Tesla is facing stiffer competition globally from electric vehicle players, especially low-cost competitors from China.

The company reported the steepest decline in quarterly revenue in more than a decade, with a 12% fall, as it battles strong competition from cheaper electric vehicles and a backlash against CEO Elon Musk’s political views.

Tesla's cheaper Model Y hints fail to impress as Wall Street eyes robotaxis and FSD tech amid slowing EV demand and waning brand interest.

Sales for the company are down all over the world, despite its recent introduction to new markets, like India. Now, as Tesla struggles to keep its head above water, another significant revenue stream is about to run dry,

The Texas-based EV manufacturer could be subject to punishment for its advertising practices in the Golden State.

Tesla said on Wednesday it has built initial versions of an affordable car, a move likely meant to stem the steep decline in sales the company has experienced in markets across the world.

Tesla's registrations in the West Coast state fell more than 20% in the second quarter compared with the previous year, according to new data.

This suit has been brewing for some time. The state DMV started investigating Tesla for possible misleading advertising in 2021 and then sent an official inquiry to the automaker roughly a year later.