Of the total car sales in Norway last month, 35.7% were electric. On Friday, registration data from Norway showed, the adoption rate of Audi’s fully-electric e-tron sports utility vehicle saw a new high last month, with the German carmaker gaining 8.3% in market share. According to the Norwegian Road Federation, Audi delivered 873 electric SUVs…
Potential headwinds include getting the consent of Volkswagen’s controlling Piech and Porsche families to fund the purchase of the stake. Denying a media report, which stated Volkswagen’s CEO Herbert Diess as wanting to purchase a stake in Tesla, the German carmaker stated, it was not interested in doing so. “The speculation about buying a stake…
Tesla has now revised the charge and thermal management settings on Model S and Model X vehicles through an OTA update. On Friday, Electric vehicle maker Tesla Inc stated, following its investigation into one of its car catching fire in Shanghai, it has concluded that a single battery module caused the car to catch fire.…
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…
The ‘Summon’ feature, part of Tesla’s driver-assist Self-Pilot system, is currently limited to only the Model S cars. On Thursday, Tesla’s Inc’s Chief Executive Elon Musk stated, an upgrade to Tesla’s ‘Summon’ auto-parking feature will be ready within six weeks; following the upgrade select models will be able to drive around a parking lot, find…
The general consensus among analysts is that Tesla will need more capital in the near future. One of Tesla’s top shareholders, Baillie Gifford & Co, has stated, it is willing to invest more into the electric carmaker. “If he (Tesla CEO Elon Musk) needs more capital we would be willing to back him,” said Nick…
The German carmaker is preparing to transition from producing combustion engine powered vehicles to battery powered electric vehicles. Automotive giant Daimler AG stated, it will commence the building of a battery plant as part of its planned $1 billion investment to upgrade its factory in Tuscaloosa, Alabama. The development comes in the wake of this…
While Musk’s last Tuesday’s tweets must have given a series of palpitations to those who were betting against Tesla’s stock, while many investors believed it to be a prank which is in line with the Tesla brand, SEC lawyers aren’t amused since these could potentially trigger non-compliance of disclosures. Elon Musk’s proposal to take Tesla…
A portion of the investment will be raised in China. On Wednesday, Bloomberg reported citing a source, Tesla Inc plans on investing $5 billion for its new plant in China. Tesla plans on raising funds in China for a portion of the investment, said Bloomberg.
According to Jalopnik, an auto news website, the latest investigation was prompted by a complaint from one of the automaker’s employees at the plant. Following a complaint, California’s Occupational Safety and Health Administration (Cal-OSHA) stated, it has opened a third investigation into Tesla Inc’s factory in Fremont, California. This latest case was opened on June…
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