew's playlist this week.
Restaurants are being considered for the new Michelin Guide American Great Lakes Edition, set to be revealed in 2027.
Kyle Isbel hit a walk-off single in the ninth after his run-scoring hit fueled a two-run, eighth-inning rally and also made two excellent catches that likely saved a run, helping the Kansas City Royals beat the Detroit Tigers 4-3 for their sixth win in eight games.
Trial jurors said they couldn't agree on the more serious charge of murder, prompting the judge to declare a mistrial on that count.
Defense Secretary Pete Hegseth said in a statement that the documents "have long fueled justified speculation — and it's time the American people see it for themselves."
Hiring once again exceeded forecasts, with employers adding far more than the projected gains of 65,000.
A system that thousands of schools and universities use was offline due to a cyberattack.
Perfect Pair was founded by a University of Michigan student in 2020 to curb social isolation during the pandemic.
The insurance company's contract with the healthcare system ends on June 30, and negotiations for a new one have been unsuccessful so far.
Three passengers have been evacuated from a cruise ship hit by a hantavirus outbreak, as related cases are confirmed in Switzerland and South Africa.
The FDA announced its first authorization of fruit-flavored electronic cigarettes intended for adult smokers, a major policy shift after months of appeals to President Trump from the vaping industry.
The largest U.S. health insurer said it will eliminate approval requirements for some treatments, including select outpatient surgeries and other procedures.
Kyle Isbel hit a walk-off single in the ninth after his run-scoring hit fueled a two-run, eighth-inning rally and also made two excellent catches that likely saved a run, helping the Kansas City Royals beat the Detroit Tigers 4-3 for their sixth win in eight games.
Cade Cunningham had 25 points and 10 assists, Tobias Harris scored 21 and the Detroit Pistons beat the Cleveland Cavaliers 107-97 on Thursday night to take a 2-0 lead in their second-round series.
Pat Caputo, a longtime Detroit sports columnist whose work extends to newspapers, TV and radio, died on Thursday after a battle with cancer, his family shared on social media.
The Detroit Tigers' Triple-A manager says he was fired this week after sending an "inappropriate" text message to a female colleague.
After being overlooked for much of his career, Daniss Jenkins has played himself into a key role with the Detroit Pistons.
The roundtable discusses the impact of rising gas prices and friction at the federal level with Canada and the U.S., and how it affects tourism.
Life Directions has been helping guide and mentor young people in Detroit.
Robert Costa, the award-winning national correspondent for CBS Sunday Morning and chief Washington analyst for CBS News, talks about Michigan's role in this critical midterm election.
Diallo Smith, CEO of Detroit nonprofit Life Remodeled, talks about its new opportunity hub on the east side of Detroit called Anchor Detroit.
It's a look at the critical relationship between Canada, Michigan and the U.S. on this week's Michigan Matters.
A Sterling Heights, Michigan, woman says she's lucky to be alive after a violent crash caused her car to split in two.
Over the past few weeks, there has been a lot of controversy over the Oakland County Sheriff's Office using drones; however, Sheriff Mike Bouchard tells CBS Detroit that a terrifying scene outside of a domestic violence center might not have been resolved if it weren't for the technology.
Tension was high at the Taylor City Council meeting on Tuesday after a woman scolded the mayor and city officials for agreeing to work with the U.S. Immigration and Customs Enforcement.
According to the Detroit Fire Department, authorities received a tip from someone who saw the incident on the news and recognized the suspect. Details on the arrest were not immediately released.
Warmer air arrives Saturday with a storm risk in the afternoon before we clear and cool for Mother's Day.