Tesla to Raise $2 Billion to Counter Cash Drain
Tesla Inc. plans to raise about $2 billion through debt and stock offerings, after CEO Elon Musk overestimated the ability of the Model 3 sedan to generate enough cash for the company to be self-sustaining.
Shanghai Tesla Factory Key to CEO Elon Musk’s Ambitions
Three months after groundbreaking, Tesla Inc. is rushing to complete its multibillion-dollar factory on the outskirts of Shanghai to capitalize on growing demand in the world’s largest electric car market.
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.
Tesla Gears Up for Driverless Cars in 2020 Amid Skepticism
SAN FRANCISCO — Tesla CEO Elon Musk appears poised to transform the company’s electric cars into driverless vehicles in a risky bid to realize a bold vision that he has been floating for years.
April 22, 2019Tesla’s Elon Musk, SEC Get More Time to Solve Spat Over Tweets
In a joint letter to U.S. District Judge Alison Nathan, Tesla Inc.’s top executive and the securities regulator said they haven’t been able to resolve a legal dispute over how Musk posts news about his electric-car company. The judge agreed and gave them until April 25.
Tesla’s Elon Musk Blames Panasonic Battery Lines for Low Model 3 Output
Tesla Inc. CEO Elon Musk said Panasonic Corp. cell lines at the electric-car maker’s Nevada battery factory have been holding up production of its Model 3 sedans.
Elon Musk Tweets Another Tesla Forecast in Midst of SEC Talks
Elon Musk, already in hot water over his Twitter use, posted another Tesla Inc. production forecast reminiscent of the one that landed him before a federal judge earlier this month.
Tesla Quarterly Sales Announcement Could Come With a Surprise
Tesla Inc. will announce this week how many cars it built and sold for the quarter. It’s always a day of suspense for investors, especially after a tumultuous 2018 in which production tripled while managing to fall short of dramatic targets set by Tesla CEO Elon Musk. This time around, there could be another surprise.
Tesla Factory Injuries Idled Workers Three Times as Much in 2018
Tesla Inc. factory employees spent almost three times as many days off the job because of work-related injuries and illness in 2018 as the year before, an indication of just how much strain they were under as they manufactured electric cars at scale for the first time.
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.