Strong fundraising results are a vote of confidence from Wall Street.
Tag: Tesla
Tesla (TSLA) rises as capital raise gets boost from Elon Musk, support from Moody’s
Tesla stock (NASDAQ:TSLA) continued its momentum on Friday amidst news that the electric car maker’s capital raise could reach up to $2.7 billion, higher than the initial $2 billion announced on Thursday. Together with this update was an announcement that Elon Musk will be buying more TSLA stock than initially expected, as well as a […]
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Tesla’s in-house FSD chip puts TSLA 4 years ahead of competition: analyst
Tesla’s decision to develop its Full Self-Driving (FSD) computer chip in-house has put it four years ahead of the competition, according to ARK Invest analyst James Wang. Wang laid out the case for the all-electric car maker’s custom automotive-grade computer against the next-best options in the market, all Nvidia products, in an article on ARK […]
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Tesla Network’s Robotaxis can usher in a $500 billion market cap, says Elon Musk
In a broad investor call on Thursday, Elon Musk reportedly told investors that autonomous driving would help Tesla transform itself into a company with a $500 billion market cap. Musk also reaffirmed one of his previous points, stating that existing Teslas will see an increase in value as they receive full self-driving capabilities, making them […]
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Tesla’s new Lane Departure Avoidance feature will steer owners out of harms way even without Autopilot
Tesla has introduced two new active lane monitoring features designed to help prevent drivers from unintentionally leaving their lane of travel as part of its safety-first mission to reduce vehicle accidents. The two features, named ‘Lane Departure Avoidance’ and ‘Emergency Lane Departure Avoidance’, are derived from Autopilot, yet work while it’s not on, and are […]
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Tesla Semi spotted hauling trailer full of massive concrete blocks in Los Angeles
Tesla’s red Semi prototype was recently sighted on the busy 405 freeway in Los Angeles while it was conducting what appeared to be a maximum weight range test. The all-electric big rig, which was accompanied by a Tesla Model X with manufacturer plates, was hauling a trailer loaded with large concrete blocks, suggesting that Tesla […]
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Tesla looking to raise $2 billion in fresh capital
Tesla filed for an offering of common stock and convertible notes and indicated that it would raise up to 2 billion dollars. $650 million are to come in the form of new equity and the other $1.35 billion in convertible notes. Also, Elon Musk will acquire $10 million in shares. News of the CEO buying […]
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Tesla owners have highest average credit rating among car buyers, says study
A recent study has found that Tesla owners are likely to have the highest average credit scores among customers looking to purchase a vehicle. The study, which was published this week by online lending firm LendingTree, noted that Tesla buyers on average have a credit score of 740, putting them on top of the survey’s […]
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Tesla’s Giga 3 factory shell takes shape as China works through Labor Day
The progress of Tesla’s Gigafactory 3 in China has been nothing short of astounding. Recent images of the site reveal that as of May 2, roofing of the upcoming general assembly building is all but finished and parts of the facade are now being built, giving the appearance of a factory shell that is nearing […]
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Tesla seeks to raise another $2 billion after unprofitable quarter
For the last year, Elon Musk had said Tesla wouldn’t need to raise more cash.
