Tesla raising cash after sluggish start to 2019, and Elon Musk is buying big

Tesla CEO Elon Musk on Tesla announced Thursday that the company would offer $650 million in stock and $1.35 billion in bonds in a bid to boost the automaker's coffers after disappointing first quarter results. CEO Elon Musk said he would buy $10 million of the company's shares in an effort to boost confidence among investors in the flagging automaker. Stock in Tesla...

Tesla reports sales down, citing delivery challenges in China and Europe

2019 Tesla Model 3 PerformanceTesla claims that its Model 3 electric sedan again in the first quarter of the year outsold all other mid-size sedans from what it considers premium brands—selling 60 percent more units than the closest runner-up. That’s the good news from the California electric car maker, in a production and deliveries update released Wednesday...

Tesla Model Y: Comparing some of the details vs. Model 3

Tesla CEO Elon Musk introducing Model YTesla CEO Elon Musk prefaced his introduction of the company’s more affordable upcoming electric SUV, the Model Y, Thursday night, by noting how hard achieving at-scale mass production of Model X has been—and what a difficult year 2018 had been for him and Tesla. “It was pretty tight; it was a hard one,” said Musk...

Tesla eliminates 9 percent of its workforce, cutting costs

2018 Tesla Model S and 2018 Tesla Model XTesla's been in "production Hell" for the past 9 months as it attempts to ramp up the Model 3. On Tuesday Tesla CEO Elon Musk took to Twitter to announce the Silicon Valley automaker is letting go 9 percent of its workforce. Musk noted that no production workers would be let go to ensure that Model 3 production would not be affected by the cuts...

Tesla Model Y coming in 2020; Roadster and Semi still on the way, says Musk

Teaser for Tesla Model Y electric SUV due for reveal in 2019Tesla CEO Elon Musk told shareholders Tuesday that the last few months have been "hellacious" for building the Tesla Model 3, but that the automaker expects by the end of this month to build 5,000 of the mid-size luxury sedan each week and beyond. "It's insanely hard to stay alive," Musk added. The Model 3 may be critical for the automaker to stay...

Elon Musk announces Tesla Model 3 AWD, performance Model 3 specs

2018 Tesla Model 3It wasn't quite a message in a bottle, but Tesla boss Elon Musk tweeted Saturday night some specifications and a ballpark price for his company's long-awaited all-wheel-drive and performance versions of the Model 3. The all-wheel-drive Model 3 will add $5,000 to the base Model 3's price and offer the same 310-mile range as the Long Range Battery...