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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

Tesla Shares, Bonds Under Pressure as Elon Musk Warns of Shrinking Profits in Q3

Tesla Shares, Bonds Under Pressure as Elon Musk Warns of Shrinking Profits in Q3

Shares of Tesla Inc (TSLA.O) sank 14% on Thursday and its bonds traded lower, a day after the electric carmaker said it needed more time to turn a profit, reported lower margins and announced the departure of its CTO.

FutureCar Staff 2019-07-25 17:25 PT

Tesla Delivers a Record Number of Electric Vehicles in the Quarter

Tesla Delivers a Record Number of Electric Vehicles in the Quarter

Electric automaker Tesla just posted its biggest delivery quarter ever. The company reported that it delivered 77,550 Model 3s in the second quarter, easily beating Wall Street expectations amid concerns about dwindling demand for its electric vehicles.

FutureCar Staff 2019-07-03 07:30 PT

Tesla Says Battery Module to Blame For Car Fire in Shanghai

Tesla Says Battery Module to Blame For Car Fire in Shanghai

Electric vehicle (EV) maker Tesla said on Friday that a single battery module caused a Model S sedan to catch fire in Shanghai and it had revised its vehicle settings to further protect its batteries.

FutureCar Staff 2019-06-28 06:00 PT

Tesla's Senior Production Executive at Fremont Factory Quits

Tesla's Senior Production Executive at Fremont Factory Quits

Tesla's vice president of production at its Fremont factory, Peter Hochholdinger, has left after three years with the electric-car maker. He is the latest high-profile executive to leave Tesla in the past two years as the automaker struggles to ramp up production of Model 3.

FutureCar Staff 2019-06-27 00:00 PT

Tesla CEO Elon Musk Claims Demand Is Not Waning

Tesla CEO Elon Musk Claims Demand Is Not Waning

Despite recent reports stating that Tesla is struggling and that demand for the brand’s electric cars is dropping, CEO Elon Musk told investors that sales and production are still doing well.

Vineeth Joel Patel2019-06-14 13:00 PT

Tesla Denied Tariff Exemption for Chinese-made CPU in the Model 3

Tesla Denied Tariff Exemption for Chinese-made CPU in the Model 3

Electric automaker Tesla sought since last summer a tariff exemption for the Chinese made “brain” or CPU that is used in the Model 3 and another for the center-mounted touchscreen display. Both requests have been officially denied.

Eric Walz2019-06-13 11:41 PT

Tesla CEO Claims Electric Pickup Will be Better Than Ford F-150, Porsche 911

Tesla CEO Claims Electric Pickup Will be Better Than Ford F-150, Porsche 911

All while costing approximately $50,000.

Vineeth Joel Patel2019-06-06 05:00 PT

Tesla CEO Elon Musk Says the Automaker is On Track for the Biggest Sales Quarter in its History

Tesla CEO Elon Musk Says the Automaker is On Track for the Biggest Sales Quarter in its History

A leaked email from Tesla CEO Elon Musk to employees revealed that Tesla might finally be solving many of its production and logistics problems. The email to employees noted that Tesla is on track to deliver a record number of cars in the second quarter.

FutureCar Staff 2019-05-23 13:40 PT

Consumer Reports Says Tesla’s Autopilot Performs Worse Than a Human Driver

Consumer Reports Says Tesla’s Autopilot Performs Worse Than a Human Driver

Consumer watchdog organization Consumer Reports (CR) recently conducted its own test of Tesla’s new “Navigate on Autopilot” update and concluded that it doesn’t work as well as Musk claims. In fact, using it could be a potential safety risks for drivers.

Eric Walz2019-05-22 12:22 PT

The NTSB Determines Tesla ‘Autopilot’ Was Engaged Before Fatal Crash in Florida

The NTSB Determines Tesla ‘Autopilot’ Was Engaged Before Fatal Crash in Florida

After a fatal accident in Florida involving a Tesla Model S operating in “Autopilot” mode, the National Highway Safety Board (NHSB) launched an investigation. The preliminary report determined that the driver engaged Autopilot around 10 seconds before crashing.

FutureCar Staff 2019-05-16 15:00 PT

Tesla Receives the Strongest Organic Engagement on Social Media

Tesla Receives the Strongest Organic Engagement on Social Media

A new report compared the advertising budget of different companies from the automotive industry to their total online user engagement across popular social media platforms. Tesla by far had the highest number of organic engagements.

Manish Kharinta2019-05-11 11:30 PT

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