Tesla has disclosed that CEO Elon Musk sold around $6.5 billion worth of Tesla (TSLA) shares last week. It’s a significant chunk of his Tesla stake, but the reason behind the sale is unknown as of now. A Twitter settlement maybe? Update: Musk has commented on the sale, and we have added those comments to… Continue reading Elon Musk sells massive $6.5 billion chunk of Tesla (TSLA) stake
Author: Electrek Newsfeed
Tesla Model 3 and Y become best-selling vehicles in California, pushing EVs to new record
Tesla Model 3 and Model Y have become the second-best and best-selling vehicles in California, helping electric vehicle sales reach a new record in the state. California has long been a leader in the US when it comes to EV adoption. There are many reasons for that: state incentive, a general interest in new technology… Continue reading Tesla Model 3 and Y become best-selling vehicles in California, pushing EVs to new record
Tesla (TSLA) sales and export in China are down, but factory upgrade is to blame
Tesla’s (TSLA) sales in China are down more than 60% month-to-month in July, but Gigafactory Shanghai’s planned upgrade is to blame. After a tough Q2 in China due to the restrictions in the city of Shanghai forcing Tesla to shut down its factory, the automaker started to ramp production back up again with 78,906 vehicles… Continue reading Tesla (TSLA) sales and export in China are down, but factory upgrade is to blame
Baidu CEO says autonomous tech from ‘Robocar’ brand JIDU will be a generation ahead of Tesla
During its inaugural partner’s conference in Shanghai, autonomous-centric robotic car brand JIDU shared details of its lofty production expansion goals overseas. Furthermore, the CEO of parent company Baidu, said JIDU’s autonomous driving technology will “lead the Tesla generation.” In January of 2021, Baidu announced it was expanding from software development into physical EV production, joining… Continue reading Baidu CEO says autonomous tech from ‘Robocar’ brand JIDU will be a generation ahead of Tesla
Tesla launches new ‘Ownership Loyalty Program’ with some significant discounts
Tesla has launched a new “Ownership Loyalty Program” with some significant discounts – something that CEO Elon Musk has said Tesla wouldn’t do. But the program is only in China for now. Aside from the $1,000 discount with the now defunct referral program and other discounts on display models, loaners, and test drive vehicles, Tesla made a… Continue reading Tesla launches new ‘Ownership Loyalty Program’ with some significant discounts
Tesla discloses lobbying effort for new factory in Canada
Tesla has disclosed that it is lobbying the Ontario government for a potential new factory in Canada. The new lobbying effort comes after several hints from Tesla CEO Elon Musk in regards to building a Gigafactory in the country. In June, Electrek obtained a recording of a companywide meeting held by Musk, during which he confirmed that Tesla… Continue reading Tesla discloses lobbying effort for new factory in Canada
Tesla (TSLA) secures deal for $5 billion worth of nickel in Indonesia, says official
Tesla has reportedly agreed to a deal with the Indonesian government that will secure the automaker about $5 billion worth of nickel, according to a government official. In 2020, we reported on Tesla allegedly being in talks with the Indonesian government to build a new nickel venture in the country, which has a strong nickel reserve –… Continue reading Tesla (TSLA) secures deal for $5 billion worth of nickel in Indonesia, says official
Tesla is in hot water with California DMV over its Autopilot and self-driving claims
Tesla is in hot water with California DMV over its Autopilot and self-driving claims, which the agency believes are deceptive. The company has two weeks to respond to the inquiry or it risks temporarily losing its licenses to operate as a vehicle manufacturer and auto dealer in California. Over the years, Tesla has been criticized… Continue reading Tesla is in hot water with California DMV over its Autopilot and self-driving claims
Tesla Cybertruck update: Higher price and production equipment coming
Tesla Cybertruck reservation holders got a minor update on the upcoming electric truck at Tesla’s annual shareholder’s meeting. CEO Elon Musk confirmed that it is going to have a higher price than previously announced, and that production equipment is about to be installed. When Tesla unveiled the Cybertruck back in 2019, Tesla said that the… Continue reading Tesla Cybertruck update: Higher price and production equipment coming
Tesla Model Y is on track to be the world’s best-selling car
Tesla revealed that Model Y is on track to be the world’s highest-selling car by revenue this year, and it will likely be the best-selling vehicle by total volume next year. It’s already the world’s best-selling electric car. People often like to poke fun at Tesla CEO Elon Musk for his predictions that didn’t turn… Continue reading Tesla Model Y is on track to be the world’s best-selling car