Tesla had hoped to deliver 100,000 vehicles during the second half of 2019. The company has fallen short but just barely. More importantly, it was able to turn a $143 million profit and it reports that the Shanghai plant is ahead of schedule.
Tesla turns a profit as it spins up trial production in Shanghai
Tesla had hoped to deliver 100,000 vehicles during the second half of 2019. The company has fallen short but just barely. More importantly, it was able to turn a $143 million profit and it reports that the Shanghai plant is ahead of schedule.
Tesla released its Q1 2019 earnings on Wednesday and despite having a significant slowdown from the previous quarter, the company remains confident that it will meet its ambitious production goals for the year.
Tesla and Panasonic are delaying plans to expand the electric car maker's Gigafactory 1 battery plant in Nevada. The two companies decided to freeze spending on the world's largest EV battery plant following less-than-stellar demand of new Teslas, re...
Tesla's Shanghai-based Gigafactory could be completed as soon as May and its production line operational by the end of the year, according to Reuters. The news service reports that a Shanghai city government official made the comments "on the sidelin...
Tesla CEO Elon Musk has said its notorious Model 3 manufacturing issues almost bled the company dry. So it's no wonder everyone is interested in whether it's learned from past mistakes ahead of the launch of its new EV, the Model Y. The latest news s...
Tesla has secured an 860,000 square meter plot of land in Shanghai for its first overseas Gigafactory after signing an agreement with the local government. The EV-maker confirmed the purchase on Chinese social media, complete with pics from the signi...
Tesla just had to contend with another fire at one of its facilities. The electric car maker and county emergency staff have reported that a fire broke out in the Gigafactory in Nevada late on Saturday, leading to a halt in production as the company...
Yesterday, Tesla filed a lawsuit against a former employee, Martin Tripp, who allegedly stole gigabytes of data from the company and shared it with unspecified outside parties. Today, the company increased security at the Gigafactory because, accordi...
Tesla has been besieged by reports of production delays and quality control issues lately, and now it's coming under fire for problems at its Gigafactory, which have led to a global shortage of cylindrical batteries. According to sources quoted by et...