Tesla Faces Class-Action Lawsuit Over Misleading Self-Driving Claims Electric Car Maker’s Ambitious Autonomy Goals Collide with Legal Reality Just as Tesla CEO Elon Musk doubles down on self-driving technology as the company’s future, a new lawsuit throws a wrench into those plans. A California judge has allowed a proposed class-action lawsuit to proceed, accusing Tesla…
Tesla’s awful quarter has Wall Street on edge ahead of delivery numbers In the tumultuous first quarter of the year, Tesla investors faced significant setbacks as the company’s shares plummeted by 29%. This decline marked Tesla’s worst quarterly performance since the close of 2022 and the third worst since its inception in 2010. Notably, Tesla…
Volkswagen quits Australia auto lobby committee as fight grows over green fuel standards In a decisive move reflecting a shifting landscape within the automotive industry, Volkswagen Australia announced its departure from the policymaking committee of the Federal Chamber of Automotive Industries. This decision comes shortly after Tesla’s withdrawal from the same group, signaling a divergence…
