Tesla shares tank on price cut, disappointing Model 3 deliveries
Shares in Tesla Inc. dropped as much as 9 percent on Wednesday on worries of future profitability, after the electric car maker cut U.S. prices for all its vehicles to offset lower green tax credits, while falling short on quarterly deliveries of its mass-market ...
Tesla shares surge on Model 3 numbers, Elon Musk settling row with regulators
Shares of Tesla Inc. jumped 18 percent on Monday as signs it had met targets for quarterly car production added to relief at Chief Executive Elon Musk's settling of a lawsuit with regulators that had threatened to force him out. The electric carmaker's shares sank ...
Tesla's call for suppliers to refund cash going back to 2016 'reeks of desperation'
When a company asks suppliers to retroactively give money back, it's a sign that something has gone wrong. That's what analysts worry about with Tesla Inc., which has asked suppliers to return a portion of payments for parts they've delivered going back to 2016. In ...
Tesla cuts 9% of workforce, mainly salaried ranks, in bid to post profit
Electric carmaker Tesla Inc. is laying off about 3,600 workers, mainly from its salaried ranks, as it slashes costs in an effort to deliver on CEO Elon Musk's promise to turn a profit in the second half of the year. In an email to workers ...
Tesla's first production Model 3 rolls off assembly line
It's finally here: the Model 3, Tesla's $35,000 (¥4 million) electric game-changer. A single black Model 3 rolled off the production line last Friday with a serial number all its own, kicking off a company-defining six months. The car will belong to Elon Musk, ...
