Tesla

Business, Technology, Fuel

Top Electric-Car Battery Maker Wins Approval for Company Split

LG Chem won investor approval on Oct. 30 to spin off its electric-car battery division. SeongJoon Cho/Bloomberg News

South Korea’s LG Chem Ltd. won shareholder approval to hive off its superstar battery business, with investors betting the division has a better chance to thrive as a stand-alone entity.

October 30, 2020
Business, Technology, Fuel, Autonomous

Elon Musk Cruises to $11.8 Billion Haul, Is Now World’s Fourth-Richest Person

Elon Musk's wealth has more than quadrupled this year, the largest gain of anyone on Bloomberg's Billionaires Index. Elon Musk's wealth has more than quadrupled this year, the largest gain of anyone on Bloomberg's Billionaires Index. (Saul Martinez/Getty Images)

Tesla Inc.’s Elon Musk collected the fourth tranche of his moonshot award this month, bringing his aggregate haul to $11.8 billion.

Anders Melin | Bloomberg News
October 26, 2020
Business, Safety

Tesla Is Recalling About 30,000 Imported Vehicles in China

Tesla vehicles are unloaded from car carriers before being shipped from the Port of San Francisco. Tesla vehicles are unloaded from car carriers before being shipped from the Port of San Francisco in February 2019. (David Paul Morris/Bloomberg News)

Tesla Inc. is recalling about 30,000 imported Model S and Model X vehicles in China because of suspension problems, a setback for the U.S. electric-car maker just as it faces intensifying competition in the world’s largest auto market.

October 23, 2020
Business, Technology, Fuel, Autonomous

Tesla to Start Exporting China-Made Model 3 Cars to Europe

Tesla will begin shipping China-made Model 3s to Europe, the company said. A woman walks past a Tesla car being charged in Beijing, China, in January 2019. (Ng Han Guan/Associated Press)

Tesla Inc. will start exporting Model 3 cars made at its gigafactory on the outskirts of Shanghai to Europe later this month, the automaker said in a statement sent via WeChat.

October 19, 2020
Business, Technology, Fuel, Autonomous

Tesla Inches Near Annual Goal With Record Sales in Quarter

New Tesla vehicles sit on the dockside after being imported to the Port of Southampton in the United Kingdom. New Tesla vehicles sit on the dockside after being imported to the Port of Southampton in the United Kingdom. (Luke MacGregor/Bloomberg News)

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.

Dana Hull | Bloomberg News
October 2, 2020
Business, Technology, Safety, Fuel, Autonomous

Tesla’s $25,000 Car Doesn’t Worry Biggest Rivals in China

The Tesla logo is seen on the grille of a Model X vehicle in Moscow, Russia, in July 2018. (Andrey Rudakov/Bloomberg News)

Tesla Inc.’s plan to build a $25,000 car within the next three years doesn’t seem to have fazed China’s most-promising electric vehicle startups, with executives at the Beijing Auto Show saying Elon Musk can bring it on.

September 28, 2020
Business, Technology, Equipment, Fuel, Autonomous

Elon Musk Says Tesla Plans $25,000 Autonomous EV in 3 Years

Tesla CEO Elon Musk on stage at September 2020 shareholders meeting Tesla CEO Elon Musk speaks from the stage during an outdoors shareholders meeting Sept. 22, 2020. (Tesla via YouTube)

Tesla Inc. plans to manufacture a car that will cost $25,000 in about three years’ time, fulfilling an elusive long-term objective to sell a cheap mass-market electric vehicle, Chief Executive Officer Elon Musk said Sept. 22.

Dana Hull and Akshat Rathi | Bloomberg News
September 22, 2020
Business, Technology, Fuel, Autonomous

Tesla Falls on Musk Cautioning Battery Output Is Years Away

Tesla shares fell ahead of its Battery Day as Elon Musk tweeted to temper expectations. Tesla shares fell ahead of its Battery Day as Elon Musk tweeted to temper expectations. (Nina Riggio/Bloomberg News)

Elon Musk tempered expectations for Tesla Inc.’s long-awaited battery day by cautioning that the company will unveil something that won’t be widely produced for two years.

September 22, 2020
Business, Technology, Fuel, Autonomous

Elon Musk Gets Shot to Deliver on Tesla’s ‘Battery Day’ Hints

A battery pack sits on a trolley before a Tesla Model X at a factory in Netherlands. A battery pack sits on a trolley before a Tesla Model X at a factory in Netherlands. (Jasper Juinen/Bloomberg News)

Tesla Inc. will provide a highly anticipated technology update Sept. 22 when Elon Musk takes center stage at an event the CEO has dropped hints about for months — and which has helped propel the company’s sky-high valuation.

Dana Hull and Akshat Rathi | Bloomberg News
September 21, 2020
Government, Business, Technology, Fuel, Autonomous, TCA

Tesla’s Austin Site Plan Outlines Footprint for Huge Truck Factory

Tesla has filed its truck factory plan with the city of Austin. (Nina Riggio/Bloomberg News)

Bulldozers and other construction equipment have been at work for weeks at the location of Tesla’s future $1.1 billion electric vehicle factory in southeast Travis County, but a site plan filed by the company is providing the first public indication of the facility’s huge eventual footprint.

Bob Sechler | Austin American-Statesman
September 18, 2020

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