Tesla CEO Elon Musk is donating 1,200 ventilators from China to L.A.’s coronavirus fight

Elon Musk, the chief executive officer of Tesla Inc. and an outspoken skeptic of the severity of the coronavirus outbreak, donated more than 1,000 ventilators to officials in Los Angeles to meet demand as the pandemic becomes more severe. The billionaire said … Read more…

Tesla memo: Essential employees, including production, should still come to work

A new internal email at Tesla tells employees, “We have had conflicting guidance from different levels of government,” about how to operate during the covid-19 pandemic and shelter-in-place orders. Production employees told to work if they can. Tech BEST DEAL … Read more…

Tesla acknowledges ‘health epidemics’ as new risk in financial filing amid coronavirus outbreak

After estimating that the novel coronavirus (COVID-19) outbreak in China would only cause their business a week-and-a-half production delay, Tesla now acknowledges “health epidemics” as a material risk in their annual financial filing. Tech BEST DEAL UPDATE:

2.10.20 Tesla stock massive fluctuations; No-good debit cards; Small business ransomware needs skyrocketing

Some have lost a tremendous amount of their savings betting on Tesla. Know that betting on any one enterprise is risky – Apple, Amazon – stocks that become stories. Amazon went through a cycle that wiped some stock holders out. … Read more…

Exclusive: Tesla to take new $1.4 billion loan from Chinese banks for Shanghai factory – sources

U.S. electric vehicle maker Tesla Inc and a group of China banks have agreed a new 10 billion yuan ($ 1.4 billion), five-year loan facility for the automaker’s Shanghai car plant, three sources familiar with the matter said, part of … Read more…

Tesla Profit Tops Street, “highly Confident” To Meet Delivery Outlook, Shares Up

Shares of Tesla Motors Inc. (TSLA) surged 12% in extended trading session on Wednesday after the luxury electric car maker reported a surprise third-quarter profit, which trumped Wall Street estimates. Looking forward, the company said it is “highly confident” to … Read more…

Ford passes Tesla in market cap: Wall Street warms to 116-year-old car maker, doubts Musk’s future

Ford's big gains after its first-quarter earnings led the 116-year-old automaker to pass the market capitalization of Elon Musk's struggling electric-car maker, Tesla. The value of Tesla shares has fallen roughly 30% this year. Energy BEST LOAN UPDATE: Fast Funding. … Read more…

Tesla is seeking $167 million in damages from the former employee Elon Musk accused of sabotage

Tesla's legal battle with ex-employee Martin Tripp is turning even more acrimonious. The electric vehicle maker is now seeking $ 167 million in damages from the former process engineer, Nevada case filings reveal.  Tech BEST DEAL UPDATE: Shop the latest … Read more…

Tesla outsold Mercedes-Benz in the US last quarter and might actually turn a profit before 2019

Despite all of the drama surrounding Elon Musk’s tussle with the SEC, and despite Tesla’s early troubles ramping up Model 3 production, the company has slowly but steadily improved production across its entire vehicular lineup. During the recent September quarter, … Read more…