Tesla Inc became the first $100 billion publicly listed American automaker in extended trading on Tuesday, in a sign of Wall Street’s confidence in an all-electric future. The milestone comes less than a month when Tesla’s stock crossed $420, the infamous price at which CEO Elon Musk had tweeted he would take the electric automaker […]
Elon Musk
Tesla states it plans to open China design and research center
U.S. electric automaker Tesla prepares to open a design and research center in China to make “Chinese-style” vehicles, the company stated in a recruitment notice on its official WeChat account. Wednesday’s notice sought to recruit designers and other workers to help meet the goal, and called for applications by February 1, but did not mention […]
Elon Musk to design a future Tesla car in China for the global market
Tesla CEO Elon Musk stated the company is going to design a future car in China for the worldwide market. The electric automaker CEO said Tesla would start a design and engineering center in China. He did not mention any timelines. Tesla also verified that it would start operation on a production program for its Model Y crossover […]
Tesla To Deliver First China-Built Car in Milestone for Musk
Tesla Inc is set to deliver China-built cars on Monday, a significant milestone for Elon Musk’s company as it broadens in the world’s largest electric-vehicle market. The first 15 units of Model 3 sedans created at Tesla’s new multi-billion-dollar Shanghai plant are set to be delivered to company workers on December 30, capping several months […]
Solar, energy storage will grow faster than electric cars, says Elon Musk
A Model 3 ramp-up whose outcome was a quarterly profit and it was a sign that Tesla’s automobile business finally is nonetheless stable. If that is true, then it is a good time for Tesla to turn its attention to the energy business — comprising solar and energy storage — that has for long taken a backseat to getting […]
Elon Musk bought a car from a couple for nearly $1 million, which would later serve as inspiration for Cybertruck
In 1989, a couple from Long Island, New York paid about $100 for an unclaimed storage unit. It was a blind auction, which means neither they nor the seller had any idea what was inside the car. When the couple opened the unit, they were in for what could possibly be the surprise of their […]
Tesla has 200,000 orders for Cybertruck, says Musk
Tesla Inc CEO Elon Musk suggested in a tweet that the electric automaker received 200,000 orders for its electric pickup truck under three days of its introduction. Musk, who has been frequently tweeting about the Cybertruck’s features since its introduction on Thursday, has also been updating his followers with the number of orders the company […]
Elon Musk reveals Tesla’s Cybertruck, a ‘bulletproof’ electric pickup
Tesla CEO Elon Musk revealed the company’s electric Cybertruck Thursday, but an attempt to flaunt the truck’s strength hit a bump in the road. A sledgehammer was swung at the doors of the silver truck, with no actual effect. A video played on screens revealed a bullet striking it, and Musk stated, “It is literally […]
Elon Musk back on Twitter, days after quitting
Elon Musk has not quit Twitter after all. Just three days after Musk announced that he was going offline, Tesla Inc’s CEO went back on Tuesday with some tweets about promoting a successful test by his rocket company, SpaceX. “Great work by SpaceX Dragon team & Airborne! To be clear, we’ve only done 1 multi-parachute […]
CEO Musk to evaluate all of Tesla’s expenses in new cost cutting plan
Tesla Inc Chief Executive Officer Elon Musk informed workers on Thursday that he will boost scrutiny of the company’s expenses in his recent initiative to slash costs at the electric automaker. Tesla earlier this month shut down at a $2.7 billion offering of stock and convertible notes, providing it much needed cash as it increases […]
U.S. turns down Tesla bid for tariff exemption for Autopilot ‘brain’
U.S. trade officials turned down Tesla Inc’s bid for relief from President Donald Trump’s 25-percent tariffs on the Chinese-made Autopilot “brain” of its Model 3 among other electric automobiles, one of over 1,000 product denials associated with China’s industrial development plans. According to documents submitted by the U.S. Trade Representative’s office (USTR) and seen by […]
Elon Musk owes $507 million to banks helping Tesla raise capital
Tesla Inc CEO Elon Musk personally owes $507 million to Wall Street banks involved in Tesla’s stock and debt sale, supported by his stake in the electric car maker, a company filing revealed on Thursday. The lending was revealed in Tesla’s prospectus on Thursday to raise up to $2.3 billion with new shares and convertible […]
Tesla increases capital raise to $2.7 billion, Musk purchases more stock
Tesla Inc on Friday was set to boost up to $2.7 billion in a record-setting capital raising for the electric automaker, as investors scooped up a mix of new stock and convertible notes that are going to recharge the company’s cash-depleted balance sheet. The company stated in a filing that it had boosted its offer […]
Tesla expects to have fully self-driving cars by 2020
Tesla expects to have fully self-driving cars in which humans won’t have to touch the steering wheel around the second quarter of 2020. The company made the declaration during an investor meeting at its Palo Alto, California, headquarters Monday, in which it highlighted its bold but risky bid to modify Tesla’s electric cars into driverless […]
Tesla’s self-driving tech is ‘vastly ahead of everyone’, says Musk
Elon Musk thinks that Tesla is “vastly ahead of everyone.” Tesla CEO Elon Musk recently appeared on Lex Friedman’s Artificial Intelligence Podcast, where Musk spoke that how much longer people will be required to keep their hands on the wheel (“At least six months from here”) to what question would you ask of a very […]
