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Elon Musk has confirmed plans to take Tesla private with the backing of a Saudi Arabian sovereign wealth fund. In a statement published on the company’s official website, the Tesla CEO also admitted that he […]
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Tesla posts record revenue of USD4 billion in Q2 2018 – deliveries of Model 3 up, USD742.7 million loss
Tesla has released its financial results for the second quarter of the year (Q2 2018), and it appears the company’s efforts to keep its books in check have yielded results. While it faced USD742.7 million […]
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Tesla cars will get KITT-like AI assistance – Elon Musk
This might sound silly, but Tesla boss Elon Musk has just revealed that he plans to have a KITT-like artificial intelligence system in Tesla cars. Of course, this was announced on his personal Twitter account, […]
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Tesla wants refunds from suppliers to hit profitability
According to a report by the Wall Street Journal, Tesla has asked some of its suppliers to refund some of the money it had spent with them in the past in increase its profitability and […]
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Tesla may lose top spot in EV market soon – Daimler, BMW, Volvo and Toyota could pull ahead by 2021
It certainly doesn’t seem like a bed of roses for Tesla right now. A forecast released by PA Consulting Group, which is a company specialising in management consulting, technology and innovation, has revealed that the […]
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Tesla to build new global plant in Shanghai, China
You can credit Tesla for many things, but building enough cars to support the massive demand for them isn’t one of them. Happily, however, the electric vehicle maker is taking a big step in that […]
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Tesla Model S P100DL debuts in Barcelona – first Electric Production Car Series race in November
This year marks the start of the Electric Production Car Series (EPCS), which is the main racing category of the Electric GT Championship officially sanctioned by the FIA. Ahead of the series debut in November […]
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Tesla pick-up truck – Elon Musk claims dual-motor powertrain, ‘crazy torque’, up to 805 km of range
Even though Elon Musk is busy ensuring Tesla stays afloat while preparing to introduce more models, the company CEO still managed to find time to talk about yet another upcoming product, the Tesla pick-up truck. […]
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Tesla Model X tows Boeing 787 Dreamliner to record
Electric automaker Tesla has taken its SUV, the Model X to the runway at Melbourne Airport in Australia for a spot of towing. As the location suggests, the payload here is an aircraft, namely the […]
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Tesla to trim workforce by 9% to become profitable
Tesla has announced that it will be cutting around 9% of its workforce as part of a restructuring move to reduce cost, Autocar reports. However, CEO Elon Musk insists that the move will not affect […]
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Tesla Roadster to get optional SpaceX rocket thrusters
Tesla is at it again. Last month, its CEO Elon Musk said the Tesla Model 3 will get a high-performance all-wheel drive version that accelerates faster and handles better than the BMW M3. Big, bold […]
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Tesla Model 3 slow production – 23% orders cancelled
When Tesla first began taking orders for the Model 3, it was a huge success. Hundreds of thousands of people in the US placed their pre-orders, but the company started facing one production difficulty after […]
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Tesla Model Y gets teased again – debut in March 2019
Even though Tesla is facing quite a number of challenges at the moment, the company is pushing forward with its plan to introduce more models in the future. During a recent shareholder meeting, Elon Musk […]
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Elon Musk tweets about dual-motor AWD Tesla Model 3 – faster than a BMW M3 and ‘with better handling’
Here’s more hype for a car that’s facing production delays. Tesla chief Elon Musk has revealed technical details on a dual-motor performance version of the Tesla Model 3 on Twitter, while also saying that the […]
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George Soros buys US$35 million in Tesla bonds
Billionaire George Soros’ investment firm has just bought into Tesla bonds during the first quarter of 2018, giving the electric automaker a prominent supporter and backer. A filing by the American Securities and Exchange Commission […]