Tesla has been facing some serious headwinds in selling its models in China. The price cuts should add to the allure of its models. In a strategic decision, Tesla Inc stated, it is slashing the price of its Model S and Model X cars in China in order to boost their sales that potentially have…
Tesla plans on localizing production in China, to beat trade war related worries, including import duties, for its vehicles. In a strategic development aimed at reducing the prices of Tesla’s vehicles, the luxury carmaker stated, it plans on producing nearly 3,000 Model 3s per week from its Shanghai plant during the initial phase of its…
With wider margins, a rise in net profits, and a positive cash flow, Elon Musk has delivered on his promise. Here’s the low down on how Tesla’s Chief Financial Officer Deepak Ahuja and Musk managed Tesla’s operations in a capital efficient manner. In a significant development, Tesla’s Chief Executive Elon Musk delivered on his…
Although Tesla’s critics have focused on Elon Musk’s behavior, the numbers coming out of Tesla are pretty compelling. In an interesting turn of events, long-time Tesla short seller and critic Citron Research, in its research note stated it is betting that the electric automaker’s stock will rise. With the news reaching the market, Tesla Inc’s…
NHTSA’s rating system includes information regarding the soundness of a vehicle’s rollover safety features as well as crash protection mechanism built into the vehicle. In a significant development, U.S. auto safety agency NHTSA has awarded Tesla Inc’s Model 3 a five-star rating in tests that are standard for all cars in the United States. With…
Short sellers and investors who have attacked the company have been cited as one of the reasons why Musk launched his take Tesla private bid. In a significant development, Tesla Inc’s CEO Elon Musk has stated, he would listen to shareholder’s concerns and will no longer pursue his $72 billion bid to take the company…
While the automotive industry typically takes years of planning to place its assembly lines, Tesla accomplished the task in 2 weeks. According to an employee from Tesla Inc, the carmaker’s CEO Elon Musk, is doing all he can, even if it is disrupting the production of the Model S and X, in his drive…
Despite facing manufacturing hell, Elon Musk, Tesla’s CEO, stated he is confident that the company will be able to meet and surmount challenges in the production of the Model 3 and that the company will be profitable in either the third or the fourth quarter of this year. In a significant development that will have…
Brexit related uncertainties are however holding back its plans. On Thursday, Britain’s biggest carmaker, Jaguar Land Rover, stated its electric or hybrid lineup will be launched from 2020, as it ramps up its plans to electrify its models. In 2016, its Indian parent, Tata Motors, had disclosed that it would offer greener versions of half…
In 2018, Nissan plans on releasing another version of the Leaf which will have a driving range of “more than 300 miles” In a significant development that underscores Nissan Motor Co’s efforts at stimying criticism over its limited driving ranges in its EV offerings, the company has launched a revamped version of its Leaf electric…
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