Tesla share price jumps after Elon Musk teases new product line March 30, 2015 Elon Musk tweets, markets react. Tesla Motors saw its share price rise by over three per cent today after its founder, billionaire investor and inventor Elon Musk, tweeted that the company would be unveiling a "major new product line" next month. Musk added that the product would diverge from Tesla's main business of designing, manufacturing and selling electric [...]
Tesla to cut 180 of China staff as sales fail to meet expectations March 9, 2015 Electric car maker Tesla Motors yesterday said it was cutting about 30 per cent of its staff in China. Tesla, led by billionaire Elon Musk, will eliminate some positions as it makes structural changes to its business in China, Gary Tao, a local spokesman for the car maker, said. He added, however, that he didn’t [...]
Tesla’s full year results fail to meet expectations, with deliveries down due to delays February 11, 2015 Tesla's full year results are likely to reverse investor confidence. The figures During the three months to 31 December 2014, Tesla Motors delivered 9,834 cars to clients – lower than the 11,200 deliveries analysts hoped for and expected. Similarly, the 31,655 cars delivered during the full year to 31 December failed to meet [...]
You can now sleep in a Tesla Model S on Airbnb January 27, 2015 Airbnb has some pretty funky spots – from a footballer's family vineyard to, er, Ikea. But this spot will be rather less roomy: for the bargain price of £58 per night, you can now stay the night in a Tesla Model S, courtesy of the room rental site. The listing dubs it "the world's first [...]
Tesla shares down six per cent after Elon Musk admits to underwhelming sales in China January 14, 2015 Shares in Tesla have dropped over six per cent today, tumbling below $200 a share after comments from its high-profile founder, Elon Musk. Musk, seen as a rockstar investor and chief executive, told journalists at the Detroit Auto show that Tesla’s sales in China were underwhelming in the fourth quarter, giving investors a nasty case [...]
Tesla founder Elon Musk divorces his British wife – for the second time January 2, 2015 It can't be easy living with a multi-billionaire with so many ideas that he has to offer some of them to other people because he doesn't have time to take advantage of them all. But you'd have thought that's a lesson Tesla founder Elon Musk's soon-to-be ex-wife, British actress Talulah Riley, might have learned the [...]
Tesla Motors share price after self-driving car fails to materialise – but the Model D is still pretty cool October 10, 2014 Tesla Motors share price dropped yesterday, and is expected to fall further today, after the much anticipated self-driving car failed to materialise. Company chief executive Elon Musk had fuelled speculation that Thursday night would see a big reveal when he tweeted that it was “about time to unveil the D and something else”. [...]
Tesla share price climbs as expectations soar August 11, 2014 Tesla looks like breaking its share price record today after Deutsche Bank upgraded its stock rating to buy, from hold. Deutsche joins Morgan Stanley (MS) in giving Tesla a buy rating, with MS putting a stock target of $320. The German bank decided to upgrade Tesla on the basis of its forecasts at the end of [...]
Panasonic joins forces with Tesla for futuristic US battery factory July 31, 2014 Panasonic and US electric car pioneer Tesla Motors yesterday announced joint plans for a groundbreaking lithium-ion battery cell mega-plant. Dubbed “The Gigafactor” – whose location is yet to be decided – it will increase production volume by slashing cost-per-unit figures through economies of scale and improvements in logistical arrangements with suppliers. The announcement builds on [...]
Tesla lands $200m Panasonic investment in Gigafactory deal July 31, 2014 Japan's Panasonic is set to invest over $200m in American electric carmaker Tesla Motors' lithium-ion battery plant in the US, according to a person familiar with the matter. Panasonic had signed a preliminary agreement to be involved in the project back in May. In a joint statement the companies said Tesla would be responsible for [...]