Tesla (TSLA) is reportedly looking to raise almost $800 million from a debt sale backed by its auto leases. Bloomberg reported the move, which Tesla is reportedly premarketing the debt sale to the market right now: The deal, being run by Societe Generale, would be the electric-vehicle maker’s second transaction of the year and is… Continue reading Tesla (TSLA) is looking to raise almost $800 million from debt sale backed by auto leases
Author: Electrek Newsfeed
Tesla loses its long-time Chief Information Officer
Tesla is losing its long-time Chief Information Officer, Nagesh Saldi, according to a new report. He is one of many top Tesla executives who left or have been let go this year. Back in 2018, Electrek exclusively reported that Tesla let go of its Chief Information Officer (CIO), Gary Clark, as part of a major… Continue reading Tesla loses its long-time Chief Information Officer
Tesla fans start rumor McDonald’s is going to partner with Tesla’s Cybercab
Tesla fans are starting a rumor that McDonald’s is going to partner with Tesla on its Robotaxi/Cybercab based on a cryptic message the fast-food chain posted. This is the post that started the speculation: The date is what triggered speculation from Tesla fans since the automaker is planning to unveil its Robotaxi at an event… Continue reading Tesla fans start rumor McDonald’s is going to partner with Tesla’s Cybercab
Ford officially overthrown by GM in Q3 electric vehicle sales in the US
Ford said it remains the second best-selling EV brand in the US behind Tesla, but is it really? Ford was topped by GM in Q3 electric vehicle sales as the race intensifies into the end of the year. Ford topped by GM in Q3 electric vehicle sales in the US On Monday, GM announced that… Continue reading Ford officially overthrown by GM in Q3 electric vehicle sales in the US
Elon Musk celebrates winning lawsuit over Tesla self-driving claims with embarrassing defense
Elon Musk is celebrating winning a lawsuit over his misleading claims regarding Tesla’s self-driving program. However, before celebrating, he should take a closer look at the defense his lawyers took: puffery. By definition, “puffery” refers to exaggerated or false praise. It’s also a legal defense used by defendants in cases of false advertising or misleading statements.… Continue reading Elon Musk celebrates winning lawsuit over Tesla self-driving claims with embarrassing defense
Tesla cancels its cheapest electric car
Photo: Tesla Tesla has discontinued its cheapest electric car model: the Model 3 Standard Range Rear-Wheel-Drive. Last night, Tesla updated its online Model 3 configurator. While we were focused on Tesla’s delivery numbers this morning, we didn’t even realize that the Model 3 Standard Range was gone from the automaker’s online configurator: At $39,000, it… Continue reading Tesla cancels its cheapest electric car
Tesla (TSLA) releases Q3 deliveries: just shy of expectations
Tesla (TSLA) has released its official deliveries and production results for the third quarter of 2024. The automaker confirmed that it delivered just short of 463,000 vehicles, which was Wall Street’s expectations. Tesla Q3 2024 Expectations After two quarters in a row with deliveries being down year-over-year, a first for Tesla in almost a decade,… Continue reading Tesla (TSLA) releases Q3 deliveries: just shy of expectations
GM nears double-digit EV market share in the US after Q3 sales surged
GM is eyeing double-digit market share in the US EV market after sales surged 60% in Q3 compared to last year. With new models like the Chevy Blazer, Equinox, and Silverado EVs rolling out nationwide, GM looks to top rival Ford by the end of 2024. With GM’s “EV for everyone” strategy finally unfolding, electric… Continue reading GM nears double-digit EV market share in the US after Q3 sales surged
Tesla is still dominant in Sweden despite dragging unionization battle
Tesla remains a dominant force in Sweden’s auto market despite a unionization battle that has been dragging on for almost a year now. For almost a year now, Tesla service workers in Sweden have been on strike, demanding inclusion in a collective agreement. Tesla has historically opposed unions and successfully resisted unionization at its manufacturing… Continue reading Tesla is still dominant in Sweden despite dragging unionization battle
Tesla shifts its in-car music streaming strategy, crashing this stock in the process
Tesla appears to be shifting its in-car music streaming strategy and it is crashing this stock in the process. Tesla doesn’t use phone-mirroring systems like Apple CarPLay and Android Auto. The automaker wants to own the entire in-car experience with its own user interface. When it comes to music streaming, Tesla had a long-term relationship… Continue reading Tesla shifts its in-car music streaming strategy, crashing this stock in the process