Tesla is looking to lock up an over 200,000 square foot commercial space in Lakewood, Washington, a town about an hour south of Seattle. Tesla has done plenty in the past year to increase its vehicle production, including the announcement of a new U.S.-based Gigafactory in Austin, Texas. Tesla is currently building another production facility […]
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Camera shots from The Boring Company Las Vegas Convention Center (LVCC) Loop’s construction sites reveal that asphalt has been laid outside the terminal entrances of each station. It appears that the LVCC Loop is in the final stages of construction and will be ready to ramp Tesla vehicle testing soon. Based on live video streams […]
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Tesla’s Giga Texas production facility is fully funded by the automaker’s $12 billion capital raise in 2020, opening the door for more automotive manufacturing plants to be built in the future. Tesla performed two massive capital raises of $5 billion: One in September and one in December. The second $5B offering round was completed in […]
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Tesla’s new Giga Shanghai-produced Model Y has a 29.4% gross margin, according to Guosen Securities, who analyzed the cost of building the car compared to its selling price. According to the Shenzhen, China-based financial firm, Tesla’s China Model Y only costs ¥237,930 (USD 36,852) to produce. However, its selling point gives Tesla a 29.4% gross […]
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Tesla (NASDAQ: TSLA) short sellers felt the burn on the first days of 2021, recording a $1 billion loss due to the electric automaker’s boost in price on January 4. Tesla closed at a record high of $729.77 yesterday, marking the first official trading day on Wall Street of 2021 as a win for the […]
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Tesla (NASDAQ: TSLA) is still a stock to buy despite its over $700 price tag per share, Jim Cramer says. Cramer, a TSLA bull, says that CEO Elon Musk is constantly increasing the company’s valuation because “every time he talks, it’s going to be good.” Cramer appeared on TheStreet on Monday morning to talk about the […]
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Tesla has received a Commercial Import License from the Israeli Ministry of Transport, and online sales of its electric cars are expected to begin within a few days. Tesla has been looking to expand to Israel since 2019 when the company registered a wholly-owned subsidiary in the Middle Eastern territory in December of that year. […]
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Tesla’s 2020 showing has created an aftermath of reflection from bulls and bears alike. Despite the company coming off of a record year with a massive 500,000 vehicle delivery and production rate, which was considered “absurd” by some short-sellers in years past, Tesla proved the doubters wrong once again. Everyone knows that the stock market […]
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Mirroring comments made a few weeks ago, CEO Elon Musk says that SpaceX could be ready to test two Starships simultaneously within “the next few weeks.” On November 30th, in response to an unofficial aerial photo edited to show two Starships at SpaceX’s South Texas launch pad, Musk had noted that the depiction “will be […]
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Tesla has announced that it has successfully reached its 500,000 production and delivery goal, which it set at the beginning of 2020. The company released its Q4 2020 and 2020 annual production and delivery figures on January 2, which revealed that it narrowly accomplished the feat in production, and its delivery goal was just 450 […]
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