With production of electric vehicles and batteries about to explode, Straubel says his ultimate goal is to "make a material impact on sustainability, at an industrial scale"
Each tranche gives Musk the option to buy 8.44 million Tesla shares at $70 each, about a sixth of their current price
The company produced 1,28,044 Model 3 and Model Y vehicles and delivered 1,24,100 of those
Tesla Inc chief executive Elon Musk indicated on Friday that the U.S. electric carmaker will make a foray into India in 2021
Tesla's new battery cell is key to achieving the goal of cutting battery costs in half and ramping up battery production nearly 100-fold by 2030
Musk acknowledged that Tesla does not have its ambitious new vehicle and battery designs and manufacturing processes fully complete
Tesla expects to eventually be able to build as many as 20 million electric vehicles a year
Microsoft Corp, Apple Inc, Alphabet Incand Facebook Inc, which together have fueled Wall Street's rally since the pandemic slammed markets in March, all rose more than 1 per cent
Many analysts and industry officials expected Musk to unveil battery improvements at the widely-anticipated event
Musk's goal has been to learn enough - from partnerships, acquisitions and talent recruitment - to bring key technologies under Tesla's control
Toyota, one of the world's biggest carmakers, began operating in India in 1997. Its local unit is owned 89% by the Japanese company and has a small market share
The electric car maker Tesla is set to showcase "many exciting things" at its Battery Day on September 22, Elon Musk has said
Tesla is planning to export China-made Model 3 vehicles to Asian and European markets, two sources familiar with the matter told Reuters on Friday.
A company spokesman told reporters Tesla would open at least one more inner-city fast charging site in Germany in 2020, possibly more
Analysts said the Nasdaq's ability to hold its 50-day moving average, a technical support level, was key in reversing the market's direction.
(Reuters) - Tesla Inc shed about $80 billion of its market value on Tuesday, an amount that overshadows the combined value of General Motors Co and Ford Motor Co , after its surprise exclusion from the S&P 500 index.
Tesla shares fell as much as 20 per cent in intra-day trade on Tuesday, the biggest one-day loss since early February
VW's modular electric-drive matrix platform gives the carmaker a "huge" advantage," as it can build any vehicle of any brand on it, Osterloh said
Investors have gone back and forth on whether Son, 63, is a true visionary or more of a gambler
Sensex, Nifty shed over 1.5% in intra-day trade