Tesla has confirmed that it intends to complete construction of its Megafactory in Shanghai by 2025. This is important for the further development of the company’s Energy Division, which has an increasing impact on its […]
Tesla has brought back one of its most frequently used incentives, free Supercharging when buying a new car. Tesla often introduces this incentive towards the end of a quarter to boost sales, but it is […]
Stiefel initiated coverage of Tesla stock with a Buy rating and a $265 price target (PT). This implies an upside potential of approximately 45%. The firm noted Tesla’s strong position to deliver sustainable growth from […]
Tesla has reduced its workforce by approximately 14%, bringing the company’s global headcount to just over 121,000 employees, including temporary workers, down from the 140,473 employees reported at the end of 2023. The new figures […]
Tesla’s sales in China experienced a notable rebound in May. According to the China Passenger Car Association (CPCA), Tesla sold 72,573 units last month, marking a 16.7% increase from April’s 62,167 units. The uptick in […]
Tesla has started rolling out its latest software update, 2024.20, and it will include an upgrade for cars in North America with matrix LED headlights. While the update does turn on a new feature, it […]
Tesla is still rolling out the big spring software update, but the details of the next update have been revealed, and Tesla is adding a number of new and improved features in the 2024.20 software […]
Tesla is adding to its promotional activities in China with a new campaign that promises Chinese customers an opportunity to win a free trip to tour of its Fremont factory in the US, or a […]
Tesla has announced plans to deliver 50 additional Semis to PepsiCo. News of the additional deliveries was shared by Semi program manager Dan Priestly while speaking at the ACT Expo in Las Vegas on Monday. […]
Tesla and Rivian will both be conducting another round of layoffs impacting employees in California as both automakers continue to trim their workforces. According to the government filings, Tesla plans to let go more than 600 […]
