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

Tesla Model 3 Sets New Delivery Record in Norway

In March, a total of 3,593 Model 3 sedans have been registered in Norway, making the electric vehicle the best-selling battery-powered vehicle in the country.

Vineeth Joel Patel2019-03-29 10:11 PT

Federal Judge Dismisses Lawsuit Filed by Tesla Shareholders Over Model 3 Production Problems

​A federal judge in San Francisco dismissed for the second time a securities fraud lawsuit brought by Tesla shareholders alleging that the company’s CEO Elon Musk and other executives made misleading comments about the production status of its Model 3

FutureCar Staff 2019-03-25 16:37 PT

The Trump Administration Says Ending the EV Tax Credit Will Save Taxpayers $2.5 Billion, Automakers Want it Extended

The Trump administration’s new budget proposal is seeking to eliminate the federal EV tax credit on the purchase of electric and hybrid vehicles in the U.S. Critics say the move will cause electric vehicles sales in to fall in the U.S.

Eric Walz2019-03-13 17:44 PT

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

State-Owned Shanghai Construction Group To Build Tesla’s New China GigaFactory

Electric automaker Tesla is getting a big helping hand from the Chinese government to build its new Gigafactory 3 in China. State-owned Shanghai Construction Group (SCG) will build the first phase of Tesla’s assembly factory in Shanghai.

FutureCar Staff 2019-03-07 13:04 PT

Tesla Unveils V3 Superchargers That Can Add 75 Miles of Range in 5 Minutes

Electric automaker Tesla announced its next-generation Superchargers on Thursday. The company said the new Superchargers can add 75 miles of range to a Tesla Model 3 in just 5 minutes.

Eric Walz2019-03-07 00:48 PT

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

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

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

The Hyundai Kona Electric Named Best EV of 2019 by Edmunds

The Hyundai Kona, the first electric SUV from the South Korean automaker, keeps racking up accolades from the automotive industry. The compact SUV was named the Edmunds Editors’ Choice for best EV of 2019.

FutureCar Staff 2019-02-12 13:47 PT