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Tesla Reports Better Than Expected Q2 Deliveries, Stock Reaches an All-Time High

Tesla Reports Better Than Expected Q2 Deliveries, Stock Reaches an All-Time High

One day after electric automaker Tesla became the world’s most valuable automaker with a market cap of $206 billion, the California automaker reported vehicle deliveries which beat analysts expectations, sending the company’s stock to record highs. Shares of Tesla jumped by $85 in early trading on Thursday to $1,204, the highest stock price since Tesla became a public company in 2010.

FutureCar Staff 2020-07-02 11:00 PT

Tesla is Now the World’s Second Most Valuable Automaker as Shares Top $1,000 After CEO Elon Musk Announces Plans to Build its Semi Truck

Tesla is Now the World’s Second Most Valuable Automaker as Shares Top $1,000 After CEO Elon Musk Announces Plans to Build its Semi Truck

For the first time since Tesla became a public company in June 2010, the company’s shares have topped the $1,000 mark on news that Tesla Chief Executive Elon Musk told staff that it’s time for “volume production” of the semi truck. The fully-electric truck will reportedly have a range of over 600 miles.

Eric Walz2020-06-10 11:00 PT

Alameda County Orders Tesla to Cease Vehicle Manufacturing at its California Factory

Alameda County Orders Tesla to Cease Vehicle Manufacturing at its California Factory

After a series of angry tweets expressing his frustration with California's shelter-in-place orders that have resulted in the shutdown of Tesla Fremont, California factory since March, Tesla Chief Executive Elon Musk defied a county order and reopened the factory. The move prompted Alameda County, the county where Tesla's factory is located, to order the electric automaker to cease vehicle production at the plant.

FutureCar Staff 2020-05-12 14:00 PT

Tesla Opens its California Factory, Defying Local Orders to Keep it Closed Due to the Coronavirus

Tesla Opens its California Factory, Defying Local Orders to Keep it Closed Due to the Coronavirus

Tesla’s electric vehicle factory has been shut down since March 23 and thousands of its employees were furloughed due to the coronavirus pandemic. But Tesla Chief Executive Elon Musk wants it to reopen ASAP. So much so, that Musk is defying a county-wide order for the factory to remain closed. The plant was operational on Monday in direct violation of the local shelter-in-place orders.

FutureCar Staff 2020-05-11 13:45 PT

Tesla Reports a Profitable First Quarter as Most of the Auto Industry Weathers the Coronavirus Pandemic

Tesla Reports a Profitable First Quarter as Most of the Auto Industry Weathers the Coronavirus Pandemic

Tesla reported strong first quarter earnings in 2020, indicating that demand for its electric vehicles remains steady, despite a slowing economy due to the coronavirus pandemic. The company reported its third consecutive profitable quarter for the first time in its history.

FutureCar Staff 2020-04-30 09:00 PT

Tesla Engineers Share Details of a Prototype Ventilator Made With Electric Car Parts

Tesla Engineers Share Details of a Prototype Ventilator Made With Electric Car Parts

Amid the coronavirus pandemic, U.S. automakers including General Motors, Ford and Tesla are pitching in by offering to help build ventilators using their vast supplier networks or various car parts. Engineers at Tesla have already built a working prototype, which includes parts from the Model 3, including the electric car’s center-mounted touchscreen display.

Eric Walz2020-04-06 12:30 PT

The Model Y is the First Tesla Model to Use a Heat Pump

The Model Y is the First Tesla Model to Use a Heat Pump

Tesla Chief Executive Elon Musk recently took to Twitter to announce that Model Y will come with some special equipment, including a new heat pump.

Manish Kharinta2020-03-29 16:00 PT

Tesla Begins U.S. Deliveries of the Highly Anticipated Model Y

Tesla Begins U.S. Deliveries of the Highly Anticipated Model Y

Electric vehicle maker Tesla has started deliveries of its fourth vehicle, the Model Y crossover, which might become the most popular vehicle Tesla has ever built.

FutureCar Staff 2020-03-16 14:30 PT

Tesla Reaches a Major Milestone, Builds its 1,000,000th Vehicle

Tesla Reaches a Major Milestone, Builds its 1,000,000th Vehicle

​Electric automaker Tesla has reached a major milestone this week by building its one millionth vehicle. Tesla Chief Executive made the announcement in a Twitter post on Monday night.

FutureCar Staff 2020-03-10 15:50 PT

Electric Automaker Tesla to Raise $2 Billion by Issuing New Shares

Electric Automaker Tesla to Raise $2 Billion by Issuing New Shares

​Electric automaker Tesla continues its rapid rise, becoming the most valuable U.S. automaker by a wide margin, after its stock price more than doubled since the start of the new year. Now the California company plans to raise another $2 billion by issuing new shares of stock.

FutureCar Staff 2020-02-13 10:30 PT

Tesla’s Market Value More Than Doubles Since the Start of 2020, Topping $170 Billion

Tesla’s Market Value More Than Doubles Since the Start of 2020, Topping $170 Billion

On Tuesday, Tesla’s stock surged another 20%, reaching a record high of $960, more than double the company’s market value since the beginning of the year.

Eric Walz2020-02-04 11:05 PT

Tesla’s Latest Stock Surge Raises its Market Value Higher Than Rivals GM & Ford Combined

Tesla’s Latest Stock Surge Raises its Market Value Higher Than Rivals GM & Ford Combined

Its been an amazing run for the electric automaker to close out the final quarter of 2019. Tesla’s stock more than doubled in the last three months alone. On Monday, shares of Tesla surged 9% to a record high, closing at $547.41, boosting Tesla's market cap to nearly $97 billion.

FutureCar Staff 2020-01-14 16:15 PT

Tesla Stock Hits A Record High as the Company Beats 2019 Delivery Targets

Tesla Stock Hits A Record High as the Company Beats 2019 Delivery Targets

Electric automaker Tesla has experienced a big turnaround in the second half of 2019. The automaker’s stock has more than doubled over the last seven months, climbing from a 52 week low of $177 in May to a record high of $454 by year’s end, boosted by high demand for the mass-market Model 3 sedan.

Eric Walz2020-01-03 10:00 PT

Tesla Unveiled its New 'Cybertruck' Last Night in California to Mixed Reviews

Tesla Unveiled its New 'Cybertruck' Last Night in California to Mixed Reviews

Tesla unveiled its futuristic “Cybertruck” at a special event last night in California to a mixture of surprise and disappointment. Tesla CEO Elon Musk has been saying for the past year that the truck would be like no other pickup ever made and he was right about that.

Eric Walz2019-11-22 09:25 PT

Tesla Will Unveil its new Electric ‘Cybertruck’ on Nov 21

Tesla Will Unveil its new Electric ‘Cybertruck’ on Nov 21

Tesla plans to unveil its new electric pickup truck, which Muck calls a "cybertruck," on Nov. 21 in Los Angeles near the SpaceX rocket factory, Chief Executive Officer Elon Musk tweeted on Wednesday.

FutureCar Staff 2019-11-06 13:10 PT

Tesla Stock Soars After the Electric Automaker Reports Q3 Profit

Tesla Stock Soars After the Electric Automaker Reports Q3 Profit

Tesla’s long anticipated third quarter results were disclosed yesterday and the California automaker pleased investors as it reported a profitable quarter. Strong sales of the Model 3 helped Tesla’s bottom line, and sent it stock to an 8-month high rising 21% to $307.12 per share in after hours trading on Wednesday.

Eric Walz2019-10-24 07:00 PT

Elon Musk Confirms that the Tesla Roadster Will Take on the Famed Nürburgring

Elon Musk Confirms that the Tesla Roadster Will Take on the Famed Nürburgring

The historic racetrack in Germany will soon host a speed run for one of the most anticipated electric performance sports cars of all time, the Tesla Roadster.

Manish Kharinta2019-09-15 13:30 PT

Tesla’s Elon Musk & Alibaba Chairman Jack Ma to Speak at a Shanghai AI Conference This Week

Tesla’s Elon Musk & Alibaba Chairman Jack Ma to Speak at a Shanghai AI Conference This Week

Elon Musk and Alibaba Group Holding Ltd chairman Jack Ma will speak at a conference on artificial intelligence (AI) in Shanghai. The two entrepreneurs will have a conversation in front of an audience on Aug 29 at the World Artificial Intelligence Conference.

FutureCar Staff 2019-08-26 23:55 PT

Singapore Claims Teslas Are ‘Lifestyle’ Cars, Not Environmentally Conscious EVs

Singapore Claims Teslas Are ‘Lifestyle’ Cars, Not Environmentally Conscious EVs

Singapore, one of the few locations in the world that believes climate change is just as important as military defense, would rather see people in the city-state use mass transit than purchase a Tesla.

Vineeth Joel Patel2019-08-25 06:00 PT

Tesla Received a ‘Cease and Desist’ Letter From U.S. Regulators Last Year Over Model 3 Safety Claims

Tesla Received a ‘Cease and Desist’ Letter From U.S. Regulators Last Year Over Model 3 Safety Claims

Last October, Tesla received a cease-and-desist letter last year from regulators for making “misleading statements” over crash ratings for the Model 3 sedan, as well as two subpoenas related to crashes involving its cars.

Eric Walz2019-08-07 10:05 PT

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