News

Why China Loves Tesla

Despite being a California-based company, it’s China where Tesla seems to have found its biggest fans. The company’s Chinese sales continue to skyrocket with its Shanghai factory now operational Between the money China stands to make off the new Gigafactory and the boost Tesla could give the country’s struggling car […]
Why China Loves Tesla
Markets

Tesla erases all 2020 gains amid coronavirus market sell-off

Tesla opened more than 9% lower Wednesday at the start of trading in New York, erasing all gains it had made in 2020. The losses come amid a broader market sell-off induced by panic over the coronavirus pandemic. The outbreak forced Tesla to close its Shanghai Gigafactory for two weeks. […]
Tesla erases all 2020 gains amid coronavirus market sell-off
Markets

Tesla’s crucial earnings are coming. Here’s what one analyst is looking for.

Tesla is set to report fourth-quarter earnings after Wednesday’s closing bell. “We believe Model 3 demand, production, and margin are the primary drivers of stock performance in 2019,” said Oppenheimer analyst Colin Rusch. Capital expenditure for Tesla’s overseas Gigafactory in China and product updates beyond the Model 3 will also […]
Tesla’s crucial earnings are coming. Here’s what one analyst is looking for.
Markets

Tesla is rallying after breaking ground on its Shanghai Gigafactory

TeslaCEO Elon Musk kicked off the construction of the electric-car maker’s new $US2 billion Gigafactory in Shanghai, China, on Monday. A China-based factory may help Musk dodge tariffs imposed by China. Tesla shares jumped almost 2% early Monday. Watch Tesla trade live. Tesla shares rallied almost 2% early Monday after […]
Tesla is rallying after breaking ground on its Shanghai Gigafactory
Markets

Tesla has secured a Shanghai site for its first overseas Gigafactory

Tesla announced Wednesday that it has secured an 860,000 square meter plot of land in Shanghai, China, to build its first overseas Gigafactory. In July, the car maker signed a deal with Shanghai authorities to open a plant in the Chinese city with an annual capacity of 500,000 cars, and […]
Tesla has secured a Shanghai site for its first overseas Gigafactory
Tech

Tesla employees describe what it’s like to work in the gigantic Gigafactory

The Gigafactory is where Tesla’s batteries and drive units are made. It’s also where Tesla manufactures its at-home batteries, called Powerwalls, for its solar-energy business. The enormousness of the place is an integral part of its culture. A half-dozen employees told Business Insider that working there could be gruelling and […]
Tesla employees describe what it’s like to work in the gigantic Gigafactory
Markets

Elon Musk says Tesla is considering building a Gigafactory in Germany

Tesla may build a Gigafactory in Germany, CEO Elon Musk said on Tuesday. Tesla has a Gigafactory in Sparks, Nevada, that makes batteries and powertrains for its vehicles. Future Gigafactories will house battery, powertrain, and vehicle production. During the company’s annual shareholder meeting on June 4, Musk discussed Tesla’s plans […]
Elon Musk says Tesla is considering building a Gigafactory in Germany
Markets

GOLDMAN SACHS: Tesla’s production issues go beyond the Gigafactory

Goldman Sachs has lowered its price target for Tesla to $US195. The bank says the current Model 3 production rate suggests that the company has issues beyond the reported Gigafactory slowdown. You can track Tesla’s stock price in real-time here . The bears are piling onto Tesla. Goldman Sachs has […]
GOLDMAN SACHS: Tesla’s production issues go beyond the Gigafactory
US

Tesla’s biggest problem is one nobody saw coming

Business Insider executive editor Sara Silverstein breaks down the recent issues facing Tesla and its rollout of the Model 3. The company just had a disastrous earnings report, and confirmed that the major bottleneck in Model 3 production is a battery plant in Nevada. She says this battery issue is […]
Tesla’s biggest problem is one nobody saw coming