Tesla Inc is recalling 15,000 Model X SUVs in North America because of a potential issue that can lead to a loss of power steering assist which will make steering harder and increase the risk of a crash. In a statement, the National Highway Traffic Safety Administration (NHTSA) and Transport Canada stated, the aluminum bolts…
On Tuesday, following Panasonic Corp’s first quarter report, shares of Asian companies in Tesla Inc’s battery supply chain surged. Panasonic’s battery venture with Tesla has boosted investor confidence in the U.S. electric vehicle (EV) maker. Panasonic’s first quarterly profit from its $1.6 billion investment in Tesla’s Gigafactory is also another validation of Tesla founder Elon…
In a significant milestone for Tesla Inc, the company has become the first U.S. publicly listed carmaker to be valued at $100 billion. The development also underscores Wall Street’s confidence in an all-electric future. Tesla shares were last up by 1.4% at $555 after the bell, building on a 7.2% gain during trading when brokerage…
In a statement, Tesla Inc responded to the National Highway Traffic Safety Administration (NHTSA) statement saying there was no unintended acceleration in its vehicles. The development comes in the wake of the U.S. regulator saying it would review a petition and release a redacted version of a complaint which alleged that 500,000 “Tesla vehicles experience…
On Tuesday, Tesla Inc stated, it has started work on building its Model Y electric sports utility vehicles (SUV) at its $2 billion China factory in Shanghai. The development comes in the wake of Tesla starting to deliver its Model 3 sedans which were built at its Shanghai factory which was up and running in…
On Thursday, Tesla Inc stated it will commence the delivery of a second batch of China-made Model 3 sedans to customers from January 7. Unlike the first batch of customers, who were Tesla employees, the second batch of customers aren’t Tesla employees, said Tesla’s representative.
In less than a week after its launch, orders for Tesla Inc’s new electric pickup Cybertruck have are close to breaking the record set by the Model 3 sedan in 2016. Elon Musk, Tesla’s CEO has signaled that 250,000 customers have lined up to buy the Cybertruck. In an apparent reference to the number of…
In a statement, Tesla Inc’s Chief Executive Elon Musk said the carmaker has so far received around 150,000 orders for its Cybertruck. “146k Cybertruck orders so far, with 42% choosing dual, 41% tri & 17% single motor”, said Musk in a tweet. He went on to add, these orders came through without any advertising or…
In a statement, Chinese electric vehicle startup Byton said, it has received a distributor license from California which paves the way for the launch of its first electric SUV vehicle, Byton M-Byte, in the United States. Byton aims to launch its first electric SUV in China in 2020; it plans on launching its electric vehicles…
North Rhine-Westphalia, Germany’s most populous state, is a leading destination for Tesla’s Gigafactory in the EU. According to a report from German news daily Rheinische Post citing sources familiar with the matter at hand, U.S. electric carmaker Tesla is scouting for a location for a factory in the German state of North Rhine-Westphalia (NRW). According…
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