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American EV manufacturing company Tesla is quickly becoming a favorite of short-sellers in the stock market. Elon Musk’s company’s shares have already dropped by 30% this year. Bears rejoice The constant tug of war between the bulls and bears has a decisive winner, at least for now. As far as Tesla is concerned, bears are…
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EV manufacturing firm Tesla is reportedly planning to test its solar roof at its Fremont, California-based factory. Recently revealed building permit indicates a new direction in the company’s business. Solar ambition takes hold Tesla is looking to establish “a test structure to evaluate Tesla solar roof product and installation process,” states the building permit issued…
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Electric car manufacturer Tesla has agreed to pay $323 million in annual taxes to local authorities in Shanghai, China. The taxes will be paid for a site on the outskirts of Shanghai, where the EV Company wants to build a factory. Tesla’s new lease with the Chinese government As per the deal, Tesla will pay…
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Elon Musk’s ever-popular company, Tesla Inc., is as divisive as ever partly thanks to the man’s constant comments and partly due to how bold the project really is. However, when Musk predicted just how well his company would due in his forecasts, it didn’t bode as well as he had thought. And frankly, it’s only…
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Weaker-than-expected losses in the second quarterly filings of the company have led to Tesla stocks plummeting at the market. Yet another loss-making quarter In the second quarter of 2019, Tesla reported a loss of $1.12 per share, marking a bigger than expected deficit. The revenue during the quarter was $6.3 billion, up from $4.5 billion…
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Elon Musk’s electric car manufacturing company Tesla is looking at another quarter of losses, even as it is looking at good sales numbers and ahead-of-schedule construction of the Gigafactory 3. Why is Tesla looking at losses again? Tesla Motors Inc. is expected to report its second-quarter 2019 results after market close on Wednesday. The company’s…
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Elon Musk’s electric car manufacturing company Tesla has decided to withdraw its request for restraining orders against short-seller Randeep Hothi. The company filed for the withdrawal on Friday. Why did Tesla target Hothi? Hothi is one of the most vocal Tesla short-sellers around and constantly talks about his short position on the company in his…
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When it comes to electric vehicles, Tesla is a force to be reckoned with. However, traditional auto manufacturers are quickly catching up with the American company. The best inline is Audi, the German automaker that is making headlines with its e-Tron. Why is the brand faring in the market? The EV market is still maturing,…
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Elon Musk’s company Tesla recently opened a new vehicle charging station in Las Vegas that features its next-generation V3 Supercharger. The charging station fulfills Musk’s three-year-old vision of combining the company’s core products into a single sustainable energy ecosystem. Welcome the V3 Supercharger The new V3 Supercharger is a beast of a charging solution that…
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Tesla is reportedly working ahead of schedule to finish the construction of its Shanghai-based Gigafactory 3 and is on the way to becoming the leading luxury EV company in China. Tesla is moving quickly in China While there are news reports about workers facing stressful conditions in open-air tent production facilities of the Silicon-Valley based…
