Tesla Tops Forecasts, But Delays Semi Production to 2022
Tesla Inc. reported better-than-expected second-quarter earnings, buoyed by strong demand for its electric vehicles as it suggested deliveries this year may exceed its longer-term projections for 50% growth. But it is delaying production on its electric heavy-duty Semi truck until 2022.
Tesla Delivers Record 201,250 Cars in Second Quarter
Tesla Inc. delivered 201,250 cars worldwide in the second quarter, a record for the electric-car maker led by CEO Elon Musk.
Tesla Phases Out Radar Sensors, Shifts to Camera-Based Autopilot
Tesla Inc. updated its website May 25 to announce that Model 3 and Model Y cars built for North America and shipping this month no longer will be equipped with radar.
Tesla Engineer Says Musk Overstated Tesla Autopilot Capability
One of Tesla Inc.’s engineers told California authorities that CEO Elon Musk overstated the capability of Autopilot, the company’s driver-assistance system, early this year.
Tesla Sticks to Plan to Deliver Semi This Year
Tesla Inc. reported a higher-than-expected seventh consecutive quarter of profit on strong demand for its top-selling Model 3 sedan and announced it will begin deliveries of its Tesla Semi in 2021.
Tesla Deliveries Smash Expectations on Reception in China
Tesla Inc. delivered more cars than expected in the first quarter, a strong start to a year in which CEO Elon Musk will be scaling global operations and building two more factories.
Tesla Shares Drop After Fire at EV Maker’s California Plant
Tesla Inc. shares fell a day after firefighters responded to an incident at the company’s factory in Fremont, Calif., containing a blaze in an area of the property under construction.
Aurora Partners With Toyota in Bid to Bring Autonomy to Masses
Aurora Innovation Inc., a Silicon Valley-based autonomous-driving startup with at least a $10 billion valuation, has agreed to a long-term strategic partnership with Toyota Motor Corp. and its supplier Denso Corp. that aims to mass produce autonomous vehicles and launch them on ride-hailing networks, including Uber’s, over the next few years.
Elon Musk’s Finance Chief Quietly Tallies Profit Surge at Tesla
Tesla Inc. on Jan. 27 is widely expected to report its sixth consecutive quarterly profit — and potentially its first $1 billion quarter. That follows a remarkable year when Tesla’s stock split and skyrocketed, the company joined the S&P 500 Index and it sold almost half a million cars.
Tesla Inches Near Annual Goal With Record Sales in Quarter
Tesla Inc. delivered a record number of cars worldwide in the third quarter, smashing analysts’ estimates and maintaining its dominance in electric-vehicle sales — making a difficult year-end sales goal slightly more attainable.