Tesla Suspends Model 3 California Production Line
Tesla Inc. suspends production of Model 3 in Fremont, California from February 22 to March 7, according to a Bloomberg report citing an unnamed source. Impacted staff advised to take…
Germany Motor Vehicle Authority Says Tesla Must Recall 12,300 Model X Cars
Germany’s motor vehicle authority KBA said Tesla must recall about 12,300 Model X cars worldwide, according to Reuters. The recalls are due to car body moulding problems. KBA says there…
Tesla’s $1.5 Billion Bitcoin Investment Boosts Gains in Entities Holding the Digital Token
Shares of companies that have invested in Bitcoin have outperformed on Wall Street due to Tesla’s $1.5 billion bet on the digital currency, according to Reuters. Bitcoin hit a record…
U.K Auto Sales Plummet to Hit Lowest Since 1992 Despite Surge in EV
Sales of new cars in the U.K fell by almost 30% in 2020 due to the coronavirus pandemic and shuttering of showrooms, reports CNBC. New car registrations amounted to 1,631,064…
Tesla’s Projected Growth Intact Despite Narrowly Missing its 500,000-vehicles Target
Tesla is poised for global expansion despite hitting annual vehicle deliveries of 499,550 in 2020, slightly lower of 500,000 goal, according to Bloomberg. The company delivered a record 180,570 for…
Tesla’s Stock Slide in Premarket on First Day of Trading on the S&P 500 Index
Shares of Tesla dropped 6.4% in premarket trading on Monday after being added to the S&P 500 Index. The slip follows Friday gains of about 5% when tens of millions…
Here is What Investors Anticipate ahead of Tesla’s Inclusion into S&P 500
Electric vehicle maker Tesla is expected to enter the S&P on Monday in what will be the largest rebalancing in the history of the index, reports CNBC. Investors are now…
Tesla Unveils Second $5 Billion Share Sale since September
Tesla Inc. launched a $5 billion capital raise on Tuesday, the second move in three months as the electric-car maker cashes on its stock surge this year, according to Reuters.…
Overheating Batteries are a Hindrance to the EV Push-Reuters
Vehicle recalls and investigations are facing major electric vehicle (EV) makers worldwide, according to Reuters. The EV makers are facing challenges after a series of fires from overheating batteries in…
Tesla Surges on Joining S&P 500 in December
Tesla shares rose 15% to $467.50 in extended New York trading and 9.6% on Germany’s Tradegate exchange on Tuesday following news that it will Join S&P 500 on December 21,…