Tag Archives: model
Tesla says has not received subpoena on Model 3 production
Tesla Inc has not received a U.S. subpoena related to its Model 3 production forecasts, the electric carmaker said on Friday, following a report that it faced a deepening criminal probe about the projections. The company has cooperated in responding to what it called a “voluntary request” for documents from the Department of Justice in September, a Tesla spokesperson said. “We have not received a subpoena, a request for testimony, or any other formal process, and there have been no additional document requests about this from the Department of Justice for months,” the spokesperson said in an email.
Tesla shares jump on Model 3 numbers, Musk deal
Tesla fans cheered the signs of a manufacturing jump while business analysts said the company needed to fulfil the spirit of the settlement by appointing a strong independent chair and new directors. The electric carmaker’s shares sank last week after the U.S. Securities and Exchange Commission accused Musk of securities fraud and sought to ban him from company leadership, pointing to a long drawn-out fight that could have undermined Tesla’s operations and ability to raise capital. Instead, under a settlement announced at the weekend, Tesla and Musk will pay $ 20 million each to the regulator and Musk will step down as chairman but stay as CEO, keeping one of America’s best-known corporate figures in place.
The Tesla Model 3 follows its predecessors and gets a NHTSA perfect safety rating
The NHTSA (US National Highway Traffic Safety Administration) tested the safety of the Tesla Model 3 sedan and, just like the Model S and Model X, the car has received perfect 5-star ratings in every category. Tesla describes safety as, “the most important part of the overall Model 3 design” and with nothing rated below 5-stars in all categories from the NHTSA, which published the results this week, the Model 3 gets an overall safety rating of 5-stars with zero recalls. The side crash rating was broken down into two main categories: the side barrier and side pole ratings.
2019 Audi E-Tron Electric SUV Looks to Take On Tesla Model X
Audi has unveiled its first-ever full-electric production car, the E-Tron, allowing the brand to join a growing group of European automakers that are readying electric offerings to take a swipe a…
Ford Model T Buying Guide
Exclusive: Tesla hits Model 3 manufacturing milestone, hours after deadline – factory sources
Tesla Inc nearly produced 5,000 Model 3 electric sedans in the last week of its second quarter, with the final car rolling off the assembly line on Sunday morning, several hours after the midnight goal set by Chief Executive Elon Musk, two workers at the factory told Reuters. It was not clear if Tesla could maintain that level of production for a longer period of time. Tesla did not immediately respond to a request for comment.
Tesla hits Model 3 production target, backs profit view
Tesla, which Chief Executive Elon Musk hailed on Sunday as having become a “real car company,” said it now expects to boost production to 6,000 Model 3s per week by late August, signaling confidence about resolving technical and assembly issues that have plagued the company for months. The electric carmaker’s shares rose as much as 6.4 percent to $ 364.78 in early trading, after Tesla said it produced 5,031 Model 3 cars in the last seven days of the second quarter. Money-losing Tesla has been burning through cash to produce the Model 3, and delays have also potentially compromised Tesla’s first-to-market position for a mid-priced, long-range battery electric car as a host of competitors prepare to launch rival vehicles.
Tesla cutting 9% of staff; layoffs not to affect Model 3 production
Electric carmaker Tesla Motors announced Tuesday it was cutting nine percent of its workforce to enhance profitability but said the move would not affect an ambitious production ramp-up of its Model 3 sedan. The job cuts are part of a company-wide restructuring to address excess staff in some areas due to the company’s speedy growth, Tesla chief Elon Musk said in an email to employees. The cuts concern salaried staff but not production workers and will not affect Model 3 output targets, said Musk, who characterized the downsizing as an acknowledgement of the need to focus more on costs.
Kidnapper's conviction seen as vindication for UK model
MILAN (AP) — An Italian court convicted a Polish man Monday of kidnapping a 20-year-old British model for ransom, rejecting the defendant's claim that the abduction was staged to boost the victim's career.
Tesla under US criminal probe for Model 3 comments: source
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