Elon Musk showed off his dance moves at the launch of Tesla's Model Y electric sports utility vehicle programme at its new Shanghai factory on Tuesday, where the company delivered its first cars built outside the United States to the public. The $2 billion Tesla Inc factory started delivering cars in just 357 days, a record for global automakers in China. Billionaire CEO Musk danced enthusiastically on stage at the event, then stripped off his jacket and flung it aside to reveal a T-s
On Sunday, a Tesla Model S sedan left a freeway in Gardena, California, at a high speed, ran a red light and struck a Honda Civic, killing two people inside, police said. On the same day, a Tesla Model 3 hit a parked firetruck on an Indiana freeway, killing a passenger in the Tesla. The special crash investigation unit of the National Highway Traffic Safety Administration is looking into the California crash.
U.S. electric vehicle maker Tesla Inc cut the starting price for its China-made Model 3 sedans by 16% to 299,050 yuan ($42,919) after receiving Chinese subsidies for electric vehicles, according to its China website. The reduction, partly thanks to 24,750 yuan of subsidies, from an earlier 355,800 yuan is among a slew of adjustments Tesla has made to its sales policy in China, including tweaking prices for car accessories and home charging facilities. Tesla has said it plans to start deliveri
Tesla's global deliveries rose more than 50% last year, meaning the company surpassed the low end of its sales goals for 2019. Tesla, based in Palo Alto, California, had earlier projected deliveries of between 360,000 and 400,000 units worldwide last year. Shares of Tesla Inc. rose nearly 2% in premarket trading Friday to $438.44.
Tesla Inc will deliver its first China-made Model 3 sedans to the public on Jan. 7 at an event at its Shanghai plant, a representative for the firm told Reuters on Thursday. The deliveries come a year after construction of Tesla's only plant outside the United States began. "As Model 3s roll off Tesla's Chinese manufacturing facility with local subsidies intact, we believe the U.S.-based focus will need to shift globally for the company," Canaccord Genuity analyst Jed Dorsheimer wrote in a not
In a decision on Monday, U.S. District Judge William Orrick in San Francisco found open questions over whether Owen Diaz and his son Demetric Di-az faced "severe and pervasive racial harassment" in 2015 and 2016 at Tesla's factory in suburban Fremont, which employs more than 10,000 people. Orrick said Diaz could pursue claims that Tesla allowed and did not take reasonable steps to stop racial harassment.
Tesla has started delivering Model 3 electric cars built at its Shanghai factory in just under a year since it began work on the $2 billion plant, a record for global automakers in China, and said it would ramp up deliveries from next month. The U.S. electric vehicle maker marked the start with an event on Monday where 15 Tesla employees received cars they had purchased, one of whom took the opportunity to propose marriage to his girlfriend after getting his new set of wheels. The Shanghai pla
Elon Musk spent some time over this past holiday week answering questions posed by fans on Twitter, and one addressed the growing catalog of entertainment options available in-car via the Tesla Theater software feature: Musk said that Disney+ will be "coming soon" to the list of available streaming services drivers can access in their cars. Tesla Theater was introduced in the V10 software update that went out in September via over-the-air-update, and added streaming media from Netflix and YouT
BEIJING/SHANGHAI (Reuters) - U.S. electric vehicle maker Tesla Inc will begin delivering Model 3 vehicles built at its Shanghai factory on Monday, a company representative told Reuters. The first 15 customers to get the cars on Dec 30 are Tesla employees, the company representative added. The delivery date of Dec. 30 means that the plant will start delivering cars to customers just 357 days after the factory's construction started, which will mark a new record for global automakers in
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
BEIJING/SHANGHAI (Reuters) - Tesla Inc said on Friday it will offer its Chinese customers more video and gaming content next year, marking the first time the automaker will offer internet-connected games in its vehicles. Owners will also be able to entertain themselves with three online games - mahjong and two versions of poker from Chinese tech-giant Tencent. The games and videos will only start after the cars are properly parked, Tesla said, adding that new offerings will come sometime in fi
Tesla owners have seen a bunch of games added to their car's in-dash display over the last few months, from a handful of Atari classics to the painfully hard Cuphead. In addition to just being kind of cool, the in-dash games (playable only when parked, because duh) are meant to help Tesla owners kill time while at superchargers. Stardew Valley is... sort of the perfect game for this.
The recent run-up is a stunning turnaround for the shares, triggered by a rare quarterly profit in October, news of production ramp-up in its China factory and upbeat early deposits for its recently launched electric pickup truck. Tesla's shares were up 2.2% at $413 on Friday, trading 46% higher than Wall Street's current median price target.