News

Tesla’s vice president of global recruiting is leaving the company

Cindy Nicola, Tesla‘s vice president of global recruiting, is leaving the company, according to a source familiar with the matter. A Tesla representative confirmed Nicola’s departure and said this week is her last at the automaker. “I’ve loved every minute of my nearly four years at Tesla, including working side […]
Tesla’s vice president of global recruiting is leaving the company
News

Elon Musk’s ‘reckless’ comment about the capabilities of Tesla’s Autopilot could put drivers at risk, an analyst says

Tesla CEOElon Musk said during the automaker’s fourth-quarter earnings call that Autopilot, Tesla’s semiautonomous driver-assistance system, was capable of full autonomy on highways. But industry observers have disputed that characterization. Mary Cummings, a professor at Duke who studies the interaction between humans and autonomous driving systems, told Business Insider that […]
Elon Musk’s ‘reckless’ comment about the capabilities of Tesla’s Autopilot could put drivers at risk, an analyst says
Lifestyle

Everything you need to know about Tesla’s new Roadster

Tesla unveiled the prototype for its next-generation Roadster in late 2017. Elon Musk says it will be the fastest production car ever developed and that manufacturing for the supercar is scheduled to begin in 2020. Business Insider asked three of its transportation reporters what to expect from the Roadster. The […]
Everything you need to know about Tesla’s new Roadster
News

Tesla has made Autopilot a standard feature on Model 3s ordered in China

Tesla has made its semi-autonomous driver-assistance system, Autopilot, a standard feature on Model 3 sedans ordered in China, Electrek first reported. “We periodically adjust available options, packages, and pricing to maximise value and make our vehicles even more affordable for customers,” a Tesla representative told Business Insider. Tesla will begin […]
Tesla has made Autopilot a standard feature on Model 3s ordered in China
News

Tesla is buying the battery-maker Maxwell Technologies

Tesla announced Monday that it plans to buy the battery maker Maxwell Technologies. Maxwell, based in San Diego, makes battery components including ultracapacitors and dry electrodes. Battery technology is key for Tesla as it ramps up production and expands its manufacturing presence into China. Tesla is buying Maxwell Technologies in […]
Tesla is buying the battery-maker Maxwell Technologies
News

Elon Musk should be able to fly his jet anywhere he wants

Elon Musk flew 150,000 miles in 2018 on a $US70 million private jet. SpaceX reportedly billed Tesla $US700,000 for Musk’s use of the aircraft. Neither SpaceX nor Tesla has expressed any reservations about Musk’s travel. Musk can fly his plane anywhere he wants, and the returns for his efforts have […]
Elon Musk should be able to fly his jet anywhere he wants
News

Elon Musk says Tesla will be profitable for ‘all quarters going forward’

Tesla on Wednesday reported a profitable quarter, marking its first time achieving profitability in consecutive quarters. On the earnings conference call, CEO Elon Musk said profitability should continue going forward. “I am optimistic about being profitable in Q1 and all quarters going forward,” he said. After reporting his company’s first […]
Elon Musk says Tesla will be profitable for ‘all quarters going forward’
News

Tesla’s CFO is retiring — for the second time

Tesla’s chief financial officer announced his retirement on Wednesday. The announcement came during Tesla’s fourth-quarter earnings conference call with analysts. It’s the second time Deepak Ahuja has retired. Tesla’s chief financial officer, Deepak Ahuja, will retire in the next few months. The company made the announcement during the company’s fourth-quarter […]
Tesla’s CFO is retiring — for the second time
News

Elon Musk said Tesla cars will likely drive without human assistance by the end of 2019

Tesla CEOElon Musk said on Wednesday that he expects Tesla vehicles to be able to safely drive themselves without human assistance by the end of 2019. Musk has missed projections about autonomous driving technology on multiple occasions. Musk also characterised Tesla’s semi-autonomous Autopilot driver assistance system as having full self-driving […]
Elon Musk said Tesla cars will likely drive without human assistance by the end of 2019
News

Tesla’s revenue has hit a critical milestone

Tesla broke through the $US7 billion barrier in revenue for the fourth quarter of 2018. Tesla’s revenue has been surging since mid-2018. Tesla’s firehose of money has showed up at exactly the right time for the company to fund future expansion. Tesla reported fourth-quarter and full-year 2018 earnings on Wednesday, […]
Tesla’s revenue has hit a critical milestone
News

Here’s the new base price for Tesla’s Model S and Model X

Tesla has introduced a new price tier for its Model S sedan and Model X SUV weeks after eliminating each vehicle’s lowest-priced trim. The Model S now starts at $US85,000 before federal and state incentives, while the Model X starts at $US88,000. Customers can pay an additional $US8,000 to extend […]
Here’s the new base price for Tesla’s Model S and Model X
Markets

Here comes Tesla…

Tesla is scheduled to report fourth-quarter earnings after Wednesday’s closing bell. Elon Musk, the electric-car maker’s CEO, warned investors and employees two weeks ago that pressure to achieve a profit and make the Model 3 more affordable led to more than 3,000 job cuts at the company. Shares of Tesla […]
Here comes Tesla…
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.
Lifestyle

Porsche says its first electric car will charge faster than any of its competitors — and it shows how Tesla’s greatest advantage may be fading away

The proposed maximum charging speed for Porsche‘s first fully electric vehicle could represent a breakthrough for charging technology, Edmunds manager of industry analysis Jeremy Acevedo told Business Insider. Porsche said on Monday that the Taycan, its first fully electric production vehicle, will be able to receive over 60 miles of […]
Porsche says its first electric car will charge faster than any of its competitors — and it shows how Tesla’s greatest advantage may be fading away
News

There are only 2 things you need to know about Tesla’s upcoming earnings

Tesla posted a strong third quarter in 2018; the fourth quarter should also be profitable, but weaker than the previous financial period. It will be interesting to see whether quarterly revenue continues its significant improvement. The Tesla top line was nearly $US7 billion in the third quarter. The more complicated […]
There are only 2 things you need to know about Tesla’s upcoming earnings
News

Tesla got slammed with almost $30,000 in fines after California regulators found its production tent riddled with safety hazards

California’s Division of Occupational Safety and Health inspected GA4, an assembly line Tesla constructed in an open-air structure outside its main vehicle factory, and issued penalties for six violations of California’s labour regulations. The citations resulted in fines that total $US29,365. Thomas Armstrong, a professor at the University of Michigan, […]
Tesla got slammed with almost $30,000 in fines after California regulators found its production tent riddled with safety hazards
Tech

Apple laid off 200 people from its self-driving car unit Project Titan

Apple laid off 200 employees from its self-driving car unit, “Project Titan,” CNBC reported. An Apple spokesperson confirmed the news to CNBC, but added that some employees have been moved to other departments in the company, rather than being fully dismissed. Apple’s secretive car project has been going since 2014, […]
Apple laid off 200 people from its self-driving car unit Project Titan
Markets

Tesla is ‘waking up’ from its Model 3 dream

Wall Street analysts are responding to Tesla’s announcement last week that it would lay off about 7% of its staff due to pressure on profits and Model 3 production challenges. RBC Capital Markets on Tuesday slashed its price target and downgraded the stock, saying Tesla is “waking up from the […]
Tesla is ‘waking up’ from its Model 3 dream
News

Tesla has received approval to start selling the Model 3 in Europe

Tesla has received approval from the Dutch regulator RDW to begin selling the Model 3 sedan in Europe, a Tesla representative confirmed to Business Insider. Deliveries of the long-range versions of the Model 3 are expected to begin for European customers in February, the representative added. The European and Chinese […]
Tesla has received approval to start selling the Model 3 in Europe
Tech

Tesla will give you a free Model 3 if you can hack its computer system

Tesla will give security researchers who expose flaws in the Model 3 a free vehicle. Like many tech companies, the automaker offers cash rewards for vulnerabilities found in its software. Tesla was the only automaker to participate in a cybersecurity conference in Vancouver, which added an automotive category for the […]
Tesla will give you a free Model 3 if you can hack its computer system
Tech

Here’s how a Tesla and SpaceX crossover could pave the way for flying taxis

Elon Musk has already sent a Tesla Roadster to orbit on a SpaceX rocket, and Wall Street is looking for more crossovers between the two companies. The billionaire has hinted at flying-car ambitions but has the same concerns as analysts, regulators, and citizens: safety. Morgan Stanley says Tesla’s expertise in […]
Here’s how a Tesla and SpaceX crossover could pave the way for flying taxis
News

Here’s what you missed this weekend: The US government shutdown became the longest on record and the president tweeted his fury at being called a Russian agent

The biggest news this weekend was about the now record-breaking partial government shutdown and its expanding fallout. President Donald Trump was particularly active on Twitter over the weekend after learning the FBI had investigated him as a possible Russian agent. The president also reportedly hid records of his conversations with […]
Here’s what you missed this weekend: The US government shutdown became the longest on record and the president tweeted his fury at being called a Russian agent
News

Tesla’s veteran senior director of engineering is out

A senior director of engineering at Tesla’s Fremont, California, factory has left the company after six years. His exit is the latest in a string of high-level departures from the company over the last year. Another senior director has left Tesla. Charles Mwangi, a senior director of engineering at Tesla’s […]
Tesla’s veteran senior director of engineering is out
Tech

Larry Ellison’s stake in Tesla is worth about $1 billion

Tesla and Larry Ellison have confirmed via a new SEC filing that Ellison owns 3 million shares, which are worth about $US1 billion. The filing was necessary because Ellison agreed last week to join Tesla’s board. Tesla did not say when Ellison bought the shares, except that it was earlier […]
Larry Ellison’s stake in Tesla is worth about $1 billion
Markets

You could soon use digital currency to bet on Elon Musk and Jeff Bezos

DX.Exchange, an Estonia-based crypto exchange, has plans to launch digital tokens tied to 10 popular Nasdaq stocks. The trading venue purchased the rights to use Nasdaq’s matching engine and market surveillance platform, SMARTS. Fanboys of both crypto and Elon Musk can rejoice. The two worlds might soon collide. Estonia-based DX.Exchange, […]
You could soon use digital currency to bet on Elon Musk and Jeff Bezos
News

Tesla’s $2,000 price cut doesn’t mean it has a demand problem

Tesla cut prices on its vehicles by $US2,000, setting off worries that it has a demand problem. But based on how few vehicles it has in inventory and how many Model 3s it sold in 2018, demand concerns are overblown. Tesla shares have been declining this week – but Tesla’s […]
Tesla’s $2,000 price cut doesn’t mean it has a demand problem
News

Tesla’s stock could drop another 27% after Wednesday’s sell-off: JPMorgan

Tesla’s stock could fall another 27% after Wednesday’s massive sell-off, JPMorgan says. More important than the disappointing delivery numbers was the hint at softening demand, the analyst Ryan Brinkman told clients. Tesla is expected to report fourth-quarter financials this month. Tesla on Wednesday released fourth-quarter delivery numbers that disappointed investors […]
Tesla’s stock could drop another 27% after Wednesday’s sell-off: JPMorgan
News

Top tech analyst Gene Munster says Tesla’s miss on deliveries and price cuts are ‘psychological setbacks for investors,’ but things aren’t as bad for the automaker as they sound

A leading tech pundit expressed concern about a miss on Tesla miss on Model 3 deliveries for Q4 2018 and the impact of a reduced federal EV tax credit. Tesla’s discount was actually pretty light, relative to how much its vehicles cost. It’s unclear whether tax credits actually support Tesla […]
Top tech analyst Gene Munster says Tesla’s miss on deliveries and price cuts are ‘psychological setbacks for investors,’ but things aren’t as bad for the automaker as they sound
News

Tesla delivered slightly fewer Model 3s than Wall Street expected last quarter

Tesla on Wednesday released its delivery numbers for the final quarter of 2018. Model 3 deliveries were slightly below those expected by Wall Street analysts, while total deliveries increased to 90,700. Shares of the company sank as much as 7% after the announcement. Follow Tesla’s stock price here. Tesla delivered […]
Tesla delivered slightly fewer Model 3s than Wall Street expected last quarter
News

Tesla had a wild 2018 — here’s every bizarre thing that happened

Tesla had a tumultuous 2018, full of both major accomplishments and challenges that threatened the automaker’s existence. Elon Musk, Tesla‘s mercurial CEO, attracted attention for his erratic behaviour, which led to lawsuits from investors and investigations from the Securities and Exchange Commission (SEC) and the Department of Justice (DOJ). Tesla […]
Tesla had a wild 2018 — here’s every bizarre thing that happened
Tech

Before Oracle billionaire Larry Ellison joined Tesla’s board, he gave an impassioned defence of his ‘very close friend’ Elon Musk

Tesla on Friday announced the two newest additions to its board of directors: Walgreens executive Kathleen Thompson-Wilson and Oracle founder and chief technology officer Larry Ellison. In October, Ellison heaped praised on Tesla’s CEO, Elon Musk, and slammed media coverage of Musk’s actions and his companies. You can listen here […]
Before Oracle billionaire Larry Ellison joined Tesla’s board, he gave an impassioned defence of his ‘very close friend’ Elon Musk
Lifestyle

40 hot cars we can’t wait to see in 2019

Auto sales in the US are once again expected to top 17 million vehicles in 2018. SUVs remain the most popular genre of vehicle and account for more than 46% of all sales. In 2019, there will be series of highly anticipated new models reaching the market from BMW, Mercedes-Benz, […]
40 hot cars we can’t wait to see in 2019
News

These were the 13 biggest car stories of 2018

2018 was possibly the wildest year in the history of the auto industry – and it wasn’t all because of Tesla and Elon Musk! Auto sales continued to boom in the US, gas prices stayed relatively low, self-driving car companies moved closer to commercialization, electric cars arrived in force, and […]
These were the 13 biggest car stories of 2018
News

Watch mechanics go through 6 fire extinguishers trying to douse flaming Tesla battery modules rigged to a Disney Princess car as molten copper comes ‘raining down’ everywhere

YouTube star and mechanic Rich Benoit posted a video of modified Tesla battery modules catching on fire after being improperly used. Benoit said the start of the fire was entirely his fault. He said the modified battery wasn’t charging or being cooled correctly when it caught on fire. Once the […]
Watch mechanics go through 6 fire extinguishers trying to douse flaming Tesla battery modules rigged to a Disney Princess car as molten copper comes ‘raining down’ everywhere
News

A Tesla director of investor relations just left the company

Aaron Chew, an investor relations director for Tesla, is leaving the company, he confirmed to Business Insider. Chew is the latest in a lengthy list of executive departures from Tesla in recent months. A Tesla director of investor relations, Aaron Chew, has departed the company, he confirmed to Business Insider, […]
A Tesla director of investor relations just left the company
News

A Tesla Model S reportedly burst into flames twice after getting a flat tire

A TeslaModel S caught fire on Tuesday in Los Gatos, California, after getting a flat tire, multiple outlets reported. Minutes after the Model S was towed to an auto-repair shop, the front end reportedly caught fire. The vehicle reportedly reignited in the evening. “We are currently investigating the matter and […]
A Tesla Model S reportedly burst into flames twice after getting a flat tire
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