Tesla denies report of a spending halt at Nevada plant

Tesla is disputing a Thursday report that the electric auto manufacturer is putting a freeze on its plans to expand its Nevada Gigafactory. “Both Tesla and Panasonic continue to invest substantial funds into Gigafactory,” a Tesla spokesperson told The Post in a statement, referring to electronics maker Panasonic, which is Tesla’s battery cell supplier. “We believe there is far more […]

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Tesla Is Completely Out of Control

Even at the best of times, Tesla's (NASDAQ: TSLA) operations have seemed like loosely organized chaos. But while the electric-vehicle pioneer repeatedly missed deadlines, it was hard to argue with the long-term results. Tesla went from delivering a little over 22,000 vehicles in 2013 to more than 245,000 in 2018. By the end of that period, it had also reached […]

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Tesla Launches Long-promised $35,000 Model 3; Warns Of Q1 Loss

Tesla Inc. (TSLA) is finally launching the long-promised standard Model 3 with a base price of $35,000, fulfilling Elon Musk’s master-plan released in 2016. The firm said it is shifting to an online-only sales to make the lower price “financially sustainable”. The company will be winding down many of stores. The company expects to post a loss for the first-quarter. […]

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Tesla hits customs roadblock in China over Model 3 imports: report

SHANGHAI (Reuters) – China has suspended customs clearance for Tesla Inc’s Model 3 electric cars, citing various irregularities, including improper labeling of the vehicles, financial publication Caixin reported on Tuesday. Tesla shares fell nearly 2 percent in trading before the bell, adding to a 10 percent decline since Friday as investors worried about frictions with the Chinese government. Making inroads […]

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U.S. agency probing two fatal Tesla crashes in Florida since Sunday

WASHINGTON (Reuters) – U.S. authorities are investigating a fatal Tesla Inc Model S crash in Florida last Sunday that killed the driver and caused a massive fire, the second fatal Tesla crash in the state this week being probed, the National Highway Traffic Safety Administration (NHTSA) said on Saturday. The agency and the National Transportation Safety Board said late on […]

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