Car buyers interest in electric vehicles (EVs) peaked following disruptive protests by environmental activists Extinction Rebellion in London last month.
Many of us expected Q1 loses for Tesla last week, but I for one hadn’t anticipated such eye-wateringly bad figures. The firm lost over $700m in the first quarter of 2019, one of its worst quarterly results ever.
Tesla has halved the number of stores it plans to close as part of a cost-cutting drive which would help it fulfil a $35,000 (£26,975) price promise for its Model 3 EV saloon car.
Tesla continued to tease potential customers with the surprise launch of a new roadster, claiming that the new addition will be “fastest production car ever made” when launched in 2020.
Hitwise has reported results that online searches for Tesla Model 3 soared by 345% in July, making it the most talked about EV on the market.
Tesla has delivered the first batch of its entry-level Model 3s but the company is facing considerable production challenges to meet consumer demand.
Tesla has announced a bond sales which will attempt to raise £1.15 billion needed to fund the “rapid scaling” required to ramp-up production of its Model 3 EFV saloon.
Tesla boss Elon Musk has said the company will be put through "production hell" to ramp up Model 3 production to a volume goal of 500,000.
