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.
April 23, 2019BusinessTechnology
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.
April 12, 2019BusinessTechnology
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.
April 4, 2019BusinessTechnologyEquipment
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.
March 15, 2019BusinessTechnologyLogistics
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.
March 5, 2019BusinessTechnologyLogistics
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.
March 4, 2019GovernmentBusinessTechnologyLogistics
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.
February 13, 2019BusinessTechnology
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.
February 6, 2019BusinessTechnology
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.
January 31, 2019GovernmentBusinessTechnologyAutonomous
Tesla Sinks After Cutting Model 3 Price as Deliveries Disappoint
Tesla Inc. plunged in early trading Jan. 2 after delivering fewer Model 3 sedans than analysts expected in the fourth quarter and cutting prices to partially make up for the federal tax credit that’s been halved in the U.S.
January 2, 2019