Elon Musk warned of difficult times ahead for Tesla Inc. after one of the automaker’s worst quarters in over a decade.

Tesla Chief Executive Elon Musk said on Wednesday (July 23) that U.S. government cuts in support for electric vehicle makers could lead to a "few rough quarters" for the company before a wave of revenue from self-driving software and services begins late next year.

For nearly a decade, it has been the holy grail for Tesla fans and the key to its mainstream future: a truly affordable electric car for the masses. After years of promises, delays, and speculation, the company confirmed on Wednesday that the long-awaited cheaper Tesla is finally moving from myth to reality.

Elon Musk finally admitted that Tesla’s long-promised, more affordable EV is just a stripped-down Model Y. Unsurprisingly, Verge readers had some thoughts. In an earnings call Wednesday, Tesla CEO Elon Musk “let the cat out of the bag”: The new,

Elon Musk may have let the cat out of the bag on Wednesday when he mentioned the Model Y during Tesla’s Q2 earnings call. When asked about the company’s next vehicle, his resp

The fallout from Elon Musk’s plunge into politics a year ago is still hammering his Tesla business as both sales and profits dropped sharply again in the latest quarter. The car company that has faced boycotts for months said Wednesday that revenue dropped 12% and profits slumped 16% in the three months through June as buyers