(Reuters) – Tesla Inc (TSLA.O) is planning to invest $5 billion to build a factory in China, Bloomberg reported on Wednesday, citing a source. FILE PHOTO: A Tesla logo adorns a ‘Model S’ car in the dealership in Berlin, Germany, November 18, 2015. REUTERS/Hannibal Hanschke/File Photo Tesla is considering raising funds in China to finance… Continue reading Tesla plans to invest $5 billion building factory in China: Bloomberg
Tag: Tesla
Swedish driverless e-truck startup Einride just unveiled its latest invention – the ‘T-log’
Swedish startup Einride is at the forefront of autonomous truck development, with its first vehicle, the ‘T-pod’, already in trials on public roads. Introducing Einride’s latest model, the ‘T-log’, which is more durable and capable of operating in a more demanding environment – the forest. TheT-log could be introduced on public roads as soon as… Continue reading Swedish driverless e-truck startup Einride just unveiled its latest invention – the ‘T-log’
Uber Kills Self-Driving Truck Division, Clearing the Road for Tesla
BYE, BYE AUTONOMOUS SEMI. Just under two years ago, Uber bought Otto, a startup focused on developing self-driving trucks. Now, Uber is bidding adieu to its plans for autonomous shipping, at least for the time being. On Monday, the company revealed in a statement that it’s closing its self-driving truck division. Uber’s self-driving trucks were seen on… Continue reading Uber Kills Self-Driving Truck Division, Clearing the Road for Tesla
Here’s what seven experts had to say about the future of Tesla and Elon Musk
Tesla‘s future is a hotly debated topic. And even more so after Elon Musk’s recent outbursts on Twitter and headlines that the electric car company is asking suppliers for refunds.
Here’s what Tesla needs to do to convince investors it’s financially stable: Analysts
Tesla’s stock fell 3.3 percent Monday after it was reported that the electric car company asked suppliers for a refund of a portion of its payment.
UBS predicts Tesla shares will drop 30% in 12 months, says company may need to seek outside capital
Tesla shares will fall significantly because the company will not be profitable in 2019, according to UBS.
Tesla’s limited-edition surfboard sells out in just one day
Tesla has been treading dangerous waters recently, with CEO Elon Musk asking for refunds from some suppliers to help the company turn a profit. Now, to help stay afloat, Tesla turned to new merchandise: limited-edition surfboards. Tesla offered the boards at $1,500 a pop for customers starting Saturday. But with only 200 surfboards available, the… Continue reading Tesla’s limited-edition surfboard sells out in just one
day
Tesla shares drop after carmaker reportedly asks its suppliers for refunds to reach profitability
Tesla is slated to report its June quarter earnings results on Aug. 1. In May, Tesla said it expects positive GAAP net income in its third and fourth quarters. The latest report calls into question the state of Telsa’s financial position. The company lost nearly $2 billion last year and burned about $3.4 billion in… Continue reading Tesla shares drop after carmaker reportedly asks its
suppliers for refunds to reach profitability
UBS predicts Tesla shares will drop 30% in 12 months as company likely to raise capital
Tesla shares will fall significantly because the company will not be profitable in 2019, according to UBS.
Elon Musk: the volatile visionary at risk of steering Tesla off the road
Elon Musk Electric car firm has hit trouble, and Musk – who has a knack of making enemies – must explain to investors what is going on Elon Musk with his girlfriend Grimes at the Met Gala in May. On Wednesday Musk must once more explain to investors what is going on at Tesla. Photograph:… Continue reading Elon Musk: the volatile visionary at risk of steering Tesla off the road