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Tesla (TSLA) to suspend Model Y production in China through end of year

Reuters reports today, citing an internal memo and people with knowledge of the matter, that Tesla (NASDAQ: TSLA) will suspend Model Y assembly at its Shanghai plant between Dec. 25 and Jan. 1.

The interruption of assembly at the end of the month would be part of a cut in planned production of about 30% in the month for the Model Y,... More

Tesla’s (TSLA) Elon Musk tasks top China executive to aid ramp at Texas gigafactory

According to a late Wednesday report by Bloomberg, Tesla (NASDAQ: TSLA) CEO Elon Musk has asked longtime executive and the company's president in China, Tom Zhu, to help run the carmaker's new plant in Austin, Texas as the facility prepares to ramp... More

Tesla (TSLA) to shorten shifts and delay hiring at Shanghai plant

Bloomberg reports this morning, citing people familiar with the situation, that electric vehicle company, Tesla (NASDAQ: TSLA) will shorten shift hours at its Shanghai factory and has delayed on-boarding of new staff. The report has shares trading down almost 2%.

According to the... More

Tesla (TSLA) Launches two EVs in Thailand

American electric vehicle maker, Tesla (NASDAQ: TSLA) has launched two models in Thailand on Wednesday as the car maker continues its expansion into the Asian market. The announcement marks the companys first venture into a region that has long been dominated by Japanese... More

Tesla (TSLA) offers additional price cuts in China through end of year

A company representative from Tesla (NASDAQ: TSLA) announced on Wednesday that the electric vehicle maker will be offering a limited time discount of 6,000 yuan ($859.20) to Chinese buyers on some models through to the end of 2022.

The discount comes in addition to a previously... More