Tesla Shanghai to produce 4,000 electric vehicles per week
Tao Lin, vice president of Tesla China said that Tesla Shanghai Gigafactory is expected to produce 4,000 electric vehicles per week by next month in an effort to exceed the production capacity. 4,000 units per week would result in Tesla producing roughly 200,000 electric cars per year at the plant. The Tesla executive also shed some light on the planned timeline to bring the Model Y to China
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Elon Musk celebrates Tesla’s performance by trolling SEC and short-sellers
Tesla recently crossed Toyota’s market cap to become the world’s most valuable automaker, The shares of Tesla gained almost 200% this year and Elon Musk celebrated the performance of his company by trolling SEC and some short-sellers. "Tesla will make fabulous short shorts in radiant red satin with gold trim," Musk tweeted. "SEC, three-letter acronym, the middle word is Elon's," Musk said in a separate tweet
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Tesla beats Toyota to become the world’s most valuable automaker
American electric automaker Tesla became the world’s most valuable automaker on Wednesday when the electric vehicle company’s market capitalization surpassed Toyota’s for the first time. Shares of Tesla gained 5% to hit a new all-time high of $1,135, giving the company a valuation of roughly $206.5 billion, compared with Toyota’s valuation of about $202 billion
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Elon Musk to sue Alameda County
Elon Musk to sue Alameda County
Tesla CEO Elon Musk expressed his anger against Alameda County over factory reopen issues. Musk said on Twitter Saturday that the company is preparing to file a lawsuit against Alameda County and will move its headquarters and future operations out of California. Interim Public Health Officer of Alameda County said on Friday that Tesla does not have a “green light,” to resume vehicle production in California, yet
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CNBC
How did a tweet cost Tesla $14 billion?
Tesla boss Elon Musk wiped $14bn off the carmaker's value after tweeting its share price was too high. It also knocked $3bn off Mr. Musk's own stake in Tesla as investors promptly bailed out of the company. "Tesla stock price too high imo," he said. On Friday, the Wall Street Journal reported it had asked the billionaire if he was joking about the share price tweet, receiving the reply "No"
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