Tesla Reaches a Major Milestone, Builds its 1,000,000th Vehicle

​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

Industry Analysis: It’s Now or Never for U.S. Automakers General Motors & Ford to Catch Up to Tesla

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 to Raise $2 Billion by Issuing New Shares

​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

Tesla Overtakes Volkswagen as the World’s Second Most Valuable Automaker

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 Announces it Will Use Baidu Maps in its China-Made Vehicles

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 NHTSA Will Review a Petition to Investigate Sudden Acceleration Complaints on Tesla Vehicles

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

Tesla Plans to Open a Design Center in China, Sends Out a Recruitment Notice on Social Media

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

Tesla’s Latest Stock Surge Raises its Market Value Higher Than Rivals GM & Ford Combined

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

Tesla Stock Hits A Record High as the Company Beats 2019 Delivery Targets

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

Tesla to Deliver the First China-made Model 3s on Dec. 30

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

Tesla Model 3's Built in China Will Be Eligible for New Energy Vehicle Subsidies

Tesla announced on Friday its Chinese-built Model 3 cars would receive state subsidies, a move that will help boost Tesla’s push into China, the world’s biggest market for EVs and an important market for the California-based electric automaker.

FutureCar Staff 2019-12-06 15:15 PT

Tesla Unveils the First Model 3 Sedans Made in China

Tesla unveiled its first run of vehicles built in China late last week, an important milestone for the company as it prepares to start sales of domestically made electric sedans in China. The Deep Metallic Blue-painted Model 3s include Tesla badging in Chinese characters, differentiating them from their U.S. built counterparts.

FutureCar Staff 2019-11-11 16:30 PT

Tesla Installs its 2,000th Supercharger in China as Shanghai Gigafactory Nears Completion

In preparation for an expected boom in electric car sales in mainland China, Tesla is busy installing EV charging infrastructure to meet demand. This week, Tesla installed its 2,000 Supercharger in China near Shanghai.

Eric Walz2019-11-01 11:00 PT

Tesla Given Green Light to Start Building Vehicles at its Shanghai Gigafactory

Tesla was added to a government list of approved automotive manufacturers, China’s industry ministry said on Thursday, as it granted the electric-vehicle maker a certificate to start production in the country.

FutureCar Staff 2019-10-17 14:45 PT

Consumer Reports Calls Telsa’s New Smart Summon Feature ‘Glitchy’

After thoroughly testing Tesla’s new Smart Summon feature, consumer watchdog publication Consumer Reports said automated parking system is “glitchy” and only works intermittently, raising questions about why Tesla released it to the public so soon.

Eric Walz2019-10-09 10:00 PT

Tesla’s Shanghai Factory is Gearing Up to Start Mass Production of the Model 3

A little over a year ago, electric automaker Tesla announced that it would built a factory in China, its first outside of the U.S. Over the past six months, construction of the factory has continued at a rapid pace, with the first Model 3s expected to roll off the assembly by the end of the month.

Eric Walz2019-10-03 11:15 PT

Tesla Reports a Record Quarter, Delivering 97,000 Electric Vehicles

Today, the California automaker Tesla reported Q3 deliveries of 97,000 vehicles, making it the biggest delivery quarter since the automaker went public in June of 2010.

Eric Walz2019-10-02 16:30 PT

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