Tesla’s Is the Seventh to Join the Trillion-Dollar Club
(WSJ) Tesla has climbed above $1 trillion in value following a stock surge to become the seventh company and the first car maker to join the trillion-dollar club after Hertz…
Tesla Surges After Hertz Announces Plan to Order 100,000 EVs by the End of Next Year
(Hertz) Tesla stock was up more than 5% on Monday following news that Hertz will buy 100,000 electric vehicles to add to its rental fleet. Hertz said it would partner…
Tesla Posts a Record and Above Estimate Revenue of $13.76B in Q3 2021
(Tesla) Tesla Inc.’s revenues rose by 57% in the third quarter of 2021 from the prior year to a record $13.757 billion. The revenue was more than expected $13.63 billion. …
Federal Investigator Faults Musk’s Driver-Assistance Software Upgrade
(WSJ) Jennifer Homendy, a top federal crash investigator, has termed Tesla’s idea of upgrading the driver-assistance software as premature. Through the National Transportation Safety Board, Homendy has asked Tesla first…
Tesla’s August Car Sales Jumps to 44,264 in August as Chinese Demand Booms
(Reuters) Electric car maker Tesla sold about 44,264 China-made vehicles in August, as local sales rose to 12,885 cars from July’s 8,621. Out of the sales of China-made vehicles, a…
Tech Giants Rush for Custom-Made Chips as Competition and Shortages Hots Up
(CNBC) Tech giants led by Apple, Amazon, Tesla, Facebook, and Baidu are exploring the idea of custom-made chips by in-house development. The move towards in-house chip development by tech giants…
Tesla on the Journey to Creating a Humanoid Bot Seeks to Fill New Positions
(Electrek) Tesla is recruiting to fill new positions relating to building a humanoid robot, dubbed the Tesla Bot. Some of Tesla’s advertised positions include an electrical engineer, a mechanical design…
China and Europe Leads as the Global Electric Cars Uptake Jumps 160% in H1 2021
(Canalys) The global electric car sales jumped 160% to 2.6 million in the first half of the year compared to a similar period of last year. Mainland China and Europe’s…
Tesla Beats Estimates to Report a Tenfold YOY Jump in Net Income
(Tesla) Electric Vehicle maker Tesla Inc. earned $1.14 billion in new income or $1.45 EPS in the second-quarter, up from $104 million a year ago. The net income was higher…
Tesla Stock Price Forecast Ahead of Q2 Earnings
The Tesla stock price has gone nowhere in the past few weeks. The stock ended last week at $643, bringing its total market capitalization to more than $620 billion. This…
BHP’s Nickel Supply Deal with Tesla Boosts its Stock Price by 3%
(BHP) Shares of Australian mining company, BHP Group, jumped 3% after it struck a deal to supply nickel to Tesla. Vandita Pant, BHP Chief Commercial Officer is foreseeing a surge…
Tesla on a Return to Record Car Sales in China after Bad Publicity
(Bloomberg) Electric vehicle maker Tesla Inc. recorded a 29% jump in registrations of Model 3 sedans and Model Y sports utility cars made at its Shanghai factory in June from…