Elon Musk signs agreement for Tesla factory in China with 500k vehicle capacity

Elon Musk has signed a preliminary agreement with the Shanghai government to build a Tesla factory in China. According to reports, the upcoming China factory will be capable of manufacturing 500,000 vehicles per year, rivaling the output of Tesla’s main electric car plant in Fremont, CA. Reports of Musk’s trip to China emerged yesterday after […]

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Tesla CEO Elon Musk to meet with China government officials this week: report

Tesla CEO Elon Musk will be at an event in Shanghai on Tuesday, according to sources familiar with the matter, first reported by Bloomberg. Musk’s upcoming meeting with government officials in China comes as new tariffs are placed on Tesla’s electric cars amidst the US and China’s ongoing trade dispute. People familiar with the visit […]

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Tesla to sustain Model 3 “burst” production rate in July, suggests online tracker

Tesla’s capability to sustain its rate of manufacturing 5,000 Model 3 per week this third quarter remains in question, but an online tracker by Bloomberg suggests that the Silicon Valley electric car maker is on pace to hit peak production levels in the next few weeks. Tesla was finally able to manufacture 5,000 Model 3 […]

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Tesla’s China factory can’t arrive soon enough amid escalating US-China trade war

Amidst the escalating trade war between the United States and China, American automakers such as Tesla have become the first victims of renewed, hefty tariffs on US-made products entering the country. In response to the 25% duties imposed by the United States government on $34 billion worth of Chinese imports last week, China has decided […]

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Tesla shares video of drifting Model 3 Performance during skidpad testing

Tesla has shared a video of the Model 3 Performance during skidpad testing. The short clip, which was uploaded by the Silicon Valley carmaker on Twitter, featured the high-performance variant of the compact electric car burning rubber and drifting around what appears to be a closed area of the company’s test track. Skidpad tests usually […]

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Tesla will start being profitable by September, notes veteran Wall St analyst Gene Munster

Wall Street analyst Gene Munster from Loup Ventures has issued his expectations for Tesla’s (NASDAQ:TSLA) financial performance this coming quarter, stating that the Elon Musk-led company will start being profitable by September 2018.   In a statement to CNBC‘s Fast Money, Munster stated that Tesla would probably not be “wildly profitable” by September, but Elon […]

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Ford Europe CEO trolls Tesla’s 7,000 vehicles/week production milestone

Ford Europe CEO Steven Armstrong took to Twitter recently to pour some cold water on Tesla’s production milestone for Q2 2018. Responding to Elon Musk’s tweet congratulating the Tesla team for producing 7,000 vehicles —   comprised of 5000 Model 3 and 2,000 Model S & X — in a single week, Armstrong retorted sharply, mocking […]

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Tesla releases Q2 2018 production numbers: 28,578 total Model 3, 5,031 in one week

During the final week of the second quarter, Tesla managed to produce 5,031 Model 3 and 1,913 Model S & X. Tesla’s Q2 2018 production totaled 53,339 vehicles, a 55% increase from the first quarter, making it the most productive quarter in the company’s history so far. Model 3 production, which reached a total of […]

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Tesla registers 6,100 new Model 3 VINs amid continued production push

Tesla has registered 6,160 new Model 3 VINs, amid the company’s continued production ramp for the compact electric car. With the latest batch of new vehicle identification numbers, Tesla has filed a total of 62,557 Model 3 to date. The recent registrations were shared on Twitter by @Model3VINs, a group that tracks Tesla’s filings for […]

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Tesla partner Panasonic will add funding to Gigafactory if needed, says exec

On the heels of news that Tesla has managed to hit its target of producing 5,000 Model 3 per week, Panasonic Corp, the company’s battery partner, has stated that it would consider additional investment in the Nevada Gigafactory if requested by the electric car maker. According to Yoshio Ito, the chief of Panasonic’s automotive business, […]

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