Tesla profits slid after it repeatedly cut vehicle prices
Electric car maker's earnings have fallen sharply following a series of price reductions across its model lineup.
Watch CBS News
Electric car maker's earnings have fallen sharply following a series of price reductions across its model lineup.
The Nissan Leaf and Volvo S60 join a longer list of EVs that have been kicked off the U.S. Treasury Department's list.
Tom Narayan, the lead equity analyst for Global Autos at RBC Capital Markets, joins CBS News' Lilia Luciano and Tony Dokoupil to discuss why automakers are rolling out more electric vehicles and who is eligible for tax credits connected to their purchase.
The Biden administration on Wednesday proposed strict new tailpipe pollution standards that would effectively force auto manufacturers to accelerate their production of electric vehicles. Under the EPA's proposal, 67% of all vehicles manufactured in the U.S. would be electric by 2032. Ben Tracy has the details.
In a statement, EPA administrator Michael Regan called the new regulations the "the most ambitious pollution standards ever for cars and trucks."
Strict new automobile pollution limits to be unveiled this week would require at least 54% of new vehicles sold in the U.S. to be electric by 2030.
Even with tax credits, it could be difficult to persuade drivers to ditch their gas-burning cars and trucks.
Those requirements apply to a $7,500 tax credit.
The sweeping energy package counters virtually all of President Biden's agenda to address climate change.
Losses are mounting in the automaker's electric vehicle business, but it says profits are on the horizon.
Sales of electric vehicles doubled in 2022, and a host of new models are hitting the showroom floor.
Automaker says the Challenger SRT Demon 170 will pack over 1,000 horsepower and outpace electric supercars.
Some of these models will qualify for federal tax credits that now require American assembly and parts sourcing.
The move is part of the agency's goal to have a fleet of 66,000 electric vehicles deployed by 2028.
Tesla's Model 3 is $43,000 while new cars sold for an average $49,388 in January, according to Kelley Blue Book.
The outlet recommends Ford's Maverick Hybrid for anyone with an active lifestyle and Kia's Telluride for infotainment lovers.
The Michigan automaker began selling the much-anticipated EV last year and has sold 15,617 of them as of December.
The Biden administration announced rules for EV chargers and new commitments from Tesla, GM and others.
Some electric car owners around the U.S. have experienced sticker shock charging their vehicles. Here's why.
"The EU's self-sufficiency and independence from Russia and China will begin in the mine," said Sweden's energy and business minister.
"There is no excuse for the internal combustion engines' unnecessary pollution when the climate crisis is so urgent," says the head of the country's EV association.
Electric vehicles' share of the market has doubled since 2021; experts estimate there will soon be 159 different EV models. But while Tesla makes up 65% of the U.S. EV market, their share has dropped steadily, with Ford and General Motors forecast to pass Tesla in market share by 2025. Correspondent Kris Van Cleave talks with auto industry expert Tim Stevens about the future of EVs.
The Treasury chief told CBS News she expected inflation to ease thanks to a "resilient" U.S. economy, and said Biden's shift to EVs would become "less reliant on China."
"Toyota, Volkswagen and other leading automakers are on a collision course with the climate," Greenpeace says.
"Where is the scientific data that says this is safe?" said Melanie Benjamin, who leads the executive branch of an American Indian tribe in Minnesota.
President Trump held a meeting with key advisers on Friday to hammer out a "final determination" on a potential deal with Iran, but no word has come on a decision.
A new Colombian president could be elected Sunday, but the election is likely to head to a runoff in June.
A Laos rescue organization said that the water level inside the cave had receded enough for the four miners to leave with divers.
The health organization said latest official figures showed 906 suspected cases and 223 suspected deaths.
A judge blocked the Kennedy Center from closing its doors during renovations, and ruled that its board acted unlawfully by adding President Trump's name to the building. The president reacted by saying he wants Congress to take it over.
Last year, Hegseth called China a "threat" to Taiwan and said an attack might be "imminent."
Jill Biden said she supported Joe Biden's decision to pardon their son, Hunter, because they couldn't let him go to jail under President Trump.
A judge signaled she may reopen a case between President Trump and his own government that led the DOJ to create a $1.776 billion "anti-weaponization fund," ordering the president's lawyers to respond to allegations of "deception" and "fraud."
The head of the U.S. military's Southern Command met Friday with top Cuban military officials at the edge of Guantanamo Bay, a rare meeting as President Trump heaps pressure on Cuba and does not rule out military action.
The Muckleshoot tribe's ties to salmon are rooted in spirituality and history.
Last year, Hegseth called China a "threat" to Taiwan and said an attack might be "imminent."
President Trump's physician said in a letter released Friday that the president is in "excellent health," following a physical earlier this week at Walter Reed National Military Hospital.
The strikes are part of a monthslong campaign against alleged drug boats traversing the Caribbean Sea and eastern Pacific.
Earlier this year, the CDC announced updated recommendations that would reduce the number of recommended immunizations for children from 17 to 11.
Consumers have kept the economy chugging along despite financial pressures. But some signs suggest they could be losing steam, experts say.
Experts point to several factors, from tariffs to weather, behind the rapid price increase in the humble tomato.
Southwest is walking back some recent changes in its policies for passengers who require a second seat.
The rush to build thousands of U.S. data centers is driving demand for some workers, though economists project fewer permanent jobs.
The department said it is preparing for the banknote in response to legislation proposed last year.
President Trump's physician said in a letter released Friday that the president is in "excellent health," following a physical earlier this week at Walter Reed National Military Hospital.
The strikes are part of a monthslong campaign against alleged drug boats traversing the Caribbean Sea and eastern Pacific.
Earlier this year, the CDC announced updated recommendations that would reduce the number of recommended immunizations for children from 17 to 11.
The federal prosecutor who signed an indictment accusing former FBI Director James Comey of threatening President Trump by posting an image of seashells arranged as "86 47" is no longer on the case.
Jill Biden said she supported Joe Biden's decision to pardon their son, Hunter, because they couldn't let him go to jail under President Trump.
Candace Tucker thought her symptoms were benign. A colonoscopy led to an alarming diagnosis.
Earlier this year, the CDC announced updated recommendations that would reduce the number of recommended immunizations for children from 17 to 11.
U.S. government plans to open a quarantine center for Americans exposed to Ebola on an air base in Kenya have been temporarily halted by a court order.
Infectious disease specialists say the viruses are unlikely to become pandemics, but some are still raising concerns about the federal health response.
The Trump administration announced plans to set up an Ebola quarantine and treatment center in Kenya for Americans exposed to the deadly virus overseas. Secretary of State Marco Rubio is now saying no Ebola patients will be allowed into the U.S. Mark Strassmann reports.
The health organization said latest official figures showed 906 suspected cases and 223 suspected deaths.
A new Colombian president could be elected Sunday, but the election is likely to head to a runoff in June.
Last year, Hegseth called China a "threat" to Taiwan and said an attack might be "imminent."
A Laos rescue organization said that the water level inside the cave had receded enough for the four miners to leave with divers.
When Trump visited China earlier this month, Chinese President Xi Jinping warned him that Taiwan could become a "very dangerous situation" if mishandled.
Four more miners in Laos were freed from the cave they were trapped in for 10 days, while 2 remain missing, rescuers say. Meanwhile, uncertainty remains over an Iran ceasefire.
Peter Frampton, a multi-Grammy Award-winning guitarist and rock legend sits down with "CBS Saturday Morning" ahead of his Saturday Sessions performance to discuss his first original album in 16 years and the challenges that helped shape it.
Peter Frampton is best known for his smash hits "Show Me the Way" and "Do You Feel Like I Do." Now, the multi-Grammy Award-winning guitarist and singer-songwriter is out with his first original album in 16 years, "Carry the Light." Here's Peter Frampton with "Lyin'."
Peter Frampton is best known for his smash hits "Show Me the Way" and "Do You Feel Like I Do." Now, the multi-Grammy Award-winning guitarist and singer-songwriter is out with his first original album in 16 years, "Carry the Light." Here's Peter Frampton with "Buried Treasure."
A new movie titled "Dreams of Violets," with images fully generated by artificial intelligence, is set to premiere next month. Jo Ling Kent reports on the film made with no lights, no cameras and no actors.
Last week, President Trump was expected to sign an executive order on artificial intelligence, but abruptly postponed the event. Politico White House reporter Diana Nerozzi joins to examine what happened.
Dating apps are matching up with artificial intelligence as romance-seekers demand new ways to find love. Venture capitalist Matt Shumer joins "CBS Mornings" with more details.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Pope Leo has released the first encyclical of his papacy, focusing on humanity and, in part, warning of the risks posed by the growing use of artificial intelligence. The message comes amid growing dissent among young people over AI. Nicholas Thompson, CEO of The Atlantic, joins to discuss.
A Google employee has been arrested for allegedly using insider information to make $1 million on Polymarket. Dustin Gouker, publisher of the Event Horizon newsletter on prediction markets, joins CBS News to discuss.
The new species, named Microeledone galapagensis, has a blue hue, which is believed to be the rarest color in nature.
The Pentagon has released another batch of never-before-seen files on reported UFO sightings. CBS News senior national security correspondent Charlie D'Agata reports.
The 2026 Atlantic hurricane season is quickly approaching, and the National Oceanic and Atmospheric Administration is releasing its forecast for what to expect.
The pictures represent the longest-distance ever seen between two pictures of the same humpback whale, researchers said.
Independent scientists say the technology, while impressive, lacks some components to be truly considered an artificial egg.
Former Attorney General Pam Bondi was heckled by Epstein abuse survivors before she entered a closed-door interview to testify for House Oversight Committee members about the Justice Department's Epstein probe. CBS News' Jake Rosen reports.
Former Attorney General Pam Bondi is testifying privately before members of the House Oversight Committee on the botched Justice Department rollout of the Epstein files. CBS News' Caitlin Huey-Burns reports.
Police in Canada and around the world have been investigating more than 100 suicides linked to Kenneth Law.
A federal judge has temporarily blocked the Justice Department from moving forward with work on the new "anti-weaponization" fund, including making any payouts. CBS News' Ed O'Keefe reports.
The Department of Justice is investigating the outside funding that Trump accuser E. Jean Carroll received for her civil lawsuits against the president. CBS News' Katrina Kaufman reports.
Blue Origin assess the impact of Thursday's New Glenn explosion, prompting concern about NASA moon program delays.
A rare blue micromoon will appear in night skies this weekend. Here's what to expect.
Jeff Bezos' Blue Origin, Astrolab, Lunar Outpost and Firefly Aerospace are awarded with hundreds of millions of dollars in NASA contracts for the first phase of its moon base plans.
China has launched the Shenzhou 23 spacecraft with three astronauts heading to its space station.
Perfecting SpaceX's mammoth rocket will be critical to NASA's plans for returning astronauts to the surface of the moon.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Four more miners in Laos were freed from the cave they were trapped in for 10 days, while 2 remain missing, rescuers say. Meanwhile, uncertainty remains over an Iran ceasefire.
Peter Frampton, a multi-Grammy Award-winning guitarist and rock legend sits down with "CBS Saturday Morning" ahead of his Saturday Sessions performance to discuss his first original album in 16 years and the challenges that helped shape it.
Rome's newest subway stop underneath the Colosseum offers commuters a unique way to view ancient artifacts.
Kidilum is one of New York's hottest new food spots. At its heart is head chef Vinu Raveendran, whose journey through renowned kitchens around the world has informed Kidilum's New York take on South Indian cuisine.
"CBS Saturday Morning" meets members of the Muckleshoot tribe, also known as the Salmon People, to learn why protecting salmon in the Pacific Northwest and passing on their fishing traditions is about spirituality as much as it is food.