Tesla To Open Shanghai Plant
SHANGHAI (Reuters) - Tesla Inc on Tuesday signed agreements with Shanghai authorities that will allow it to open a plant in the Chinese city with an annual capacity of 500,000 cars, local media reported. Under…
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Tesla Hits Model 3 Production Target
SAN FRANCISCO (Reuters) - Tesla Inc nearly produced 5,000 Model 3 electric sedans in the last week of its second quarter, with the final car rolling off the assembly line on Sunday morning, several hours…
Tesla Employee Accused of Sabotage
In a letter sent to Tesla (TSLA) employees late Sunday and obtained by CNBC, Chief Executive Elon Musk said an employee has engaged in “quite extensive and damaging sabotage" to the business including changing the…
Elon Musk To Build High-Speed Transit System To O’Hare
The city of Chicago has selected Elon Musk's The Boring Company to build a high-speed transit system connecting O’Hare Airport and downtown Chicago. The plan calls for an underground tunnel system where passengers would be transported between…
Tesla Cuts 9% of Work Force
(Reuters) - Electric car maker Tesla Inc (TSLA.O) is cutting several thousand jobs across the company as it seeks to reduce costs and become profitable without endangering the critical production ramp-up for its Model 3…
Tesla’s $2.6 billion payday for Elon Musk faces opposition
Tesla Inc.’s proposal to give Chief Executive Elon Musk an estimated $2.6 billion payday stretched out over a decade would be too costly and too dilutive to shareholders, said one of the two largest independent…