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Tesla’s Stock Soars After Its Historic Split

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Investors’ most common complaint with Tesla’s stock has been expensive share prices. However, that’s all about to change. The electric automaker announced late Tuesday that they are planning to split stocks 5-for-1 to make them more affordable for investors. The split will be effective on August 31st, and those who own Tesla stock by August […]
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EV

New EV Competitors Try to Dethrone Tesla

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The EV market has been dominated by Tesla in 2020, with little resistance from any other company in the market. However, Elon Musk’s auto brand is certainly setting the stage for an all-electric arms race. Legacy OEMs and new startups are emerging as contenders in the all-electric market. As the boundaries for EV models continue […]
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cybertruck

Five Fast Facts About Tesla’s New Cybertruck

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This past week, you would have had to have been under a rock to not hear about Elon Musk’s latest creation. His futuristic Cybertruck, a modern and sleek reimagining of the pick-up truck, has been making waves on and offline. From the infamous “glass shattering” incident to the materials used to make this truck, there […]
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Tesla

Tesla Scores Huge Win in Virginia—How This Development Could Impact...

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The journey of Tesla’s direct-to-consumer business model has been filled with court cases. Their approach to selling cars is nothing short of disruptive to the current status quo. However, the electric car company recently scored a win in Virginia. The Virginia Automobile Dealers Association appealed a 2016 court decision that allowed Tesla to open a […]
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Tesla

Tesla Scrambles to Raise Funds with Bond and Stock Sale

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Days after announcing massive losses for the previous quarter, Tesla has now announced plans to raise about $2.3 billion in new capital to increase liquidity and continue to work towards being the most prominent force in electric autos. In an investors’ call on May 2, CEO Elon Musk claimed that Tesla is going to be […]
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Tesla

Tesla Announces a $702 Million Loss for Q1

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Expert expectations for Tesla’s Q1 2019 numbers were never very promising, but the $702 million net loss the company announced may exceed the expected losses. The dismal numbers show the greatest loss Tesla has ever reported over a single quarter. Reuters noted that Tesla had already announced it would post a loss for Q1 and […]
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Tesla

Tesla’s Latest Move: Cutting 7% of Its Workforce

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Elon Musk and Tesla are making headlines yet again with Musk recently sending a letter to employees notifying them that their jobs might be in jeopardy. Ryan Browne of CNBC reported that Musk’s letter stated bluntly that other than cutting 7% of jobs, “there isn’t any other way” to reach Tesla’s goal of making its […]
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Tesla

Who are the Buyers behind Tesla’s Earth-Shattering Q3 Earnings?

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If you paid any attention to the news last month, it would have looked like the end of the world was coming for Tesla. Elon Musk appeared to have gone rogue with threats of buying back the publicly owned company and making it private, once again. Elon made these comments without consulting (or consent from) […]
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Tesla

Tesla’s Q3 Delivers, But Can They Sustain This Pace?

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Despite CEO Elon Musk having quite a bit of legal trouble lately, Tesla has released some good news – the company’s delivery number for Q3 was 83,500. This equaled about 80% of the number of vehicles delivered in the entire year of 2017 and included the delivery of 55,840 Model 3 sedans. Upticks in production […]
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Model 3

Tesla Launches Direct Delivery Initiative To Answer Model 3 Demand

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It’s no secret that Tesla has been having difficulty meeting the production and delivery demands for its Model 3 customer reservations, which prompted industry experts to question Tesla’s longevity earlier these year. While the production crisis appears to be under control for the time being, some customers have received new notifications that the delivery of their car has […]
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