The carmaker delivered a record number of cars in the second quarter but still lost money because sales of higher-priced models lagged.
The electric-car maker said the 95,200 vehicles beat the mark set in last year’s final quarter. But it may be hard pressed to meet its 2019 target.
The 95,200 vehicles beat the mark set in last year’s final quarter, the electric-car maker said. But it may be hard pressed to meet its 2019 target.
Elon Musk’s electric-car company began the year with high expectations. But it has confronted a series of problems and a loss of investor confidence.
General Motors, which stopped production at the plant recently, confirmed a statement by President Trump that it was selling the factory and investing elsewhere in Ohio.
General Motors, which stopped production at the plant recently, confirmed a statement by President Trump that it was selling the factory and investing elsewhere in Ohio.
Rivian is developing a pickup and an S.U.V. on a chassis that Ford plans to use for models of its own. Two months ago, Amazon led a $700 million investment.
Mr. Musk said Tesla cars would soon drive themselves and serve as robot taxis. But many experts think autonomous cars are at least several years away.
The move, which will reduce the number of directors to seven, is meant to improve corporate governance of the electric car company.
The automaker said its lowest-priced offering would be available only in stores or by phone, just weeks after emphasizing a shift to online sales.
The electric-car maker’s sales results come after a series a price cuts aimed at making its vehicles affordable to a wider range of customers.
The results followed a series a price cuts aimed at making the company’s electric vehicles affordable to a wider range of customers.
The results followed a series a price cuts aimed at making the company’s electric vehicles affordable to a wider range of customers.
The results followed a series a price cuts aimed at making the company’s electric vehicles affordable to a wider range of customers.
A compilation of state data indicates a big decline for the electric-car maker after a federal tax credit was reduced.
A compilation of state data indicates a big decline for the electric-car maker after a federal tax credit was reduced.
Elon Musk’s company is reversing course after saying it would close stores to cut costs. It announced a 3 percent price increase on most models.
Elon Musk’s shift to online-only sales, after racing to open stores, has raised new questions about the electric-car maker’s outlook. Shares have sunk.
Elon Musk’s shift to online-only sales, after racing to open stores, has raised new questions about the electric-car maker’s outlook.
The lower-priced offering comes as sales appear to slow and follows a reduction in the federal tax credit for the company’s electric vehicles.