Tesla CEO Elon Musk Claims Demand Is Not Waning

Despite recent reports stating that Tesla is struggling and that demand for the brand’s electric cars is dropping, CEO Elon Musk told investors that sales and production are still doing well.

Vineeth Joel Patel2019-06-14 13:00 PT

Tesla Denied Tariff Exemption for Chinese-made CPU in the Model 3

Electric automaker Tesla sought since last summer a tariff exemption for the Chinese made “brain” or CPU that is used in the Model 3 and another for the center-mounted touchscreen display. Both requests have been officially denied.

Eric Walz2019-06-13 11:41 PT

Tesla Continues to Outsell Competitors, Sees Strong Demand for Model 3

After a disappointing first quarter, Tesla’s sales look like they’re bouncing back for the second quarter as Model 3 registrations surged.

Vineeth Joel Patel2019-06-07 10:16 PT

Tesla CEO Claims Electric Pickup Will be Better Than Ford F-150, Porsche 911

All while costing approximately $50,000.

Vineeth Joel Patel2019-06-06 05:00 PT

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

Consumer Reports Says Tesla’s Autopilot Performs Worse Than a Human Driver

Consumer watchdog organization Consumer Reports (CR) recently conducted its own test of Tesla’s new “Navigate on Autopilot” update and concluded that it doesn’t work as well as Musk claims. In fact, using it could be a potential safety risks for drivers.

Eric Walz2019-05-22 12:22 PT

Tesla CEO Elon Musk Claims Automaker Will Be out of Money Within 10 Months, Launches “Hardcore” Changes

In an all-staff email obtained by Reuters and Electrek, Elon Musk told employees that the electric automaker would run out of money in roughly 10 months, claiming that “hardcore” cost-cutting efforts are needed to keep the company afloat.

Vineeth Joel Patel2019-05-22 05:00 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

Tesla Claims Affordable Autonomous Cars Aren’t Possible Without China

Because of tariffs that Donald Trump put into place on Chinese-made automotive parts and the U.S.’ government’s decision to reject a tariff exemption on Tesla’s brain for its Autopilot, affordable autonomous cars might not happen.

Vineeth Joel Patel2019-05-08 09:17 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’s Long Range Model S Now Has a Range of 370 Miles

The electric automaker also updated the Model X to increase range to 325 miles.

Vineeth Joel Patel2019-04-26 05:00 PT

Tesla CEO Elon Musk and the SEC Ask for More Time to Reach Deal Over Musk’s Use of Twitter

Tesla CEO Elon Musk and the U.S. Securities and Exchange Commission (SEC) on Thursday sought a second delay and requested to provide the court another joint submission on or before April 30, indicating whether they have reached an agreement to settle a dispute over Musk’s use of Twitter, both parties said in a court filing.

FutureCar Staff 2019-04-25 18:54 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

CNBC Report Claims Tesla’s EVs Store Unencrypted Crash Data, Navigation Information

A security researcher extracted unencrypted data from Tesla vehicles and found that the electric vehicles held on to a lot of unencrypted data.

Vineeth Joel Patel2019-04-06 07:00 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