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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. Funding secured...

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

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

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

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

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

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

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"...

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

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

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...