Tesla plans to lay off more than 10% of workforce as sales slump
"It must be done," Tesla CEO Elon Musk said in a memo about the layoffs sent to employees on Sunday.
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"It must be done," Tesla CEO Elon Musk said in a memo about the layoffs sent to employees on Sunday.
Electric vehicle sales are down 7% so far this year in the U.S., as consumers say they want longer lasting batteries and more reliable charging networks. Elise Preston explores what the dip means.
Tesla has reclaimed the title of largest electric vehicle seller in the world, so why did its stock fall 5% on Tuesday? Rebecca Elliott, reporter for The Wall Street Journal, joins CBS News to discuss.
Tesla accounted for 80% of electric vehicle sales in the U.S. in 2020, but that figure fell to 55% last year.
Semi-automated driving systems that can help drive your car are not doing enough to ensure drivers are staying focused on the road, according to first-of-its-kind testing from the Insurance Institute for Highway Safety. Kris Van Cleave has details.
German officials say an electricity pylon near Tesla's Giga Berlin plant was likely deliberately set ablaze, and they suspect a "left-wing extremist motive."
Amazon founder Jeff Bezos is once again the richest person on Earth, surpassing SpaceX and Tesla CEO Elon Musk, according to the Bloomberg Billionaires Index. CBS News' Nancy Cordes has more.
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.
The switch comes weeks after a Delaware judge invalidated his $55.8 billion Tesla pay package.
A SpaceX Falcon 9 rocket carrying a privately-built moon lander left the Earth's atmosphere early Thursday. If all goes well, it will land on the moon in one week, the first U.S. spacecraft to do so in over half a century. Christian Davenport, a reporter covering NASA and the space industry for the Washington Post's financial desk, joined CBS News to discuss the launch.
Having advanced driver-assistance systems doesn't mean motorists get to zone out, Transportation Secretary says.
"With the help of two guests, we pulled them up," the floating sauna's skipper said. "They were able to warm up in the sauna."
Warning lights on the Tesla vehicles are hard to read, raising the risk of a crash, according to traffic safety regulators.
Judge rules that Tesla CEO Elon Musk is not entitled to keep a $55 billion pay package, saying he failed to prove the payment was fair.
Tesla said the backup cameras on some Y, S and X model vehicles can malfunction while the car is in reverse.
Several factors, like the boom in artificial intelligence in the past few years, have created higher value for tech companies stocks in the market that are driving market gains. Joe Rennison covers financial markets for The New York Times and joins CBS News with his take on the strength of the "magnificent seven" group of tech stocks.
Tesla advises owners to keep the charge level above 20 percent during bitter cold weather.
Electric vehicle owners are struggling in cold weather, saying their batteries are dying and charging stations are not working. Jenni Newman, editor-in-chief of Cars.com, joins CBS News to discuss why that is and what drivers can do about it.
Some electric vehicle batteries and charging stations are having a hard time handling the frigid temperatures across much of the U.S. Jack Brouwer, the director of the Clean Energy Institute at the University of California, Irvine, joins CBS News with a look at the temperature impact on EVs.
Tesla owners and people with other electric vehicles are finding that cold winter weather is impacting their EV battery.
The company has listed 607 ex-rental Teslas, including many smaller Model 3s cars, on its used car sales page.
Wall Street ended 2023 on a high note, and a group of companies known as the "Magnificent Seven" dominated. David Kass, professor of finance at the University of Maryland, joins CBS News to discuss if the outsized success of so few companies poses a risk to the economy.
Only a handful of electric vehicles still qualify for the full $7,500 clean vehicle federal tax credit, according to new reporting from tech website The Verge. Andrew Hawkins, a transportation editor for The Verge, joined CBS News to discuss why many EVs aren't saving their buyers money around tax season anymore.
SpaceX fired its first rocket of 2024 Tuesday, launching 21 Starlink satellites, including ones the company hopes will act like a cell phone tower in space. CBS News space analyst Bill Harwood has more.
Honda is recalling more than 2 million vehicles in the U.S. over a fuel pump defect. The move comes as multiple automakers are recalling vehicles in the U.S. over safety concerns, including Toyota and Tesla. David Welch, Detroit bureau chief for Bloomberg News, joined CBS News to discuss the problems.
Heavy snow, ice and brutal cold are expected to make this winter storm a potentially life-threatening weather event, stretching across two-thirds of the U.S.
Tracee Mergen, whose FBI squad was involved in the Renee Good investigation and probes into public benefits fraud in Minnesota, resigned last week, sources said.
Minnesota Attorney General Keith Ellison said he has seen "no evidence" of a federal investigation into the fatal shooting of Renee Good by an ICE officer earlier this month.
The 5-year-old immigrant boy taken into ICE custody alongside his father in Minnesota has an active immigration case and cannot be legally deported yet, records reviewed by CBS News indicate.
It's the 35th strike on alleged drug-smuggling boats since early September 2025, and the first since the U.S captured former Venezuelan President Nicolás Maduro.
Ryan Wedding, a 44-year-old Canadian national, was added to the FBI's Ten Most Wanted Fugitives list last year.
Hundreds of businesses in the Twin Cities were closed Friday to protest the presence of federal immigration agents in Minnesota, as thousands of demonstrators took to the streets of downtown Minneapolis in a show of solidarity.
An investigation is underway after a driver crashed a vehicle into the McNamara Terminal at Detroit Metro Airport.
A winter storm is forecast to dump up to 24 inches of snow in some places this weekend, and many are wondering: How much snow are we actually getting?
When a 55-year-old woman lost her job and got evicted, she took up residence at the only place she felt she owned, her husband's grave.
Minnesota Attorney General Keith Ellison said he has seen "no evidence" of a federal investigation into the fatal shooting of Renee Good by an ICE officer earlier this month.
The National Transportation Safety Board announced it has opened an investigation into Waymo robotaxis following a series of incidents in Austin involving school buses filled with children.
Tracee Mergen, whose FBI squad was involved in the Renee Good investigation and probes into public benefits fraud in Minnesota, resigned last week, sources said.
President Trump cited a major winter storm as evidence to suggest that global warming does not exist — a misleading claim that has been consistently debunked by climate experts.
Only one in four Americans has a credit score above 800, which is considered exceptional, according to industry data.
Facing pressure from President Trump, credit card issuers are exploring ways to ease borrowing costs.
Federal safety regulators warn that home heating equipment can spark fires or emit carbon monoxide. Here's what to know.
Cold weather can reduce the efficiency of electric vehicles, shortening their driving range. These tips can help.
Other Tesla vehicles also struggled to attract buyers, with sales of its X, S and Y models all sinking from the previous year.
Minnesota Attorney General Keith Ellison said he has seen "no evidence" of a federal investigation into the fatal shooting of Renee Good by an ICE officer earlier this month.
Jeffrey Epstein's lawyer, accountant and billionaire benefactor were issued subpoenas to testify before the committee in February and March.
Tracee Mergen, whose FBI squad was involved in the Renee Good investigation and probes into public benefits fraud in Minnesota, resigned last week, sources said.
It's the 35th strike on alleged drug-smuggling boats since early September 2025, and the first since the U.S captured former Venezuelan President Nicolás Maduro.
The 5-year-old immigrant boy taken into ICE custody alongside his father in Minnesota has an active immigration case and cannot be legally deported yet, records reviewed by CBS News indicate.
After a year of ongoing measles outbreaks that have sickened more than 2,400 people, the United States is poised to lose its status as a measles-free country.
An infectious disease physician and former CDC official said he does not "have faith" that the U.S. is "handling measles very well."
A review of studies published in The Lancet found no link between acetaminophen use during pregnancy and autism, contradicting the Trump administration's recent claims.
Lacy Cornelius Boyd needed IV nutrition and an ileostomy bag after a devastating car crash. A rare transplant was her only option.
A new analysis of dozens of peer-reviewed medical studies found no link between the use of Tylenol during pregnancy and diagnoses of autism, ADHD or intellectual disabilities in children.
It's the 35th strike on alleged drug-smuggling boats since early September 2025, and the first since the U.S captured former Venezuelan President Nicolás Maduro.
President Trump indicated he's watching the Iranian regime's response to massive protests that began late last month.
Russia's relentless strikes leave families in Kyiv without heat and power, and keep schools closed for at least a month.
European veterans, families of the fallen, and politicians are voicing outrage over Trump's claim NATO allies stayed behind the front lines in Afghanistan.
Benoit Bourguet, 47, was competing in a rowing race from Spain to Antigua when large waves capsized his single-man vessel.
Madison Beer says music has always been her escape since she started writing songs at just 6 years old. But the 26-year-old has had to navigate ups and downs in her journey to stardom. Anthony Mason reports.
"Sinners" set an all-time record for the most Oscar nominations with 16, including for best picture. Not far behind is "One Battle After Another" with 13 nominations. Meanwhile, "Wicked: For Good" received zero nominations, even in categories where the first "Wicked" movie won just last year.
Sales of tickets to NHL games jumped more than 20% after the hit HBO show debuted in the fall, according to ticket vendor.
Jessica Williams joins "CBS Mornings" to discuss the upcoming season of "Shrinking," which follows a therapist as he navigates life after the loss of his wife. She talks about her character, how her own mental health helps shape the role, and working with Michael J. Fox and Harrison Ford.
The nominees for the 98th Academy Awards have been revealed. Fandango and Rotten Tomatoes correspondent Erik Davis breaks down the major Oscar categories.
Microsoft services were down for thousands of users, according to tracking service Downdetector.
Snapchat's parent company, Snap Inc., settled a lawsuit surrounding allegations of social media addiction burdening users. CBS News' Shanelle Kaul reports.
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.
The billionaire CEO of Tesla and SpaceX, in his first appearance at Davos, said Tesla could start selling its Optimus robots next year.
YouTube says it wants to get rid of fake AI videos flooding social media feeds on its platform. CBS News MoneyWatch correspondent Kelly O'Grady explains what's driving the change.
"Sunday Morning" looks back at historical events on this date.
The Dinosaur National Monument, which is located on the border between Colorado and Utah, was last excavated in 1924.
Have you ever wondered if your dog is eavesdropping on you? A new study published in the Journal of Science found that some dogs are not only listening, but are also learning words. Lead scientist Dr. Shany Dror joins CBS News to discuss.
Fossilized bones and teeth dating to 773,000 years ago are providing a deeper understanding of the emergence of Homo sapiens.
If you rang in the new year with a kiss, you took part in a tradition millions of years in the making. Scientists now say the origins of kissing go back much farther than most think. CBS News' Tina Kraus has more.
Trump administration officials are denying accounts from witnesses who say they saw what occurred during a Minnesota ICE raid where a 5-year-old boy and his father were detained.
At a pretrial hearing on Friday, a judge set the date for jury selection in the case of Luigi Mangione, who is accused of killing UnitedHealthcare CEO Brian Thompson. CBS News legal reporter Katrina Kaufman was in the courtroom and has the details.
CBS News has obtained video of the moment FBI agents escorted former Olympic snowboarder and accused drug kingpin Ryan Wedding off a plane in California. CBS News' Anna Schecter has the details.
Five-year-old Liam Ramos is now being held at an ICE detention facility in Texas, CBS News' Camilo Montoya-Galvez reports. Here's what we know about the case.
Ryan Wedding, the former Olympic snowboarder who allegedly became a drug kingpin and is accused of orchestrating multiple murders, has been arrested, FBI Director Kash Patel announced on Friday. CBS News' Anna Shecter reports.
Virgin Galactic is sending an all-female research team to space. Kellie Gerardi, who is leading the crew, joins "CBS News 24/7 Mornings" to discuss the goals of the mission.
Inch by inch, NASA's Artemis II moon rocket lumbered along its four-mile commute from the Vehicle Assembly Building to launch pad 39-B. Mark Strassmann is at the Kennedy Space Center in Florida with more.
Four Artemis II astronauts plan to fly around the moon and back next month, traveling farther from Earth than any humans before them.
NASA is beginning its rollout of its Space Launch System rocket and Orion spacecraft as preparations for the Artemis II mission enter their final stage.
Depending on the timing, NASA could launch a fresh crew to the space station while four other astronauts are flying around 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.
When a 55-year-old woman lost her job and got evicted, she took up residence at the only place she felt she owned, her husband's grave. Then, an "angel" came to her rescue. Steve Hartman has the story "On the Road."
Federal regulators have opened an investigation into Waymo robotaxis after a series of incidents involving school buses filled with kids. Kris Van Cleave has details.
A series of informational signs about slavery was removed from the President's House in Old City Philadelphia, prompting Philadelphia officials to file a lawsuit against the federal government. Elaine Quijano has more.
European military veterans, families of the fallen and politicians have voiced outrage after President Trump claimed the U.S. had "never needed" its NATO allies, and that allied troops had stayed "a little off the front lines" during the 20-year war in Afghanistan. Nancy Cordes has the latest.
Thousands braved subfreezing temperatures in the Twin Cities to protest ICE operations. It comes as Minnesota Attorney General Keith Ellison calls "Operation Metro Surge" a political tactic meant to punish Minnesotan leaders. Nicole Sganga reports.