Business

Nio introduces first electric sedan model as Tesla brings forth China-built SUV

Ren Leen January 10, 2021

CHENGDU (CHINA) – Chinese electric vehicle (EV) maker Nio Inc is trying to compete with conventional gasoline premium automakers from BMW to Audi further, introducing on Saturday its first sedan model. The launch of the ET7, at an event in the western city of Chengdu, came as rival Tesla

Business

Tesla 2020 deliveries surpass estimates, however, falls behind Musk’s target

Ren Leen January 3, 2021

NEW YORK (US) – Tesla Inc on Saturday reported 2020 vehicle deliveries, which were better than expected, and is driven by a steady rise in electric vehicle adoption. However, it narrowly missed its ambitious full-year goal during a punishing year for the global auto industry. The company delivered 499,550 vehicles during 2020, above Wall Street […]

Business

Electric vehicle maker Tesla to sell China-made Model Y SUVs soon

Editorial Bureau January 1, 2021

BEIJING (CHINA) -Tesla Inc said on Friday it has started selling China-made Model Y sport-utility vehicles (SUV). It will deliver them to customers this month, as part of the US electric vehicle maker expanding sales in the world’s biggest car market. China, which offers hefty subsidies for electric vehicles as it seeks to cut down […]

Business

Tesla to set out on operations in India next year, according to reports

Ren Leen December 28, 2020

NEW DELHI (INDIA) -Tesla Inc will come to India early next year, country’s transport minister Nitin Gadkari told national daily the Indian Express on Monday. The electric-car maker will start with sales and then might look at assembly and manufacturing based on the response, the minister told the newspaper. Tesla and the minister’s office could […]

Business

Tesla shares go down ahead of S&P 500 debut after touching record on Friday

Editorial Bureau December 21, 2020

NEW YORK (US) -Shares of electric carmaker Tesla were down ahead of their debut on the S&P 500 on Monday, as worries over a fast-spreading new coronavirus strain in Britain weighed on markets. Tesla’s shares were recently down around 4% in pre-market trading after closing at a record high of $695 on Friday. Futures for […]

Business

Tesla shares go high in busy trade prior to S&P 500 debut

Editorial Bureau December 18, 2020

NEW YORK (US) -Shares of Tesla gained on Friday in a busy day for the electric car maker’s stock ahead of its much-anticipated grand entrance into the benchmark S&P 500 index. Elon Musk’s Tesla on Monday will become the most valuable company ever admitted to Wall Street’s main benchmark, accounting for over 1% of the […]

Business

Court rejects request to prevent Tesla cutting down trees for German plant

Editorial Bureau December 10, 2020

FRANKFURT (GERMANY) – A German court has rejected a bid by environmentalists to halt tree cutting at Tesla’s proposed manufacturing site near Berlin, paving the way for the electric carmaker to proceed with plans to finalise construction of its Gigafactory. Earlier this week, environmentalists went to court in the eastern city of Frankfurt an der […]

Business

Tesla introduces $5 billion capital raise

Editorial Bureau December 8, 2020

NEW YORK (US) -Tesla Inc launched a $5 billion capital raise on Tuesday. This is its second such move in three months as the electric-car maker is banking in on a meteoric rally through its shares this year. The company’s shares, which touched a record high on Monday, made a complete U turn, with regard […]

Business

Tesla could expand the roll out of ‘self-driving’ software

Editorial Bureau November 28, 2020

NEW YORK (US) – Tesla Inc Chief Executive Officer Elon Musk said on Friday there will probably be a wider roll out of a new “Full Self Driving” software update in two weeks. “Probably going to a wider beta in 2 weeks,” Musk said on Twitter, in a reply to a user asking if the […]

Tech

Electrek reports Tesla’s plan to open about 52 new service centers in 2021

Editorial Bureau October 29, 2020

CALIFORNIA (US) – Tesla Inc plans to make an addition of at least one new service center every week in 2021, Electrek reported on Thursday. The electric carmaker has seen an expansion of its network of service centers and Superchargers. “Service could be particularly important as Tesla continues to try to expand outside its core […]