Musk Says China Factory Announcement Coming Soon

During Wednesday’s Q1 earnings call, Tesla CEO Elon musk dropped a few new details on the company’s factory plans. After China recently said it will allow full foreign ownership of auto factories, Musk announced on the call that Tesla’s next Gigafactory will be built in China. In fact, Musk offered thanks to the Chinese government for… Continue reading Musk Says China Factory Announcement Coming Soon

Job Posting Appears for Tesla’s Model Y Program

Tesla posted a job opening specific to the Model Y, the company’s upcoming electric crossover SUV, showing efforts are ramping up for the vehicle this year as planned. According to the posting, “The New Programs Engineering, Design Engineer is responsible for designing, developing, and delivering prototype level components and systems for the Tesla Model Y… Continue reading Job Posting Appears for Tesla’s Model Y Program

Report: Tesla’s Plan for a Chinese Factory in Trouble

Tesla said last year that it was working with Shanghai’s government on a plan to build a factory in China, however a Bloomberg report says the deal may be in jeopardy. Bloomberg cites people with direct knowledge of the situation saying the two sides disagree on the factory’s ownership structure. China’s central government says the plant must… Continue reading Report: Tesla’s Plan for a Chinese Factory in Trouble

Tesla to Inject Capital Into Model Y SUV Program, Will Leverage Learnings From Model 3

While it’s still battling production woes with the Model 3, Tesla is already looking ahead to the Model Y compact SUV. Tesla CEO Elon Musk said on this week’s Q4 earnings call that capital investments for the Model Y will ramp up in the second half of 2018. He said the company still hopes to… Continue reading Tesla to Inject Capital Into Model Y SUV Program, Will Leverage Learnings From Model 3