Tesla was set to open over 6 percent below the previous close on Thursday after it alarmed investors with its biggest quarterly loss yet and a hold-up in production targets for its Model 3 car by about 3 months. After a year which has actually seen shares in Silicon Valley’s company CEO Elon Musk’s venture
A dangerous material spill at Tesla’s Gigafactory battery plant in Nevada on Monday was being examined by emergency workers however there were no major injuries, the company informed. Tesla representative Dave Arnold said a drum of “standard construction cleaning solvent” was spilled at a loading dock and a small location of the structure was evacuated.
A previous Tesla executive, Peter Carlsson, is aiming to raise a minimum of $4 billion to develop Europe’s biggest battery factory in Sweden to fulfill an anticipated rise in demand as the area’s automakers switch to electric vehicles. Carlsson, who managed automaker’s supply chain before going back to his native country, thinks European automakers’ push
Tesla states it plans to start dealing with Japanese electronic devices company Panasonic Corp. on solar power. Panasonic had no instant comment Monday on Tesla’s declaration on its business blog site that the companies have signed a non-binding letter of intent to start working together on production of photovoltaic cells and modules at Panasonic’s center
Bloomberg has gotten an internal email from Tesla CEO Elon Musk to workers, where Musk encourages cost-cutting and a productivity push for the rest of the present quarter. Tesla has to raise more capital quickly to fund the spin-up of Model 3 production, building of its Gigafactory battery center, and a planned acquisition of SolarCity.
After months of on going construction, Tesla’s giant Gigafactory located in Sparks, Nevada invited guests and members of journalism for a celebratory grand opening occasion recently. To be exact, it will still take a couple of more years before building and construction on the factory is completed, but Tesla was comfy enough with the development