Tesla News Updates

BusinessTechnologyLogistics

Tesla to Pay China $323 Million a Year in Tax for Factory Site

Tesla Inc. agreed to pay China 2.23 billion yuan ($323 million) in tax every year as part of a deal with local authorities to build an electric vehicle factory on the outskirts of Shanghai.

July 30, 2019
BusinessTechnology

Tesla Plunges on Profit Doubts, Co-Founder J.B. Straubel鈥檚 Surprise Exit

Tesla Inc. shares plummeted after a worse-than-expected loss and yet another major management change cast fresh doubts on the electric car maker鈥檚 future.

July 25, 2019
BusinessTechnology

Tesla Plunges on Quarterly Loss, Backtracks From Profit Forecast

Tesla Inc. shares plummeted in late trading after the electric-car maker posted a worse-than-expected loss and backtracked from a forecast for a return to profit.

July 24, 2019
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