A Canadian man has been charged with dangerous driving after police in Alberta said they found him asleep at the wheel of an electric self-driving Tesla car while it was driving at more than 93mph. The Royal Canadian Mounted police said the Tesla Model S car was seen driving along a […]
Tesla
Tesla needs a ‘million-mile battery’ to prove its haters wrong
Enormous progress has already been made on this front. Electric car batteries currently stand at about $147 per kWh, according to Bloomberg New Energy Finance. That is down from $381 per kWh in 2015 and over $1,000 per kWh in 2010. But Tesla believes that in order to compete directly […]
Tesla is the real deal
Anthony Ginsberg from ETF specialists HANeft says Tesla is poised to cream off chunks of value-added across the industry by selling its intellectual property and battery technology to Old Autos through leasing agreements. Tesla’s direct car sales tell only a fraction of the bigger story. Personally, I think the Germans […]
Tesla on track to join S&P 500 index after fourth consecutive profit
Tesla has notched four straight quarters of profit for the first time, a breakthrough for the electric car maker that puts it on course for inclusion in America’s blue-chip index and could further boost demand for its soaring shares. Elon Musk’s company said it made a profit of $104m (£82m) […]
Giant Tesla batteries to store green power in Dorset
The California-based company’s lithium-ion batteries will provide a combined capacity of 15 megawatts (MW) to Dorset and its surrounding areas, storing energy and providing flexibility to the grid. Experts predict that such large-scale batteries will be essential in the future to manage power demand as fossil fuels are phased out. Having built a significant […]
Tesla becomes world’s most valuable car company as it shoots past $200bn
Tesla has overtaken Toyota to become the world’s most valuable car company. The California-based electric vehicle maker is now worth almost $206bn, $3bn more than the Japanese automaker. The moment marks a new high for the company’s stock, which has been rising for the past six months amid better-than expected […]
Tesla pays Elon Musk $1m to insure his own board against lawsuits
Tesla is paying Elon Musk almost $1m to insure the board of directors against lawsuits for three months. The unusual arrangement comes after Tesla disclosed earlier this year that had allowed the chief executive to personally indemnify board members. In a filing with regulator the Securities and Exchange Commission, Tesla said it […]
Tesla wins green light in China to use cobalt-free batteries
BEIJING — Tesla has received approval from China to assemble electric cars with batteries that contain an alternative to cobalt, an expensive rare metal whose production is linked to child labor. The cobalt-free batteries will be used in the U.S. automaker’s Model 3 vehicles, China’s Ministry of Industry and Information Technology said in a notice published […]
The rise and rise of Elon Musk’s $190bn Tesla
This claim led to him being fined by US financial regulators and told not to tweet without legal oversight – something which may or may not be happening judging by some of his recent communications. Despite Musk stepping back from his joint chairman and chief executive role, and bolstering the board […]
Tesla shares close at record high after sales triple in China
PALO ALTO, U.S. — Tesla’s stock closed at an all-time high on Monday after data showed the U.S. automaker’s sales in China bounced back in May. Earlier in the day, the China Passenger Car Association (CPCA) reported that Tesla delivered 11,095 made-in-China Model 3 vehicles last month — more than triple the 3,635 sold in […]