China Will Exempt Tesla Vehicles From 10% Purchase Tax

In what could be a big boost for Tesla, China will exempt the automakers’ electric vehicles (EV) from purchase tax, the Ministry of Industry and Information Technology (MIIT) said on its website.

FutureCar Staff 2019-08-30 06:30 PT

Electric Automaker Tesla is Offering Auto Insurance in California

Electric automaker Tesla Inc announced today that the company is offering its own car insurance policies to Tesla vehicle owners in California. Tesla said owners will receive up to 20% lower rates, and in some cases as much as 30% reduction in their current premiums in California.

FutureCar Staff 2019-08-28 14:00 PT

Tesla is Once Again Raising Prices in China as the Sino-U.S. Trade War Drags On

U.S. electric vehicle maker Tesla Inc will raise prices in China on Friday, earlier than planned, and is considering increasing prices again in December should Chinese tariffs on U.S.-made cars take effect.

FutureCar Staff 2019-08-26 15:15 PT

German Car Rental Company Nextmove Cancels its $5M Tesla Order Over Quality Issues

Germany’s leading car rental company Nextmove cancelled its order for 100 Tesla Model 3's over quality issues.

FutureCar Staff 2019-08-16 09:45 PT

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 Drops its Lower-Priced Model S, X Variants, Cuts Price of Model 3 Sedan

In order to streamline its pricing strategy and boost sales of its lineup, Tesla CEO Elon Musk announced that the lower priced variants of the Model X and S will be discontinued. Along with the changes, Tesla announced that it is adjusting prices across the board to simply options for customers.

FutureCar Staff 2019-07-16 13:54 PT

BMW Unveils the Fully-Electric MINI Cooper With a Long List of Tech and Not Much Range

BMW is the latest global automaker to unveil a fully-electric model as the auto industry continues its gradual transition to battery-powered cars. The automaker revealed today the fully-electric version of the iconic MINI Cooper. It was the world’s first look at the compact electric car.

Eric Walz2019-07-09 18:40 PT

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

U.S. Waives Tariffs on Japanese Aluminum for Tesla Battery Cells

The U.S. Commerce Department has agreed to Tesla Inc’s request to waive 10 percent tariffs on imported aluminum from Japan used in the manufacture of battery cells at Tesla’s Nevada Gigafactory, government documents show.

FutureCar Staff 2019-06-25 05:00 PT

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 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

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

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

Volkswagen Begins Taking Pre-orders in Europe for the ID Electric Hatchback

German automaker Volkswagen AG is ready to take on Tesla in Europe with its first electric car. The automaker is now taking 1,000 euro deposits for its new fully-electric hatchback named the ID.3.

Eric Walz2019-05-08 13:00 PT

U.S. Reject Tesla’s Request for Tariff Exemption for the Model 3’s ‘Autopilot’ Computer

Tesla had asked U.S. trade officials for an exemption for the Model 3 CPU from the tariffs on electronics components, but the automaker was denied. The CPU that runs Tesla’s Autopilot automated driving feature is made by Chinese supplier Quanta Shanghai.

FutureCar Staff 2019-05-03 15:00 PT

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 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 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 Announces the $35,000 Standard Model 3 Can No Longer Be Purchased Online

In a blog post Thursday, Tesla announced that the $35,000 Model 3, the automaker’s first mass-market car, is no longer available for purchase on the company's website, instead customers will need to visit a Tesla store in-person or order it by phone.

Eric Walz2019-04-12 17:00 PT

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