Tesla Stock News

Tesla CEO Elon Musk has emailed employees outlining the companys strategy in handling end of quarter deliveries for Q4, which should focus on efficiency. The Read more The post Elon Musk Outlines Teslas Q4 Delivery Strategy to Employees: Email appeared first on TeslaNorth.com .

DNB Asset Management AS increased its stake in Tesla, Inc. (NASDAQ:TSLA) by 19.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,516 shares of the electric vehicle producers stock after acquiring an additional 23,403 shares during the period. []

An unusual abundance of EV market leaders right now prompts Tesla''s CEO Elon Musk to respond.

Fortem Financial Group LLC lessened its position in Tesla, Inc. (NASDAQ:TSLA) by 5.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,642 shares of the electric vehicle producers stock after selling 100 shares during the period. Fortem Financial []

PA Home A "Total Loss" After Charging Tesla In Driveway Spontaneously Combusts Once again, an inanimate Tesla has burst into flames. The latest incident comes from Upper Dublin, Pennsylvania, where a charging Tesla in the driveway of a home reportedly caught fire, resulting in what could be a "total loss" of the home it was parked at. The Tesla was parked in a driveway and caught fire at about 10:30pm, the report from Patch says . ABC also posted video of the incident: The Fort Washington fire department was dispatched to the scene at about 10:19 after a report of a vehicle on fire. When they arrived at the scene, fire was "eminating from the rear of the Tesla" and had made its way to the house and the attached garage, the report says. There was "extensive damage" to the vehicle and the house. Photos posted to the Fort Washington fire department''s website show a car engulfed in flames. CBS later reported that the home was a "total loss" following the incident. It''s the second incident of a Tesla catching fire in the Philadelphia suburbs this year.

Tesla paid its $465 million loan from the US Department of Energy nine years early, and by doing so, the company had to pay an early repayment penalty. This was mentioned recently by CEO Elon Musk in a comment on Twitter. Musks remark came as a response to news from Germany, which noted that Tesla [] The post Tesla got a penalty when it paid back its $465 million DoE loan nine years early appeared first on TESLARATI .

This Christmas, you might actually like to wake up and find some new socks underneath the tree. Tesla has added new Cybertruck and Wordmark socks to their online store. The Cybertruck socks come in [] The post Cybertruck and Wordmark socks added to Tesla Shop appeared first on Drive Tesla .

Tesla started deliveries of the Model Y Performance in China this week. The new lucky owners have already discovered a number of surprises, like the new AMD Ryzen processor previously found only in the Model [] The post Tesla Model Y Performance in China gains double pane rear windows appeared first on Drive Tesla .

Xiaomi only announced its electric car plans in March, but it already has grand ambitions. According to Reuters , the economic development agency Beijing E-Town has confirmed that Xiaomi will build an EV factory in the city capable of producing up to 300,000 vehicles per year. The plant will be built in two phases and should start mass production in 2024. The company will also set up its EV headquarters, research and sales divisions in Beijing, the agency said. Xiaomi already plans to use its retail stores to help sell cars. There are still many unknowns for Xiaomi''s car strategy, including the initial models and international expansion. The successful tech brand expects to invest the equivalent of $10 billion in the EV division over 10 years, but hasn''t shared much detail beyond that. The Beijing factory says more it suggests Xiaomi intends to become a mainstream (if initially small) EV manufacturer that competes not just with Chinese rivals like Nio and Xpeng , but significant foreign automakers like Tesla .

NEXT Financial Group Inc raised its stake in Tesla, Inc. (NASDAQ:TSLA) by 12.8% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 14,692 shares of the electric vehicle producers stock after buying an additional 1,670 shares during the quarter. Tesla makes up about 0.9% of NEXT Financial Group []

Tesla Withdraws Application For $1.3 Billion In Subsidies For Its German Gigafactory Tesla is officially giving up on $1.3 billion in German subsidies it had hoped for, officially withdrawing an application for state-sponsored funding, according to Yahoo News . The subsidies were supposed to be for the EV manufacturer''s new battery-cell plant it is setting up, Tagesspiegel newspaper reported. The plant is being set up in Brandenburg, close to Berlin. "Germanys Economy Ministry had already approved the aid package as per the European Unions IPCEI battery-innovation program," Bloomberg wrote Friday morning. Details were sparse as to why the application was pulled. A spokesperson for the economy ministry said: "Tesla continues to stick to its plans for the battery factory in the Gigafactory Berlin-Brandenburg, but will do without state IPCEI funding." Recall, this summer, we commented on the ongoing war between Tesla and German environmentalists who were trying to prevent the erection of the plant.

Elon Musk, Tesla CEO Patrick Pleul/picture alliance via Getty Images

One of the worlds smartphone-making majors, Xiaomi, expects to break into the ever-expanding electric vehicle market in establishing a Beijing plant capable of producing as many as 300,000 vehicles a year, from as soon as 2024. Read Full Article at RT.com

They aren''t household names yet, but Rivian and Lucid are two auto startups attracting a lot of buzz and loads of money.