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Tesla Model Y to be unveiled on March 15

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Tesla Model Y to be unveiled on March 15

Tesla has confirmed a launch date for the latest addition to its pure-electric range, with Elon Musk announcing the Model Y SUV will be launched in Los Angeles on March 14, California time. Elon Musk, Tesla CEO, made the announcement over his favourite medium, Twitter...

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Elon Musk gets cryptic, Tesla stocks rise
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Elon Musk gets cryptic, Tesla stocks rise

Tesla's mercurial founder and CEO, Elon Musk, has sent Tesla stock soaring with a cryptic triptych of tweets. We'll know more on Thursday 2pm, California time, but Musk – rebranded Elon Tusk on Twitter, naturally – has promised "Some Tesla news". In most cases, that wouldn't be news. But after the tweet made its way around the world Tesla stocks rose by almost 6...


SEC calls for Elon Musk to be held in contempt over tweet
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SEC calls for Elon Musk to be held in contempt over tweet

The US Securities and Exchange Commission (SEC) has reportedly asked a judge to hold outspoken Tesla CEO, Elon Musk, in contempt for violating his settlement with the agency with a tweet last week. Bloomberg reports that the tweet in question, made on February 19 (US time), violates the settlement Musk made with the SEC last year that required him to seek pre-approval from the company for social media posts and "other written communication that would be material to the company or investors"...


Mercedes-Benz talking with Tesla on LCVs, Geely on cooperation
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Mercedes-Benz talking with Tesla on LCVs, Geely on cooperation

Dieter Zetsche, outgoing CEO of Daimler, parent company of Mercedes-Benz and Smart, has said talks regarding electric commercial vehicles "are happening" with Tesla The two carmakers have been in contact since November, when Elon Musk, CEO of Tesla, tweeted: "Maybe interesting to work with Daimler/Mercedes on an electric Sprinter. That’s a great van...


Tesla bumps up Supercharger prices - UPDATE
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Tesla bumps up Supercharger prices - UPDATE

Tesla has jacked up the prices of its Superchargers around the world, having last week cut its workforce and ended its long-running referral program. Discovered by Electrek and confirmed by the company, fee increases of 33 per cent are being reported on Superchargers in some American states. In Australia, the average price for charging will jump from $0...


Tesla slashes workforce, ends referral program
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Tesla slashes workforce, ends referral program

Elon Musk, Tesla CEO, has confirmed the company will shed about seven per cent of its workforce to "advance our mission", described as "accelerating the advent of sustainable transport and energy, which is important for all life on Earth"...


Tesla drops 75D versions of Model S, Model X
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Tesla drops 75D versions of Model S, Model X

Tesla will be dropping the entry-level versions of the Model S and Model X from January 14, the company's CEO has confirmed via Twitter – as usual. Elon Musk tweeted that customers have until the end of the coming weekend (ending January 13) to place their order for a 75kWh Model S or Model X...


Elon Musk: Tesla driving with 'no driver input' coming soon - UPDATE
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Elon Musk: Tesla driving with 'no driver input' coming soon - UPDATE

Elon Musk has boldly claimed Tesla cars will soon be capable of full autonomy, tweeting his vehicles will "be able to go from your garage at home to parking at work with no driver input at all". As with all Musk tweets, there's not a whole heap of detail about what that looks like and when it'll actually happen...


Elon Musk: Tesla was weeks from death
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Elon Musk: Tesla was weeks from death

Elon Musk, outspoken CEO of Tesla, has confirmed the company was close to running out of cash as it dealt with numerous production issues surrounding its Model 3 sedan. In an interview with the Axios news program, which airs on HBO, Musk said, "The company was bleeding money like crazy [earlier this year], and if we didn’t solve these problems in a very short period of time, we would die"...


Tesla names Telstra executive as new chairwoman
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Tesla names Telstra executive as new chairwoman

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. Musk was compelled to relinquish his role as chairman in a deal with the US Securities and Exchange Commission over his false assertion on Twitter that he had secured funding to take the company private...


Tesla Model 3 coming to Australia in 'mid-2019'
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Tesla Model 3 coming to Australia in 'mid-2019'

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...


FBI investigating Tesla's Model 3 production targets
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FBI investigating Tesla's Model 3 production targets

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...


Tesla Model 3 drives first profitable quarter since 2016
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Tesla Model 3 drives first profitable quarter since 2016

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 Model 3: ‘Mid-Range’ sedan launched
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Tesla Model 3: ‘Mid-Range’ sedan launched

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 buys land for first Chinese factory
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Tesla buys land for first Chinese factory

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)...


Tesla: James Murdoch firming as chairman candidate - report
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Tesla: James Murdoch firming as chairman candidate - report

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 stands down as Tesla chairman in SEC settlement
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Elon Musk stands down as Tesla chairman in SEC settlement

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...


US government sues Elon Musk, may be removed as Tesla boss
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US government sues Elon Musk, may be removed as Tesla boss

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...


Tesla under criminal investigation over 'going private' tweets
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Tesla under criminal investigation over 'going private' tweets

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...


Tesla cancels plans to go private
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Tesla cancels plans to go private

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...