According to Tesla Inc’s website, it has increased the prices of its Model S sedan across Europe with rates varying according to different countries. In Germany for example, the Model S currently stands at $97,699.28 (81,990 euros), against its earlier… Read More ›
Model S
Tesla unveils ‘Sentry Mode’ for its vehicles manufactured after Aug. 2017
Given that 773,139 motor vehicles had been reported as stolen in the United States in 2017, Tesla’s ‘Sentry Mode’ feature makes its offering more attractive to potential buyers. In a development that makes Tesla’s cars more attractive to consumers, Tesla’s… Read More ›
Saudi Arabia’s PIF hedged its 4.9% stake in Tesla Inc: FT
Saudi Arabia’s PIF used an equity collar to reduce its exposure to price movements of Tesla’s shares. As per a report by the Financial Times, Saudi Arabia’s Public Investment Fund (PIF) has reduced its exposure to Tesla Inc. Saudi Arabia’s… Read More ›
Tesla works to resolve legacy clients related issues with Grohmann Engineering
Tesla’s needs Grohmann Engineering’s expertise to ramp up its production to 500,000 cars by 2018. Tesla Inc has stated it is determined to resolve the outstanding disputes with the legacy customers of its Grohmann engineering unit. Issues had flared up after… Read More ›
As first quarter results for 2017 roll in, Tesla reports doubling of Profits
Although Musk’s bold moves have taken investor’s fancy, sceptics and investors alike are holding their breath as to whether Musk will be able to deliver his promise on the Model 3. Tesla Inc has reported a doubling of its profits… Read More ›
Musk pushing the envelope in the Model 3’s production strategy
Earlier Musk had spoken about his vision to investors with the production line working like an “alien dreadnought” factory in which robots and artificial intelligence are predominantly used to build cars. The vision will however take a while to materialise… Read More ›
Panasonic deepens its strategic partnership with Tesla
It will be investing $256 million in Tesla’s plant in Buffalo, NY which will manufacture solar photovoltaic cells and modules. Panasonic Corp is set to invest $256 million (30 billion yen) in Tesla New York facility which will make photovoltaic… Read More ›
Chinese Billionaire, Jia Yueting, plans on raiding Tesla’s territory despite funds crunch
Spread across 10 years, armed with three car manufacturing startups, Jia Yueting plans on taking on Tesla Motors’s Model S and Model X with its LeSee Pro, which will be showcased in CES 2017. In CES 2017, 3 electric car… Read More ›