Tag Archives: model

Tesla says has not received subpoena on Model 3 production

Tesla says has not received subpoena on Model 3 productionTesla 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.



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Tesla under US criminal probe for Model 3 comments: source

Tesla under US criminal probe for Model 3 comments: sourceUS criminal investigators are probing whether Tesla Motors misled investors about the timetable for meeting key car production targets, a person familiar with the matter said Friday. The investigation was the yet another tangle with federal authorities for the electric automaker, whose share price was repeatedly buffeted earlier this year after a series of erratic-seeming comments by Chief Executive Elon Musk. The probe, which has been underway since earlier this year, concerns whether the automaker told investors it was on track with targets for the closely-watched build-out of the Model 3 car despite knowing it could not meet such goals, The Wall Street Journal reported Friday.



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Tesla shares jump on Model 3 numbers, Musk deal

Tesla shares jump on Model 3 numbers, Musk dealTesla 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.



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The Tesla Model 3 follows its predecessors and gets a NHTSA perfect safety rating

The Tesla Model 3 follows its predecessors and gets a NHTSA perfect safety ratingThe 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.



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2019 Audi E-Tron Electric SUV Looks to Take On Tesla Model X

2019 Audi E-Tron Electric SUV Looks to Take On Tesla Model XAudi 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…



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Ford Model T Buying Guide

Ford Model T Buying GuideHere’s how to buy a solid Ford Model T, a prime slice of Americana and one of the most significant cars in motoring history…



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Exclusive: Tesla hits Model 3 manufacturing milestone, hours after deadline – factory sources

Exclusive: Tesla hits Model 3 manufacturing milestone, hours after deadline - factory sourcesTesla 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.



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Tesla hits Model 3 production target, backs profit view

Tesla hits Model 3 production target, backs profit viewTesla, 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.



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Tesla cutting 9% of staff; layoffs not to affect Model 3 production

Tesla cutting 9% of staff; layoffs not to affect Model 3 productionElectric 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.



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Kidnapper's conviction seen as vindication for UK model

Kidnapper's conviction seen as vindication for UK modelMILAN (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.



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