Tesla

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Tesla Gets Aggressive to Meet Model 3 Demand

Elon Musk's company raising $1.5B

(Newser) - Tesla is raising $1.5 billion as it ramps up production of the Model 3 sedan , its first mass-market electric car. The company said Monday that it planned to offer senior notes due in 2025 and would use the offering's proceeds to further strengthen its balance sheet during rapid... More »

Tesla Model 3 Is 'the Car Elon Musk Promised'

1st completed Model 3s unveiled Friday night

(Newser) - The new Tesla Model 3 has no speedometer or other gauges behind the steering wheel. In fact, it has "very few buttons or controls of any kind." The first 30 Model 3s were unveiled Friday night—handed out to Tesla employees—giving the world its first look at... More »

Espresso-Making Repair Vans Will Service Tesla Model 3

Tesla is planning for a dramatic increase in repair needs

(Newser) - Pretty soon, thousands of new Tesla owners won't even need to leave their homes for car repairs—and they'll get a cup of espresso to boot. Tesla's Model 3, which hits the streets later this month, will cost $35,000—or about half the price of its... More »

After a Tax Break Is Decimated, Tesla Sales Disappear

Nearly 3K Teslas were registered in Hong Kong in March. In April, 0

(Newser) - The weekend brought photos of Tesla's first Model 3 sedan to roll off the production line, but it wasn't all positive news for the automaker. The Wall Street Journal on Sunday posted an analysis of data out of Hong Kong that suggests just how severe an effect the... More »

First Look at Tesla's Model 3 Is Here

The most affordable Tesla to date carries a $35,000 price tag

(Newser) - Electric automaker Tesla has produced its first Model 3 sedan, a highly anticipated car because it carries a relatively low sticker price. CEO Elon Musk late Saturday tweeted pictures of the car, which will cost $35,000 and can travel 215 miles on a single electric charge. A $7,500... More »

Elon Musk on Newest Project: Done in 100 Days or It's Free

Tesla to build world's largest lithium-ion battery in South Australia

(Newser) - Elon Musk has an ambitious new project on his plate: building the world's largest lithium-ion battery. The 100 megawatt battery, which will be put together by Tesla and French energy company Neoen, will store renewable energy for the state of South Australia, the Guardian reports. The battery will be... More »

Volvo's Electric Push May Not Be as Electric as You Think

It's including 'mild hybrids,' which typically run on gas engines

(Newser) - Volvo made big headlines Wednesday when it became the first traditional automaker to announce that all of its cars would be at least partially electric in 2019. The trend away from old-school engines may seem inevitable, but the Wall Street Journal has a sobering stat for electric advocates: Less than... More »

'Tesla for the Masses' Will Be Out Friday

Model 3 could be $27.5K with tax credit

(Newser) - The electric car nicknamed the "Tesla for the masses" will go on sale Friday. CEO Elon Musk tweeted that the Model 3 will be out two weeks ahead of schedule after clearing all regulatory requirements, reports the AP . This one has a starting price of about $35,000, but... More »

Tesla Driver Got 7 Warnings Before Fatal Self-Driving Crash

NTSB says he didn't take the wheel when instructed before collision

(Newser) - The government has released its report on the first-ever fatal self-driving car accident, and it shows that human involvement is required even when using the technology of the future. Last May, Joshua Brown collided with a left-turning truck on a divided highway near Williston, Fla., while his Tesla Model S... More »

Female Engineer Is Fired After Calling Out Tesla

AJ Vandermeyden says it's retaliation for her allegations of harassment

(Newser) - A female engineer who said she endured sexual discrimination and harassment at Tesla is out of a job. The company has fired AJ Vandermeyden over the complaints, reports the Guardian . Tesla hired an outside attorney to investigate Vandermeyden's accusations, per Business Insider , and concluded that she was lying and... More »

Tesla's Model 3: 'The Joke's on Me,' Says Elon Musk

CEO admits the name has caused confusion

(Newser) - What's in a name? That which we call a "3" works just as well as an "E," except maybe not for Tesla. The automaker is banking on an upcoming midmarket model to lure more consumers into its fold when the car begins production as early as... More »

Tesla Is Now the Most Valuable US Automaker

Investors aren't put off by lack of profits

(Newser) - Tesla sent a jolt through the auto industry Monday by becoming the most valuable American automaker, overtaking General Motors, which sold more than 100 times as many cars last year. GM also made a profit of around $9 billion in 2016, while Tesla—which has had only two profitable quarters... More »

Elon Musk Snarks on Twitter Over Tesla Record

Company just surpassed Ford, now right behind GM with $47.8B valuation

(Newser) - The casual observer checking out Elon Musk's Twitter feed Monday may not have sensed the shade he was throwing with his one short tweet proclaiming, "Stormy weather in Shortville…," but the Tesla CEO was actually crowing a bit at some news about his company's stock, as... More »

Elon Musk Has a Big Offer for Australia

It even comes with a money-back guarantee

(Newser) - Elon Musk may be just one of several entrepreneurs to claim he can solve power shortages causing blackouts in south Australia, but he's definitely the most confident. On Thursday night, he promised he could get it done in 100 days or the system he'd build is free, reports... More »

More Silicon Valley Sexism Accusations—This Time, Tesla

Employee files harassment suit against company on tail of complaints against Uber

(Newser) - Is it something leaking out from under the hood? First Uber was hit with sexism and harassment allegations ; now Tesla is under the microscope. But the difference between AJ Vandermeyden, who's just lodged a lawsuit against Elon Musk's electric-car giant for "pervasive harassment," and Susan Fowler,... More »

Tesla May Bring Big Change to Car Insurance

It plans to bundle it, and maintenance, into total price of car

(Newser) - If cars are becoming safer as they incorporate self-driving features—the National Highway Traffic Safety Administration last month confirmed Tesla's first-gen Autopilot reduced Tesla vehicles' crash rate by 40%—consumers and experts alike are wondering when auto insurers will slash rates to reflect the minimized risk. Tesla CEO Elon... More »

Driver Deliberately Crashes Fancy Tesla to Save Lives

He was able to stop an out-of-control Passat whose driver was in distress

(Newser) - The driver of a $70,000 Tesla Model S put his fancy car on the line to save lives with an impressive maneuver Monday in Germany. Jalopnik reports the driver was on the autobahn near Munich when he saw an out-of-control Volkswagen Passat swerve across the road and repeatedly hit... More »

Tesla Owner Stranded in Desert, and Not for Lack of Charge

Ryan Negri relied on phone to start car, but they were out of range

(Newser) - One Tesla Model S driver learned the hard way that technology has its limits. In a story he tells on Instagram , Ryan Negri describes venturing out into the Nevada desert with his wife and two dogs: "The thought was to go for a quick drive to take some photos... More »

Twitter Complaint Prompts Elon Musk to Adopt Big Change

Tesla owners will face small fines if they leave cars parked at charging stations

(Newser) - Some owners of electric cars have made it a habit to use charging stations as parking spots well after their charge is complete, and other electric car drivers are getting sick of it. One took the problem straight to Tesla CEO Elon Musk last week when he tweeted to him,... More »

Elon Musk Makes Surprising Claim About New Tesla Solar Roof

He says power-generating shingles will cost less to install than regular roof

(Newser) - Tesla CEO Elon Musk says his company's new solar roof will actually cost less for homeowners to install than a regular roof, Bloomberg reports. “So the basic proposition will be: Would you like a roof that looks better than a normal roof, lasts twice as long, costs less... More »

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