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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

Tesla Launching Over $2 Billion in New Shares as its Cash Reserves Shrink

Tesla Launching Over $2 Billion in New Shares as its Cash Reserves Shrink

On Thursday, Tesla issues of new shares and debt worth more than $2 billion. Billionaire CEO Elon Musk is pitching in $10 million as the electric carmaker attempts to build up its cash reserves.

Eric Walz2019-05-02 08:00 PT

Tesla CEO Elon Musk and the SEC Ask for More Time to Reach Deal Over Musk’s Use of Twitter

Tesla CEO Elon Musk and the SEC Ask for More Time to Reach Deal Over Musk’s Use of Twitter

Tesla CEO Elon Musk and the U.S. Securities and Exchange Commission (SEC) on Thursday sought a second delay and requested to provide the court another joint submission on or before April 30, indicating whether they have reached an agreement to settle a dispute over Musk’s use of Twitter, both parties said in a court filing.

FutureCar Staff 2019-04-25 18:54 PT

Cornell Researchers Discover a New Way For Self-Driving Cars to ‘See’ Nearly as Well as Lidar Using Two Cameras

Cornell Researchers Discover a New Way For Self-Driving Cars to ‘See’ Nearly as Well as Lidar Using Two Cameras

Researchers at Cornell University have discovered a simpler method of 3D object detection for autonomous driving vehicles using two inexpensive cameras mounted on either side of the vehicle's windshield, which can detect objects with nearly the accuracy of lidar at a fraction of the cost.

Eric Walz2019-04-25 15:02 PT

Tesla Reports Q1 Loss of $702 Million, CEO Elon Musk Says the Company Will Return to Profit in Q3

Tesla Reports Q1 Loss of $702 Million, CEO Elon Musk Says the Company Will Return to Profit in Q3

Tesla CEO Elon Musk got a dose of reality as the electric automaker announced its 2019 first quarter earnings. The electric automaker posted a $702 million dollar loss or $4.10 per share amid slowing demand for the Model 3 and difficulties delivering the company’s first mass-market car to customers.

FutureCar Staff 2019-04-24 18:59 PT

Tesla Shares Details of its New Self-Driving Chipset at ‘Autonomy Investor Day’

Tesla Shares Details of its New Self-Driving Chipset at ‘Autonomy Investor Day’

​Tesla held its “Autonomy Investor Day” today at the automaker's Silicon Valley headquarters to provide analysts and investors with updates about the automaker’s autonomous driving hardware.

Eric Walz2019-04-22 18:24 PT

Tesla Stock Falls After Vehicle Deliveries Drop 31% in Q1

Tesla Stock Falls After Vehicle Deliveries Drop 31% in Q1

Electric automaker Tesla released its Q1 production numbers and vehicle deliveries yesterday showing a significant drop from Q4 2018. The automaker reported deliveries of 63,000 vehicles in the quarter, which is a jump of 110 percent from the same quarter last year, but 31 percent lower than Q4 2018.

FutureCar Staff 2019-04-04 12:22 PT

Federal Judge Dismisses Lawsuit Filed by Tesla Shareholders Over Model 3 Production Problems

Federal Judge Dismisses Lawsuit Filed by Tesla Shareholders Over Model 3 Production Problems

​A federal judge in San Francisco dismissed for the second time a securities fraud lawsuit brought by Tesla shareholders alleging that the company’s CEO Elon Musk and other executives made misleading comments about the production status of its Model 3

FutureCar Staff 2019-03-25 16:37 PT

Tesla Unveils the Model Y, the Company’s First Electric Crossover SUV

Tesla Unveils the Model Y, the Company’s First Electric Crossover SUV

Tesla will unveil its much anticipated Model Y electric crossover SUV tonight at the company’s design center in California. Tesla CEO Elon Musk has promised that a crossover model will join its lineup and the wait to see it is finally over.

Eric Walz2019-03-14 17:18 PT

Tesla Reverses Decision to Shut Down All of its Retail Stores, Will Keep Some Open & Raise Prices

Tesla Reverses Decision to Shut Down All of its Retail Stores, Will Keep Some Open & Raise Prices

Last week, Tesla CEO Elon Musk made a surprising announcement the the electric automaker would close all of its retail locations and move vehicle sales to online-only in a cost cutting move. Now Tesla is backtracking on its decision. Tesla said it will keep half of its retail locations open and raise prices by 3 percent for its high-end models.

FutureCar Staff 2019-03-11 14:29 PT

Tesla to Unveil the New Model Y Crossover on March 14, Could Become a Huge Hit

Tesla to Unveil the New Model Y Crossover on March 14, Could Become a Huge Hit

Tesla CEO Elon Musk made another surprising tweet over the weekend announcing the automaker’s next vehicle— the Model Y crossover. The official unveiling of the Model Y will take place on March 14 and the company’s design studio in Los Angeles.

Eric Walz2019-03-04 11:39 PT

Tesla Begins Taking Orders for the $35,000 Base Model 3

Tesla Begins Taking Orders for the $35,000 Base Model 3

Tesla has opened orders for the long-awaited $35,000 version of the Model 3. Customers can order the car beginning today. Tesla’s website says the $35,000 “standard range” Model 3 would be delivered within 2 to 4 weeks.

FutureCar Staff 2019-02-28 18:57 PT

Tesla Delivers the First Model 3's to China Ahead of Schedule

Tesla Delivers the First Model 3's to China Ahead of Schedule

State-funded Chinese news site The Paper reported on Friday that a cargo ship carrying more than 1,600 Tesla Model 3 vehicles had arrived in Shanghai. Tesla initially hoped to launch the Model 3 in China sometime in late March, so the automaker remains ahead of schedule.

FutureCar Staff 2019-02-22 17:59 PT

Consumer Reports Drops its Tesla Model 3 Recommendation Over Quality Issues

Consumer Reports Drops its Tesla Model 3 Recommendation Over Quality Issues

Tesla’s rush to deliver the new Model 3 sedan to customers may have led to quality control problems at the automaker’s Fremont, California assembly plant. Consumer Reports criticized the reliability of the company’s new Model 3 sedan and dropped it from its list of recommended vehicles for consumers.

FutureCar Staff 2019-02-21 17:15 PT

Tesla CEO Elon Musk Provides Updates in Q4 Earnings Call

Tesla CEO Elon Musk Provides Updates in Q4 Earnings Call

Tesla CEO Elon Musk had much to say on today’s Q4 earning call. He opened Wednesday’s call by saying that “Last year was definitely the most challenging year in Tesla’s history, but also the most successful.”

FutureCar Staff 2019-01-30 18:07 PT

Saudi Arabia’s Public Investment Fund Hedges its Stake in Tesla

Saudi Arabia’s Public Investment Fund Hedges its Stake in Tesla

Saudi Arabia’s Public Investment Fund (PIF) has cut its exposure to electric carmaker Tesla Inc. The move is a sign that the PIF is concerned about Tesla’s long-term profitability.

Eric Walz2019-01-28 11:32 PT

Tesla Reducing Production Hours for the Model S & Model X

Tesla Reducing Production Hours for the Model S & Model X

Electric automaker Tesla is cutting production hours for the Model S sedan and Model X SUV, a move which raised concerns about falling demand for the company’s most profitable models.

FutureCar Staff 2019-01-23 14:21 PT

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