Only one topic really mattered in the Tesla third-quarter financial results call for analysts held Wednesday afternoon: Model 3. In light of far lower September deliveries than promised as late as July by Tesla CEO Elon Musk, all interest focused on the more-affordable, higher-volume electric car that's meant to catapult Tesla to selling half a... Just 260 Tesla Model 3s built in three months, volume production delayed: Q3 results and call
Only one topic really mattered in the Tesla third-quarter financial results call for analysts held Wednesday afternoon: Model 3. In light of far lower September deliveries than promised as late as July by Tesla CEO Elon Musk, all interest focused on the more-affordable, higher-volume electric car that's meant to catapult Tesla to selling half a...
Relatively few auto-company CEOs would publicly mention sleeping on the roof of one of their factory buildings. But Tesla CEO Elon Musk is not like most other chief executives of auto companies. Most also don't break news via tweet, for instance. A tweet by Musk Thursday evening referred to the eighth circle of Hell and suggested he'd slept on the...
Tesla’s aggressive goals for Model 3 production have run into a series of setbacks, and the knock-on effect spilling over into the company’s planned electric semi truck debut, which has again been pushed back from its overdue September launch. Elon Musk announced the later, November 16 unveil date for Tesla Semi via Twitter, while...
It's fair to say that Tesla CEO Elon Musk probably raises more eyebrows more often than all other automaker CEOs combined. One case in point came in early May, when he mentioned during a financial-results call that the upcoming Tesla Model Y compact crossover utility would be based on a new platform. Three months later, the CEO has walked that...
Sometimes, if you ask a question often enough for long enough, an answer will eventually be forthcoming. In the case of the net number of $1,000 reservations for the Tesla Model 3 electric car, it took 16 months for the company to cough up the latest data. It came, not surprisingly, from CEO Elon Musk, speaking on a conference call for financial...
Thirty of the earliest Tesla Model 3 buyers took delivery of their electric cars last night in a gala event for owners, investors, and friends the company had dubbed the Handover Party. The highly anticipated Model 3, the vehicle Tesla hopes will boost its production to hundreds of thousands of electric cars a year, will initially come in two...
It now appears that the 2017 Tesla Model 3 has entered pilot production, following a pair of photos tweeted by Tesla CEO Elon Musk. The caption on the first of the two photos, this one black-and-white, says simply, "First production Model 3." The second photo, tweeted 40 minutes later, is in full color but bears no caption. DON'T MISS: Tesla Model...
As he had promised he would late one evening last week, Tesla Motors CEO Elon Musk has tweeted out some updates on the upcoming Model 3. He expects first production Model 3 electric car, with serial number 001 ("SN1"), to be completed this Friday, July 7. The first 30 customers to buy Model 3s should receive them, he followed up, at a "handover...
Fulfilling a campaign pledge, President Donald Trump said yesterday that he will set in motion plans to pull the U.S. out of the Paris Climate Pact that it joined last fall. In turn, Tesla CEO Elon Musk responded that he will have to pull out of Trump's business advisory councils of CEOs and executives, which he had joined in January. Musk was...
Elon Musk, habitually behind schedule, announced on May 10 that anyone can now preorder a Tesla Solar Roof—a roof made of shingles with built-in solar cells. Musk had previously said preorders would open in April, and promised the product would cost less than a conventional roof if you factor in the energy savings. DON'T MISS: Tesla debuts...
Tesla and Klaus Grohmann have parted ways. Reuters reports Tesla CEO Elon Musk ousted Grohmann over the executives concerns over how his company's legacy clients, including Tesla rivals like Daimler and BMW, would be served in the future. Grohmann's company, Grohmann Engineering, specializes in automation, and Tesla purchased the company last...
It's no secret Tesla CEO Elon Musk is an ambitious man, but he continues to fuel the hype surrounding the company by recently teasing the first Tesla semi truck. In typical Tesla fashion, the semi truck will be all electric. Its goal is to showcase the possibilities of electric range over diesel fuel, and Musk is confident the truck will...
Relative few companies regularly make major announcements via their CEO's Twitter account, but electric-car maker Tesla is different. From software updates to dates for new product lines, tweets from Tesla's CEO Elon Musk routinely make news. And so it was this week, when Musk announced the months in which the company plans to reveal designs for...
It remains unclear whether Tesla will survive as an independent company, given that it's had exactly two profitable quarters in its 12-plus years of existence. And yet, last week, Tesla briefly passed General Motors to become the most valuable U.S. automaker by market capitalization. It had passed Ford last week, and long ago surpassed the value...
Never let it be said that Tesla CEO Elon Musk isn't a man of strong opinions. His tweets are the stuff of legend, his dismissals of hydrogen fuel-cell cars as "fool cells" have been consistent for many years, and if you get his attention, he will definitely tell you what he thinks. Perhaps U.K. software developer Nick G hadn't really expected to...
The news earlier this week that the Tesla Model 3 would skip its usual "beta" development phase came as a shock to the industry and even to Tesla fans. With no reported sitings to date of Model 3 development versions on the roads, that seemed a startling and risky thing for Tesla to do. Especially since the 200-plus-mile Model 3, starting at...
Tesla CEO Elon Musk has responded vigorously to an employee's claims of low wages and commonplace on-the-job injuries. In an email to employees and statements to media outlets, Musk denied the claims and accused the employee who made them of being a paid union agitator. Earlier this month, Jose Moran said Tesla employees, "routinely work well over...