Tuesday, November 26

Search Results for: Tesla

Tesla Names Oracle co-founder Larry Ellison to Board

Tesla has reportedly named Oracle co-founder Larry Ellison who is a shareholder and close friend of Chief Executive Elon Musk, to its board to provide the independent oversight demanded by U.S. regulators. The move is meant to usher Tesla past months of turbulence following Musk’s Aug. 7 tweet that he was considering taking the company private and had secured funding. […]

Tesla Starts Taking Orders for Model 3 in China

The EV major Tesla has begun to take orders for its Model 3 sedan in China for a deposit of CNY 8,000 ($1,153.60 or about Rs. 83,000). However, the company declined to comment on the development. Chief Executive Officer Elon Musk stated, “Probably some deliveries in March, but April is more certain“, after a Twitter user asked when the […]

Robyn Denholm Appointed as Tesla Chairman After Elon Musk’s Resignation

Soon after Elon Musk announced his retirement from the post of Tesla’s chairman, the company has stated that board member Robyn Denholm will replace Elon Musk as the chairman. Musk, who has been on Tesla’s board since 2014, tweeted in August he was considering taking the company private for $420 per share and had secured funding for a deal that was […]

Elon Musk Plans to Bring Tesla Partially in India Next Year

Tesla Motors’ Chief Executive Officer (CEO), Elon Musk, has revealed the company’s plans of expanding its overall market beyond North America, Europe, and China. The owner of the largest EV company stated that he recently asked his service team to expand to all population regions (not just major metros) in North America, Eastern Europe, China, and Japan […]

Tesla to Roll Out a New Driver Assistance Feature

The electric vehicle major Tesla is reportedly going to roll out a new driver assistance feature called the Tesla Autopilot Drive on Navigation that had been delayed for testing. This has been described by the company as its most advanced driver assistance feature to date. The feature was held back earlier this month when the […]

Tesla to Start Model 3 Manufacturing in China from Next Year

The EV giant Tesla is reportedly expecting to extend its earnings streak by bringing its new Model 3 to customers beyond North America. The company’s plan includes accelerating its manufacturing plans in China. Tesla witnessed its revenue increase aggressively to $6.8 billion in the third quarter (and a $312 million profit) after the sales of its new […]

Tesla Rolls Out a Cheaper, Mid-Range Model 3

One of the largest EV companies Tesla is coming up with a new, cheaper mid-range battery version of the Model 3 that starts at $45,000 before federal tax incentives. Tesla CEO Elon Musk made an announcement about the new variant through Twitter and also stated that it has an estimated battery range of 260 miles. […]

Tesla’s Second Largest Shareholder Acquires Stake in Rival Nio

The second largest shareholder of Elon Musk’s Tesla called Baillie Gifford has now acquired 11.44 percent stake in Chinese electric vehicle automaker Nio which is Tesla’s rival. The company disclosed that it had purchased 85.3 million shares, which were valued at about $515 million as of the close of trading Monday. Baillie Gifford is the largest […]

Following, SEC’s settlement, Elon Musk out as Tesla Chairman

In the charges against Tesla and Elon Musk, the entrepreneur has agreed to pay a total of $40 million and make a series of concessions to settle a government lawsuit. This settlement is enabling Musk to remain CEO of the electric car company but requires him to discontinue his role as chairman for at least […]