Tesla News Updates

Business, Technology

Tesla to Raise $2 Billion to Counter Cash Drain

Tesla Inc. plans to raise about $2 billion through debt and stock offerings, after CEO Elon Musk overestimated the ability of the Model 3 sedan to generate enough cash for the company to be self-sustaining.

May 2, 2019
Business

Tesla鈥檚 Key Inventory Figure Tops $2 Billion for First Time

The value of Tesla Inc.鈥檚 finished goods inventory, which includes vehicles available for sale, exceeded $2 billion for the first time as the Model 3 sedan began overseas deliveries.

April 29, 2019
Government, Business, Technology, Logistics

Shanghai Tesla Factory Key to CEO Elon Musk鈥檚 Ambitions

Three months after groundbreaking, Tesla Inc. is rushing to complete its multibillion-dollar factory on the outskirts of Shanghai to capitalize on growing demand in the world鈥檚 largest electric car market.

April 29, 2019
Business, Technology, Fuel

Tesla Delays Production of Semi Truck Until 2020

SAN FRANCISCO 鈥 Chief Financial Officer Zachary Kirkhorn hinted on a quarterly earnings call that Tesla will build its new semi starting in 2020 at its factory near Reno, Nev.

April 26, 2019
Business, Fuel

Tesla Loses Another Bull as Analyst Dubs Period 鈥楾op Debacle鈥

Tesla Inc.鈥檚 latest first quarter was 鈥渙ne of top debacles鈥 ever seen in 20 years of covering tech stocks on the Street, Wedbush analyst Daniel Ives said April 25.

April 25, 2019
Business, Technology

Tesla Reintroduces Lower-Priced Model S After Deliveries Drop

After a record decline in vehicle deliveries in the first quarter, Tesla Inc. is introducing lower-priced versions of several models, effectively offering consumers a discount.

April 24, 2019
Business, Technology, Safety, Autonomous

CEO Elon Musk Makes Self-Driving Technology Tesla鈥檚 Costly New Calling

Tesla Inc.鈥檚 calling used to be bringing affordable electric cars to the masses. Elon Musk is now ripping up the script, vowing to pair self-driving technology with a sharing service that will make it crazy for consumers to buy other cars.

April 23, 2019
Business, Technology, Autonomous

Tesla Gears Up for Driverless Cars in 2020 Amid Skepticism

SAN FRANCISCO 鈥 Tesla CEO Elon Musk appears poised to transform the company鈥檚 electric cars into driverless vehicles in a risky bid to realize a bold vision that he has been floating for years.

April 22, 2019
Government, Business, Fuel

Tesla鈥檚 Elon Musk, SEC Get More Time to Solve Spat Over Tweets

In a joint letter to U.S. District Judge Alison Nathan, Tesla Inc.鈥檚 top executive and the securities regulator said they haven鈥檛 been able to resolve a legal dispute over how Musk posts news about his electric-car company. The judge agreed and gave them until April 25.

April 19, 2019
Business, Technology, TCA

Tesla Touts Energy Savings in Its First Sustainability Report

Tesla released its first sustainability report April 15, in which the electric carmaker highlighted the positive effects it said its vehicles 鈥 and its production efforts 鈥 have had on the environment since purchasing its Fremont, Calif., factory in 2010.

April 16, 2019