Business, Technology, Autonomous

Autonomous Tech Could Make Tesla $500 Billion Company, CEO Elon Musk Says

Elon Musk described autonomous-driving technology as “transformative” to Tesla Inc. in a call aimed at ginning up interest in the electric-car maker’s debt and stock offering of about $2 billion, according to two people who dialed in.

Dana Hull | Bloomberg News
May 3, 2019
Business, Technology, Safety, Autonomous

CEO Elon Musk Makes Self-Driving Technology Tesla’s Costly New Calling

Tesla Inc.’s calling used to be bringing affordable electric cars to the masses. Elon Musk is now ripping up the script, vowing to pair self-driving technology with a sharing service that will make it crazy for consumers to buy other cars.

Dana Hull | Bloomberg News
April 23, 2019
Business, Technology

Tesla Makes It Tougher to Buy Standard $35,000 Model 3

Tesla Inc. announced a series of changes to its vehicle lineup and pricing, including making it tougher to buy its newly available entry-level $35,000 car.

Dana Hull | Bloomberg News
April 12, 2019
Business, Technology

Tesla Plunges as Delivery Drop Deepens Demand Concerns

Tesla Inc. shares plummeted as a record decline in deliveries during the first quarter stoked concern of slackening demand for the Model 3 sedan that started selling less than two years ago.

Dana Hull | Bloomberg News
April 4, 2019
Business, Technology, Equipment

Tesla Unveils Model Y Crossover, but Delivery Time Reignites Cash Concerns

The Model Y crossover that Elon Musk debuted late March 14 in Hawthorne, Calif., will start being delivered to customers in the fall of next year, later than some analysts anticipated. The company immediately began taking $2,500 pre-orders, a bigger ask than the $1,000 it has charged to reserve a Model 3 sedan.

Dana Hull | Bloomberg News
March 15, 2019
Business, Technology, Logistics

Musk Blindsided Tesla Staff With Store Wind Down, Sources Say

Tesla Inc. CEO Elon Musk caught many employees by surprise with his announcement last week that the electric-car maker would close most stores and shift to online-only sales, according to three people familiar with the matter.

Dana Hull | Bloomberg News
March 5, 2019
Business, Technology, Logistics

Tesla’s Elon Musk Touts Model Y Event as Questions About Company Linger

Elon Musk said March 3 that Tesla will unveil its Model Y crossover in less than two weeks, as questions about store closures, employee layoffs and demand in the wake of waning U.S. federal tax credits threaten the company’s growth narrative.

Dana Hull | Bloomberg News
March 4, 2019
Government, Business, Technology, Logistics

Tesla Racing to Get Model 3s to China Before Potential Tariff Hike

Tesla Inc. is loading as many Model 3 sedans as it can onto vessels destined for the People’s Republic ahead of March 1, when a trade-war truce between presidents Donald Trump and Xi Jinping is scheduled to expire.

Dana Hull | Bloomberg News
February 13, 2019
Business, Technology

Tesla Cuts Model 3 Price for Second Time This Year

Tesla Inc. is cutting the price of its Model 3 sedan for the second time this year, citing the end of a customer-referral program that was a more costly incentive than the company realized.

Dana Hull | Bloomberg News
February 6, 2019
Business, Technology

Tesla CFO Steps Down for Second Time

Tesla CEO Elon Musk revealed Chief Financial Officer Deepak Ahuja will retire a second time, reinforcing Tesla’s reputation for having an active revolving door of top executives.

Dana Hull | Bloomberg News
January 31, 2019