Tag Archives: Telsa

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Tesla debuts $35,000 Model 3, sees loss in first quarter

03 March, 2019 9:38 am 9:38 am

SAN FRANCISCO (Reuters) – Tesla Inc said on Thursday it would not be profitable in the first quarter, as it offered for the first time a $35,000 (£26,400) version of its Model 3 sedan and said its global sales would now be online-only, steps designed to increase demand and cut overhead costs for the electric … Read More




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Tesla’s Musk mocks SEC as judge demands they justify fraud settlement

10 October, 2018 10:00 am 10:00 am

NEW YORK (Reuters) – Tesla Inc’s  Elon Musk on Thursday mocked the US Securities and Exchange Commission, just hours after a federal judge ordered him and the regulator to justify their securities fraud settlement, which let Musk remain chief executive. “Just want to [sic] that the Shortseller Enrichment Commission is doing incredible work,” Musk, a … Read More




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Tesla must defend lawsuit alleging abuse of foreign workers

10 October, 2018 9:00 am 9:00 am

(Reuters) – A federal judge has ruled that Tesla must defend itself at a trial over allegations it knew foreign workers at its California assembly plant were threatened with deportation if they reported an injury and worked long shifts that violated forced labour laws. US District Judge Lucy Koh, in San Jose, California, dismissed most … Read More




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Mercedes unveils electric car in direct German challenge to Tesla

09 September, 2018 11:11 am 11:11 am

STOCKHOLM (Reuters) – Mercedes showed on Tuesday how it is “aggressively” gunning for top spot in upscale battery cars market currently dominated by Tesla, as it unveiled the EQC, its first fully electric car, at an event in Stockholm. The event marks the start of the German onslaught against the American upstart and showcased a … Read More




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BlackRock voted to replace Tesla’s Musk with independent chairman

08 August, 2018 10:07 am 10:07 am

NEW YORK (Reuters) – Funds run by BlackRock Inc  voted in favour of a recent shareholder proposal that would have required Tesla Inc  to replace Elon Musk with an independent chairman. BlackRock-managed funds voted for a measure requiring the chairman be an independent director, according to BlackRock’s filing with the U.S. Securities and Exchange Commission … Read More




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Drones and stakeouts: how Tesla ‘haters’ put pressure on CEO Mu...

08 August, 2018 10:42 am 10:42 am

SAN FRANCISCO/WASHINGTON (Reuters) – An online army of skeptics and amateur sleuths that has spent years promoting bets against Tesla Inc senses an opportunity to renew pressure on the electric carmaker after the failure of Chief Executive Elon Musk’s plan to take it private. A go-private deal at $420 a share announced by Musk in … Read More




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Exclusive: Tesla’s board seeking more information on Musk’s fin...

08 August, 2018 10:45 am 10:45 am

(Reuters) – Tesla Inc’s board has not yet received a detailed financing plan from CEO Elon Musk, and is seeking more information about how he will take the U.S. electric car maker private in a proposed deal worth $72 billion, people familiar with the matter said on Thursday. While Tesla’s board has held multiple discussions … Read More




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Doug Field, former Tesla engineering chief, returns to Apple

08 August, 2018 9:30 am 9:30 am

SAN FRANCISCO (Reuters) – Doug Field, who stepped down as the senior vice president of engineering at Telsa Inc  last month, is returning to Apple Inc , Apple told Reuters on Thursday. Field will be working with Apple executive Bob Mansfield, who has been heading up Apple’s self-driving car program, Project Titan. Field and Mansfield … Read More




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Inside Tesla’s troubled New York solar factory

08 August, 2018 12:17 pm 12:17 pm

SAN FRANCISCO/LOS ANGELES (Reuters) – Tesla Inc’s production of solar roof tiles has been delayed by assembly-line problems at its new publicly subsidized factory and difficulties producing a product that satisfies the aesthetic demands of CEO Elon Musk, eight former and current employees of both companies told Reuters. Repeated hold-ups since the Buffalo, New York … Read More




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Tesla buyout would add to year of pain for short-sellers

08 August, 2018 12:12 pm 12:12 pm

NEW YORK (Reuters) – It would be the ultimate black eye for short sellers. A buyout of electric carmaker Tesla Inc., led by entrepreneur CEO Elon Musk, would cap a painful ride for short sellers, who have amassed more than $13 billion in bets that the company will founder and deliver them a huge windfall. … Read More




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Tesla to close a dozen solar facilities in nine states: documents

06 June, 2018 9:36 am 9:36 am

LOS ANGELES/SAN FRANCISCO (Reuters) – Electric car maker Tesla Inc’s (TSLA.O) move last week to cut 9 percent of its workforce will sharply downsize the residential solar business it bought two years ago in a controversial $2.6 billion (£1.96 billion) deal, according to three internal company documents and seven current and former Tesla solar employees. … Read More




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