Tesla, led by Elon Musk, experienced a 4% decline in shares to USD 180.46, reaching its lowest point since May 2023.

The 47,592 Tesla vehicles registered in the fourth quarter of 2023, compared to 52,782 a year earlier, portrays a nuanced narrative beyond the mere numbers.

The ruling, which could be appealed, dismantles the largest compensation plan in corporate America, raising questions about Tesla’s governance.

Musk’s concerns stem from Tesla’s challenges in a price war it initiated to attract consumers amid high borrowing costs.

Tesla’s shares were down 6% in after-hours trading as Elon Musk noted that ramping up production of the new vehicle would be challenging.

Tesla has already sent requests for quotes or invitation for bids for the new affordable model to its suppliers last year.

India is yet to decide on reducing import taxes for electric vehicles, particularly for Tesla, amid concerns from domestic automakers

Tesla adapts to shifting EV landscape by implementing price cuts on Model Y in Europe amidst market challenges and intensifying competition

The issues faced by Tesla owners in frigid temperatures highlight a common challenge for electric vehicles, irrespective of the manufacturer.

This move has raised questions about potential conflicts of interest and its impact on Tesla’s valuation.