Tag: TESLA INC
Revamped hydrogen sedan hopes to rival battery-powered electric vehicles.
Elon Musk is trying to contain costs while still spending on major initiatives from a Shanghai factory and assembly-line to upcoming models.
Tesla Inc’s rankings at two high-profile job websites have declined.
Sources say sales personnel found out about the decision to close many stores and to focus on online sales through a public blog post.
Tesla shares tumbled after the company announced in a blog post plans to move from physical to online stores.
From Jan. 1 next year, the $7,500 tax credit will drop to $3,750 around mid-year, the Tesla website said.
Tesla plans to produce the first cars about two years after construction begins on its Shanghai factory, ramping up to as many as 500,000 vehicles a year.
Leading up to Sunday morning's production milestone, Musk paced the Model 3 line, snapping at his engineers when the around-the-clock production slowed or stopped due to problems with robots, one worker said.
He had been with the electric-car maker for almost five years, a Tesla spokesman said by email. There was no immediate word on a possible successor. Field didn’t respond to a request for comment.
Tesla met the target by running 24 hours a day for seven days, setting up a new production line inside a tent on the campus of its Fremont factory and pulling workers from other projects, according to the company and employees at the factory.
Additional investment would come on top of about $1.6 billion. Panasonic is contributing to Tesla's $5 billion so-called Gigafactory, which Panasonic jointly operates.
The company may hit 6,000 Model 3s a week next month, he wrote. Including Model S and X production, the factory knocked out 7,000 vehicles last week, he said.
Tesla Inc. Chief Executive Officer Elon Musk sent an email on Sunday to employees after the automaker achieved a goal of producing 5,000 Model 3 electric cars in the final week of the quarter:
The quarter concludes Saturday, and Tesla is expected to report its production figures for the last three months before the July 4 holiday.
Xi has room to impose penalties such as customs delays, tax audits and increased regulatory scrutiny for American companies if Trump delivers on his threat of bigger duties on Chinese trade.
It is the second time since February that Tesla has temporarily shut down its production line for the Model 3 at its Fremont, California plant.