Tesla’s latest earnings report was loaded with good news: the company’s sixth straight quarter, and first full year, of profitability; increased sales ($31.5 billion in 2020, compared to $24.6 billion in 2019); a healthy cash position ($19.4 billion as of year-end, compared to $6.3 billion at the end of 2019); and plausible plans for steady… Read more »
Posts Tagged: Tesla
As an Engineering Director at Tesla, Joe Mardall led the development of a heat pump system that has been lauded as one of the most innovative new features of Model Y. Now Mardall has resigned his position at the California carmaker to become Head of Engineering at Zipline, a drone maker and aerial delivery service… Read more »
S&P Dow Jones Indices has announced that Tesla will be added to the benchmark S&P 500 index. “TSLA will be added to the S&P 500 effective prior to the open of trading on Monday, December 21, to coincide with the December quarterly rebalancing effective date,” the financial institution drily proclaimed. The California carmaker’s market cap… Read more »
Tesla is using the same reservation system for the Tesla Semi as it has used for its previous vehicles. By requiring a cash deposit with each pre-order, the company is able to bring in some cash before it even begins production. It’s a model that other automakers can only envy (and it does benefit customers… Read more »
The good news just keeps rolling in for Tesla. This week a Massachusetts Superior Court judge dismissed a lawsuit that the Massachusetts Automobile Dealers Association had filed against the company, based upon the auto dealers’ lack of standing and failure to state a claim. Tesla plans to build its own network of stores, rather than… Read more »
Abu Dhabi National Energy, a mostly state-owned firm in the United Arab Emirates, announced this week that it is selling its seven-percent stake in Tesla Motors [Nasdaq:TSLA].
The fun started when Wunderlich Securities analyst Theodore O'Neill took a tour of Tesla's California headquarters factory on Friday.
Peter Rawlinson, Tesla’s vice president and chief engineer, and Nick Sampson, who was in charge of vehicle and chassis engineering, left this month for personal reasons.
The stock price of Tesla Motors (NASDAQ: TSLA) has gone into overdrive lately, gaining six percent over the last week, while the NASDAQ index showed a slight loss.
The Obama administration has agreed to a complete third-party review of all the Department of Energy loans that have recently kept the electric teapot on the boil. Of course, the star of the show will be the half billion bucks that swirled with stinky solar startup Solyndra. Also under the mediascope will be loans to… Read more »