Tesla
Tesla’s Mexican Gigafactory Groundbreaking Postponed to March Amidst Permit Delays and Local Concerns
February 19, 2024 – According to a report by the local Mexican media outlet Milenio, the groundbreaking ceremony for Tesla’s Mexican Gigafactory is now expected to take place in March, as revealed by the Governor of Nuevo León, Samuel García Sepúlveda, during a visit to a community center in Monterrey. Initially scheduled to occur this…
Tesla Unveils Bold Capital Expenditure Plans for 2024 and Beyond
January 30, 2024 – Tesla has today shed light on its capital expenditure plans for 2024 and beyond through the release of its 10-K report. In keeping with its tradition of increasing investments, the electric vehicle giant anticipates spending at least 10billionthisyear,anamountthatequatestoapproximately71.8billionChineseyuan.For2025and2026,thecompanyhasbudgetedbetween8 billion and $10 billion. Acknowledging the dynamic nature of its undertakings, Tesla cautioned…
Tesla Stock Surge Propels Musk Back to Top of World’s Richest List
January 30, 2024 – Tesla Shares Surge, Boosting Musk Back to World’s Richest In a significant market move on January 29th, Tesla’s stock price experienced a notable increase of 4.19%, closing at 190.93pershare.Thissurgeinvalueelevatedthecompany′stotalmarketcapitalizationtoawhopping606.95 billion. Consequently, this significant jump in Tesla’s stock price has propelled its CEO, Elon Musk, back to the top spot as the…
Tesla Reports Robust 2023 Financial Results, Led by Strong Model Y Sales and Soaring Energy Business Profits
January 25, 2024 – Tesla has unveiled its financial results for 2023, revealing a steady increase in revenue and profits despite facing various challenges throughout the year. According to the report, Tesla’s total revenue for the fourth quarter of 2023 amounted to 25.17billion,representinga396.77 billion, a significant 19% increase from 2022. In terms of profitability, Tesla…
Elon Musk’s Call for Increased Voting Power: A Potential Shift in Tesla Leadership
January 17, 2024 – Tesla CEO Elon Musk took to social media on Monday, local time, urging the Tesla board to increase his voting power in the company. He warned that if his request is not met, he might consider leaving Tesla to explore product development outside the company. In his post, Musk stated, “What…
Tesla Hits 55,000 Global Superchargers, with UK as a Key Growth Region
January 05, 2024 – Tesla Announces Global Expansion of Supercharger Network to 55,000 Units, Highlighting Strong Growth in the UK In a recent announcement, Tesla revealed that its global network of Superchargers has reached 55,000 units, marking a significant milestone in the company’s efforts to expand its charging infrastructure. Notably, the United Kingdom has emerged…
Tesla Set to Unveil Redesigned Model Y in Shanghai Amidst Rising Competition
December 27, 2023 – Reports emerged today that Tesla is gearing up to produce an entirely revamped version of its Model Y at its Shanghai facility. This initiative appears to be a strategic response to the intense competition from Chinese new energy vehicle manufacturers. Sources close to the matter revealed that the upcoming Model Y…
Elon Musk’s Philosophy: More Investors, More Valuable Alliances
December 22, 2023 – Elon Musk recently engaged in a conversation with Cathy Wood, the founder of Ark Investment Management, on his social media platforms, discussing a range of topics. Musk revealed that over the years, all the companies under his name have gone through more than a hundred rounds of funding, and he has…
Tesla’s Innovative “Precision Parking Assist” Feature Unveiled by Ashok Elluswamy
December 19, 2023 – Tesla Announces “Precision Parking Assist” Feature In recent news, Tesla’s Head of Autonomous Driving Software, Ashok Elluswamy, has revealed plans to introduce a new “Precision Parking Assist” feature for certain vehicle models that do not have ultrasonic sensors. This upcoming update promises to enhance the parking experience by utilizing higher-resolution 3D…
Tesla’s Revival Plans for Shanghai Phase Three Factory Construction
December 07, 2023 – Tesla is reportedly planning to revive the construction of its third automotive factory in Shanghai. According to sources close to the matter, Tesla initiated preparations for the construction of the third phase of the factory in 2021, forming teams for the project. However, progress was halted in the middle of last…