Follow
Subscribe
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

Tesla to Cut 7% of its Workforce to Help Lower the Costs of Model 3 Production

Tesla to Cut 7% of its Workforce to Help Lower the Costs of Model 3 Production

Electric automaker Tesla, fresh off its best sales year in the company’s history, announced today it will lay off about 7 percent of its full-time workforce. Tesla CEO Elon Musk said the move is necessary to help lower the costs associated with production of the Model 3

Eric Walz2019-01-18 11:59 PT

Tesla Seeking Tariff Exemption for the Chinese-made “Brain” of the Model 3 Sedan

Tesla Seeking Tariff Exemption for the Chinese-made “Brain” of the Model 3 Sedan

When the Trump administration slapped a 25 percent tariff on the Chinese-made components, one of the items was the processing unit used in the Tesla Model 3. Now Tesla is seeking a tariff exemption for it.

FutureCar Staff 2019-01-07 15:55 PT

Tesla Announces Price Cuts & Record Output While Stock Slips on Expected Falling Demand

Tesla Announces Price Cuts & Record Output While Stock Slips on Expected Falling Demand

Electric automaker Tesla said it is cutting prices of the Model 3, Model S and Model X SUV by $2,000. Tesla’s surprise announcement weighed on the stock, pushing it down nearly 7 percent, as investors see it as a sign that Tesla may experience softer demand for the Model 3 going forward as the $7,500 federal EV tax credit is halved.

FutureCar Staff 2019-01-02 18:32 PT

Tesla Facing Sales Slowdown as the $7,500 Federal EV Tax Credit Ends Jan 1

Tesla Facing Sales Slowdown as the $7,500 Federal EV Tax Credit Ends Jan 1

Now that Tesla has reached sales of 200,000 electric vehicles, the $7,500 federal EV tax credit offered to buyers is being cut in half to $3,750 beginning Jan 1.

Eric Walz2018-12-31 10:05 PT

Co-Founder of Oracle Larry Ellison Joins Tesla’s Board

Co-Founder of Oracle Larry Ellison Joins Tesla’s Board

Tesla has added two new members to its board on Thursday. The electric automaker named Oracle co-founder Larry Ellison and Kathleen Wilson-Thompson to its board in compliance with an SEC settlement reached in September.

FutureCar Staff 2018-12-28 11:36 PT

Tesla Begins Taking Model 3 Reservations in China

Tesla Begins Taking Model 3 Reservations in China

Electric automaker Tesla has opened reservations in China to purchase the Tesla Model 3. Beginning today, customers in China can reserve their Model 3 with a deposit of 8,000 yuan ($1,153.60), according to Tesla’s China website

Eric Walz2018-11-16 11:32 PT

Tesla Releases its Q3 Earnings Report, CEO Elon Musk Calls it 'Truly Historic'

Tesla Releases its Q3 Earnings Report, CEO Elon Musk Calls it 'Truly Historic'

Tesla announced its Q3 earning today and CEO Elon Musk called the company’s Q3 performance “truly historic”. The company posted a GAAP of $312 million on a record $6.8 billion in revenue, boosted by sales of the Model 3.

FutureCar Staff 2018-10-24 16:57 PT

Tesla Offering a New Mid-Range Battery Option for the Model 3

Tesla Offering a New Mid-Range Battery Option for the Model 3

Tesla is offering a new a mid-range version of the Model 3, with an estimated range of 260 miles. The new mid-range Model 3 is priced at $45,000 before incentives.

FutureCar Staff 2018-10-18 16:40 PT

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

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

Saudi Arabia Public Investment Fund in Talks to Invest $1 Billion in Tesla Rival Lucid Motors

Saudi Arabia Public Investment Fund in Talks to Invest $1 Billion in Tesla Rival Lucid Motors

According to a Reuters report, the Saudi Arabia sovereign wealth fund is in talks to invest in luxury electric car startup Lucid Motors, people familiar with the matter said on Sunday. Sources told Reuters that the PIF and Lucid Motors have drawn up a term sheet under which PIF could invest more than $1 billion in Lucid Motors and obtain a majority ownership.

Eric Walz2018-08-20 12:13 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

  Home Prev 1 2 3 Next