Tesla Inc. saw its market capitalization fall below the $1 trillion mark as shares plummeted 8.39% to $302.80, bringing the company’s valuation to $948.81 billion.
Tesla Purchases Assets of Insolvent German Technology Company Manz
Tesla Automation GmbH, a subsidiary of Tesla Inc., has reached an agreement to purchase assets from the German technology company Manz AG. The deal includes the acquisition of Manz’s Reutlingen facility and over 300 employees.
Tesla Fights Chinese Rivals at a Disadvantage
Tesla, Inc. is facing a tough time in the electric vehicle (EV) market, particularly in China. The company’s stock has been plunging, extending its three-day losing streak. To make matters worse, an analyst has reiterated a Sell rating on the stock due to the rollout of Full Self-Driving (FSD) features in China.
Tesla Loses Key Designer David Imai to Arc Boats Under Elon Musk's Leadership
Tesla Inc.’s Director of Design, David Imai, has made the decision to leave the electric vehicle company to join Arc Boats, a manufacturer of electric boats, as their Chief Designer.
Tesla Expands FSD Features to China Amidst Challenges
Electric vehicle giant Tesla Inc. has begun rolling out new driving assistance features for its vehicles on city streets in China. The features, which are being rolled out via a software update, are similar to those included under the company’s full self-driving software in the U.S.
Tesla Stock: What's Driving Monday's Movement?
Tesla Inc shares have been experiencing volatility on Monday following the announcement of the deployment of full self-driving features in China. This move is expected to significantly impact the company’s stock performance.
Tesla: A Bull or Bear Market?
Tesla’s short percent of float has fallen 5.75% since its last report, with 59.61 million shares sold short, which is 2.13% of all regular shares available for trading. Based on its trading volume, it would take traders 1.0 days to cover their short positions on average.
Tesla Cybercab to Abandon Stainless Steel and Paint for Unique Gold Finish
Tesla Inc.’s dedicated robotaxi offering, the Cybercab, will not feature stainless steel panels like the Cybertruck. Instead, the company is developing a new process to create a unique gold finish. According to senior company executive Lars Moravy, the stainless steel used on the Cybertruck is not suitable for the Cybercab’s design, as it does not allow for curves or structures beyond the angular design of the Cybertruck.
Tesla to Unveil Updated Model S and X by Year's End, According to Senior Executive
Tesla Inc, a leading electric vehicle (EV) giant, is set to refresh its premium car offerings, the Model S and Model X, by the end of this year. This announcement was made by senior company executive, Lars Moravy, in a recent interview.
Tesla Roadster to Receive Performance Boost with SpaceX Collaboration
Tesla Inc is working with SpaceX to develop its upcoming Roadster vehicle, according to senior executive Lars Moravy. This collaboration is expected to provide a significant performance boost to the vehicle.