Tesla says its working 24/7 on battery and solar installations in Puerto Rico amid an islandwide blackout. Tweets from the company and CEO Elon Musk say there are currently 1,000 Tesla batteries on the ground in Puerto Rico delivering power at 662 locations. The team is working to activate “several hundred” more. We currently have over…
It’s hard to imagine a Model 3 being born every 100.8 seconds. But, that will be the case if the company hits an aggressive new goal that CEO Elon Musk reportedly delivered in an email to workers. Among the plans outlined in the letter titled “Progress, Precision and Profit,” Musk says the company will move…
SpaceX will build the “Big Falcon Rocket” at the Port of Los Angeles, the city’s mayor announced this week. Officially announcing that @SpaceX will start production development of the Big Falcon Rocket 🚀 in the @PortofLA! This vehicle holds the promise of taking humanity deeper into the cosmos than ever before. #SOTC2018 pic.twitter.com/2TtGy9NERX — Mayor…
China said Tuesday it will allow full foreign ownership of automakers, a move that would allow Tesla to own its own production facility in the country. Restrictions will be lifted for electric vehicle manufacturers first, as soon as this year. Tesla would then be able to own a factory of its own in the country….
The Boring Company has raised $113 million in fresh capital, according to a regulatory filing. The company told Bloomberg that roughly $100 million of the total amount came from CEO Elon Musk and the rest from early employees. No no venture capitalists or outside investors participated. This is the first round of funding disclosed to the Securities…
Tesla’s Model 3 production line has shut down for four to five days, according to a report from Buzzfeed. A Tesla spokesperson said the assembly line is stopped to “improve automation.” According to Buzzfeed: The announcement of the four- to five-day production pause for Model 3 came without warning, according to Tesla employees who spoke…
Tesla published a blog post Monday in response to a report that the company has been undercounting injuries sustained by workers at its Fremont, Calif. factory. The report comes from Reveal, a news website produced by the Center for Investigative Reporting. Reporters spent months searching Occupational Safety and Health Administration injury and illness records, as well as…
Tesla CEO Elon Musk said in an early morning tweet that the electric car maker will be profitable and cash flow positive this year. The tweet was in reply to The Economist, which shared a story saying Tesla will need to raise $2.5 billion by the end of the year. The Economist used to be…
