Tesla Reports First Full-Year Profit
The company benefited from a jump in sales of electric cars in China and Europe, but its fourth quarter earnings fell short of Wall Street’s expectations.
Tesla Reports First Full-Year Profit
Tesla’s transformation from a company that lost large sums of money every year has been made possible in large part by rising sales in China and Europe.
Tesla’s U.S. Sales Slowed in 22 States in 2020
The pandemic dampened sales for all automakers in the spring and summer, and Tesla’s plant in Fremont, Calif., was idled from late March until the middle of May.
The Next Tesla? Investors Bet Big on Electric Truck Maker Rivian
Rivian, which has raised another $2.65 billion, plans to sell a pickup truck and S.U.V. it has worked on for more than a decade.
Tesla Might Finally Have Some Competition. From Ford.
Traditional automakers have struggled to sell electric cars. That could change as Ford, Volkswagen and others introduce new models.
The Pandemic Sank Auto Sales. Vaccines Could Bring Buyers Back.
Carmakers say new models should also help lift the industry in 2021, after a 15 percent decline in its slowest year since it recovered from the Great Recession.
Tesla Says It Hit Goal of Delivering 500,000 Cars in 2020
The milestone seemed unreachable just three years ago and comes as Tesla has seen a string of profitable quarters and a buoyant stock.
A Race to Become the Tesla of Delivery Trucks and Vans
Investors are betting that small companies like Workhorse will help popularize electric commercial vehicles. And Tesla aims to extend its reach.
Elon Musk says he has moved to Texas, from California.
Mr. Musk said on Tuesday that he had moved to be near a new factory Tesla is building outside Austin.
G.M. Scales Down Nikola Deal
A new agreement, supplying hydrogen fuel cell technology from General Motors, is less sweeping than the strategic partnership outlined in September.