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After posting a profitable fall quarter, Tesla returned to spending more than it made. However, its fourth quarter losses, announced on Wednesday, were substantially less than originally assumed by analysts. The electric carmaker’s stock price continued to climb during the final three months of 2016, despite losing $448 million from its operations.
Tesla has been throwing a lot of money at projects and acquisitions. It recently purchased SolarCity and Grohmann Engineering, so going into the red was to be expected. However, the dark cloud looming in the distance isn’t related to capital — it’s about production. Read More >
Tesla Motors CEO Elon Musk knows a unionized workforce would add another variable to his lofty, carefully crafted production plans, and an unpredictable one at that: labor strife.
Until now, the electric automaker’s top boss has fended off the possibility in a progressive-sounding way, but a simmering unionization movement, which reared its head this week, shows no signs of abating. Since the appearance of a scathing blog post written by a Tesla assembly plant worker, Musk has found himself on the defensive. A paid union agitator, Musk claimed, wrote the post to rile employees. Then the UAW jumped into the fray.
Now, it’s one big battle. Musk likely wishes a recently introduced bill to amend the National Labor Relations Act was on his side. Read More >
Some employees at Tesla Inc.’s Fremont, California factory have been moving ahead with efforts to unionize. Fronting that campaign is Jose Moran, who claims to have worked at the plant for the last four years. He and other disgruntled Tesla employees have reached out to the United Automobile Workers, claiming they work long hours for low pay under unsafe conditions as the company pursues aggressive production deadlines.
While Tesla’s CEO has responded with his own claim that Moran was paid by the UAW to join his company and proselytize for a union, the organization promptly refuted that suggestion by accusing Tesla of spreading dreaded “fake news.” Read More >
Tesla is planning to halt vehicle production for one week in February to prepare for Model 3 pre-production, which the company says will begin February 20.
According to Reuters, the short-term shutdown of its Fremont, California assembly plant will give Tesla time to add capacity to its paint shop as it plans for full-scale production of the Model 3.
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In the world of corporate automotive name changes, this one isn’t on the same level as, say, anything involving Chrysler over the past 10 years.
Tesla Motors, builder and purveyor of tech-laden ecomobiles, isn’t the same fledgling company it was when the Tesla Roadster was still a hazy promise a few could conceive of an automaker offering home energy products on the side.
Now that its business umbrella covers both vehicles and the offerings of recently acquired SolarCity, the company needs to change things up. Well, just the name, really. Read More >
The former director of Tesla’s Autopilot program has choice words for his former employer.
Sterling Anderson is being sued by Tesla for stealing confidential information, which he allegedly put to use at a new autonomous vehicle start-up. According to Bloomberg, the electric automaker isn’t happy about his attempts to hire away Tesla employees, either.
In his response to the suit, Anderson doesn’t have very nice things to say about Tesla. Read More >
2016 wasn’t just a disappointing year for celebrities.
After stating that it would place between 80,000 and 90,000 vehicles in the hands of adoring customers before year’s end, Tesla failed to clear the delivery bar it had set for itself. While production numbers crossed the threshold, 2016 deliveries fell short, numbering only 76,230.
Still, the electric automaker — which has set much loftier production goals for the near future — doesn’t seem too concerned. Read More >
Tesla announced Friday that it will impose an additional fee of forty cents per minute on vehicles left idle in a Supercharger space for more than five minutes.
The new expense is apparently another attempt by the company to clamp down on the habitual misuse of its charging network. Since many Supercharging locations are literally parking spots and a Model S takes longer to “refuel” than a gas-powered car, it makes sense that Tesla drivers might wander off to search for coffee. Read More >
For a company that prides itself on clean performance, a massive lawsuit and public claims of less-than-advertised power wasn’t great PR.
Tesla just swept an annoying bit of litigation into the dustbin of history by promising a different kind of green to 126 Norwegian owners, all the while claiming it did nothing wrong. Read More >
With lengthy repair times, parts shortages, and colossal distances between locations, Tesla is having real difficulties effectively servicing its current customer base as complaints begin to mount.
While certainly unfortunate news, this will be nothing compared to what it will face when the upcoming Model 3 starts needing the EV equivalent of an oil change.
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Tesla’s free Supercharger network was one of the best parts of being a Tesla owner. Free electricity and the lofty social status that comes with EV ownership? What’s not to like? Well, the the company just announced it’s about to make a “change to the economics of Supercharging.”
After issuing emails urging customers to stop hogging the network last year, Tesla has decided only to allow certain early adopters to make use of the fast-juicing power grid free of charge. Meanwhile, all customers purchasing vehicles after January 2017 will have to pay up.
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Tesla’s Model S 60 has come and gone only to show up again as the “bargain” Tesla, even though it’s actually just a cheaper Model S 75 with a stingy computer.
Now, inside information suggests it’ll be going up in price even if you decided not to add the company’s cool new transparent roof. With the automaker seemingly hoping to squeeze every last buck out of its lineup, the top-flight versions of both of its models have now been propelled into the pricing stratosphere.
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My wife and I visited the Bay Area a couple of weeks ago. Our plan was open-ended and started with a one-way ticket to Oakland and two nights at the Westin in Union Square. Since parking in San Francisco is expensive, we decided to forgo renting a car at the airport and took an Uber into the city.
After exploring the city for a bit, we decided to head up north and visit some wineries. One of the more convenient options to rent a car for the day is the new Audi On Demand service, so we picked up an A4 and headed north.
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A severe head-on crash in Indianapolis last night claimed the lives of two people — but because it’s a Tesla, the story made national news.
According to the Indianapolis Star, the Model S impacted a tree, throwing debris 150 yards and starting a fire that consumed the vehicle. This isn’t a story about whether the vehicle or its electronic systems may have caused the crash — police made it clear that speed was a factor.
Rather, the aftermath of this crash shows what firefighters face when the lithium-ion battery pack in an electric car catches fire. Read More >
Are you an absolutely shameless individual who is sick to death of walking and loves gimmicks? Ford has you covered with an entry from what it has dubbed a “Cult of Disruption Innovation.”
That, there’s a certain popular Japanese vehicle built in Canada that won’t be going to Europe (thanks to the United States), Tesla is now inexplicably in the glass making business, and minivans are in danger of going seatless in the event of a supplier strike… after the break!
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