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Delivery of Tesla Made-in-China Model 3 set for December 30

29Dec By PriyankaNo Comments

Automobile

Delivery of Tesla Made-in-China Model 3 set for December 30

Tesla China told Pixr8 News that they are aiming to begin deliveries of the all-electric Model 3 sedan from December 30th. That’s far earlier than the company’s own estimates, and immensely earlier than what Tesla’s skeptics have suggested. Monday’s event will deliver Tesla's 15 Model 3 car to local customers that are comprised of Tesla China employees. The first delivery date of the Made-in-China Model 3 marks the 357th day since Tesla and its construction partner started working on the Gigafactory 3 complex, which was then just a plot of land. The speed upon which Gigafactory 3’s Phase 1 zone was completed marks a new record for global automakers currently operating in China. The Made-in-China Model 3 is Tesla’s key to the local Chinese auto industry, which also corres...

17Oct By reutersNo Comments

CHINA

Tesla gets Approval to Start Manufacturing in China

SHANGHAI, 17th Oct 2019- China’s industry ministry said that the Tesla Inc was added to a government list of approved automotive manufacturers, as it granted the electric-vehicle maker a certificate it needs to start production in the country. The list was published by the Ministry of Industry and Information Technology. This means “the green light is fully given to Tesla for production in China,” said Yale Zhang, head of the Shanghai-based consultancy Automotive Foresight. Tesla can start production any time, he said Tesla did not immediately respond to an e-mailed request for comment. The $2 billion factory it is building in the eastern Chinese city of Shanghai is its first car manufacturing site overseas. Reuters reported earlier this month that Tesla plans to start product...

12Aug By AnkitaNo Comments

News

Tesla Electric Car Explodes in Russia

A Tesla electric car caught fire on a Moscow motorway late on Saturday. Footage of the incident on state TV channel Rossia 24 showed the car by the side of the road engulfed in flames and thick black smoke. Two small explosions occurred within a few seconds of each other. It was not possible to tell which Tesla model the car was and only the metal frame remained after the fire. Tesla Inc stood by safety claims for its Model 3 earlier this week in the face of regulatory scrutiny, while documents showed the top U.S. automotive safety watchdog issued at least five subpoenas since last year seeking information about crashes involving the company's vehicles. The state-run RIA news agency website posted a video showing the car driving in the left-hand lane of Moscow's ring road, known a...

Tesla reports huge Q2 Loss, Shares plunge 10 percent

25Jul By PriyankaNo Comments

Market

Tesla reports huge Q2 Loss, Shares plunge 10 percent

Tesla shares have plunged as the electric carmaker reported a bigger loss in Q2. Tesla reported a second-quarter loss of $408 million or $1.12 per share compared to the loss of 40 cents forecast by analysts. Shares tumbled 10 percent to USD 238.39 in after-hours trading. Overall revenues jumped 66 percent from a year earlier to $5.2 billion as Tesla reported sharply higher deliveries of its Model 3, the most affordable vehicle in its lineup and the hope for giving the company a wider customer base."We achieved record deliveries of 95,356 vehicles and record production of 87,048 vehicles, surpassing our previous quarterly records," Tesla said in a letter to investors. "This is an important milestone as it represents rapid progress in managing global logistics and delivery operation...

Tesla’s ‘Autopilot’ engaged in Florida fatal crash: Report

16May By AdityaNo Comments

USA

Tesla’s ‘Autopilot’ engaged in Florida fatal crash: Report

AFP- Tesla's "Autopilot" system was engaged by a driver who was killed in a March crash in Florida, according to an initial accident report released Thursday. Preliminary data showed the Tesla driver engaged "Autopilot" about 10 second before the crash and that the device was active at the time the vehicle was struck by a truck-tractor semitrailer, the National Transportation Safety Board said. The accident, the latest involving Autopilot, left the Tesla driver, a 50-year-old male dead and the combination vehicle driver uninjured. The report did not conclude who was at fault for the crash. Tesla's website describes Autopilot as an "advanced driver system" that enhances safety with external cameras, sensors and radar but demands a "fully attentive driver" at all times.The accide...

Tesla Y Model Launched, Starting Price is $39000

15Mar By PriyankaNo Comments

Automobile

Tesla Y Model Launched, Starting Price is $39000

Elon musk led Tesla Motors unveiled its newest vehicle, the Model Y, an SUV that the automaker hopes will win over consumers looking for an all-electric alternative in the most popular segment of the auto market. Tesla launched 4 segments of model Y with a starting price of $39,000 USD, following with the other price band at $47,000 USD, $51,000 USD and $60,000 USD, respectively. CEO Elon Musk introduced the Model Y on Thursday night at a gathering of customers, employees and media. The Model Y may be Tesla's most important product yet as it attempts to expand into the mainstream and generate enough cash to repay massive debts that threaten to topple the Palo Alto, California, company. Tesla got a huge boost toward ensuring its survival with the 2017 debut of its Model ...

Tesla Closing its Retail Stores, Focus on Online Sales Only

3Mar By PriyankaNo Comments

News

Tesla Closing its Retail Stores, Focus on Online Sales Only

World's leading electric automobile maker Tesla said it was closing "many" of its 378 retail stores around the world as it shifts to an online-only sales model. The decision was surprised many of them including Tesla's Fan. The announcement came after another round of layoffs at the electric automaker like affected some 7% of its workforce in January in a bid to cut costs following its production ramp for the Model 3. Tesla did not respond to questions from Pixr8 News on how many stores will be closing. "Shifting all sales online, combined with other ongoing cost efficiencies, will enable us to lower all vehicle prices by about 6% on average, allowing us to achieve the $35,000 Model 3 price point earlier than we expected," the company said in a blog post. "Over the next few mo...

Tesla Names Oracle co-founder Larry Ellison to Board

29Dec By Gauri SinghNo Comments

News

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. The fallout, which included the U.S. Securities and Exchange Commission subsequently filing fraud charges against Musk for what it said were his "false and misleading" tweets, led some investors to call for stronger board oversight of Musk. The inclusion of Ellison puts one of the world's richest people with experience building a startup into a successful company on Tesla's board. H...

19Nov By Gauri SinghNo Comments

CHINA

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 deliveries in China would begin. The company has been banking on its Model 3 sedan. The performance of the car is seen crucial to the carmaker's future. Shares of Tesla rose 1.6 percent at $353.93 (roughly Rs. 25,500) in morning trading. Talking about China, it has been the largest market for electric vehicles and most forecasters predict that its sales in the country will speed up rapidly as government regulation drives toward a goal of 100 percent...

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

9Nov By Gauri SinghNo Comments

News

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 later scuttled but attracted scrutiny from several government agencies. As a result, Musk had to leave the position of the chairman. The appointment of Denholm caps months of turbulence for the company and its stock as investors called for stronger oversight of Musk, whose erratic public behavior raised concerns about his ability to steer the company through a rocky phase of growth. "Would like to thank Robyn for joining the team. Great r...

Elon Musk Plans to Bring Tesla Partially in India Next Year

5Nov By Gauri SinghNo Comments

BUSINESS

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 by the end of next year. Any plans to make service outside Tesla serviced countries easier? — Anner J. Bonilla???️?? (@annerajb) November 2, 2018 The 47-year-old opened up about his firm's expansion plans after a user responded to a tweet in which Musk had revealed that Tesla and Panasonic are together the largest producer of batteries for electric vehicles in the world. In a follow-up tweet, Musk said the fir...

Tesla to Roll Out a New Driver Assistance Feature

29Oct By Gauri SinghNo Comments

News

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 automaker released the latest version of its in-car software, 9.0. According to the company, the feature would begin to roll out this week to U.S. customers who have purchased enhanced Autopilot or full self-driving capability. Tesla has offered enhanced Autopilot and FSD capability as upgrades that cost, $5,000 and $3,000, respectively. Autopilot is an advanced driver assistance system. Autopilot on Navigate is considered a step towards that still on-met full s...