Tesla will build a factory in Europe once sales of its cars reach 160,000 a year in the region, CEO Elon Musk said.
Tag Archives: tesla
BMW launches i8 plug-in hybrid as Tesla shakes up green supercar segment
BMW has begun rolling out the plug-in i8 as rival Tesla Motors Inc. shakes up the market for luxury cars with alternative powertrains.
Tesla Gets Unsolicited S&P Junk Rating on ‘Niche’ Position
Tesla whose stock climbed fourfold last year, was slapped with a junk credit rating by Standard & Poor’s because of “considerable uncertainty” about its long-term prospects.
Tesla is About to Get A Lot Bigger
As you may already know, the world’s hippest electric car maker, Tesla (NASDAQ: TSLA), is about to broaden its revenue profile by building the world’s biggest rechargeable battery production facility.
Tesla 1Q loss totals $50 million as costs rise
Electric car maker Tesla Motors lost $49.8 million in the first quarter as it accelerated the development of its new crossover and made improvements to its Model S sedan.
Tesla said it produced a record 7,535 Model S sedans during the period and delivered 6,457 to customers, but higher costs led to a loss. Shares fell 7 percent to $187.50 in after-hours trading.
