Elon Musk faces calls to resign over Walmart solar fires
Elon Musk is facing calls from short sellers to resign as Tesla chief executive over allegations that its solar panels caused numerous fires at Walmart stores. Tesla has come under…
Walmart sues Tesla after 7 of its stores catch fire
Walmart is suing Tesla over accusations that seven of its solar systems installed on top of stores have caught fire.
Tesla’s stock dipped more than one per cent after Walmart…
Tesla set to raise $2bn through stock offerings to keep its head above water
Tesla has announced plans to raise about $2 billion in capital through debt and stock offerings, as the car makers struggles to keep its head above water. Earlier this week…
Tesla expected to embark on fresh funding round as debt pressure grows
Tesla is beggining to feel the pressure of a growing debt pile and may soon need to embark on a further funding round to stay afloat. The electric car maker…
Tesla reports largest sales drop in its history as shares plummet
Tesla shares have dive-bombed as much as nine per cent this morning as the electric car maker revealed the largest decline in deliveries in its history. In the three months…
Tesla will only shut stores which are “empty most of the day”
Tesla’s chief executive Elon Musk has sought to clear up the confusion surrounding its plans for store closures and its shift online making a U-turn on his original plans. In…
Tesla makes another U-turn on customer referral scheme
Tesla has made another dramatic U-turn on its consumer facing practices, announcing its set to bring back its referral programme after scrapping it in February. The electric car retailer scrapped…
Tesla delays 3% price hikes
Tesla has announced that the upcoming three per cent price hike on all of its models bar the Model 3 will be delayed. Due to an influx of last-minute orders,…
Tesla makes dramatic U-turn on store closures
Tesla has made a dramatic U-turn on its decision to close all of its physical stores, stating that it will now raise the price of some of its models in…
$8 billion wiped of Tesla’s value following shock announcement
Tesla’s abrupt announcement last week that it was to close most of its physical stores reportedly came as a surprise to most staff whose jobs are now under threat. The…