Panasonic Corporation and Tesla will continue to make new investment in the US electric carmaker’s Gigafactory as needed, but believe they can squeeze more out of existing resources than previously planned, Tesla said. Separately, Panasonic said it was watching the demand situation in the electric car market before making any further investments in expanding the capacity of the Nevada plant.
Shares of Tesla fell after news website Electrek reported that the electric-car maker has so far delivered 49,000 vehicles in North America during the second quarter, threatening its goal of a new record.
Carrying on with what seems to be his 'wild Tweet week', multi-billionaire entrepreneur Elon Musk has replaced his profile picture on Twitter with that of an alcoholic monkey.
Tesla CEO Elon Musk's grim forecast of humanity suggests that a "population bomb" would lead to a worldwide collapse in humans in the coming decades and everybody would start to see the evident effects by 2050.
Chief Executive Elon Musk said Tesla robotaxis with no human drivers would be available in some US markets next year, continuing a habit of bold pronouncements that have excited many investors while often missing deadlines. “Probably two years from now we’ll make a car
Tesla has filed with regulators to launch around $2 billion in fundraising through issues of new shares and debt, with Chief Executive Officer Elon Musk pitching in $10 million of his own money to buy shares. The company’s shares were up 5 per cent at $245 in early trading after it unveiled the plans,
Toyota Motor Corporation has started using the same type of battery that Panasonic Corporation designed for Tesla in some of its plug-in hybrids sold in China, sources familiar with the matter said.
Tesla has always shown disdain for marketing, with CEO Elon Musk boasting his company does not advertise, instead using the money it would have spent to develop products.
US electric vehicle maker Tesla is in advanced talks with South Korea’s LG Chem to source batteries for vehicles to be made in its Shanghai plant, a person familiar with the matter said.