One day after electric automaker Tesla became the world’s most valuable automaker with a market cap of $206 billion, the California automaker reported vehicle deliveries which beat analysts expectations, sending the company’s stock to record highs. Shares of Tesla jumped by $85 in early trading on Thursday to $1,204, the highest stock price since Tesla became a public company in 2010.
FutureCar Staff 2020-07-02 11:00 PT
California electric automaker Tesla said on Wednesday it will cut prices of its electric vehicles in North America and China as the company ramps up production at its Fremont, California, factory after the easing of coronavirus lockdowns.
Eric Walz2020-05-27 07:00 PT
Electric automaker Tesla plans reveal its new advanced battery later this year which will debut in the China-made Model 3. The new low-cost battery is designed to last for one million miles and will allow Tesla to profitably sell its electric vehicles for around the same price of a gas-powered one.
Eric Walz2020-05-14 10:30 PT
Tesla has suspended production in China, according to Chinese tech news site 36kr. The company’s Shanghai factory is currently building the Model 3 sedan for the Chinese market and is Tesla's only overseas factory.
FutureCar Staff 2020-05-07 08:25 PT
Tesla announced it is lowering the price of its China-made Model 3 sedan by 10% in order to qualify for revised government subsidies for electric vehicles in China.
Eric Walz2020-05-01 11:30 PT
Tesla reported strong first quarter earnings in 2020, indicating that demand for its electric vehicles remains steady, despite a slowing economy due to the coronavirus pandemic. The company reported its third consecutive profitable quarter for the first time in its history.
FutureCar Staff 2020-04-30 09:00 PT
Two new versions of Tesla’s mass-market Model 3 went live on the company’s online design studio in China for the first time. The electric cars will be produced at the company's new Shanghai gigafactory.
Manish Kharinta2020-04-19 16:30 PT
While an impressive figure, that figure doesn't translate over to the same amount in the U.S., but could point toward future improvements.
Vineeth Joel Patel2020-04-11 08:00 PT
Electric automaker Tesla just had its best sales month ever in China despite the coronavirus pandemic which caused a big drop in new vehicle sales in China. The California automaker sold 10,160 vehicles in China in March, the China Passenger Car Association (CPCA) said on Thursday.
Eric Walz2020-04-09 13:30 PT
Amid the coronavirus pandemic, U.S. automakers including General Motors, Ford and Tesla are pitching in by offering to help build ventilators using their vast supplier networks or various car parts. Engineers at Tesla have already built a working prototype, which includes parts from the Model 3, including the electric car’s center-mounted touchscreen display.
Eric Walz2020-04-06 12:30 PT
Electric automaker Tesla has reached a major milestone this week by building its one millionth vehicle. Tesla Chief Executive made the announcement in a Twitter post on Monday night.
FutureCar Staff 2020-03-10 15:50 PT
As the shares of electric automaker Tesla soared since the beginning of the year, the company’s market capitalization surpassed both General Motors and Ford combined, which is an amazing accomplishment for the 17-year-old automaker. However, even before Tesla’s recent stock surge, it was still worth more than both GM and Ford individually, two legacy automaker’s with a 100-year head start on Tesla, leaving them struggling to catch up.
Eric Walz2020-02-15 07:00 PT
Electric automaker Tesla continues its rapid rise, becoming the most valuable U.S. automaker by a wide margin, after its stock price more than doubled since the start of the new year. Now the California company plans to raise another $2 billion by issuing new shares of stock.
FutureCar Staff 2020-02-13 10:30 PT
With the company's stock at record highs, electric automaker Tesla has overtaken Volkswagen to become the world's second most valuable automaker with a market cap topping the $100 billion mark on Wednesday.
FutureCar Staff 2020-01-23 10:50 PT
Tesla announced in a post on its official Chinese Weibo account that it will use Baidu’s mapping services for its vehicles in China. The company said that its map data service provider will be replaced by Baidu so Tesla owners can have a “better driving experience on the road.”
Eric Walz2020-01-21 14:30 PT
The National Highway Traffic Safety Administration (NHTSA) said Friday it will review a petition asking the agency to formally investigate and recall 500,000 Tesla electric vehicles, including the Model 3, over sudden acceleration reports. The petition covers the 2012 through 2019 model year Tesla Model S, 2016-2019 Tesla Model X SUV, and the 2018-2019 Tesla Model 3.
Eric Walz2020-01-17 14:00 PT
Electric automaker Tesla plans to open a design and research center in China to make what it called “Chinese-style” vehicles. The made the announcement in a recruitment notice on the Chinese social media platform WeChat, which is the equivalent of Twitter in China.
FutureCar Staff 2020-01-16 11:35 PT
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
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
Less than twelve months after construction began, electric automaker Tesla will deliver the first Model 3 sedans built at the company’s new Shanghai gigafactory.
Eric Walz2019-12-27 09:30 PT
Manish KharintaJun 28, 2020 4:00 PM PT
Vineeth Joel PatelJun 28, 2020 6:00 AM PT
Vineeth Joel PatelJun 27, 2020 6:00 AM PT
Vineeth Joel PatelJun 26, 2020 4:30 PM PT