Elon Musk's 'Teslaquila' drink faces clash with Mexican tequila industry

MEXICO CITY (Reuters) – Tesla Inc co-founder Elon Musk and Mexico’s tequila producers could be headed for a collision after the agave-based drink’s industry group opposed the flamboyant billionaire’s efforts to trademark an alcoholic drink dubbed “Teslaquila.” One of the world’s richest people and chief executive of Tesla (TSLA.O), Musk is known for ambitious and cutting-edge projects ranging from auto […]

Read more

Volkswagen reportedly planning to sell electric Tesla rival for less than $23,000

Volkswagen intends to sell electric cars for less than 20,000 euros ($22,836), a source familiar with the plans said. VW’s strategy shift comes as cities start to ban diesel engine vehicles. To free up production capacity for electric cars in Hannover, VW’s transporter vans could be produced at a Ford plant in Turkey, the source added. Volkswagen intends to sell […]

Read more

It's been over a week and Wall Street still has some crucial questions about Tesla's earnings blow out

Tesla smashed expectations in with its most recent quarterly earnings report, turning a profit for only the 3rd time in its history. Still, Wall Street has noticed that a bunch of the numbers leave more questions about how Tesla got there. Plus, Tesla’s plans for the future are very ambitious. Even with this influx of cash, investors are wondering how […]

Read more

Tesla names new board chair in settlement with regulators

Tesla's board has named one of its own as chairman to replace Elon Musk, complying with terms of a fraud settlement with U.S. securities regulators. Continue Reading Below The electric car and solar panel company's board on Thursday named Australian telecommunications executive Robyn Denholm as chairman, effective immediately. Denholm will step down as chief financial officer and strategy head at […]

Read more

US regulators subpoenaed Tesla production data, company says

U.S. securities investigators have subpoenaed information from Tesla about production forecasts for the Model 3 electric car that were made last year, the company acknowledged in a regulatory filing Friday. Continue Reading Below The disclosure in Tesla's quarterly financial report also says the Securities and Exchange Commission subpoena covered other public statements made about Model 3 production. The filing adds […]

Read more

Tesla Reports Surprise Q3 Profit, Shares Up 14%

Shares of Tesla Motors Inc. (TSLA) surged 14 percent in extended session on Wednesday after the luxury electric car maker swung to a third-quarter profit as revenues soared. Both earnings and revenues for the quarter trumped Wall Street expectations, as Tesla reported its first profit in two years. Palo Alto, California-based Tesla reported third-quarter profit of $311.5 million or $1.75 […]

Read more
1 2 3 19