Elon Musk Promises Tesla Will Have a $25,000 EV by 2023

This isn’t the first time Tesla’s CEO has pitched the idea of an affordable electric car, but this time, Musk believes it’s possible because of its new tabless battery cells.

Vineeth Joel Patel2020-09-26 07:15 PT

Tesla Plans to Export its China-made Model 3s to Asia & Europe, Sources Say

Electric automaker Tesla is planning to export Model 3 sedans built at its Shanghai factory to Asia and Europe, according to sources. The first China-built Model 3s for delivery outside the country likely will start mass production in the fourth quarter, Bloomberg reports.

FutureCar Staff 2020-09-11 15:15 PT

Tesla Launches its New V3 Superchargers in Berlin, With More to Come

Tesla demonstrated new V3 supercharger equipment on a Berlin research campus on Thursday. Managers at Tesla said they were looking at more target cities to attract potential buyers in Germany worried about access to EV charging. The more powerful chargers can add 75 miles (120 km) of range to a Model 3 in five minutes.

FutureCar Staff 2020-09-10 16:55 PT

Tesla Forecasted to Sell in China 100,000 vehicles in China in 2020; Model 3 Was the Best Selling EV in China for the Past Two Months

U.S. electric automaker Tesla is expected to have impressive sales numbers for the rest of the year in China, according to China’s Passenger Car Association (CPCA), which tracks sales in the world’s biggest auto market. Tesla sales for 2020 are estimated to be 100,000+ vehicles, despite the effect of the pandemic earlier this year which led to the shut down of most of China’s auto production and sales.

FutureCar Staff 2020-08-12 19:30 PT

Tesla Reports its 4th Consecutive Profitable Quarter, Paving the Way to an Elite S&P 500 Listing

On Wednesday Tesla reported profitable second quarter earnings, which is its fourth consecutive profitable quarter for the company and paves the way for the company’s inclusion in the coveted S&P 500 index. The S&P 500 is largely considered an essential benchmark index for the U.S. stock market. The four consecutive profitable quarters are the first in Tesla’s history.

Eric Walz2020-07-22 15:15 PT

Tesla’s Recent Stock Surge Has Also Helped its Battery Supplier LG Chem

As a result of Tesla’s incredible stock surge, shares of South Korean battery maker LG Chem, have also risen by 60% this year to a valuation of about US$30 billion, becoming the sixth-largest stock on the benchmark The Korea Composite Stock Price Index (KOSPI). Part of LG Chem’s stock surge can be attributed to the deal to supply batteries to the electric automaker.

Derrick Smith2020-07-22 08:15 PT

Tesla Reports Better Than Expected Q2 Deliveries, Stock Reaches an All-Time High

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

Tesla is Cutting its Vehicle Prices in North America & China, Model 3 Now Starts at $37,990 in the U.S.

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

Tesla is Working on a New ‘Million Mile’ Battery That Will Lower the Cost of its Electric Vehicles

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 Halts Model 3 Production at its Shanghai Factory

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 Cuts the Price of its China-Made Model 3 by 10% Order to Qualify for China's Revised Subsidies for Electric Vehicles

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 Reports a Profitable First Quarter as Most of the Auto Industry Weathers the Coronavirus Pandemic

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

Tesla's Long-Range Model 3 Will Soon Enter Production in China

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

Tesla Getting Close to Debuting Model 3 with 400-Mile Range for China

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

Tesla Achieves its Best Ever Sales Month in China, the World’s Biggest Auto Market

​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

Tesla Engineers Share Details of a Prototype Ventilator Made With Electric Car Parts

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

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