Elon Musk’s brainchild Tesla is planning to sell around US$2 billion worth of stock to fund tax debts and to help push along the production of the upcoming Model 3. The Palo-Alto-based car manufacturer is expecting to raise around $1.7 billion after fees, which it hopes will accelerate the production […]
Tesla Model 3
Tesla Model 3 production to commence July 2017, Musk stresses
With over 400,000 reservations for the more affordable Model 3, all eyes are on Tesla to see if it can make good on its promise to deliver cars by late next year. Due to the much higher than anticipated order numbers, the company is going back to the drawing board […]
FCA boss Marchionne questions Tesla Model 3 profitability
Outspoken sweater-brandishing head of Fiat Chrysler Automobiles Sergio Marchionne has defied the tide of almost universal praise and applause directed at the Tesla Model 3, questioning its profitability. Tesla has set records for the most amount of orders in the shortest amount of time, with orders now approaching 400,000 since […]
Editorial: Tesla likened to Apple, Elon Musk to Steve Jobs?
Just like Apple reinvented the phone, Tesla, a 13 year-old US-based company, is attempting to reinvent the automobile, and setting industry-firsts in the process. I, like most of the automotive world, tuned in live for Tesla’s unveiling of the Model 3 and boy was it different from your average unveiling. […]
Tesla sales up 50% for Q1 2016, Model X delayed by parts shortage
Tesla sold 14,820 vehicles globally in the first three months of this year, up an impressive 50 per cent compared with the same first-quarter period in 2015. A majority of the sales came from the Model S sedan, contributing 12,420 units, with 2400 Model X crossovers. The company expects to […]
Tesla receives 180,000 pre-orders for Model 3 in 24hrs, takes in US$7.5 billion
Following the public unveiling of the all-new Tesla Model 3 yesterday, company CEO Elon Musk has sent out a tweet confirming there has since been 180,000 pre-orders. The Model 3 will be quite different vehicle to the Model S and Model X, both of which helped the company raise revenue […]
Tesla Model 3 officially revealed
Tesla has just revealed the hugely anticipated Model 3 mid-size premium sedan. This is the electric vehicle alternative to the popular BMW 3 Series and Mercedes C-Class. As this has been such a buzz with fans we’ll just get straight to the facts. Power comes from a single electric motor […]
Tesla Model 3 0-60mph in under 4.0 seconds, Australians line up to order
Hype for Tesla’s most important new car ever, the Model 3, has reached frenzy, as we count down the hours to its unveiling by Elon Musk tomorrow. Reservations have already begun in Australia, with one Sydney resident, Andreas Stephens, camping Apple-style out the front of the St Leonards dealership just […]