General Motors has announced that it will push back the closing date on its partnership with automaker Nikola Corporation. The partnership has most likely been delayed after Nikola’s stock price has fallen significantly after a report indicated that the automaker could have misled shareholders. “Our transaction with Nikola has not closed,” a GM statement issued […]
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Tesla CEO Elon Musk has posted a positive update as the third quarter of 2020 comes to an end. Tesla is currently executing its notorious “end-of-quarter” push, which has been a heavily documented episode where the electric automaker attempts to increase production and delivery rates before figures are released by the company ahead of the […]
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Tesla (NASDAQ: TSLA) CEO Elon Musk’s podcast with the New York Times’ Kara Swisher revealed more rumblings that the company’s frontman has regarding the stock. After admitting that Tesla was in “mortal danger” just three years ago, Musk states that Tesla is doing well now. However, the serial tech entrepreneur still believes Tesla isn’t appropriately […]
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Tesla’s Giga Berlin and Giga Shanghai production facilities will produce “original cars,” CEO Elon Musk said in a Tweet on September 28th. The Tweet was derived from the idea that Tesla will produce a new $25,000 model within the next few years. Musk announced this development at the company’s Battery Day event on September 22nd. […]
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Tesla (NASDAQ: TSLA) stock fell last week unexpectedly after the company’s Battery Day event. But Cathie Wood, a TSLA bull and the founder of ARK Invest, broke down Wall Street’s response and showed why analysts misunderstood some of the electric automaker’s revealings at the event. Wood, who currently holds the CEO and CIO positions at […]
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A Tesla Cybertruck prototype was spotted on production lines at the company’s Fremont production pant in Northern California. The Cybertruck is not expected to be produced until late 2021, but Tesla has several prototypes floating around, and it may be adding to the list. Fremont is the only currently-operating manufacturing facility that Tesla has in […]
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Tesla (NASDAQ: TSLA) investors enjoyed a sizeable 4.5% gain during early trading hours on Monday morning, after the automaker and Piedmont Lithium announced a five-year supply deal for the material. A press release from Piedmont indicated that about a third of its 160,000-tones-per-year spodumene concentrate produce would be supplied to Tesla, which will help the […]
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Tesla might be bringing in a new definition for the term “Ice Age.” Instead of “a long period of reduction in the temperature of the Earth’s surface and atmosphere, resulting in the presence or expansion of continental and polar ice sheets and alpine glaciers,” Tesla’s Ice Age has to do with the disappearance of ICE, meaning Internal Combustion Engines. […]
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Tesla has purchased additional land at its Giga Texas production facility, reports indicated late Friday. Deed records from Travis County, Texas, indicate that Tesla has purchased an additional 381-acre piece of land that sits directly adjacent to the 2,100-acre site that the electric automaker purchased earlier in 2020. The Statesman, a Texas-based news outlet, stated […]
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The Tesla Model 3 has taken the top spot as the most popular electric vehicle in Europe in terms of sales for August. The most-affordable EV from Tesla overtook the Renault Zoe in the rankings, which has dominated the European market for several months. According to a report from the EV Sales Blog, the Model 3 […]
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