Tesla Inc News

News

Musk lays out plan to make a $25,000 Tesla

CEO targets cutting the battery cost to achieve the price point by 2023

2 min read23 Sep 2020
Companies

789% returns in seven months: Japan Investors buy Tella, not Tesla

Tella Inc, a hitherto obscure biotech venture, is the bigger gainer this year by far out of any of the almost 4,000 companies listed on Japan’s main markets. It’s risen an astonishing 789%

1 min read21 Jul 2020
Companies

Musk says Tesla is ‘very close’ to developing fully autonomous vehicles

Tesla Inc very could work out the basics of fully autonomous vehicle technology as soon as this year, most of the essential challenges toward achieving Level 5 autonomy have been solved for: CEO Elon Musk

1 min read9 Jul 2020
News

Tesla's California fight heats up competition for jobs

The Fremont factory employs more than 10,000 people, according to the automakerIn late April, Georgia announced deals for a $727 million battery plant by South Korea's SK Innovation Co Ltd and an Amazon.com warehouse

2 min read13 May 2020
Auto News

Tesla cars may stream Netflix, YouTube when not moving

The change may come in August but will not take more than a few months, said MuskMusk added that there would be additional game storage via USB

1 min read28 Jul 2019
Companies

Low sales of ageing cars put Tesla in the slow lane

The price tags on Tesla’s first two vehicles, the Model S and X, were too much for Land’s budget to bearA further compression of margins could spell trouble for Tesla, which reported a larger-than-expected loss in the first quarter after repeatedly assurances the company would stay in the black

4 min read24 Jul 2019
Auto News

Tesla Model S catches fire in Hong Kong parking lot: Report

The incidents have fueled concern over the safety of electric vehicles in ChinaIn 2018, China recorded at least 40 fire-related incidents involving new-energy vehicles, a fleet that includes pure battery electric, hybrid plug-in and fuel-cell vehicles

1 min read14 May 2019
Companies

Tesla says may seek alternative financing sources

Tesla has $2.2 bn in cash and expects capital expenditure of about $2.5-3 bn annually for the next two fiscalsThe company's total debt stood at $10.33 billion as of March 31

1 min read29 Apr 2019
News

Tesla's Musk must address SEC contempt bid as he calls agency 'broken'

Musk violated his October 2018 settlement agreement by sending that tweet without first seeking approval from Tesla's lawyersIt is not clear what punishment the SEC will seek

3 min read27 Feb 2019
Companies

Tesla cuts 7% of its workforce to make Model 3 affordable

CEO Elon Musk has been under intense pressure to stabilise production of the Model 3  This is Tesla’s second job cut in seven months and comes just days after it cut US prices for all vehicles

1 min read20 Jan 2019
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