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Elon Musk confirms potential funding source for taking Tesla private

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Elon Musk confirms potential funding source for taking Tesla private

Elon Musk, Tesla CEO, has revealed Saudi Arabia's sovereign wealth fund as a key source of funding which will be used if the company decides to go private. On Tuesday August 7, US time, Musk told the world via his Twitter account, "Am considering taking Tesla private at $420...

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McLaren 720S vs Tesla Model S P100D drag race - video
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McLaren 720S vs Tesla Model S P100D drag race - video

The Tesla Model S is very, very quick in a straight line. The McLaren 720S is also very, very quick in a straight line, albeit through different means to the Tesla. You can probably see where this is headed. The team at CarWow has teamed up with YouTube personality Shmee150 to deliver a few interesting head-to-heads, one of which is published below...


Tesla, Elon Musk sued and official enquiries made over Twitter claims
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Tesla, Elon Musk sued and official enquiries made over Twitter claims

Two class-action lawsuits have been filed against Tesla and its outspoken CEO Elon Musk, who announced on Wednesday the company had "secured" funding to delist itself. It has also been reported the company is under investigation from authorities over these claims...


Tesla wants to go private
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Tesla wants to go private

Elon Musk, outspoken Tesla CEO, overnight set the internet alight when he tweeted: "Am considering taking Tesla private at $420. Funding secured." A company-wide email sent out by Musk, outlining the thinking and the potential mechanics behind such a move, was later published in full on the company's website...


Tesla creates 'Party & Camper mode' for entire range
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Tesla creates 'Party & Camper mode' for entire range

Earnings details weren't the only news to come out of Tesla yesterday. We also learned the Model S, Model X and Model 3 will get something called 'Party & Camper mode' at some point in the near future, allowing intrepid owners to leverage the battery capacity of their cars for outdoorsy pursuits. In typical Tesla fashion, the new function was announced by Elon Musk on Twitter...


Tesla Q2 earnings: $717.5 million loss, Model 3 production expected to ramp next quarter
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Tesla Q2 earnings: $717.5 million loss, Model 3 production expected to ramp next quarter

Tesla has released its second-quarter earnings for 2018, revealing a US$717.5 million ($969 million) loss, but there's a bit to suggest things are looking up in Silicon Valley. That loss is close to double the $336.4 million ($454.4 million) it lost during the first quarter of 2018, although total revenue rose from US$2.79 to US$4.0 billion...


Tesla Model S, X to gain Model 3-inspired interior - report
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Tesla Model S, X to gain Model 3-inspired interior - report

Although Tesla is spending most of its time and energy ramping up production of the Model 3, as well as making itself profitable, its flagship models seem likely to get new, probably controversial, interiors. Elektrek has obtained and published a few mockups of proposed designs for the new interior...


Tesla: Elon Musk promising KITT-style AI assistant
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Tesla: Elon Musk promising KITT-style AI assistant

A tweet from Elon Musk has suggested a KITT-style voice assistant could appear in future Teslas, supplementing the in-dash (or on-dash, in the case of the Model 3) touchscreens. Asked by a Model 3 Performance owner whether his car will get "K.I.T.T like AI... any time soon?", Musk replied with a simple "Yes"...


We have 'pedigree' on safety - Bosch talks autonomy
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We have 'pedigree' on safety - Bosch talks autonomy

Car manufacturers aren't the only ones working on autonomous technology apace. Along with Google and Uber, traditional automotive suppliers are beavering away on their own technology, extending the reach of the systems they already offer. Bosch is one of those suppliers...


Tesla working on a 'Track Mode' for Model 3 Performance
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Tesla working on a 'Track Mode' for Model 3 Performance

Tesla will add a Track Mode to the Model 3 Performance, with a looser stability control tune and more immediate power delivery for a bit of tail-out fun. The feature, which is still being tested, was revealed by YouTuber Marques Brownlee during a brief preview drive of the car, and has since been confirmed in a statement provided to Motor Authority...


Tesla's Autopilot has driven 1.9b kilometres - report
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Tesla's Autopilot has driven 1.9b kilometres - report

Tesla customers have driven over 1.2 billion miles (1.9b kilometre) with the company's semi-autonomous Autopilot systems engaged, a new report says. First covered by Electrek, a team from MIT Human-Centered AI has produced (and is still updating a report) estimating the distance covered by Tesla vehicles operating with Autopilot turned on...


Electric GT Tesla hits the track - video
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Electric GT Tesla hits the track - video

After being given the green light in February this year, the Electric GT race series is gearing up to kick off in November. We know what the cars will look like, and we know how much power they'll have (580kW/995Nm), but the question of how a heavy, battery-electric Tesla translates to the racetrack still needs answering...


Tesla Model 3 gets 'Summon' functionality
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Tesla Model 3 gets 'Summon' functionality

Tesla has wirelessly added its 'Summon' functionality to the Model 3, allowing owners of the affordable electric baby to remotely park their cars in tight spaces. The news was revealed on Twitter, but it wasn't announced on Elon Musk's feed. Instead, Tesla tweeted a video of an owner remotely parking his Model 3 in a very skinny garage, and said "Summon now available in Model 3"...


Tesla Model 3: 5000-car week achieved
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Tesla Model 3: 5000-car week achieved

Tesla has built 5000 Model 3s in a week – thanks in part to a hastily-erected tent in the brand's Fremont factory parking lots – marking the completion of an Elon Musk promise. The strong Model 3 output, combined with good demand for Model S/X, drove second-quarter production to 53,339 vehicles, a new record. Meeting the goal hasn't been easy for Tesla...


Jaguar I-Pace vs Tesla Model X drag race - video
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Jaguar I-Pace vs Tesla Model X drag race - video

Jaguar made headlines with an I-Pace vs Model X drag race when its new, all-electric SUV was revealed earlier this year. The first mass-produced Jaguar electric vehicle comfortably accounted for the Tesla Model X 75D and 100D, but the P100D (you know, the really fast one) was a notable absentee...


Tesla to lay off nine per cent of workforce
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Tesla to lay off nine per cent of workforce

Tesla will cut thousands of jobs in search of reduced costs and strong profit margins, as part of a restructure promised by Elon Musk last month. In an internal email to staff, the company's CEO said the cuts were "almost entirely made from [its] salaried population and no production associates were included" which, if the email is to be believed, shouldn't impact Model 3 production numbers...


Tesla Autopilot: Elon Musk promises 'full self-driving features' by August
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Tesla Autopilot: Elon Musk promises 'full self-driving features' by August

Elon Musk has taken to Twitter promising some 'full self-driving features' will be rolled out as part of an August update for Tesla's Autopilot driver assist system. At the moment, Autopilot is limited to Level 2 automation. Although stories about Tesla 'drivers' sleeping and sitting in the passenger seat – and, unfortunately, crashing while reliant on the system – abound, Autopilot is only meant to operate under constant driver supervision...


International Engine of the Year: Ferrari, Peugeot, BMW among winners
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International Engine of the Year: Ferrari, Peugeot, BMW among winners

Ferrari has scooped International Engine of the Year for the third year running, beating out Porsche and Tesla (yes, really) for the honour. The 3.9-litre bi-turbo V8 from the 488 GTB, GTB Spider and Pista scored 486 points from the judges, comfortably beating out the 3.0-litre turbocharged flat-six engine in the Porsche 911 (198 points) and the 6...


Tesla Model X: Autopilot could be at fault in fatal accident
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Tesla Model X: Autopilot could be at fault in fatal accident

A preliminary report from the US National Transportation Safety Board (NTSB) says Autopilot may have steered toward the dividing barrier on US Highway 101 before a fatal accident involving a Tesla Model X earlier this year. It's worth mentioning up front, the investigation isn't complete, and the NTSB hasn't nailed down a probably cause for the crash...


Tesla Model 3: Deposit refund data revealed, teardown shows production cost
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Tesla Model 3: Deposit refund data revealed, teardown shows production cost

Tesla's profit margins – or rather, its constant losses – have been the subject of countless column inches, but no-one has done the maths on what a Model 3 actually costs to build. That is, no one had until WirtschaftsWoche broke down four Model 3s in what Elon Musk described as the "best analysis of Model 3 to date"...