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Tesla has appointed Robyn Denholm, currently chief financial officer and head of strategy at Telstra, as the automaker's new chairwoman, effective immediately. She will replace Elon Musk as Tesla's chair, who will remain as the company's CEO...
The Tesla Model 3 should start arriving in Australia during the middle of 2019, according to new tweets from company CEO, Elon Musk. Asked by a customer about when the 'affordable' electric sedan would be arriving locally, Musk responded with "around mid-2019" – actually sooner than the initial timeframe promised...
The US government is reportedly looking into whether aggressive production targets for the Tesla Model 3 were misleading for investors. Sources have told The Wall Street Journal the FBI (Federal Bureau of Investigation) is investigating whether the electric car maker misled investors with its ambitious production targets for the Model 3...
Concerns around unorthodox production methods, factory working conditions, build quality and delays have done little to dent interest in the Tesla Model 3, with the new more affordable car driving the brand to its first profit in years...
Tesla have commenced sales of its mid-range Model 3, priced from US$45,000 ($63,400). The previously-unannounced Model 3 will sit between the current Long Range and Performance models, and the yet-to-be-released entry-level model. The new variant comes in at US$9,000 ($12,650) cheaper than the Long Range, and will only be available with rear-wheel drive...
Tesla has announced the purchase of 860,000 square metres of land from the Shanghai government for a new Gigafactory. The news was revealed on the QQ social network overnight. According to land transaction records dug up by the Yuan Talks website, the plot of land cost 973 million yuan ($199 million)...
James Murdoch, ex-CEO of 21st Century Fox, is leading the race to replace Elon Musk as chairman of the Tesla board, according to a report from the USA. Reporting from the Financial Times, citing two people briefed on the discussions, places Murdoch ahead of Antonio Gracias, a long-time investor in the company and current lead independent director...
Elon Musk will pay a hefty fine and stand down as Tesla chairman for three years, after a US Securities and Exchange Commission (SEC) investigation into his tweets about taking Tesla private. Musk will remain CEO of the the company, but has to stand down as chairman of the board. He and Tesla will also each have to pay a US$20 million ($27,600,000) fine, after agreeing to a deal with the SEC overnight...
The US Securities and Exchange Commission (SEC) has filed a lawsuit against Elon Musk, CEO and chairman of Tesla, accusing him of fraud over tweets and statements he made in early August claiming he had secured funding to take the electric car maker private. According to the SEC, the Tesla CEO "had not discussed specific deal terms with any potential financing partners, and...
The US Department of Justice (DOJ) has opened a second investigation into Tesla, centred around Elon Musk's claims on Twitter funding was secured to take the company private. Two sources, speaking on the condition of anonymity, have told Bloomberg the DOJ is investigating statements made by Tesla and its CEO...
Late last week, Elon Musk, Tesla CEO, announced he had withdrawn plans to take the electric car maker private. In a blog post on the company's website, the outspoken boss stated he spent the last few weeks talking to advisors Silver Lake, Goldman Sachs and Morgan Stanley, as well as investors large and small...
A new report from investment banking company UBS has raised new concerns about the way Tesla is putting the Model 3 together, with analysts suggesting the issues can't easily be fixed. According to the report, the teardown revealed inconsistent gaps throughout the vehicle, bolts missing in certain places, zip ties used around the car's construction, different bolts being used for similar roles, loose panel and glass tolerances, and tough-to-close doors...
We've seen plenty of reports about life on the Tesla factory floor, and the brand's struggles with mass-production are well-documented. That makes a proper look inside the Fremont facility where the Model S, X and 3 are produced a seriously rare, seriously interesting proposition. YouTube personality MKBHD, better known as Marques Brownlee, was given a guided tour of the factory floor by Elon Musk himself...
When we’re not creating it ourselves, the CarAdvice team spends a lot of time finding and consuming motoring content from all over the world. Here’s a handful of the articles, videos and social media posts that most caught our eye last week. Some of them are brand-new, others have been online for a while...
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. Funding secured...
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...
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...
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 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...
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"...
