Tesla News Updates

BusinessTechnology

Tesla鈥檚 鈥楢nemic鈥 High-Margin Model Sales Extend Profit Struggle

Tesla Inc. is delivering more cars than ever because of the emergence of Model 3 customers like Mike Land. His view of the relative weakness of Elon Musk鈥檚 more expensive electric cars also helps explain why the company is still struggling to make money.

July 23, 2019
BusinessTechnologyAutonomous

Apple Continues to Stockpile Former Tesla Engineers

Apple Inc. has hired Steve MacManus, at least the third Tesla Inc. engineering executive to join the Cupertino, Calif.-based technology giant in the past year.

July 22, 2019
BusinessTechnologyLogistics

Tesla Readies Production Boost, Hints of Return to Hiring Mode

Tesla Inc. is poised to increase production at its California car plant and is back in hiring mode, according to an internal e-mail sent days after the company wrapped up a record quarter of deliveries.

July 10, 2019
BusinessFuel

Tesla Shares Surge as Model 3 Paces Record Quarter of Deliveries

Tesla Inc. soared in late trading after the electric-car maker set a record for quarterly vehicle deliveries, helped by U.S. consumers rushing to buy Model 3 sedans before a federal tax credit shrank in half.

July 2, 2019
Business

Tesla Loses More Executives in Midst of Musk鈥檚 Deliveries Push

Tesla Inc. executive departures are apparently picking up speed again, with reports saying the electric car maker has lost its head of Europe and a top engineering manager.

July 2, 2019
GovernmentBusinessSafetyAutonomousTCA

Sunshine State Now Autonomous Car State Too

The future of Florida鈥檚 highways seems to be hands-free after Gov. Ron DeSantis signed the Autonomous Vehicles bill that took effect July 1. It removes what the state calls 鈥渦nnecessary obstacles that hinder the development of autonomous vehicle technology and solidifies Florida鈥檚 position as a leading state for transportation innovation.鈥

July 1, 2019
BusinessTechnologyLogistics

Musk Seeking Tesla Deliveries Record Could Be a Double-Edged Sword

Analysts鈥 fear is that even if Tesla does show marked improvement in deliveries this quarter, Musk will achieve this at the expense of profitability. And with a shrinking U.S. tax credit posing a threat to demand in the second half of the year, Tesla鈥檚 efforts to hand over more Model 3s overseas could further compromise earnings because of relatively higher shipping expenses.

July 1, 2019
BusinessLogistics

Tesla Must Go 鈥楢ll Out鈥 to Set Deliveries Record, CEO Elon Musk Says

Tesla Inc. could be on the verge of a quarterly record for vehicle deliveries, though the electric carmaker will need to go 鈥渁ll out鈥 in the last few days of the month, CEO Elon Musk wrote in an internal memo.

June 26, 2019
Business

Car-Parts Plant for Ford, Tesla Resuming Work After Brief Strike

Workers at a major auto parts plant in Michigan are poised to return to work after a brief strike June 21, alleviating the threat of a supply disruption for carmakers Ford Motor Co., Tesla Inc. and Fiat Chrysler Automobiles NV.

June 21, 2019
BusinessTechnology

Tesla Analysts Warn on Demand, Profits as Quarter Nears End

The concerns around the demand for Tesla Inc.鈥檚 cars are resurfacing as the second quarter nears a close, with Goldman Sachs analyst David Tamberrino saying volume estimates for the second half of the year and beyond appear to be high, considering there are now fewer 鈥渓evers to pull to stoke demand going forward.鈥

June 20, 2019