Tesla’s chief executive suggested that being a public company, beholden to shareholders, created perverse incentives for people to try to harm what they were trying to achieve.
The automaker wants to reopen pricing agreements with some suppliers for work already underway. It called the practice routine, but its shares fell.
The wholly owned operation, based in Shanghai, would be the first overseas factory for the automaker’s electric vehicles.
The wholly owned operation, based in Shanghai, would be the first overseas factory for the automaker’s electric vehicles.
The automaker said it turned out 5,000 of the mass-market sedans last week, a threshold it has said is crucial to reaching profitability.
Tesla’s stock price rose after the automaker said it turned out 5,000 of the mass-market sedans last week, a threshold it has said is crucial to reaching profitability.
Scrambling to turn out its first mass-market electric car, the automaker set up multiple assembly lines and is changing production processes on the fly.
Scrambling to turn out its first mass-market electric car, the automaker set up multiple assembly lines and is changing production processes on the fly.
In an email to workers, he said the operation was “quite extensive and damaging” at a time when the automaker was scrambling to ramp up production.
By renovating a symbol of the city’s decline, the company hopes to create a magnet for the talent needed to prevail in the next automotive era.