SAN RAMON — Tesla is working on new battery technology that CEO Elon Musk says will enable the company within the next three years to make sleeker, more affordable cars that can travel dramatically longer distances on a single charge. But the battery breakthroughs that Musk unveiled Tuesday at a...
Tesla Announces Plans To Sell up To $5B in New Stock Shares
DETROIT — A day after its 5-for-1 stock split took effect, Tesla announced plans Tuesday to sell up to $5 billion worth of common shares. The electric car and solar panel maker said in a filing with securities regulators that it intends to sell up to 10.03 million shares and...
Walters: Short-Circuiting the Legislative Process for Electric Cars
The 2020 session of the California Legislature is radically different from any other in the state’s 170-year history, thanks to the COVID-19 pandemic. Legislators abandoned the Capitol last spring after giving Gov. Gavin Newsom carte blanche authority and a billion dollars to deal with the crisis. When they finally returned...
Tesla Picks Texas Site for Second US Vehicle Assembly Plant
Electric car maker Tesla Inc. has picked the Austin, Texas, area as the site for its largest auto assembly plant employing at least 5,000 workers. The new factory will build Tesla’s upcoming Cybertruck pickup and will be a second U.S. manufacturing site for the Model Y small SUV, largely for...
Tesla's Battery Supplier Says It's Made a Battery That Can Last 16 Years and 1 Million Miles
[aggregation-styles] Business Insider Tesla's battery supplier says it's made a huge breakthrough in battery technology that could power electric-vehicle sales for years to come. Contemporary Amperex Technology Ltd., the Chinese car-battery giant that supplies Tesla and Volkswagen, is ready to produce a battery that can last 16 years and 2...
Tesla’s Musk Defies Lockdown Order, Restarts Calif. Factory
FREMONT — Tesla CEO Elon Musk is restarting the company's California factory in defiance of local government efforts to contain the coronavirus. In a tweet Monday, Musk practically dared authorities to arrest him, writing that he would be on the assembly line and if anyone is taken into custody, it...
NTSB Blames Drivers, Tesla, Lax Regulations in Florida Crash
DETROIT — The National Transportation Safety Board says two drivers, Tesla and lax regulation of new partially automated driving systems are to blame for a fatal 2019 crash in Florida involving a Tesla on Autopilot. The NTSB, in a report issued Thursday, said the design of the Autopilot system contributed...
NTSB: Tesla Autopilot, Distracted Driver Caused Fatal Crash
WASHINGTON — Tesla’s partially automated driving system steered an electric SUV into a concrete barrier on a Silicon Valley freeway because it was operating under conditions it couldn't handle and because the driver likely was distracted by playing a game on his smartphone, the National Transportation Safety Board has found....
Tesla Is Working on New ~110 Kwh Battery Pack for More Than 400 Miles of Range
[aggregation-styles] Electrek Tesla is working on a new ~110 kWh battery pack, its largest yet, and it should bring the range of some of its electric vehicles to more than 400 miles on a single charge. During Tesla’s 2019 Shareholder’s Meeting last month, CEO Elon Musk said that he sees...
Tesla Offers $2B in Added Shares, Stock up Despite Dilution
DETROIT — Shares of Tesla rose a bout 1.5% in trading Thursday morning after the electric vehicle and solar panel maker said it would sell over $2 billion worth of additional shares. The sale takes advantage of the company's meteoric stock rise in the past eight months. It comes just...