Tag Archives: TESLA

Tesla firing employees stay at home

Tesla denies reports of firing employees who chose to stay at home

07 July, 2020 8:57 am 8:57 am

(Reuters) – Tesla Inc denied media reports and said it had not fired employees who chose to stay at home during the coronavirus pandemic over safety concerns at the carmaker’s California factory. The electric carmaker said in a blog post it had waived its attendance policy for several weeks after getting approval to reopen factories … Read More

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Tesla suspends production at US vehicle factory due to coronavirus

03 March, 2020 8:40 am 8:40 am

(Reuters) – Tesla Inc on Thursday ended a standoff with local California authorities concerned about the spread of the coronavirus, saying it will suspend production at its San Francisco Bay Area vehicle factory on March 24. The company said its New York solar roof tile factory will also temporarily suspend production, while operations at its … Read More

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Musk nears $346 million payday as Tesla market value soars

01 January, 2020 9:38 pm 9:38 pm

SAN FRANCISCO (Reuters) – Tesla Inc Chief Executive Elon Musk is coming close to earning the first $346 million tranche of options in a record-breaking pay package, after the electric vehicle maker’s stock more than doubled in the last three months. Shares of Tesla surged 9% to a record high on Monday. They need to … Read More

TESLA California factory claiming racism

Tesla must face lawsuit claiming racism at California factory

01 January, 2020 6:40 pm 6:40 pm

(Reuters) – A federal judge rejected Tesla Inc’s effort to dismiss claims by two former workers that the California electric car factory where they worked was a hotbed of racial hostility, clearing the way for a possible trial. In a decision on Monday, US District Judge William Orrick in San Francisco found open questions over … Read More

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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


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