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

Tesla’s CEO Showcases How EVs Will Talk to Pedestrians

Tesla continues to push the envelope with its electric cars, as CEO Elon Musk claims that its vehicles will be able to talk to pedestrians – if that’s what the driver wants.

Vineeth Joel Patel2020-01-18 06:00 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

NHTSA to Investigate Deadly Accident Involving Tesla Model S in California

An accident involving a Tesla Model S and a Honda Civic left two passengers dead took place on December 29 and will be investigated by the federal government.

Vineeth Joel Patel2020-01-04 06:00 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

Despite Push from U.S. Automakers, Bill to Extend EV Tax Credit is Not Expected to Be Included in Year-End Budget Deal

It looks as though time is running out on a bill to extend the federal electric vehicle tax credit. Automakers, including General Motors and Tesla, as well as congressional aides, said they do not expect the U.S. Congress will extend a $7,500 tax credit for electric vehicles in a year-end spending bill expected to be released later today.

FutureCar Staff 2019-12-16 14:45 PT

Tesla’s Premium Connectivity Features to Cost $10 a Month

Tesla’s tiers of features, Standard Connectivity and Premium Connectivity, will go into effect at the end of the year and require consumers wanting premium features to fork over $10 a month.

Vineeth Joel Patel2019-12-16 09:00 PT

Tesla Introducing Dedicated Service Centers for the Original Roadster

Tesla knows that owners of the original Roadster have been missing out on decent service, which is why the electric automaker is introducing a “dedicated channel” for owners of the EV.

Vineeth Joel Patel2019-12-13 16:05 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

With 200,000 Reservations Since Last Week, Tesla’s New Cybertruck Ignites Interest in Electric Pickups

Despite the unusual appearance of the Tesla Cybertruck, reservations for it topped 200,000 in just a matter of days, according to Tesla. The slew of reservations might be a good indicator of the growing interest in electric pickups.

Eric Walz2019-11-25 16:45 PT

Tesla Unveiled its New 'Cybertruck' Last Night in California to Mixed Reviews

Tesla unveiled its futuristic “Cybertruck” at a special event last night in California to a mixture of surprise and disappointment. Tesla CEO Elon Musk has been saying for the past year that the truck would be like no other pickup ever made and he was right about that.

Eric Walz2019-11-22 09:25 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

Elon Musk Confirms Higher Capacity Battery Packs for the Tesla Model S/X Plaid Variants

Elon Musk announced this week that Tesla plans on using higher capacity battery packs for the Tesla Model S and Model X Plaid variants.

Manish Kharinta2019-11-09 12:30 PT

Tesla Will Unveil its new Electric ‘Cybertruck’ on Nov 21

Tesla plans to unveil its new electric pickup truck, which Muck calls a "cybertruck," on Nov. 21 in Los Angeles near the SpaceX rocket factory, Chief Executive Officer Elon Musk tweeted on Wednesday.

FutureCar Staff 2019-11-06 13:10 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 Stock Soars After the Electric Automaker Reports Q3 Profit

Tesla’s long anticipated third quarter results were disclosed yesterday and the California automaker pleased investors as it reported a profitable quarter. Strong sales of the Model 3 helped Tesla’s bottom line, and sent it stock to an 8-month high rising 21% to $307.12 per share in after hours trading on Wednesday.

Eric Walz2019-10-24 07:00 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