Business

Tesla seeks China nod to build Model 3 vehicles with LFP batteries – ministry

Jim Stein May 23, 2020

BEIJING (Business) – Tesla Inc is seeking Chinese government approval to build model 3 vehicles in the country equipped with lithium iron phosphate (LFP) batteries, a document on the website of the Ministry of Industry and Information Technology showed. Reuters exclusively reported in

Business

Musk’s SpaceX subsidies rejected by California officials over Tesla spat

Jim Stein May 16, 2020

(Business) – A California state panel on Friday rejected a request from Elon Musk’s SpaceX for $655,500 in state job and training funds, citing the chief executive’s recent threats to move Tesla, the electric carmaker that he also runs, out of the state. The snub comes as Musk has sparred with officials in Alameda County […]

Tech

Tesla stock rise seems to qualify Elon Musk for $700 million payday

Nia N May 5, 2020

(Technology) – Tesla Chief Executive Elon Musk appeared to qualify on Monday for a $700 million payday, just three days after he said the electric car company’s stock price was too high. Shares of Tesla Inc jumped more than 8% on Monday, putting Tesla’s market capitalization at $141.1 billion at the close. More importantly for […]

Tech

Tesla extending furlough for few employees by another week

Nia N May 2, 2020

(Technology) – Tesla Inc has informed its furloughed employees that they will remain out of work for at least another week. This comes as Tesla postpones a plan to resume normal operations on May 4 at its San Francisco vehicle-assembly plant. “For furloughed employees, unless you are contacted by your manager about a start date, […]

Business

Tesla’s Model 3, made in China, price rises after EV subsidies cut

Nia N April 24, 2020

BEIJING (Business) – U.S. electric vehicle maker Tesla Inc’s <TSLA.O> prices for two China-made model 3 variants rose after authorities cut subsidies in the world’s biggest auto market. China cut subsidies on electric vehicles by 10% this year, effective April 23, but there will be a three-month transition period. After the adjustment, the starting

Business

Tesla furloughs workers and cuts employee salaries because of coronavirus

Nia N April 8, 2020

(Business) – Tesla Inc told employees on Tuesday it would furlough all non-essential workers and implement salary cuts during a shut down of its U.S. production facilities because of the coronavirus outbreak. Tesla said it planned to resume normal operations on May 4, barring any significant changes, according to an email sent to U.S. employees […]

Tech

Tesla engineers reveal a ventilator prototype on YouTube

Nia N April 6, 2020

NEW YORK (Technology) – Engineers at Tesla Inc showed a prototype for a ventilator on Sunday evening in a video published on the company’s YouTube channel, as hospitals around the country overwhelmed by coronavirus patients face device shortages. The design for the ventilators relies heavily on Tesla car parts, one of the engineers said, enabling […]

Tech

Tesla cuts California, Nevada factories’ contractors

Nia N April 4, 2020

(Technology) – Tesla is cutting contractors from its car and battery plants in the U.S. Tesla is axing contractors at its vehicle assembly plant in Fremont, California as well as at its Gigafactory outside of Reno, Nevada. This cut affects hundreds of workers. “It is with my deepest regret that I must inform you that […]

Tech

Tesla will reopen and make ventilators in New York plant ‘as soon as humanly possible’

Nia N March 26, 2020

(Technology) – Tesla shall reopen its New York factory “as soon as humanly possible” for the manufacture ventilators for coronavirus patients, according to Tesla CEO Elon Musk on Twitter. Medtronic CEO Omar Ishrak said not long before Musk’s tweet that the medical device maker started working with Tesla on track to start the quick production […]

Business

Tesla suspends production at U.S. vehicle factory due to coronavirus

Nia N March 20, 2020

Tesla Inc said on Thursday it will suspend production at its San Francisco Bay Area vehicle factory on March 24, ending a standoff with California authorities concerned about the spread of the coronavirus. The company said its New York solar roof tile factory also will temporarily suspend production, while operations at its Nevada battery plant […]