As CEO Elon Musk promised investors to bring the company to profitability in 2016, Tesla shares rose. However, investors still have concern with the company's performance as it posted another loss in Q4 2015.
Tags: Tesla
Tim Cook, Elon Musk, and Larry Page Are Among Reported Tech Elites Meeting Up With Republican Leaders to Devise an End to Trump's Presidential Run
Top tech elites were reportedly involved in a secretive meeting to stop Republican front-runner Donald Trump. The forum was also attended by Republican leaders and other representatives from the private sector.
US High Tech Energy Agency Planned to Take On Tesla
Advanced Research Projects Agency-Energy (ARPA-E) plan to outperformTesla. The agency under Department of Energy has been on research for years.
Elon Musk, Tesla Finally Own Tesla.com Domain
Domain name Tesla.com is finally owned by Elon Musk's Tesla. All web traffic from the new website will now be redirected to the company's official page, TeslaMotors.com.
Tesla Silently Changed Its Service Plan Policy and Eliminate Transfer of Extended Warranty
In a plan to boost sales, Tesla increased the price of its after sales service. The company also prevent Tesla owners to transfer their extended warranty when reselling their cars.
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Tesla reported loss in the fourth quarter of 2015 on Wednesday. The carmaker said it lost $114 million on an adjusted basis, but its share increased in after hours trading.
After a long time fighting from getting approvals to sell it cars directly to customers in Michigan, Tesla finally shifts its strategy. The electric automaker company has applied for "Class A" dealership license, and has to wait for one month or two before hearing the decision.
Tesla denies rumor that the electric car maker will launch two new models in March. However, the company will build a third generation platform for its vehicle to support its sedan and SUV model.
Tesla cars sale fell below analyst expectation and its inability to roll out the Model X as promised lead J.P. Morgan analyst to reduce its profit projection for the fourth-quarter.
Luxe valet parking app is partnering with Tesla. The two-year old tech startup will provide Tesla owners in New York and San Fransisco its on-demand valet parking service.
Luxury vehicles as much as possible are perfectly manufactured from every angle to maintain company's repute and market. Tesla, despite being relatively small as compared to automakers, cares more about its repute. Even a single fault discovered in its luxury vehicles isn't tolerated.
Faraday Future comes as a new challenger for Tesla in building electric car. The Chinese-backed startup company has invested $1 billion to build factory in America. Other than electric car, Faraday Futures also prepares "rolling smartphone" as a different business model in automotive industry.
Tesla's stock went up 8.5 percent to $226 after reporting their third quarter earnings where it delivered more cars than expected. Reuters reported that the car company will boost up the production of its electric cars after its Model X SUV saw a strong rollout, bringing its stock up 9 percent even as it reported its biggest loss in ten quarters.
Facebook CEO Mark Zuckerberg invited India's Prime Minister Shri Narendra Modi for a Q&A session on Facebook HQ in California. The event will be held on September 27, 9:30 am PST.
