Tom Krisher

Tesla's first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate production of new, more affordable vehicles

Faced with falling global sales and a diving stock price, Tesla has slashed prices again on some of its electric vehicles and its “Full Self Driving” system in an apparent

The automaker said that while its average sales price per vehicle was down slightly from last year at just under $50,000, pickup sales remained strong, and it's not seeing the price erosion across its lineup that other companies have experienced.

It has been a tough year at Tesla, with its stock sliding more than 40% amid slumping sales, confusing product decisions and more price cuts.

It has been a tough year at Tesla, with its stock sliding more than 40% amid slumping sales, confusing product decisions and more price cuts.

SEATTLE (AP) — A Tesla that may have been operating on the company's Autopilot driving system has hit and killed a motorcyclist near Seattle.

The motorcyclist, Jeffrey Nissen, 28, was under the car and pronounced dead at the scene, authorities reported.

The 56-year-old driver was arrested for investigation of vehicular homicide following crash last Friday.

It has been a tough year at Tesla, with its stock sliding more than 40% amid slumping sales, confusing product decisions and more price cuts.