Tesla CEO Elon Musk claims his new Cybertruck already has 250,000 orders November 27, 2019 Elon Musk has suggested that his unorthodox new electric pickup truck has already received a quarter-of-a-million orders since its unveiling last week. The so called Cybertruck, made by Tesla, has caused a stir in the automotive industry since its launch on Thursday, with its unconventional shape and hefty $39,900 price tag making it a target [...]
Brexit has cost Britain a Tesla gigafactory, according to Elon Musk November 13, 2019 Britain missed the opportunity to have Tesla’s first European factory because of Brexit, according to chief executive Elon Musk. Instead, the electric car maker plumped for a site near Berlin for the so called gigafactory, where it will make batteries, powertrains and vehicles. Read more: Tesla holds share gains after surprise third quarter profit The [...]
Tesla share price falls after it misses deliveries target October 2, 2019 Shares in Tesla fell as much as six per cent in post-close trading after it delivered fewer vehicles than expected in the third quarter. Elon Musk’s firm delivered a record 97,000 vehicles in the quarter, up 1.9 per cent on the previous three months. However, this was below estimates of 97,477. The total consisted of [...]
Consumer group calls on car manufacturers to recall faulty models September 10, 2019 Some of the UK’s most popular car models are among the least reliable and could leave motorists facing mechanical failures and potentially high repair bills, new research has found. Consumer rights group Which said it has uncovered “inherent flaws” in some vehicles made by carmakers including Nissan, Seat, and Tesla, and called on manufacturers to [...]
Nextmove cancels order for 85 Teslas over paint defects and faulty wiring August 16, 2019 German car rental firm Nextmove has cancelled most of its order of 100 cars from Tesla over quality problems, it said today. The firm said the more than €5m (£4.57m) deal was called off after it was unable to reach a deal with Tesla over how to fix a series of issues with the cars. [...]
Tesla shares rally as firm makes record number of deliveries July 3, 2019 Tesla shares rallied today after the tech company announced it delivered a record number of electric cars in the second quarter. Elon Musk’s firm delivered 95,200 cars in the period, sending shares up 6.4 per cent to $238.92, the highest price in almost two months. Read more: Tesla boss Elon Musk rebrands on Twitter as [...]
The real revolution in electric vehicles… May 13, 2019 | City Talk Electric vehicles (EVs) have reached a clear inflection point. Product quality has improved and consumer availability is expanding rapidly. Perhaps most importantly, the cost of electric car ownership is finally approaching parity with traditional combustion engine cars. The colourful stories within the industry have also helped generate interest: the spectacular and turbulent growth story of [...]
Tesla looks to strengthen with $2.3bn fundraising round May 2, 2019 Tesla will look to raise around $2.3bn (£1.76bn) by issuing new shares and debt, with chief executive Elon Musk pitching in $10m of his own cash to buy shares. The electric car maker said this afternoon it has filed with regulators to launch the fundraising, after it lost $700m in the first three months of [...]
Tesla pledges a return to black as profitability fails to materialise April 25, 2019 A return to profit escaped Tesla chief Elon Musk for a second consecutive quarter last night. The electric car maker reported a widening $494m (£382.5m) loss after a record drop in deliveries. Tesla posted a deficit per share of $2.90 for the first three months of 2019, compared to the average analyst estimate of a [...]
Elon Musk predicts Tesla will launch a robotaxi service in 2020 April 23, 2019 Elon Musk has promised Tesla will be able to produce so-called robotaxis with no human drivers in parts of the US as soon as next year. Read more: Tesla investigating incident of car catching fire in Shanghai In a webcast ahead of the firm’s quarterly results this week, the outspoken chief executive said its driverless [...]