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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

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

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