News Tesla

Tesla to Launch Model Y SUV in 2020

Tesla unveiled plans to introduce the Model Y, an all-electric, mid-size SUV in late 2020. The Model Y will start at $39,000 for the Standard Range version, and will also come in Long Range starting at $47,000, Dual-Motor All-Wheel Drive at $51,000, and Performance version at $60,000. Deliveries are expected to begin in Fall 2020 […]

News Tesla

Tesla Won’t Close All Stores

Tesla has decided not to close all of its stores. Last month, CEO Elon Musk announced that Tesla would be shutting down its retail stores and moving to online-only sales in order to pass the savings along to our customers. Over the past two weeks, the company has been evaluating every single Tesla retail location, […]

News Tesla

Tesla Shares Tumble $45

Shares in Tesla tumbled over $45 Friday to close at $302.26, down 12.97%, after CEO Elon Musk announced the company will layoff 3,000 employees. Musk said the company grew 30% last year but is cutting 7% of current full-time workforce and will retain only the most critical temps and contractors. Musk said Tesla will need […]

News Tesla

Tesla Names New Chair Replacing Musk

Tesla’s Board of Directors has named Robyn Denholm as the new Chair of the Tesla Board, effective immediately. She is currently a Tesla Director and replaces CEO Elon Musk, who was required to step down from his Chair role after a settlement with the Securities and Exchange Commission. Musk still remains CEO of Tesla. Denholm […]

News Tesla

Tesla Shares Sink on SEC Fraud Charges

WASHINGTON, DC — The Securities and Exchange Commission has charged Elon Musk, CEO and Chairman of Palo Alto-based Tesla Inc., with securities fraud for a series of false and misleading tweets about a potential transaction to take Tesla private. Shares in Tesla sunk in after-hours trading, dropping nearly 12%. On August 7, 2018, Musk tweeted to […]

Tesla

Elon Musk Wants to Merge Own Companies

  Elon Musk, CEO of Tesla, is looking to buy his other company SolarCity for $26.50 to $28.50 per share or about $2.8 billion in a blockbuster deal. In a notice posted on the Tesla company blog, a combination of Tesla and SolarCity can create a vertically integrated company. The companies will offer end-to-end clean […]

Tesla

Tesla Reports First Quarter Results

Electric car maker Tesla reported a new quarterly production record of 15,510 vehicles in the first quarter of 2015, up 10% from the fourth quarter. The company said total revenues were $1.14 billion for the quarter, up from $939.8 million a year ago. The company reported a net loss of $282.2 million. Q1 Model S […]