Tesla's share price closed Thursday's session following the announcement of its June quarter results 8.20% lower at $305.30. Following the sharp selloff yesterday, Tesla's market capitalisation also declined $984.

Elon Musk warned of difficult times ahead for Tesla Inc. following one of the carmaker’s worst stretches since it first started producing electric sedans over a dozen years ago.

Tesla's shares sank nearly 7% in premarket trading as the EV giant grapples with sinking sales and mounting doubts over its future under CEO Elon Musk, deepening investor anxiety after another shaky quarter.

In 2020, Tesla controlled nearly 80% of the U.S. market, based on data from Experian. By 2022, that was down to 65.4%, followed by 55% in 2023. This year, per Cox Automotive, that share continues to decline, hovering around 45% as of July 11.

Let's be honest: if any car company operating in America could produce a truly compelling, high-spec electric vehicle for well under $30,000, it's Tesla.

The electric-vehicle maker’s net income dropped 16% in the second quarter, marking another quarter of steep declines at the company as automotive sales continue to fall.

Musk's electric vehicle maker posted the worst quarterly sales decline in more than a decade and profit that missed Wall Street targets, but its profit margin on making cars was better than many feared.

Tesla's more affordable model started production in June and is a cheaper Model Y, the company said on its Q2 earnings call.

Tesla unveiled its first-ever diner in Los Angeles, featuring 80 superchargers, two giant movie screens and roller skating servers.

Tesla beats rivals BYD, Xiaomi, and Huawei, in a Chinese highway evaluation of driver‑assistance systems, based on data released by Dcar (the automotive arm of TikTok parent ByteDance) together with state broadcaster CCTV.