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Tesla's losses mount, but company plans to open one new showroom every four days
Tesla released its most recent quarterly financials, and like the 12 previous quarters, the ink on the page was all red. The company's net loss amounted to $293 million--substantially higher than the $184 million shortfall recorded on June 30, 2015. Revenue climbed dramatically, from $955 million...Read More»
Tesla puts Master Plan in action, reaches $2.6 billion deal to merge with SolarCity
Over the past 24 hours, rumors began circulating that Tesla would announce details of its anticipated merger with SolarCity today. And lo, the rumors have proven true: this morning on the Tesla blog, the automaker posted information about the massive, $2.6 billion deal. The two companies have...Read More»
Elon Musk's master plan 2.0 includes a defense of Tesla Autopilot (also: hello, Tesla Semi!)
On July 10, Tesla's outspoken CEO, Elon Musk, tweeted about a "Top Secret Tesla Masterplan, Part 2". The world wondered: what will such a plan include? Will it be exciting enough to distract everyone from three high-profile investigations of the company's Autopilot software, which has been linked...Read More»
Tesla Autopilot probe widens to include the SEC: Can Musk's secret plan fix this?
Less than two weeks ago, we reported on a fatal crash in Florida involving a Tesla Model S sedan in self-driving, Autopilot mode. The National Highway Traffic Safety Administration began its investigation of the collision on June 28, and yesterday, we learned that the National Transportation Safety...Read More»
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