Local Residents File Complaints Over Tesla’s Berlin Plant

The electric automaker is facing backlash from local Berlin residents who have filed hundreds of complaints ranging from noise pollution to water usage.

Vineeth Joel Patel2020-09-27 07:00 PT

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

Panasonic Expanding Footing at Tesla Gigafactory for Improved Battery Capacity

Tesla and longtime partner Panasonic are taking another step, as reports indicate that the battery manufacturer is looking to add an additional production line to the automaker’s facility in Nevada.

Vineeth Joel Patel2020-09-12 07:30 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 Shares Fall 21% After S&P 500 Exclusion & GM Acquires a Stake in Rival Nikola Motor

Tesla's rising stock price has been hit by the unpredictable realities of the financial markets. On Tuesday, U.S. automaker General Motors announced its taking a $2 billion stake in electric truck startup and Tesla rival Nikola Motor Company. The announcement follows last Friday's news that Tesla missed out on being included in the elite S&P 500 stock index, sending its shares down 21.6% today, the biggest one day drop in Tesla's history.

FutureCar Staff 2020-09-08 17:00 PT

The Latest Version of Tesla’s Autopilot Can Read Speed Limit Signs, Along with Other New Features

Tesla vehicles with the latest version of Autopilot get a new feature called “Speed Assist” which uses the vehicle’s cameras to detect speed limit signs to improve the accuracy of speed limit data on local roads, Tesla announced.

Eric Walz2020-09-01 14:15 PT

Tesla Launches $5 Billion Capital Raise As Investors Drive Up its Stock Price

On Tuesday, electric automaker Tesla unveiled its biggest program of new share sales as a public company, seeking to cash in on soaring Wall Street interest in the electric carmaker. The new share sales will raise up to $5 billion, which would beef up the company's cash reserves for any future debts.

FutureCar Staff 2020-09-01 10:00 PT

A Cheaper Tesla Model 3 Hatchback is Reportedly Coming Next Year

Finding a Model 3 at the automaker’s boasted price of $35,000 is a difficult task, but a more affordable variant of Tesla’s smallest vehicle is reportedly going to arrive in 2021.

Vineeth Joel Patel2020-08-30 18:00 PT

Tesla Chief Elon Musk Drops Hints About the Company’s New Advanced EV Batteries

Electric automaker Tesla is getting ready for its “Battery Day” event on Sept 22, in which the company will reveal details about its new highly advanced batteries that promise to extend the range of its electric vehicles. On Monday, Tesla Chief Executive Elon Musk dropped some battery hints for the first time on Twitter.

Eric Walz2020-08-25 09:00 PT

Tesla Vehicles Made Up 80% of all EV Sales in the First Half of 2020  

Despite some changes in pricing, more competition from rivals, and the disappearance of the federal tax credits, Teslas are still the most popular electric vehicles in the United States.

Vineeth Joel Patel2020-08-22 05:30 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 Tops J.D. Power’s 2020 APEAL Study

The analytics and consumer company’s study measures how much joy a new vehicle brings its owners. Unfortunately, the electric automaker’s score was unofficial.

Vineeth Joel Patel2020-07-27 06:30 PT

Tesla Sues Electric Truck Startup Rivian for Stealing Trade Secrets

​Electric automaker Tesla has filed a lawsuit in California against electric truck maker Rivian, accusing the startup of stealing trade secrets and poaching employees. In its suit, Tesla claims that Rivian displayed an “alarming pattern” of poaching its employees and stealing trade secrets. However, Rivian has denied the allegations.

Jeremy Carlton2020-07-24 14:30 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 Could Receive $65 Million in Tax Breaks for Cybertruck Factory in Texas

The battle to woo Tesla for its Cybertruck factory continues to heat up, as Texas is the latest to dangle excessive tax breaks to the electric automaker.

Vineeth Joel Patel2020-07-19 06:00 PT

German Court Bans Tesla’s ‘Misleading’ Ads About the Company’s Self-Driving Capabilities

Germany has banned Tesla from repeating what a court says are “misleading” advertising statements relating to the capabilities of its Autopilot driver assistance system, a Munich court ruled on Tuesday.

Jeremy Carlton2020-07-14 14:00 PT

Tesla is ‘Very Close’ to Level-5 Autonomous Driving, Chief Executive Elon Musk Says

Tesla Chief Executive Elon Musk says that Tesla is “close” to achieving Level-5 autonomous driving. Musk made the comments in remarks made via a video message at the opening of Shanghai’s annual World Artificial Intelligence Conference (WAIC). However, skeptics believe Level-5 autonomy is still years away.

Jeremy Carlton2020-07-09 10:00 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