Tesla News Updates

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Tesla Factory Injuries Idled Workers Three Times as Much in 2018

Tesla Inc. factory employees spent almost three times as many days off the job because of work-related injuries and illness in 2018 as the year before, an indication of just how much strain they were under as they manufactured electric cars at scale for the first time.

March 19, 2019
BusinessTechnologyEquipment

Tesla Unveils Model Y Crossover, but Delivery Time Reignites Cash Concerns

The Model Y crossover that Elon Musk debuted late March 14 in Hawthorne, Calif., will start being delivered to customers in the fall of next year, later than some analysts anticipated. The company immediately began taking $2,500 pre-orders, a bigger ask than the $1,000 it has charged to reserve a Model 3 sedan.

March 15, 2019
BusinessTechnology

Sizable Shipment of Tesla Model 3s Set for Norway

Tesla Inc. is set to make one of the largest deliveries yet of its new Model 3 car to Norway, one of the electric vehicle producers biggest markets.

March 13, 2019
BusinessTechnologyLogistics

Tesla to Raise Prices, Close Fewer Stores Than Announced

Tesla Inc. plans to raise average vehicle prices by about 3% globally after it decided to shut down fewer stores than it previously announced.

March 11, 2019
BusinessTechnologyLogistics

Financing Deals Put Tesla Closer to Making Model 3s in China

Tesla Inc. secured as much as $521 million in loans from Chinese banks to build a vehicle and battery factory in the country, putting the carmaker a step closer to producing Model 3 sedans at its first overseas plant.

March 8, 2019
GovernmentBusinessTechnologyLogistics

Tesla Probably Cant Make Money in China, Morgan Stanley Says

Investors should keep their expectations about Tesla Inc.s ability to operate profitably in China very low, Morgan Stanley analyst Adam Jonas wrote in a note, adding that hes cautious about the countrys role in the carmakers long-term strategy and fundamental value.

March 6, 2019
BusinessTechnologyLogistics

Musk Blindsided Tesla Staff With Store Wind Down, Sources Say

Tesla Inc. CEO Elon Musk caught many employees by surprise with his announcement last week that the electric-car maker would close most stores and shift to online-only sales, according to three people familiar with the matter.

March 5, 2019
BusinessTechnologyLogistics

Teslas Elon Musk Touts Model Y Event as Questions About Company Linger

Elon Musk said March 3 that Tesla will unveil its Model Y crossover in less than two weeks, as questions about store closures, employee layoffs and demand in the wake of waning U.S. federal tax credits threaten the companys growth narrative.

March 4, 2019
BusinessTechnologyAutonomousTCA

Tesla Pushes Cheaper Cars, Will Move Sales Online and Close Most Stores

Tesla said Feb. 28 it will close many of its stores and shift to online-only sales after announcing that its long-awaited $35,000 Model 3 is available for purchase.

March 1, 2019