Tesla Model 3
The Tesla Model 3 is a battery electric mid-size sedan with a fastback body style built by Tesla, Inc., introduced in 2017. The vehicle is marketed as being more affordable to more people than previous models made by Tesla. The Model 3 was the world's top selling plug-in electric car for three years, from 2018 to 2020, before the Tesla Model Y, a crossover SUV based on the Model 3 chassis, took the top spot. In June 2021, the Model 3 became the first electric car to pass global sales of 1 million.
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Tesla and Musk Prevail in Shareholder Lawsuit Over Self-Driving Claims
A federal judge dismissed a lawsuit against Tesla and Elon Musk, rejecting claims of defrauding shareholders about self-driving technology. The case was dismissed without prejudice, allowing for potential amendments.
German Retailer Halts Tesla Purchases Over Musk's Political Stance
Rossmann, a major European drugstore chain, ceases Tesla acquisitions for its corporate fleet, citing CEO Elon Musk's support for Donald Trump as incompatible with the company's values.
Tesla's Q2 Earnings Miss Mark Amid Price Cuts and AI Investments
Tesla reports lowest profit margin in 5+ years, missing Q2 targets. EV maker cuts prices, boosts AI spending, plans affordable models for 2025. Shares drop 5.2% after hours.