89 Articles
Everything's 'giga' in Texas: Elon Musk polls Twitter users on new factory

'We've got to scale battery production to crazy levels'

"Giga Texas?" Musk tweeted, giving two options - "hell yeah" and "nope." The poll garnered over 102,000 responses as of 11:15 p.m. PT Tuesday, with about 80% voting in favor of the new gigafactory. Tesla currently has two gigafactories in the U.S. and one in Shanghai, China. During an earnings conference call last week, Musk said that Tesla needs to increase its battery capacity to produce high-capacity models like Cybertruck.

Tesla stock jumps 20% in one day on Panasonic's earnings

Panasonic posts first quarterly profit in U.S. battery business with Tesla

Panasonic Corp reported the first quarterly profit in its U.S. battery business with Tesla Inc on Monday, after several years of production troubles and delays at the U.S. partner. The news comes after the U.S. electric vehicle maker reported its second successive quarterly profit last week, as vehicle deliveries hit a record.

Tesla will take $1.4 billion loan from Chinese banks for Shanghai factory

Tesla aims to build at least 1,000 Model 3 cars a week at the plant by the end of this year

BEIJING/SHANGHAI (Reuters) - U.S. electric vehicle maker Tesla Inc and a group of China banks have agreed a new 10 billion yuan ($1.4 billion), five-year loan facility for the automaker's Shanghai car plant, three sources familiar with the matter said, part of which will be used to roll over an existing loan. China Construction Bank (CCB), Agricultural Bank of China (AgBank), Industrial and Commercial Bank of China (ICBC) and Shanghai Pudong Development Bank (SPDB) are among the banks which hav

Tesla chose Berlin over Britain due to Brexit concerns

'Brexit made it too risky to put a Gigafactory in the UK'

Germany on Wednesday hailed Tesla's decision to build its first European factory in the country, days after the government said it would boost subsidies for buyers of electrics cars. German Economy Minister Peter Altmaier called the announcement a "glorious success" for the country's attractiveness as an auto industry location, especially in the race to develop and produce electric cars and batteries.

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