Tesla is facing pressure about pricing from all directions. Despite strong delivery numbers, the California automaker announced it posted bigger losses Wednesday for the second quarter of 2019 than Wall Street had anticipated, prompting analysts to scrutinize its margins on cars. In a financial call held Wednesday, that scrutiny took form around... Amid scrutiny, Tesla sees higher margins ahead for Model Y, China-built Model 3
Tesla is facing pressure about pricing from all directions. Despite strong delivery numbers, the California automaker announced it posted bigger losses Wednesday for the second quarter of 2019 than Wall Street had anticipated, prompting analysts to scrutinize its margins on cars. In a financial call held Wednesday, that scrutiny took form around...
At Tesla’s annual meeting with shareholders Tuesday, Tesla CEO Elon Musk once again had to field a diverse range of questions about its business, as well as provide a reality check on some overly optimistic timelines he'd previously provided. In April, Musk announced that the company planned to enter the insurance business and save Tesla...
Tesla may have only enough money to survive another 10 months, CEO Elon Musk told employees in an email on Thursday. The email was first reported by Reuters, which was shown a copy. In response, Musk told employees he will review "all expenses of any kind anywhere in the word, including parts, salary, travel expenses, rent, literally every payment...
Analysts should no longer be worried about whether Tesla has enough cash to meet its immediate needs. In addition to $2 billion it raised in stocks and convertible bonds last week, the company signed a deal with Fiat Chrysler last month to share its emissions credits in Europe with the Italian-American automaker, which is lagging in electric cars...
Tesla raises cash and introduces a new very short-range version of the Model 3 for Canada. The BMW 745e brings a new 6-cylinder engine, with lower fuel-economy ratings, and slightly more electric range for 2020. Los Angeles launches its own Green New Deal. All this and more on Green Car Reports. Tesla announced in a securities filing on Thursday...
Elon Musk's Twitter followers may face a new reality next week. The Tesla CEO reached a new agreement with the Securities and Exchange Commission, announced Friday, that he will no longer tweet about the company's finances or sales without preapproval from a Tesla securities lawyer. Musk's Twitter feed (@ElonMusk) has until now been a...
Over the first quarter of the year, Tesla reported a much higher-than-anticipated loss and revenue below what analysts had been expecting—tangled up in logistical delivery issues in Europe, import issues in Shanghai and Beijing and finally, book-ended by a flurry of deliveries in Europe and China in the last 10 days of the quarter. As...
Tesla announced major changes to its model lineup Thursday, especially the Model 3, in an effort to shore up sales. After the federal tax credit available on its cars halved Jan. 1, Tesla has dropped prices, added features, streamlined its model lineup, and introduced new lower-priced options for the Model 3, including the long-promised $35,000...
Tesla finally introduced its long-promised $35,000 Model 3 earlier this month, but it still isn't delivering them according to numerous media and owner reports. In the call introducing the Standard Range Model 3, Tesla CEO Elon Musk said the first cars would be delivered in two to four weeks, but buyers who have ordered Standard Range Model 3...
Tesla’s Thursday night reveal event for the 2020 Tesla Model Y electric crossover SUV, just as previous events from the automaker, was raucous and packed with enthusiastic fans, including many who appeared to relish everything uttered by CEO Elon Musk. What made this event a bit of a departure—and perhaps a sign of the times—was...
In a Tweet Sunday, Tesla CEO Elon Musk announced that the company will host an event on Thursday March 14 to reveal its long-planned Model Y SUV. The company will host a reveal event at its Hawthorne, California, design studios, as it has done with all previous models. The company said it will offer more detailed specs, as well as rides in the...
In 2016, Tesla created a fever pitch over its Model 3 promise: $35,000 with a range of 220 miles. The company claimed more than 450,000 reservations were made for the Model 3, at $1,000 each, in part because of that low price and high range. On Thursday, Tesla announced that its entry-level Model 3 is finally available and will be delivered to...
Soon, if your Tesla breaks down, you may not even have to call a tow truck. Your car will do it for you. That was one of the goals Tesla CEO Elon Musk laid out for 2019 in a conference call with investors last week as part of a larger push to streamline the company's service processes. Musk didn't confirm how the service will work, but said he...
Tesla's earnings call on Wednesday showed the company making money—but struggling to keep doing so. Based Tesla's financial reports as well as its recent moves to restructure its model lineup and cut prices in response to a cut in federal tax credits for its buyers, there are a few things that must keep CEO Elon Musk up at night: The company...
Tesla, it seems, is not out of the woods yet, despite selling almost 100,000 electric cars last year. Even as the company continues to try to ramp up production of its most popular and affordable Model 3, Tesla CEO Elon Musk announced on Thursday evening that the company will lay off another 7 percent of its full-time employees. "We grew by 30...
Tesla announced Friday that it has added two independent directors to the company's board: Kathleen Wilson-Thompson and Larry Ellison. Yes, it’s that Larry Ellison—the Oracle founder, and one of the richest men in the world, who made a cameo alongside Musk in Iron Man 2. Ellison lives a jet-setting lifestyle—including a lot of...