Tesla also said Oracle co-founder Larry Ellison, a friend of chief executive Elon Musk, will not stand for re-election to the electric vehicle manufacturer's board

The EV maker has set a target of 71,000 cars at its Shanghai plant for June. Added with 44,301 units produced in April and May, that would be about a third less than its first-quarter output

The company cancelled the three events for positions in sales, research and development and its supply chain that were originally scheduled for June 16, 23 and 30, respectively

Online hiring event for "smart manufacturing" roles proceeds, company posts two dozen new open positions in China.

BYD, the world's biggest manufacturer of electric vehicles and plug-in hybrids, has been working on a plan to supply batteries to other automakers including Toyota

CEO Elon Musk has told Tesla executives to "pause all hiring worldwide", saying he needs to cut staff at the electric carmaker as a global downturn appears to be looming

The second annual Tesla AI Day had been scheduled for August 19 but Musk said it would be pushed back to September 30

Musk previously played down the risks of coronavirus, saying "the coronavirus panic is dumb" and children were “essentially immune”. He later contracted Covid-19 twice.

Tesla chief Elon Musk pours cold water on the idea his company will set up a gigafactory in India in the near future

Tesla has applied to register its EVs, batteries and solar products for sale in Thailand, according to report which said it would be the first country in Southeast Asia where Tesla would sell its vehicles

The latest drop came as an analyst lowered his price target for Tesla stocks to $800 from $1,150 over Covid-19 lockdowns in Shanghai and supply chain issues

The crash is one of 35 under investigation by the National Highway Traffic Safety Administration involving Tesla vehicles and their...