Tag: automotive
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Tesla to bring portion of Model 3 production to China next year
Tesla, that reported its annual earnings in two decades Wednesday, is looking to expand its earnings streak by bringing its own new Model 3 to customers beyond North America. As part of the plan involves accelerating its production strategies in China. Tesla saw its revenue skyrocket to $6.8 billion from the third quarter (plus also a…
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Vocal Tesla short seller has reversed course, driving shares higher
Citron Research, an influential short-seller that’s been a staunch critic of Tesla, reversed its place on the electric automaker. The about-face, which Citron Research summarized in a research note Tuesday, aided pushed Tesla stocks up 12.7 percent to near $294.14. The research note, entitled, “Citron reverses opinion on Tesla. The narrative has gotten too compelling to…
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Elon Musk: Teslaquila tequila is ‘coming soon’
Tesla CEO Elon Musk supported Friday in a tweet the Tesla-branded tequila known as “Teslaquilla”–the jar of liquor that co-starred in his April Fool’s Day joke regarding the automaker filing for bankruptcy — would be “coming shortly. ” Musk’s tweet was a response to some CNBC post that reported Tesla had filed an application using the U.S. Patent and…
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Elon Musk deserves tougher love from the SEC
Four Elon Musk tweets. One Securities and Exchange Commission litigation. Two settlement provides. Then a little more Musk tweets taunting the SEC. While Tesla continues to prove its doubters wrong as an automotive and energy industry, the continuing social media sideshow hangs more than its finances. The stock rose to $310.70 a share Monday, after…
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One of Tesla’s biggest investors took an 11.4% stake in rival Nio
Baillie Gifford & Co., the second-biggest shareholder of Tesla stock, has obtained an interest in Niothe Chinese electric vehicle automaker that recently became a publicly traded company. Baillie Gifford currently possesses an 11.44% stake in Nio, as per a regulatory filing submitted Tuesday. The business disclosed that it had purchased 85.3 million stocks, which were…
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![[Updated] Federal judge rules Tesla must defend itself against lawsuit alleging it mistreated foreign workers](https://teslasonly.com/wp-content/uploads/2018/10/1539170462.jpg)
[Updated] Federal judge rules Tesla must defend itself against lawsuit alleging it mistreated foreign workers
(Updated below with Tesla’s statement.) A federal judge denied Tesla’s motion to dismiss charges in a lawsuit claiming that it mistreated foreign workers. This means the automaker will have to defend itself at trial against allegations that foreign workers at its Fremont factory worked shifts that violated forced labor laws and were threatened with deportation…
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GM’s Super Cruise just beat out Tesla’s Autopilot in Consumer Reports ranking
Tesla’s Autopilot is often touted as the most capable and innovative driver support system on the market these days. However, in Consumer Reports’ see that honor actually goes into Cadillac’s Super Cruise. The consumer company gave Super Cruise the top place in its first-ever ranking of partially automated driving systems since it’s the best at striking…
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Volvo’s Polestar brand is assembling prototypes of its first plug-in hybrid sports car
Polestar has started constructing verification prototypes of its own upcoming plug-in hybrid as Volvo’s standalone electrical performance manufacturer prepares to generate client cars next year. Verification prototypes of this Polestar 1 vehicle, that can be built largely by hand, mark the initial testing phase for production. The vehicles will soon be crashed and driven through different…
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Elon Musk extends Tesla’s free supercharging for life offer
Tesla was phasing from unlimited access to its own system of fast-chargers for a few decades now. The final vestige of this program was a referral program which was supposed to expire at midnight Sunday. But it’s been granted fresh life and more to buyers in Europe. On Monday, Tesla CEO Elon Musk declared via…
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Elon Musk: Tesla will remain a public company
Tesla will continue being a public firm, CEO Elon Musk said Friday night, less than three weeks later he announced to the entire world via Twitter he was considering taking the electric automaker private at $420 an talk. Musk, who posted the statement by Tesla’s website , stated Friday that after talking with investors and…