VW will launch an electric car for 20,000 euros.
The automaker is looking for a mass-market electric car. A more affordable entry-level electric vehicle will be offered by Volkswagen AG for 20,000 euros ($21,340). The ID.1 model should debut…
Tesla is under investigation.
Investigations are underway on two incidents involving Model Y cars. U.S. regulators are looking into Tesla Inc. after allegations that certain newer Model Y vehicles’ steering wheels can come off…
Tesla receives a $5 billion credit line.
The company is approaching investment-grade status. Banks have approved a new $5 billion revolving credit line for Tesla Inc., the latest sign that the company is approaching investment-grade status. According…
Tesla raised $2.8 billion from Korean traders.
South Korean intraday traders bought Tesla shares. This year, despite the greatest slump in Tesla Inc. history, South Korean intraday traders purchased shares of the electric vehicle manufacturer for $2.8…
Elon Musk will stop selling Tesla shares.
The comments followed a $40 billion sale of the company’s shares. After selling about $40 billion worth of shares this year, largely to finance the acquisition of Twitter Inc., Tesla…
The drop in Tesla shares below $500 billion
The company’s shares fell 6.5%, the biggest hurdle for the S&P 500. After it was disclosed last week that the electric vehicle manufacturer plans to temporarily halt production at its…
Tesla intends to cut production in Shanghai.
Relocations could cut Shanghai’s production by about 20% this month. In response to the most recent indication that demand in China is not meeting expectations, Tesla Inc. plans to reduce…
The SEC has declared the Tesla deal closed.
Musk’s agreement with the Securities and Exchange Commission Elon Musk never liked the settlement he came to with the US Securities and Exchange Commission (SEC) over his controversial tweet from…
Tesla is growing its vehicle lineup.
First semi-trailers handed over to PepsiCo On Thursday, Tesla Inc. handed the first of its electric semi trucks over to PepsiCo, achieving a significant milestone for the automaker. Elon Musk,…
The Tesla debacle accelerates.
Shares of electric car makers fell 6.8%. Tesla Inc.’s drop is quickening as a result of the recall, and CEO Elon Musk has been concentrating on reviving Twitter Inc., while…