There’s a $1.6 Billion Problem with Elon Musk’s Plan to Close Tesla Stores

In a complete reversal, Tesla revealed that it would work to move all sales online, just a year after touting the expansion of Tesla stores and galleries. Tesla Backtracks on Retail Store Expansion The 2017 annual report published in February 2018 read: “Our Tesla stores and galleries are highly visible, premium outlets in major metropolitan …

Tesla Starts Selling the Cheaper Model 3 in China [But Import Duty and Other Costs Still Makes it Expensive]

Tesla has begun taking orders for a cheaper version of the Model 3 in China. The electric car maker will now start selling the Model 3 Long-Range rear-wheel drive version marked at $64,400, Reuters reports. This is significantly cheaper than the Model 3 Performance which was already available in China starting at $83,000. In the United …

Tesla’s Model S and X Now Sport the Same 100kWh Battery Pack; Will it Simplify Production?

Electric car maker Tesla has made good its promise to phase out the 75kWh Model S and Model X versions. On Tuesday the electric car maker began selling these models only with the long-range 100kWh battery packs. Despite having the same battery, the range will differ depending on the model with cheaper versions having a …

Tesla Shares Nosedive After Major Analyst’s Consensus Turns to “Sell”

Tesla Chief Executive Elon Musk stands on the podium as he attends a forum on startups in Hong Kong, China January 26, 2016. REUTERS/Bobby Yip/File Photo By CCN.com: Elon Musk and Tesla’s poor start to 2019 looks like it’s set to get worse. After news of a $1 billion debt balance and cost-cutting layoffs, analysts are …

Adios Panasonic? Tesla Is Fishing For A New Battery Supplier For Its Chinese Car Factory

Image: Shutterstock By CCN.com: Following CEO Elon Musk’s November announcement that Tesla will source production inputs for the new Shanghai Gigafactory locally, the company is now reportedly in the market for a new battery supplier. It will be recalled that in November 2018, Musk announced that the company intends to diversify its sources after …

Elon Musk and Tesla Start Building First Foreign-Owned Car Plant in China

Straight from the horse’s mouth. Despite multiple complications and the ongoing trade war between the US and China placing Tesla plans in doubt, today, the electronic car manufacturer began breaking ground on the construction of the first Tesla gigafactory outside of the US in Shanghai. On Twitter this morning, the charismatic businessman enthused: Looking forward …