Tesla is in talks with Canadian miner Giga Metals about helping to develop a large mine that would provide the electric automaker access to low carbon nickel for its batteries, three sources knowledgeable with the matter said. Alongside its goal to decrease pollution from driving, Tesla is also striving to decrease its own carbon footprint. […]
Tesla Inc
Elon Musk reportedly met Volkswagen CEO during Germany visit
Tesla CEO Elon Musk met Volkswagen’s CEO Herbert Diess for a courtesy visit during which Musk took a test drive in Volkswagen’s new electric car, a source familiar with the matter said on Friday. A spokewoman for Volkswagen refused to comment on the meeting. A spokeswoman for Tesla could not be reached for comment. Volkswagen […]
Tesla shares dropped 15% after a huge increase in recent times
Tesla Inc shares dropped as much as 15% on Wednesday, extending previous session’s losses after the electric automaker announced a $5 billion stock offering that was intended at cashing in on Wall Street’s heightened interest. After an almost six-fold increase in share value this year, Tesla decided on a 5-for-1 stock split, which came into […]
Major automakers urge FTC to seek appeal after defeat in Qualcomm case
A group of tech companies and automakers, such as Tesla Inc, Ford Motor, Honda Motor, and Daimler AG, on Monday, urged the U.S. Federal Trade Commission (FTC) to seek an appeal following its loss in a case against chip supplier Qualcomm Inc. Earlier this month a U.S. appeals court reversed a lower-court decision against Qualcomm, […]
Tesla sets 5-1 stock split and its stock rise again
Tesla Inc on Tuesday declared a five-for-one stock split, sending the electric automaker’s already high-flying shares increase by 7% in extended trade. Tesla’s stock, which traded at $1,475 following the announcement, is one of the highest-priced on Wall Street, and the Palo Alto, California-based company informed in a press release it was looking to make […]
Tesla to hold shareholder meet and ‘Battery Day’ on September 22
Tesla Inc will hold its yearly shareholder meeting in person on September 22 at its Fremont factory located in California, the electric automaker said on Friday. The company’s “Battery Day”, where it is expected to introduce significant advances in battery technology will also be held on the same day, the automaker said. CEO Elon Musk […]
Institutional Shareholder Services opposes re-election of Tesla chairwoman
Proxy adviser Institutional Shareholder Services Inc (ISS) has urged Tesla Inc shareholders to vote against the re-election of chairwoman Robyn Denholm at the electric automaker’s annual meeting next month. The firm expressed concerns regarding Denholm’s leadership, mentioning consecutive years of high compensation for directors, without a reasonable rationale, and a steep increase in share pledging […]
Tesla, California county reach deal to resume plant next week
Tesla Inc and officials in California have resolved their conflict over safety procedures at the automaker’s only U.S. assembly plant with a deal that permits production to restart as early as Monday, county officials stated. The county said the automaker could take extra steps ahead of next week after CEO Elon Musk had pledged to […]
Dispute over resuming Tesla’s California factory may be ending
It seems that the dispute between Tesla and San Francisco Bay Area officials over the restarting of a factory in the face of shutdown orders is close to an end. The Alameda County Public Health Department wrote on Twitter early Wednesday that the Fremont, California, plant will be able to go beyond general operations this […]
Elon Musk says ready for arrest as the plant reopens in California
Tesla Chief Executive Elon Musk on Monday stated production was restarting at the automaker’s only U.S. vehicle factory, in California, defying an order to stay closed and adding that if anyone had to be arrested it should be him. The move comes as states and cities around the country find ways to safely resume their […]
Tesla secures $565 million loan for Shanghai factory
Electric automaker Tesla Inc has reached an agreement for a working capital loan of up to 4 billion yuan ($565.51 million) with a lender from China for its Shanghai auto plant, a regulatory filing showed on Friday. The loan, which will be given by Industrial and Commercial Bank of China Limited, will be used only for expenses related […]
Tesla to furlough workers, cut salaries due to coronavirus
Tesla Inc informed employees on Tuesday it would furlough all non-essential employees and implement salary cuts during a shut down of its U.S. production plants because of the coronavirus outbreak. Tesla stated it prepared to resume normal operations on May 4, blocking any significant changes, according to an email sent to U.S. workers by in-house counsel […]
Ford, GM, Tesla can go ahead with making ventilators, says Trump
U.S. President Donald Trump stated on Sunday that American automakers such as Ford Motor, General Motors and Tesla Inc have been given the green light in making ventilators and other objects required during the coronavirus crisis. “Ford, General Motors and Tesla are being given the go ahead to make ventilators and other metal products, FAST! […]
Panasonic to suspend production at Tesla joint venture due to coronavirus
Panasonic stated on Saturday it will temporarily stop production at its battery joint venture with U.S. electric automaker Tesla Inc in Nevada due to the coronavirus outbreak. The Japanese electronics company, which provides battery cells for Tesla’s electric vehicles, will reduce operations at so-called Gigafactory 1 early next week before shutting down for 14 days, […]
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 […]
