Tesla

Business, Technology, Fuel, Autonomous

Tesla Splits Stock to Make Lofty Shares Attainable Again

The Tesla logo is seen at a showroom in San Diego. (Bing Guan/Bloomberg News)

Tesla Inc. is splitting its richly valued shares in a 5-for-1 exchange, a move designed to make the stock less expensive for individual investors after the company became the world’s most valuable automaker.

Ed Ludlow | Bloomberg News
August 12, 2020
Business, Technology, Fuel, Autonomous

Tesla’s ‘Mind-Boggling’ Value Leads Bernstein to Downgrade

The Tesla Gigafactory in Shanghai, China, stands illuminated at night. The Tesla Gigafactory in Shanghai, China, stands illuminated at night. (Qilai Shen/Bloomberg News)

Tesla Inc.’s soaring valuation led to a downgrade by Sanford C. Bernstein analyst Toni Sacconaghi on July 28, who said it is difficult to justify the market capitalization even using best-case scenarios.

Esha Dey | Bloomberg News
July 28, 2020
Business, Technology, Fuel, Autonomous

VW CEO Herbert Diess Lauds Elon Musk Over Tesla’s Earnings

Elon Musk waves during the Satellite 2020 Conference in Washington on March 9. Elon Musk waves during the Satellite 2020 Conference in Washington on March 9. (Andrew Harrer/Bloomberg News)

Volkswagen AG’s CEO again praised Tesla Inc.’s Elon Musk, this time for showing it’s possible to profit off electric cars even in the midst of a global pandemic.

Christoph Rauwald | Bloomberg News
July 24, 2020
Business, Technology, Autonomous

Tesla to Build Factory in Austin, Texas, for Semi Production

Tesla electric vehicles charge at the Tesla Supercharger station in Fremont, Calif., on July 20. Tesla electric vehicles charge at the Tesla Supercharger station in Fremont, Calif., on July 20. (Nina Riggio/Bloomberg News)

Tesla Inc. managed to stay profitable even in the midst of a global pandemic, but something is still nagging at Elon Musk: the electric-car maker isn’t growing fast enough.

Dana Hull and Ed Ludlow | Bloomberg News
July 23, 2020
Government, Business, Technology, Fuel, Autonomous

Tesla Slashes Deposit for China Customers to Just $143

The Tesla logo is seen outside one of the company's showrooms in Beijing, China. The Tesla logo is seen outside one of the company's showrooms in Beijing, China. (Giulia Marchi/Bloomberg News)

Tesla Inc. lowered the deposit that buyers in China have to put down on its cars, seeking to keep sales momentum in the face of intensifying competition and reductions in the government’s electric-vehicle subsidies.

July 22, 2020
Government, Business, Technology, Fuel

Tesla Keeps China Growth Going With Record Registrations

A Tesla Model 3 moves off an assembly line during a ceremony. A Tesla Model 3 moves off an assembly line during a ceremony at the company's Gigafactory in Shanghai in 2019. (Qilai Shen/Bloomberg News)

Tesla Inc. kept growing in China last month, with registrations of its electric vehicles jumping to a record in the world’s largest market as the coronavirus outbreak receded.

Ville Heiskanen | Bloomberg News
July 17, 2020
Government, Business, Technology, Fuel, Autonomous, TCA

Texas County Gives Thumbs Up to Tesla Factory Tax Break

The Tesla company logo is seen on teh rear deck of an unsold 2020 Model X at a dealership. The Tesla company logo is seen on the rear deck of an unsold 2020 Model X at a dealership in Colorado on April 26. (David Zalubowski/Associated Press)

The prospect of a Tesla Inc. factory in the Austin, Texas, area has moved a big step closer to reality, after Travis County commissioners on July 14 approved tax breaks the electric vehicle maker requested.

Bob Sechler | Austin American-Statesman
July 15, 2020
Business, Technology, Fuel, Autonomous

Tesla Shares Take a Breather After Historic Run

A man walks past a Tesla Model X electric vehicle on display at a showroom in Hong Kong. A man walks past a Tesla Model X electric vehicle on display at a showroom in Hong Kong. (Justin Chin/Bloomberg News)

After a torrid rally that saw shares more than double since early May, Tesla Inc. is taking a pause on July 15, even as the broader market rises on the hopes for a coronavirus vaccine.

Esha Dey | Bloomberg News
July 15, 2020
Government, Business, Technology, Fuel, Autonomous

Tesla Soars on Optimism for ‘Battery Day,’ India Market, S&P

Vehicles sit parked outside the Tesla assembly plant in Fremont, Calif. Vehicles sit parked outside the Tesla assembly plant in Fremont, Calif. (Sam Hall/Bloomberg News)

Tesla Inc.’s relentless surge continued July 13 amid several upcoming events that include the possible unveiling of new battery technology from the electric vehicle maker, entry into a lucrative new market and the potential inclusion of the stock into the prestigious S&P 500 Index.

Esha Dey | Bloomberg News
July 13, 2020
Business, Technology, Autonomous

Musk Says Tesla Is ‘Very Close’ to Developing Fully Autonomous Vehicles

Elon Musk speaks during a discussion at the Satellite 2020 Conference in Washington on March 9. Elon Musk speaks during a discussion at the Satellite 2020 Conference in Washington on March 9. (Andrew Harrer/Bloomberg News)

Tesla Inc.’s Elon Musk said the carmaker is on the verge of developing technology to render its vehicles fully capable of driving themselves, repeating a claim he has made for years but been unable to achieve.

July 9, 2020

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