Tag: Tesla

February 11, 2021

Kimbal Musk, brother of Tesla CEO Elon Musk, sold 30,000 shares of the electric car maker this month for roughly $25.6 million, according to a securities filing. The younger Musk is a member of the board at the pioneering automaker. […]

January 26, 2021

Tesla Inc. on Jan. 27 is widely expected to report its sixth consecutive quarterly profit — and potentially its first $1 billion quarter. That follows a remarkable year when Tesla’s stock split and skyrocketed, the company joined the S&P 500 […]

January 7, 2021

Tesla Inc. customers in China wanting to get the new locally made Model Y are facing a longer wait, signaling strong initial demand for the Shanghai-built crossover. A basic version of the electric vehicle purchased now will be delivered in […]

December 3, 2020

The automobile industry is undergoing a massive transition process in the past few years. And in recent days, it has gotten even faster and the future seems to be so good. Now, to be honest, this change must have been […]

November 24, 2020

Tesla Inc. is smashing through records as its impending addition to the S&P 500 Index has sparked a buying frenzy among investors, pushing the company’s market valuation over the $500 billion mark for the first time on Nov. 24. Shares […]

November 23, 2020

Workers at Tesla Inc.’s California vehicle factory are deemed essential and are not impacted by the state’s latest restrictions to curb a new surge in coronavirus infections, the California health department said on Friday. Tesla and local California officials in […]

November 9, 2020

President-elect Joe Biden presents a mixed bag for Tesla and other electric car-makers. On the pro side, Biden’s stated goals for clean energy and manufacturing could mean new government incentives for American manufacturers, especially electric vehicle makers. But stronger enforcement […]

October 22, 2020

Tesla doesn’t have to play the “zero-sum game” faced by traditional automakers that are struggling to catch up in the electric vehicle space, an analyst at Jefferies told CNBC Thursday. Billionaire Elon Musk’s car company on Wednesday posted its fifth […]

October 14, 2020

Billionaire investor Ron Baron believes Tesla, whose shares have surged more than 400% this year, will be a $2 trillion company. Baron, a longstanding Tesla shareholder, said Wednesday morning on CNBC’s “Squawk Box” that he believes Tesla’s vehicle sales will […]

October 6, 2020

Tesla Inc. is in talks with BHP Group on a nickel deal as the electric vehicle maker targets higher production and seeks to avoid a supply crunch, according to people familiar with the matter. Talks are held up on pricing, […]

October 2, 2020

Tesla said Friday it delivered 139,300 vehicles in the third quarter, and produced 145,036 vehicles. As of Wednesday, analysts expected Tesla to report deliveries of 137,000 vehicles over the last three months, according to a consensus of analysts surveyed by […]

September 22, 2020

Baidu-backed Chinese electric vehicle EV startup WM Motor said Tuesday it has raised 10 billion yuan ($1.47 billion) in its latest funding round. Shares of EV makers, including Tesla Inc. and Nio Inc., have surged in recent months and automakers […]

September 22, 2020

Tesla shares sank more than 4% Tuesday morning after CEO Elon Musk sought to manage expectations ahead of the electric carmaker’s Battery Day presentation. Musk’s company is expected to announce on Tuesday details about a new type of battery cell […]

September 9, 2020

Tesla may be down 30% in the past week, but don’t count the stock out, says Ascent Wealth Partners managing director Todd Gordon. The value of the stock, a frequent focus in the bull-bear debate, depends on how an investor […]

September 9, 2020

Electric vehicle start-up Lucid is touting its all-electric Air sedan as a more efficient, faster and spacious vehicle than the Tesla Model S, a car the company’s CEO Peter Rawlinson helped develop. “What we’ve got is a breakthrough in electric […]

August 4, 2020

Two electric vehicle stocks are catching up to Tesla. Nio and Nikola shares have been speeding higher. Both have kept up to Tesla’s more than 200% rally in 2020. Nikola surged another 22% on Monday after catching a buy rating […]

July 29, 2020

SEOUL — Tesla Inc. CEO Elon Musk said Tuesday that the company is open to licensing software and supplying powertrains and batteries. Tesla had previously supplied batteries to Mercedes and Toyota Motor under separate partnership deals. Battery manufacturing is an […]

July 23, 2020

AutoNation CEO Mike Jackson still isn’t hopping on the Tesla stock bandwagon a day after the company beat Wall Street expectations and reported a milestone fourth consecutive quarter of profitability. “The stock price is insane. The valuation is insane,” Jackson […]

July 7, 2020

U.S. residential-solar-market leader Sunrun Inc. has agreed to acquire rival Vivint Solar Inc. in a sector shake-up that could solidify the combined company’s position to fend off new competition. Sunrun will buy Blackstone Group-backed Vivint in an all-stock transaction that […]

June 30, 2020

Tesla just hit a major milestone. The electric vehicle maker turned 10 years old as a publicly traded company on Monday, a stretch in which it rallied from its IPO price of $17 a share to over $1,000. Just this […]