Tag Archives: Automobiles

Tesla gets a boost after $2.7 billion offering

Tesla has increased the size of its stock and bond offering to $2.7 billion, and CEO Elon Musk has raised the amount of stock he’d be buying, sparking an additional rise in the controversial electric-car company’s share price. The company’s … Continue reading

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Despite big losses, Tesla plans new products

Tesla today reported wider-than-expected financial losses in the first quarter — due to what the company said were delivery challenges, a seasonal dip in demand and the unanticipated effects of pricing decisions. Despite the downturn from what had been a … Continue reading

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Tesla’s Elon Musk unveils Model Y crossover SUV

Tesla CEO Elon Musk finished spelling out an all-electric acronym by lifting the veil on the Model Y, a crossover SUV that’s due to hit the market in the fall of 2020. “We are bringing ‘sexy’ back, quite literally,” he … Continue reading

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Tesla sells $35,000 cars and shifts to online sales

Tesla is finally following through on its pledge to sell its Model 3 electric cars at the standard price of $35,000, but says it’s shutting down on-the-spot showroom sales to remain “financially sustainable” at the lower price point. Going forward, … Continue reading

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Tweets get Tesla’s Elon Musk in trouble again

Tesla CEO Elon Musk is in trouble again with the Securities and Exchange Commission, this time over a 13-word tweet. The SEC filed a motion in federal court on Feb. 25, claiming that a tweet that Musk sent out last … Continue reading

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Tesla places future bets of Model Y — and China

As big as the Model 3 electric car is for the future of Tesla, the sport utility vehicle known as the Model Y could be bigger, according to CEO Elon Musk. “I would expect that the demand for the Model … Continue reading

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GM Cruise works to get Seattle operation in gear

The Seattle “tech talk” sponsored this week by GM’s autonomous-vehicle subsidiary, Cruise Automation, had all the hallmarks of a recruiting event for software engineers, plus an extra twist: the self-driving Chevy Bolt that was parked outside the Flatstick Pub in Pioneer … Continue reading

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