Tag: electric vehicle maker

Industry Focus Areas, Motorized Vehicle

Elon Musk Sold Tesla Shares Before Company Acknowledged Weakness

January 20, 2023

Via: The Wall Street Journal

Late last year, after a wave of news reports pointing to sagging demand for his company’s vehicles, Tesla Inc. Chief Executive Elon Musk sold almost $3.6 billion of his shares in the electric-car maker. On Jan. 2, Tesla announced fourth-quarter […]

Industry Focus Areas, Motorized Vehicle

Tesla Stock Headed for Its Worst Year on Record

December 30, 2022

Via: The Wall Street Journal

Tesla Inc. is poised Friday to close the worst year in the stock’s history, having lost more than $700 billion in market valuation amid investor concerns about production disruptions, demand worries and Chief Executive Elon Musk‘s focus on Twitter Inc. […]


Tesla Countersues California Agency That Filed Racial Discrimination Lawsuit

September 22, 2022

Via: The Wall Street Journal

Tesla Inc. TSLA -4.06%▼ has countersued the California agency that filed a racial discrimination lawsuit against the company, alleging that the government organization violated state law in bringing about the suit. The electric-vehicle maker, in the suit filed Thursday in […]


Rivian to Cut 6% of Its Workforce

July 27, 2022

Via: Transport Topics

Rivian Automotive Inc. is cutting about 6% of its workforce and simplifying product plans, saying the economy has made it harder for the electric vehicle maker to raise money to build up production. The Irvine, Calif.-based company confirmed the cuts […]

Industry Focus Areas, Motorized Vehicle

China Evergrande’s EV Unit Taps Investors Ahead of First Car Sales

November 10, 2021

Via: The Wall Street Journal

China Evergrande Group ’s cash-strapped automotive business is raising money to commercially produce its first electric vehicles. The Hong Kong-listed business, China Evergrande New Energy Vehicle Group Ltd. , on Wednesday said it plans to raise the equivalent of around […]

Industry Focus Areas, Motorized Vehicle

Nio joins race for cash with share sale

December 11, 2020

Via: Automotive News

Chinese electric-vehicle maker Nio Inc. joined the rush for fundraising among new-energy vehicle manufacturers, capitalizing on a 11-fold increase in its share price this year to boost its coffers. The manufacturer is selling 60 million American depositary shares in a […]

Industry Focus Areas, Motorized Vehicle

Tesla hits 10-year milestone. Here’s where it heads next

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 […]

Industry Focus Areas, Motorized Vehicle

Tesla posts 3rd straight quarterly profit as EV credit income jumps

April 29, 2020

Via: Automotive News

Tesla Inc. on Wednesday reported first-quarter net income of $16 million — its third-consecutive quarterly profit — even as the coronavirus pandemic shuttered its assembly plants in the U.S. and China. The electric vehicle maker was aided by $354 million […]

Industry Focus Areas, Motorized Vehicle

Musk nears $346 million payday as Tesla market value soars

January 14, 2020

Via: Reuters

Shares of Tesla surged 9% to a record high on Monday. They need to rise another 6% to put Tesla’s stock market value at $100 billion and then be sustained at that level for both a one-month and six-month average […]