Tag Archives: TESLA

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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 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. Read More

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ELON MUSK SPACE X TESLA The Hawthorne SpaceX’s Starlink programme

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 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 Read More

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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 Read More

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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 Read More

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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 Read More

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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 Read More

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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 Read More

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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) Read More

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Tesla’s Elon Musk says tweet that led to $20 million fine ‘Wort...

10 October, 2018 9:11 am 9:11 am

CALIFORNIA (Reuters) – Tesla Inc Chief Executive Elon Musk said the tweet that cost him and the company $20 million in fines each by the US Securities and Exchange Commision was “Worth It”. The tweet, sent less than an hour Read More

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Tesla shares jump as Musk delivers quarterly profit, cash

10 October, 2018 8:50 am 8:50 am

SAN FRANCISCO (Reuters) – Tesla Inc reported a net profit, positive cash flow and wider-than-expected margins for the latest quarter , delivering on Chief Executive Elon Musk’s promise to turn the electric carmaker profitable as higher production volumes of its Read More

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Tesla secures Shanghai site for $2 billion China Gigafactory

10 October, 2018 9:45 am 9:45 am

BEIJING (Reuters) – Tesla Inc  has signed an agreement with the Shanghai government for an 860,000 square metre plot of land to build its first overseas Gigafactory, the electric carmaker said in a Chinese social media post. The land agreement Read More

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Tesla makes 7,400 Model 3s so far in October: Electrek

10 October, 2018 9:40 am 9:40 am

CALIFORNIA  (Reuters) – Tesla Inc has produced more than 11,500 cars, including about 7,400 Model 3s, so far this month, automotive news website Electrek reported , citing a source familiar with the matter. Tesla managed to maintain a Model 3 Read More

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Tesla shares jump on Model 3 numbers, Musk deal

10 October, 2018 9:22 am 9:22 am

CALIFORNIA (Reuters) – Shares of Tesla Inc jumped by almost 18 percent  as Chief Executive Elon Musk settled a lawsuit that had threatened to force him out and said a surge in third-quarter production had driven it to the verge Read More

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