Tag Archives: TESLA


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Tesla move will draw further companies into Germany: state premier

12 December, 2019 6:00 pm 6:00 pm

FRANKFURT (Reuters) – Tesla announced earlier this month that it will build its first European factory near Berlin will draw further companies from the electric mobility and energy storage sectors into Germany, a state premier told newspaper Die Welt. “They are already on their way. I’m hearing there are further inquiries with the communities and … Read More


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Tesla needs more time to turn profit; founding engineer steps down

07 July, 2019 9:03 am 9:03 am

(Reuters) – Tesla Inc pushed back its profit timeline once again after missing financial targets in the second quarter, while announcing that the pioneer of the company’s electric batteries, JB Straubel, was stepping down from his role as chief technology officer. A quarterly loss was deeper than expected, and despite record deliveries in the quarter, … Read More


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US rejects Tesla bid for tariff exemption for Autopilot ‘brain’

05 May, 2019 8:18 am 8:18 am

WASHINGTON (Reuters) – US trade officials rejected Tesla Inc’s bid for relief from President Donald Trump’s 25-percent tariffs on the Chinese-made Autopilot “brain” of its Model 3 and other electric vehicles, one of more than 1,000 product denials linked to China’s industrial development plans. According to documents filed by the US Trade Representative’s office (USTR) … Read More


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China customs lifts suspension on Tesla Model 3 imports

03 March, 2019 9:02 pm 9:02 pm

BEIJING (Reuters) – China’s customs authority has lifted its suspension on imports of Tesla Model 3, an official in the authority’s news department told Reuters on Thursday. “We can confirm that the warning notice on Tesla has been cancelled,” said the official, who only gave his surname as Tao. Tesla declined to comment. Two sources … Read More


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Tesla showroom in southern UK damaged by ‘accidental’ fire

03 March, 2019 8:19 am 8:19 am

LONDON (Reuters) – British firefighters said they had brought a serious fire at a Tesla showroom in southern England under control hours after it broke out. The showroom was “well alight” when firefighters were called to the dealership in Crawley but the blaze was brought under control after two hours, said the West Sussex Fire … Read More


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Tesla CFO leaves as automaker promises profits and cheaper cars

01 January, 2019 8:46 am 8:46 am

(Reuters) – Tesla Inc’s chief financial officer will leave the company as the automaker  promised cheaper Model 3 sedans, the launch of Chinese production this year and profits in every quarter in 2019. The departure of Deepak Ahuja as well as missing Wall Street profit targets for the end of 2018, sent Tesla shares down … Read More


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Tesla cuts jobs as it looks to make Model 3 more affordable

01 January, 2019 10:04 am 10:04 am

CALIFORNIA (Reuters) – Tesla Inc said it would cut thousands of jobs to rein in costs as it plans to increase production of lower-priced versions of its crucial Model 3 sedan, sending its shares down as much as 10 percent. The company, which has struggled to achieve long-term profitability and keep a tight lid on … Read More


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SpaceX to layoff 10 percent of workforce

01 January, 2019 11:05 am 11:05 am

CALIFORNIA (Reuters) – Elon Musk’s rocket company SpaceX will reduce its workforce by about 10 percent of the company’s more than 6,000 employees, it said. The company said it will “part ways” with some of its manpower, citing “extraordinarily difficult challenges ahead.” “To continue delivering for our customers and to succeed in developing interplanetary spacecraft … Read More


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GM’s Cadillac will introduce EV in fight against Tesla

01 January, 2019 9:59 am 9:59 am

WASHINGTON (Reuters) – Cadillac is expected to become General Motors Co’s (GM.N) lead electric vehicle brand as the largest US automaker gears up to introduce a new model under that luxury marquee to challenge Tesla Inc (TSLA.O), two people briefed on the matter said Thursday. GM is set to announce Friday as part of an … Read More


Tesla urges tariff exemption for Chinese-made car computer ‘brainR...

01 January, 2019 8:57 am 8:57 am

WASHINGTON (Reuters) – Tesla Inc has asked the Trump administration to exempt the Chinese-made car computer “brain” of its new Model 3 sedan from 25 percent tariffs imposed in August, saying they threaten the electric carmaker’s bottom line. “Increased tariffs on this particular part cause economic harm to Tesla, through the increase of costs and … Read More


Tesla cuts China prices after tariff drop on US-made cars

12 December, 2018 8:26 am 8:26 am

BEIJING (Reuters) – Tesla Inc has cut prices on its Model S and Model X vehicles in China after Beijing suspended additional tariffs on US-made cars. According to the electric carmaker’s Chinese website, the price of certain Model S cars was cut by up to 105,000 yuan ($15,200), and Model Xs by up to 65,000 … Read More


SpaceX launches biggest US ‘rideshare’ mission with 64 satellit...

12 December, 2018 10:54 pm 10:54 pm

CALIFORNIA (Reuters) – Elon Musk’s SpaceX launched a Falcon 9 rocket from California  carrying 64 small satellites into low orbit around the Earth, which the company called the largest-ever “rideshare” mission by a US-based rocket. The mission, dubbed SSO-A, also marked the third voyage to space for the same Falcon 9 rocket – another milestone … Read More


Tesla achieves Model 3 production of 1,000 cars per day

12 December, 2018 9:49 am 9:49 am

CALIFORNIA (Reuters) – Tesla Inc met its production target of 1,000 Model 3 cars per day, automotive news website Electrek reported , citing Chief Executive Officer Elon Musk’s email to employees. The car was introduced to the public in early 2016 amid great fanfare, with repeated promises throughout 2017 that Tesla was “on track” to … Read More


Tesla starts taking Model 3 orders in China

11 November, 2018 9:39 am 9:39 am

CALIFORNIA (Reuters) – Tesla Inc has started taking orders for its Model 3 sedan in China for a deposit of 8,000 yuan ($1,153.60), according to the electric carmaker’s China website. Chief Executive Officer Elon Musk said, “Probably some deliveries in March, but April is more certain”, after a Twitter user asked when the deliveries in … Read More


Shareholder firm ‘Baillie Gifford’ willing to invest more in T...

10 October, 2018 11:34 am 11:34 am

LONDON (Reuters) – Baillie Gifford & Co, one of the top shareholders of Tesla Inc, has said it would be willing to inject more cash into the electric carmaker, the Times reported on Monday. “If he (Tesla CEO Elon Musk) needs more capital we would be willing to back him,” the Times quoted Nick Thomas, … Read More