Tesla shares makes recovery from bottleneck concerns
Investors put aside stresses over Tesla Inc meeting production targets for its Model 3 mass-market sedan to press the automaker’s shares greater on Tuesday, reversing an initial drop of nearly 3 percent. Tesla stirred issue among some experts and investors on Monday by producing just 260 of the 1,500 sedans it had assured in the
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Tesla deliveries increased in third quarter
Tesla stated on Monday its deliveries increased 4.5 percent in the third quarter from the prior-year duration, but said “production bottlenecks” had left the automaker behind its planned ramp-up for the brand-new Model 3 mass-market sedan. Tesla said it provided 26,150 vehicles in the third quarter, consisting of 14,065 Model S vehicles and 11,865 Model
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Tesla collaborating with AMD to develop AI chip for self-driving car
Tesla Inc is collaborating with Advanced Micro Devices to create its own artificial intelligence chip for self-driving cars, according to a CNBC report. CNBC cited a source knowledgeable about the matter. AMD spin-off GlobalFoundries CEO Sanjay Jha said the company is working directly with automaker, CNBC noted. GlobalFoundries is a semiconductor foundry headquartered in Santa
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Tesla shares drop from record high after warning from expert
Shares of Tesla dropped from record highs on Tuesday after an expert cautioned that the electric car maker might take longer than anticipated to become profitable. Jefferies expert Philippe Houchois introduced coverage of Tesla with an “underperform” rating, helping send out shares of the business headed by Elon Musk down 2.17 percent to $376.74 after
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Cadillac Challenges Tesla in Autonomous Driving
Self-driving cars, long a dream among automotive futurists, will be arriving in quantity on American roads in the next few months, and it will be Cadillac – not Tesla – that will be pushing the state of the self-driving art. Cadillac’s entry in the self-driving derby is called Super Cruise, and it’s different from –
Tesla CEO targets October to reveal Tesla semi truck
Tesla Inc CEO Elon Musk said the electric automaker is tentatively set to unveil its scheduled semi-truck in October, about a month behind Musk had previously estimated. “Tesla Semi truck reveal and evaluate ride tentatively set for Oct 26th in Hawthorne,” Musk stated in a tweet on Wednesday. The entrepreneur has enticed the trucking market
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Tesla Temporarily Extends Range for Owners Near Hurricane Irma
To help base-model Tesla owners evacuate locations that will be hit by Hurricane Irma, the electric automaker decided to provide them a gift. On Saturday, it sent a software upgrade that remotely extended the range of automobiles with 60-kWh batteries. So instead of needing to recharge every 210 miles, motorists were temporarily able to travel
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Upcoming Tesla pickup truck rendered by artists
A Tesla pickup truck is going to be around us. Tesla CEO Elon Musk hasn’t exposed a lot of information about it, however back in April, he stated we could expect it in “18 to 24 months,” which would put the unveil around 2018 or early 2019. For now, other companies are taking initiative to
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Tesla Slashes The Cost Of Its Most Effective Model
Tesla’s most effective and high-grade models are getting a small cost drop. The Model S and Model X 100D models had their prices slashed by $3,500 while the performance versions, the P100D, got a $5,000 price drop for both the Model S and X. The electric automaker says that production costs for the 100-kilowatt battery
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Tesla looks forward to test autonomous semi-trucks in Nevada
Before Tesla’s electrical semi-truck reveal, the company has been in talks with Nevada to test latest autonomous technology that it refers as “platooning.” This is according to an e-mail exchange in between the automaker and the Nevada Department of Motor Vehicles (DMV). Furthermore, as per a California DMV spokesperson, Tesla consulted with California authorities on
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Bond investors give Tesla a $1.8 billion boost
Bond investors on Friday provided a $1.8 billion boost to Tesla’s balance sheet by getting the automaker’s first foray into the U.S. junk bond market, where investors have raced to secure reasonably higher returns. Those robust returns, although have diminished as a strong reservoir of money prepared to deploy in the riskiest areas of the
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Tesla Model 3 makes 258 HP according to EPA documents
When Tesla formally released the Model 3 last month, we got a great deal of details about the vehicle. We learned that consumers will have the ability to choose between a regular and extended-range battery. We discovered for how long each variation will go on a single charge. We found out how rapidly they speed
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Tesla rally pushes funds, prompts funds to make an outsized bet
Tesla Inc’s over 66 percent rally for the year is causing some funds to make an outsized bet on the automaker. An overall of 22 actively managed mutual funds and exchange-traded funds got over 5 percent of their portfolios in the company. Some of these funds are actively purchasing shares, fund filings reveal, however instead
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Tesla reduces price of Model X, saying margins enhanced
Tesla Inc on Friday reduced the base price of its Model X SUV to $79,500 and stated enhancing margins lagged the move, which came as the automaker is increasing production of its new lower-priced Model 3. Some experts have been worried that the launch of the Model 3, whose base cost is $35,000, would guide
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Tesla plans to raise $1.5 billion for Model 3 production
Tesla Inc stated on Monday it plans to raise about $1.5 billion in a bond offering as the automaker looks to increase production of its newest electric sedan, the Model 3. The debt offering comes as the automaker gets thousands of advance bookings for the Model 3, which were balancing at about 1,800 daily due
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