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Tesla Secures Site in Shanghai for $2 Billion Gigafactory, its First Factory Outside the U.S.

Tesla Secures Site in Shanghai for $2 Billion Gigafactory, its First Factory Outside the U.S.

Electric automaker Tesla has signed an agreement with the Shanghai government for a 860,000 square meter parcel of land where the electric automaker plans to build its first overseas Gigafactory, Tesla said in a Chinese social media post on Wednesday.

Eric Walz2018-10-17 12:25 PT

Tesla CEO Elon Musk Officially Settles with the SEC for Misleading the Public

Tesla CEO Elon Musk Officially Settles with the SEC for Misleading the Public

A U.S. judge approved Tesla’s and Chief Executive Elon Musk’s $40 million settlement with the U.S. Securities and Exchange Commission, resolving government claims that Musk misled the public with a number of tweets about plans to take the automaker private.

Eric Walz2018-10-16 13:11 PT

Tesla CEO Elon Musk Out as Chairman, Required to Pay $20 Million in SEC Settlement

Tesla CEO Elon Musk Out as Chairman, Required to Pay $20 Million in SEC Settlement

Musk will resign his role as Tesla’s chairman for three years, but will retain his position as the company’s CEO. In addition to paying a $20 million fine, Tesla will also have to pay a separate $20 million penalty.

Vineeth Joel Patel2018-10-01 14:30 PT

SEC Sues Tesla CEO Elon Musk for Lying to Investors

SEC Sues Tesla CEO Elon Musk for Lying to Investors

The Securities and Exchange Commission, the government agency responsible for enforcing the federal securities laws and protecting investors, sued Tesla chief Elon Musk on Thursday, saying he lied to investors when he claimed he had secured the funding to take the automaker private.

Eric Walz2018-09-27 14:09 PT

 Tesla to Hand Deliver Model 3's to Increase Sales Before the End of Q3

Tesla to Hand Deliver Model 3's to Increase Sales Before the End of Q3

Electric carmaker Tesla has launched a service called ‘Tesla Direct’, which is a door-to-door direct delivery service in California. The service will help Model 3 buyers get their cars faster, rather than having to wait to pick it up at a local Tesla delivery center.

Eric Walz2018-09-24 12:12 PT

Another Top Executive Departs Tesla, Joining Dozens of Others Who Left the Automaker in 2018

Another Top Executive Departs Tesla, Joining Dozens of Others Who Left the Automaker in 2018

​Another key executive at electric automaker Tesla is stepping down, according to people with familiar with the matter. It’s another setback for Tesla’s CEO Elon Musk since tweeting on August 7 about taking the company private.

FutureCar Staff 2018-09-21 18:31 PT

Researchers in Belgium Find Tesla Model S Can be Hacked by Cloning Key Fob

Researchers in Belgium Find Tesla Model S Can be Hacked by Cloning Key Fob

Companies that use a similar keyless entry system, including Karma, McLaren, and Triumph (the motorcycle company), could be hacked by cloned key fobs.

Vineeth Joel Patel2018-09-16 16:30 PT

Elon Musk Says That Tesla Will Remain a Public Company

Elon Musk Says That Tesla Will Remain a Public Company

After consulting with major financial firms, Tesla's CEO has backtracked on his bid to take Tesla private. Elon Musk said that Tesla will remain a public company.

Eric Walz2018-08-25 14:30 PT

Morgan Stanley Ends Research Coverage of Tesla as the Automaker Mulls Going Private

Morgan Stanley Ends Research Coverage of Tesla as the Automaker Mulls Going Private

As Tesla CEO Elon Musk explores taking his electric car company private, one of the top Wall Street investment firms is recusing itself from researching Tesla’s financial health.

Eric Walz2018-08-21 17:38 PT

Tesla Shares Sink as CEO Elon Musk Gives Revealing New York Times Interview

Tesla Shares Sink as CEO Elon Musk Gives Revealing New York Times Interview

​In an emotional interview with the New York Times, Tesla CEO Elon Musk opened up about his difficult and stressful year he’s had trying to ramp up production of the Model 3, while simultaneously trying to control the company’s massive cash bleed. On Friday, the electric car maker’s stock fell to its lowest levels in five months.

Jeremy Carlton2018-08-17 15:58 PT

Tesla Well Within Reach of Building 8,000 Model 3’s Per Week

Tesla Well Within Reach of Building 8,000 Model 3’s Per Week

​Although Tesla is burning through cash at an alarming rate, it appears that the company has finally overcome what is called ‘production bottlenecks’ that were hampering production of its first mass-market electric car, the Model 3.

Eric Walz2018-08-16 11:23 PT

Tesla CEO Tweets About Taking Tesla Private, Elon Musk’s Cryptic Message to Short Sellers?

Tesla CEO Tweets About Taking Tesla Private, Elon Musk’s Cryptic Message to Short Sellers?

Tesla CEO Elon Musk surprised the business world today with a tweet suggesting he might take his electric car company private at $420 a share. He wrote that funding for the move is already secured.

Eric Walz2018-08-07 11:44 PT

Tesla CEO Elon Musk says Company is on Track to Build 6,000 Model 3’s Per Week

Tesla CEO Elon Musk says Company is on Track to Build 6,000 Model 3’s Per Week

Electric automaker Tesla released in its Q2 earnings today, and depending on who you ask, the numbers are not so bad. The company reported losses of $2.45 per share, slightly better than the $2.92 per share analysts predicted. Total revenue rose to $4 billion from $2.79 billion, beating the $3.92 billion in revenue forecasted by Reuters.

Derrick Smith2018-08-01 18:12 PT

Michigan-Based Consulting Firm Claims Tesla Model 3 is Most Profitable EV

Michigan-Based Consulting Firm Claims Tesla Model 3 is Most Profitable EV

After lambasting the Tesla Model 3 for its poor build quality, president of Michigan-based Munro & Associates, Sandy Munro, backpedaled and praised the electric sedan.

Vineeth Joel Patel2018-07-22 09:15 PT

Tesla to Build China Factory to Produce 500,000 Vehicles Annually

Tesla to Build China Factory to Produce 500,000 Vehicles Annually

Tesla CEO Elon Musk has secured a deal with Chinese authorities to build a vehicle assembly plant in Shanghai, its first factory outside the United States. The new factory will eventually increase Tesla’s total vehicle output by 50 percent.

Eric Walz2018-07-10 19:00 PT

Electric Automaker Tesla Raises Prices by Nearly 20 Percent in China

Electric Automaker Tesla Raises Prices by Nearly 20 Percent in China

In a response to President Trump's ongoing trade dispute between the U.S. and China, electric automaker Tesla has raised prices of its vehicles in the Chinese market around 20 percent.

Eric Walz2018-07-09 06:15 PT

Electric Automaker Tesla Hits Milestone, Builds 5,000 Model 3’s Last Week

Electric Automaker Tesla Hits Milestone, Builds 5,000 Model 3’s Last Week

Tesla CEO Elon Musk has been promising to eventually built 5000 of its mass market Model 3 electric cars each week since since the company began producing the cars last summer. At 5:00am Sunday morning, Tesla finally reached that goal.

Eric Walz2018-07-02 10:46 PT

Tesla Asking for an Additional $2,500 for Model 3 Orders

Tesla Asking for an Additional $2,500 for Model 3 Orders

According to a report by CNBC, Tesla has sent out emails to Model 3 reservation holders, asking them for an additional $2,500. While this seems kind of odd, the electric automaker did something similar with the Model S and Model X.

Vineeth Joel Patel2018-06-30 08:30 PT

NTSB to Investigate Tesla Model S Fire in California

NTSB to Investigate Tesla Model S Fire in California

The National Transportation Safety Board (NTSB) is sending a technical specialist to oversee Tesla’s examination of a Model S that caught fire while driving in slow moving traffic in Santa Monica, California last Friday, the agency said in a statement Monday.

Eric Walz2018-06-19 13:16 PT

Tesla to Cut 9 Percent of its Workforce in a ‘Difficult But Necessary’ Move

Tesla to Cut 9 Percent of its Workforce in a ‘Difficult But Necessary’ Move

Tesla CEO Elon Musk told employees it will cut about 9 percent of its workforce, eliminating mostly salaried positions CNBC has reported, after a internal email was leaked to the media.

Jacky Ho2018-06-12 12:40 PT

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