Tesla News

  • Lucid Air

    The Saudi Arabian sovereign wealth fund may be planning to buy a stake in potential Tesla rival Lucid Motors, according to a Reuters report. Tesla CEO Elon Musk suggested last week that he had held talks with the same Saudi investment fund. The report says that the fund has drawn up a term sheet to invest $500 million in Lucid. It could invest up to $1 billion to acquire majority ownership in the electric carmaker after Lucid meets certain production targets. DON'T MISS: Saudi investment fund takes $1 billion stake in Lucid Motors The report cited "people familiar with the matter." Silicon...

  • 2017 Tesla Model 3, in photo tweeted by Elon Musk on July 9, 2017
    Tesla troubles, best deals, and time running out on VW diesels: The Week in Reverse

    Who disputed EPA findings that less fuel-efficient cars will be safer? What did a second whistleblower at Tesla's Gigafactory allege? This is our look back at the Week In Reverse—right here at Green Car Reports—for the week ending August 17, 2018. Friday, another whistleblower came...

  • 'Revenge of the Electric Car' premiere: Elon Musk arrives in a Tesla Roadster
    Opinion: Tesla's CEO needs help, but will he take it?

    Just as Tesla is beginning to straighten out manufacturing problems with its Model 3, the executive suite seems in the midst of a nuclear meltdown. In a wide-ranging interview with The New York Times on Thursday, CEO Elon Musk admitted to being spread thin, having the most difficult and painful...

  • Microlino electric car
    Tesla whistle-blowers, fuel-cells, and Musk interview, time for relief? Today's Car News

    The news Friday was almost all Tesla, all the time. CEO Elon Musk granted an exclusive interview to The New York Times in which he said his tweet about taking the company private was not vetted by others. Meanwhile, one whistleblower came forward with drug-dealing allegations at the Gigafactory and...

  • Elon Musk at Tesla Model 3 reveal
    Tesla board reportedly seeking No. 2 executive to assist Elon Musk

    On Thursday, The New York Times published an interview with Tesla CEO Elon Musk that revealed that the company's board may looking for a new operational leader for the company. In the wide-ranging interview, Musk acknowledged that his tweet last week about having "funding secured" to take Tesla...

  • Tesla Gigafactory in Sparks, Nevada [CREDIT - YouTube user California Phantom]
    Tesla faces more whistleblower allegations from a second former employee

    A second employee at Tesla's Gigafactory in Nevada has filed for whistleblower protection, alleging that the company covered up an investigation into drug trafficking at the factory. The latest report was first carried by Jalopnik. The latest whistleblower, Karl Hansen, worked in the automaker's...

  • Teaser for Pininfarina Battista debuting at 2019 Geneva auto show

    The SEC issues subpoenas to Tesla over CEO Elon Musk's plan to take the company private. Switzerland halts registrations of some diesels from Mercedes-Benz and Porsche. New records show internal pushback at the EPA over freezing fuel-economy regulations. And we run down the best deals on green cars this month. All this and more on Green Car Reports. As the SEC issues subpoenas to Tesla over plans to take the company private, pressure mounts on Musk from regulators and from an alleged whistleblower who posted photos of battery problems on Twitter. Switzerland has banned new registrations of...

  • Tesla factory, Fremont, California
    Tesla privatization bid, quality control face increasing scrutiny

    Tesla CEO Elon Musk is facing mounting pressure from regulators and critics since his tweet last week to take the company private and the fallout that has followed. The Wall Street Journal reported Wednesday (subscription required) that Tesla's board has received subpoenas from the Securities and...

  • Electrify America chargers by BTC Power
    VW TDI claims, more Tesla details, "Jetstones" promote electric cars: Today's Car News

    The VW TDI settlement nears completion. Elon Musk reveals more details about his privatization plan for Tesla. And Electrify America rolls out the "Jetstones" to promote electric cars. All this and more on Green Car Reports. Owners of 2.0-liter VW TDI models have until Sept. 1 to file for...

  • Tesla factory, Fremont, California
    Tesla CEO Elon Musk reveals talks with Saudi fund to take Tesla private, others express doubt

    In a public letter to investors Monday morning, Tesla CEO Elon Musk expanded on details of his plan to take the company private. Musk announced Aug. 4 on Twitter that he was considering a privatization plan and had funding "secured." In the letter Monday, he revealed that he has been in discussions...

  • Tesla Model S Autopilot testing with IIHS [CREDIT: IIHS]
    Taking Tesla private, Autopilot testing, Mazda CX-5 diesel, Nissan Leaf batteries: The Week in Reverse

    Which company got a new diesel approved for U.S. sale? What new feature did the IIHS test? This is our look back at the Week In Reverse—right here at Green Car Reports—for the week ending Aug. 10, 2018. Friday, we reported on the IIHS tests of self-driving systems, including two...

  • Elon Musk at Tesla Model 3 reveal
    Report: SEC investigating Musk tweet about taking Tesla private

    The Wall Street Journal reported Wednesday that federal financial regulators may be investigating a series of tweets sent by Tesla CEO Elon Musk suggesting that the automaker was considering a large-scale stock buyback to take the company private. SEC investigators may be considering a range of...

  • 2017 Tesla Model 3, in photo tweeted by Elon Musk on July 9, 2017

    Six of Tesla's board members issued a statement Wednesday morning confirming that they have been in discussions with CEO Elon Musk about taking the company private. On Tuesday, Musk revealed on Twitter that he was considering privatizing the company after taking it public in 2010. He set a target stock price of $420 a share and said he had investors lined up to purchase the company at that price. Shareholders could either to sell at 420 or hold shares & go private — Elon Musk (@elonmusk) August 7, 2018 Any final decision about privatizing the company would fall to existing...

  • Tesla Motors CEO Elon Musk at Tesla Store opening in Westfield Mall, London, Oct 2013
    Elon Musk announces he's considering taking Tesla private (Updated)

    Tesla CEO Elon Musk said Tuesday he is considering taking the electric car company private. The executive posted on Twitter, "Am considering taking Tesla private at $420 a share." Tesla's stock bounced 7.3 percent Tuesday immediately after the news. Trading was halted for well over an hour on...

  • 2017 Tesla Model 3 "first production" car, in photo tweeted by Elon Musk on July 9, 2017
    Analysis: Did Tesla's earnings call and stock surge save Musk and skip skeptics?

    Investors Wednesday heard enough good news from Tesla to ignore worries about the company's appetite for cash and hurried production pace to rally the stock to its biggest one-day gain in roughly 5 years. By Friday morning the stock had surged above $350 from $300 on Wednesday afternoon. That led...

  • 2018 Tesla Model S and 2018 Tesla Model X
    Tesla Model S and X reportedly to get minimalist Model 3 interior

    Apparently the problem with the Tesla Model S and Model X was that they're too normal. They have a separate instrument cluster—a digital one—behind the steering wheel and a few solid controls. Tesla must think that's too much. The company is designing a new interior for them that looks...

  • Tesla Autopilot
    Tesla will roll out new Autopilot later this month

    Tesla announced Wednesday that it would release a complete update to its Autopilot system later this month, including new self-driving capabilities. The new version, which Tesla owners and fans have long-awaited, will update the system with faster hardware as well as new optical software that CEO...

  • Tesla Model 3 bought [Photo by reader AH]
    What Tesla Model 3 buyers trade in says something about them

    Buyers driving home Tesla Model 3s are moving up. In its second-quarter earnings call Wednesday, Tesla executives revealed the top five cars they have taken in on trade for new Model 3s and the results were unexpected. Rather than other entry-level luxury sedans that form the Model 3s competition...

  • 2017 Tesla Model 3, in photo tweeted by Elon Musk on July 9, 2017

    As it ramps up production of the Tesla Model 3, Tesla announced Wednesday that it reduced its financial losses in the second quarter—barely. The result is significant, because Tesla is racing against the clock to keep from running out of money before it can build enough of its new, more affordable Model 3s to turn a profit. Tesla says it lost nearly $743 million between April and June this year, compared with about $785 million last quarter. That leaves the company with $2.2 billion cash compared with $3.3 billion at the end of 2017. Compared with the first six months of last year, the...

  • 'Revenge of the Electric Car' premiere: Tesla Motors CEO Elon Musk on red carpet
    Nissan Leaf battery tech, hydrogen shortages, and Tesla Twitter wars get real: Today's Car News

    We take a deep look into two phenomenon: new technology in the Nissan Leaf's 30-kwh battery, and the war of words online surrounding Tesla and its CEO. A hydrogen shortage strands fuel-cell drivers in Los Angeles, and a new study shows sales of electric cars surge when more models are available...

  • Tesla factory, Fremont, California
    Tesla and its fans lash out at critics: commentary

    One of the most vocal critics of electric-car maker Tesla appears to have been silenced. Known as Montana Skeptic, he wrote 138 articles over three years on the stock-tip website Seeking Alpha. On Tuesday, he published what he says will be his final article after he claims Elon Musk called his...

  • 2018 Tesla Model 3
    Early Tesla Model 3 Performance reviews are positive

    The first reviews of the Tesla Model 3 Performance are in, and they are positive—even occasionally glowing. Tesla has trickled out cars for review to a handful of outlets so far, including the The Wall Street Journal (and its affiliated website, Market Watch), CNET, CleanTechnica, Motor...

  • 2018 Tesla Model 3
    Tesla Model 3 Performance to get new "track mode"

    Tesla is developing a new track mode for performance versions of the Model 3. YouTube reviewer Marques Brownlee posted a video on Instagram showing a development version of the "track mode" in action. Green Car Reports reached out to Tesla for comment, and the company confirmed in a statement that...

  • Tesla Model 3 all-wheel drive Performance rolls off a new assembly line in a temporary structure
    Tesla asks suppliers for money back on Model 3 parts

    In its ongoing effort to reach profitability by the end of this year, Tesla has asked several of its suppliers to lower prices retroactively on components of the Model 3, including some contracts that date back to 2016. In a memo sent to the suppliers last week and reviewed by The Wall Street...

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