Tag "tesla"

Tesla acquires automated equipment maker Perbix Machine Company

By : CIOL Writers

At a time when Tesla is struggling to meet the targets for Model 3 production, the automaker has acquired Perbix, an automated equipment maker and supplier it’s been working with for the past few years. Financial terms of the deal were

Tesla posts record quarterly loss with sluggish Model 3 production

By : CIOL Writers

When Tesla reported its third-quarter financial results on Wednesday, it missed earnings forecasts by quite a bit. The company posted wider-than-expected loss at $619 million as it spent heavily to ramp up production of its Model 3, its first mass market electric

Tesla fires hundreds of employees from its SolarCity unit: Report

By : CIOL Writers

After firing thousands of employees from its motor vehicle division, Tesla has reportedly fired more employees from its SolarCity division, according to a report from CNBC. Tesla says that the firings are part of a normal performance review, but a

Tesla fires hundred of employees after annual performance review

By : CIOL Writers

Tesla Motors has fired between 400 to 700 employees after completing its annual performance review, as reported by the Mercury News. The firing of the employees comes at a time when the company is planning to ramp up the production

Tesla delays semi truck unveiling to focus on Model 3 production

By : CIOL Writers

Tesla CEO Elon Musk has announced that the unveiling of the electric semi truck will now be held on November 16 and not October 26 as previously teased. Apparently the production issues with its new car, the Model 3 are

Tesla said to be working on its own AI chip for self-driving cars

By : CIOL Writers

In a bid to reduce its dependence on Nvidia, Tesla is developing its own AI processor to power self-driving cars, reports CNBC. Presently, Nvidia supplies graphic processing units (GPUs) which power Tesla’s Autopilot and future self-driving system. According to the report,

Elon Musk to unveil Tesla’s all-electric semi-truck on October 26

By : CIOL Writers

Tesla which had earlier set September as the timeframe for the grand launch of its all-electric semi-truck is now going to unveil the big rig on October 26. The new date has been confirmed by Tesla CEO Elon Musk in

Tesla working on self-driving technology for electric semi truck: Report

By : CIOL Writers

Tesla is working on self-driving technology for its forthcoming electric semi truck, according to a Reuters report. The report, citing Tesla’s correspondence with Nevada Department of Motor Vehicles (DMV), says that the technology would allow the electric semi truck to

Tesla looking to raise $1.5bn to boost Model 3 production

By : CIOL Writers

Tesla is looking to raise about $1.5 billion in bond offerings as the electric car manufacturer ramps up the production of its Model 3 sedan. “We plan to offer senior notes due in 2025 and would use the offering’s proceeds

Tesla posts better than expected revenue in Q2

By : CIOL Writers

Tesla posted $2.79 billion in revenue for Q2, beating Wall Street’s estimates, as deliveries of its high-end all-electric Model S sedans and sports utility vehicle Model X continued to grow. The Silicon Valley carmaker said it lost $336.4 million, or $2.04 a share,

Tesla adds James Murdoch and Linda Johnson Rice to its board of directors

By : CIOL Writers

Tesla has announced that it has added two new independent directors to its board including 21st Century Fox CEO James Murdoch and Linda Johnson Rice- the CEO of Johnson Publishing Company and Ebony Media Operations. The appointments expand Tesla’s board to

The X-Factor: Elon Musk is the proud new owner of X.com

By : CIOL Writers

No, we aren’t talking about the British music reality show The X-Factor here and neither the above-mentioned URL has got any thing to do with it. The news here is that Elon Musk has bought the domain name- X.com but

Tesla CEO Elon Musk unveils his latest possession, the Model 3

By : CIOL Writers

Elon Musk, the CEO of Tesla has finally got possession of the long-awaited mass market electric car Model 3. The CEO tweeted pictures of the new vehicle, which he only got because the actual first pre-order customer gifted Musk his place

Elon Musk’s first tunnel is all set to go live this week

By : CIOL Writers

Elon Musk’s ‘boring’ plans (pun unintended) are finally coming to fruition as The Boring Company is done carving out its first segment. Musk announced the news on Twitter, where he said “Godot,” the Samuel Beckett inspired name of the company’s

Tesla may soon come up with its own music streaming service

By : CIOL Writers

Tesla, the electric carmaker, is planning to create its own music streaming service, according to a report from Recode. Apparently, Tesla CEO Elon Musk is in talks with major music labels about creating a streaming service that would come bundled

Tesla hires Andrej Karpathy to lead AI and Autopilot Vision

By : CIOL Writers

Over the past few months, Tesla’s Autopilot division has been plagued with management problems. Adding to the exodus is Chris Lattner who was hired six months back to lead the Autopilot software team at Tesla. A Tesla spokesperson confirmed the departure

Tesla Motors is well on its way to India

By : CIOL Writers

Electric Carmaker Tesla is in talks with the Indian Government to get tax exemptions from import duties until a factory is built. The company’s CEO and founder Elon Musk sent out a tweet confirming the same. In discussions with the

In a shareholder meeting, Tesla CEO Elon Musk talks about Model Y, drops first teaser

By : CIOL Writers

At the annual shareholder meeting, Tesla CEO Elon Musk released a teaser about an upcoming all-electric crossover vehicle – Model Y. According to the teaser, Model Y seems a lot bulkier and more strongly built than its previous models. Musk

Tesla may not reach Indian shores this summer

By : CIOL Writers

In a massive disappointment for many Tesla fans in the country, the much-awaited Tesla’s debut or the electric car revolution in India may have been indefinitely postponed. Though Tesla CEO Elon Musk had hoped to launch the Tesla Model 3

Elon Musk teases Tesla’s electric semi-truck at TED talk

By : CIOL Writers

Speaking at 2017 TED Conference in Vancouver, Tesla CEO Elon Musk shed light on many of his companies’ ongoing project that included tunnelling work and a forthcoming electric semi-truck. Elon Musk teased semi-truck at TED talk. pic.twitter.com/sY0w7KSsTx — Johana Bhuiyan (@JMBooyah) April 28,