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Musk to review all of Tesla's expenses in new cost cutting plan

Tesla Inc Chief Executive Officer Elon Musk told employees on Thursday that he will increase scrutiny of the company's expenses in his latest initiative to cut costs at the electric car maker.
Tags: Elon Musk, Money, Tesla, businessNews, Tesla Inc


Tesla to update battery software following car fires

Tesla Inc will update its battery software after two recent fires involving its Model S electric vehicles (EV) in Shanghai and Hong Kong, the U.S. automaker said on Thursday, adding that investigations into the incidents are ongoing.
Tags: Hong Kong, Money, Tesla, businessNews, Shanghai, Tesla Inc


Tesla says it plans software update amid vehicle fire investigation

Tesla Inc said on Thursday that it would roll out a software update to protect batteries while it conducts an investigation into incidents in which its vehicles caught fire.
Tags: Money, Tesla, businessNews, Tesla Inc


Soros Fund Management increases stake in Tesla convertible bonds - filings

Billionaire George Soros' investment firm, Soros Fund Management Llc, raised its stake in Tesla Inc's convertible bonds due in 2021 by 17.5 million convertible bonds to 37.5 million convertible bonds as of the end of the first quarter, according to a filing with the U.S. Securities and Exchange Commission late Wednesday.
Tags: Money, Tesla, businessNews, U S Securities and Exchange Commission, George Soros, Soros Fund Management LLC, Soros Fund Management, Tesla Inc


SpaceX to launch first satellites for Musk's Starlink internet service

The billionaire entrepreneur and chief executive officer of Tesla Inc was set to brief reporters on the Starlink satellite-based internet business ahead of the launch from the Cape Canaveral Air Force Station in Florida at 10:30 p.m. The first 60 Starlink satellites are stacked together atop a SpaceX Falcon 9 rocket. Musk plans to send as many as 12,000 satellites into space as soon as 2024 to make high-speed internet available from space across the world. In February, satellites built by Air...
Tags: Florida, Science, Airbus, Musk, SpaceX Falcon, Cape Canaveral Air Force Station, OneWeb, StarLink, Tesla Inc


Tesla's New York solar factory making other products in bid to boost jobs

Tesla Inc on Wednesday said its solar factory in Buffalo, New York, would become the "manufacturing home" for its electric vehicle Supercharger cabinets and other energy storage products as it seeks to meet employment targets tied to state subsidies.
Tags: New York, Money, Tesla, businessNews, Buffalo New York, Tesla Inc


Tesla says solar factory will now make EV chargers and other products

Tesla Inc said on Wednesday its solar factory in Buffalo, New York, would become the "manufacturing home" for its electric vehicle Supercharger cabinets and other energy storage products as it seeks to meet employment targets tied to state subsidies linked to the facility. Tesla employs 329 workers at the factory while its partner, Panasonic Corp, has about 400 employees there, the report said. The company was required to have at least 500 employees in the state by April 30 as part of its comm...
Tags: New York, Science, Tesla, Buffalo New York, Panasonic Corp, Tesla Inc


Tesla car catches fire in Hong Kong parking lot - media

A Tesla Inc electric car caught fire in a parking lot in a Hong Kong shopping mall, the Apple Daily newspaper said on Tuesday, but no one was injured in the blaze, whose cause was not immediately known.
Tags: Hong Kong, Money, Tesla, businessNews, Apple Daily, Tesla Inc


Nissan Considers Buying Stake in Chinese Electric Carmaker

The Japanese company wants to buy a stake of as much as 25% in a Chinese electric-vehicle maker, and it has narrowed the potential targets to startups including WM Motor Technology Co., Zhejiang Hozon New Energy Automobile Co. and CHJ Automotive Co., said the people, asking not to be named as the plan isn’t public. The plans signal Nissan is looking to push ahead with ambitions in the EV space started when Carlos Ghosn was still chairman of the carmaker’s board. While Ghosn was arrested in Nov...
Tags: Science, Nissan, Ghosn, Carlos Ghosn, Renault SA, Volkswagen AG, Tesla Inc, CHJ Automotive Co


Elon Musk courts some controversy with tweets on sex video filmed in Tesla

Elon Musk, who’s had federal regulators scrutinizing his Twitter feed and Tesla Inc.’s Autopilot technology, invited fresh attention to both by making light of a pornographic video filmed inside one of the company’s cars. The chief executive officer sent a series of tweets loaded with double entendre Thursday after a video surfaced this week of two people having sex in a Tesla operating on Autopilot. “Turns out there’s more ways to use Autopilot than we imagined,” Musk wrote in his initial post...
Tags: Elon Musk, Advertising, Tesla, Apple Inc, Musk, National Transportation Safety Board, U S Securities and Exchange Commission, National Highway Traffic Safety Administration, Tesla Inc


Tesla closes $2.7 billion mixed offering of shares, debt

Tesla Inc said on Wednesday it closed its $2.7 billion offering of stock and convertible notes and that it was over-subscribed, giving the electric carmaker much needed cash as it ramps up production.
Tags: Money, Tesla, businessNews, Tesla Inc


UPDATE 3-GM's Cruise gets $1.15 bln new cash from T. Rowe Price, SoftBank

General Motors Co's majority-owned Cruise self-driving division said on Tuesday fund manager T. Rowe Price and a group of existing investors put down $1.15 billion in new equity, valuing the unit at $19 billion. Funding for Cruise comes weeks after T. Rowe Price said https://in.reuters.com/article/tesla-t-rowe-price-grp/tesla-holdings-slashed-by-t-rowe-price-funds-in-latest-cuts-by-investor-idINKCN1RU08S it has sold 92 percent of its stake in Tesla Inc. The latest funding for Cruise includes e...
Tags: News, Gm, General Motors Co, Honda Motor Co Ltd, T Rowe Price, Tesla Inc, SoftBank Vision Fund, T Rowe Price SoftBank, General Motors Japan


U.S. rejects Tesla bid for tariff exemption for Autopilot 'brain'

U.S. trade officials rejected Tesla Inc's bid for relief from President Donald Trump's 25-percent tariffs on the Chinese-made Autopilot "brain" of its Model 3 and other electric vehicles, one of more than 1,000 product denials linked to China's industrial development plans.
Tags: Money, China, Tesla, businessNews, Donald Trump, Tesla Inc


U.S. rejects Tesla bid for tariff exemption for Model 3 'brain'

U.S. trade officials rejected Tesla Inc's bid for relief from President Donald Trump's 25 percent tariffs on the Chinese-made computer "brain" of its Model 3 electric vehicles, one of more than 1,000 product denials linked to China's industrial development plans.
Tags: Money, China, Tesla, businessNews, Donald Trump, Tesla Inc


U.S. rejects bid by Tesla for tariff exemption for Model 3 'brain'

U.S. trade officials rejected Tesla Inc's bid for relief from President Donald Trump's 25 percent tariffs on the Chinese-made computer "brain" of its Model 3 electric vehicle, one of more than 1,000 product denials linked to China's industrial development plans.
Tags: Money, China, Tesla, businessNews, Donald Trump, Tesla Inc


Tesla boosts capital raise to $2.7 billion, Musk buys more stock

Tesla Inc on Friday was set to raise up to $2.7 billion in a record-setting capital raising for the electric carmaker, as investors scooped up a mix of new stock and convertible notes that will recharge the company's cash-depleted balance sheet.
Tags: Money, Tesla, businessNews, Tesla Inc


Tesla to get up to $2.7 billion from upsized offering, Musk to buy more stock

Tesla Inc on Friday was set to raise up to $2.7 billion in a record-setting capital raising for the electric carmaker, as investors scooped up a mix of new stock and convertible notes that will recharge the company's cash-depleted balance sheet.
Tags: Money, Tesla, businessNews, Tesla Inc


Tesla raises size of share sale, Musk to buy more

Tesla Inc on Friday raised the size of its planned share offering to 3.1 million shares, priced at $243 apiece, and said Chief Executive Officer Elon Musk would now buy stock worth up to $25 million, more than double his initial commitment.
Tags: Elon Musk, Money, Tesla, businessNews, Tesla Inc


UPDATE 3-Tesla boosts capital raise to $2.7 bln, Musk buys more stock

Tesla Inc on Friday was set to raise up to $2.7 billion in a record-setting capital raising for the electric carmaker, as investors scooped up a mix of new stock and convertible notes that will recharge the company's cash-depleted balance sheet. The $1.8 billion junk bond maturing in 2025 , which rose 1.8% Thursday to a high of 87 cents on the dollar, was last at 86.5 cents.
Tags: News, Tesla, Tesla Inc


Elon Musk owes $507 million to banks helping Tesla raise capital

Tesla Inc Chief Executive Elon Musk personally owes $507 million to Wall Street banks involved in Tesla's stock and debt sale, backed by his stake in the electric car maker, a company filing showed on Thursday.
Tags: Elon Musk, Money, Tesla, businessNews, Tesla Inc


Tesla ends 'Spartan diet' and seeks $2.3 billion to fund expansion

Tesla Inc will raise up to $2.3 billion in new capital, renouncing what Elon Musk called a "Spartan diet" and easing Wall Street concerns about the money-losing company's ability to overcome a drop in sales and build new product lines.
Tags: Elon Musk, Money, Tesla, businessNews, Tesla Inc


Tesla ends 'Spartan diet,' seeks up to $2.3 billion from share, debt issues

Tesla Inc will raise up to $2.3 billion in new capital, renouncing what Elon Musk called a "Spartan diet" and easing Wall Street concerns about the money-losing company's ability to overcome a drop in sales and build new product lines.
Tags: Elon Musk, Money, Tesla, businessNews, Tesla Inc


Exclusive: Tesla expects global shortage of electric vehicle battery minerals - sources

Tesla Inc expects global shortages of nickel, copper and other electric-vehicle battery minerals in the near future due to underinvestment in the mining sector, the company's head of minerals procurement told an industry conference on Thursday, according to two sources.
Tags: Money, Tesla, businessNews, Tesla Inc


Volkswagen is already creating buzz for its electric vehicle

Volkswagen AG is seeking to create buzz months before deliveries start for its first ID. electric car, following the footsteps of Tesla Inc.’s Elon Musk, whose promotion of the Model 3 generated reservation lines around the block. While the world’s biggest carmaker lacks the marketing acumen of Tesla’s leader—who mainly markets through his twitter feed—VW has scale and will spend tens of millions of euros on a campaign advertising the start of pre-bookings this month, according to a statement...
Tags: Elon Musk, Berlin, Advertising, Tesla, Vw, Volkswagen, Audi, Leipzig, DFB, Volkswagen AG, Tesla Inc, Jochen Sengpiehl, Sengpiehl, FC Bayern Munich AG


Tesla seeks up to $2.3 billion from share, debt issues

Tesla Inc launched issues of new shares and debt worth more than $2 billion on Thursday, with Chief Executive Officer Elon Musk pitching in $10 million as the electric carmaker gave in to Wall Street pressure to bolster its cash reserves.
Tags: Money, Wall Street, Tesla, businessNews, Tesla Inc


Tesla to raise $2 billion from share, debt issues

Tesla Inc said on Thursday it had filed with regulators to launch around $2 billion in fundraising through issues of new shares and debt, with Chief Executive Officer Elon Musk pitching in $10 million of his own money to buy shares.
Tags: Money, Tesla, businessNews, Tesla Inc


Tesla sued in wrongful death lawsuit that alleges Autopilot caused crash

The family of Walter Huang, an Apple engineer who died after his Tesla Model X with Autopilot engaged crashed into a highway median, is suing Tesla. The State of California Department of Transportation is also named in the lawsuit. The wrongful death lawsuit, filed in in California Superior Court, County of Santa Clara, alleges that errors by Tesla’s Autopilot driver assistance system caused the crash that killed Huang on March 23, 2018. Huang, who was 38, died when his 2017 Tesla Model X hit...
Tags: Apple, TC, Transportation, Twitter, Elon Musk, California, Tech, Tesla, Automotive, CalTrans, Self-driving Car, Tesla Model S, Autopilot, Tesla Model X, Tesla Autopilot, Ntsb


China electric car firm Faraday Future says obtains $225 million in bridge financing: Reuters

Chinese electric vehicle developer Faraday Future said on Tuesday that it had obtained up to $225 million in bridge financing from a U.S. merchant bank to allow it to complete the development of its flagship FF91 model. Faraday, which has ambitions to overtake Tesla Inc, said in November that it was exploring strategic options, including debt and equity financing, amid a legal fight with Evergrande Health Industry Group Ltd which has since ended. The company said in a statement on its website th...
Tags: China, Trends, Faraday Future, Reuters, Jia Yueting, VC Deals, Tesla Inc, Evergrande Health Industry Group Ltd, Birch Lake Associates, Stifel Nicolaus Co


Tesla says may seek new funding; shares up after SEC agreement

Tesla Inc said on Monday it could seek alternative sources of financing, days after Chief Executive Officer Elon Musk reached a deal with U.S. securities regulators to settle a dispute over his Twitter use, removing an overhang on the stock.
Tags: Elon Musk, Money, Tesla, businessNews, SEC, Tesla Inc


Tesla says may seek alternative financing sources

Tesla Inc said on Monday it could seek alternative sources of financing although it expects cash generated from its business to be enough to fund its investments and pay down debt for at least the next 12 months.
Tags: Money, Tesla, businessNews, Tesla Inc