Elon Musk Reveals More Details About Taking Tesla Private

Tesla CEO Elon Musk took many of the company’s shareholders by surprise earlier this month when he tweeted that he’s considering taking the company private at $420 per share. He mentioned in the tweet that the funding for this transaction had been “secured.” Amid reports that Tesla was still in the process of locking down funding for the deal, Musk has now penned a detailed blog post to provide more […]


Tesla May Provide Security Code To Other Car Makers

Earlier this year, Tesla shared some code related to its Autopilot semi-autonomous driving system in addition to the kernels for the Autopilot boards as well as the infotainment system of the Model S and Model X that’s NVIDIA Tegra-based. Tesla CEO Elon Musk has now hinted that the company is open to sharing the code for its car security software with other car makers.


Elon Musk Reportedly Still Looking For Funding To Take Tesla Private

Elon Musk recently took Tesla’s shareholders and the market by surprise when he tweeted that he’s considering taking Tesla private at $420 per share. He also mentioned in the tweet that funding for this endeavor has been secured. However, a new report claims that Musk is still working to bring in sufficient financial support for this transaction which is expected to cost at least $50 billion.


Someone Swapped An Audi Engine With A Tesla Electric Motor

Engine swaps are nothing new for car enthusiasts but what’s certainly not common is for combustion engines to be swapped out for electric motors. That’s precisely what one daring enthusiast has done to his Audi. The V8 engine that this car came with was removed from the bay to make way for a Tesla motor which now powers this car.


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Elon Musk Is Considering Taking Tesla Private

Tesla has been a public company since 2010 and its CEO Elon Musk has now expressed his desire to take the company private. Communicating the desire through his preferred mode of communication, Musk tweeted that he’s considering taking Tesla private at $420 per share. That would not only require approval from the board and the shareholders but also a substantial amount of money. “Funding secured,” Musk added in the tweet.


Tesla Could Start Making Electric Car Batteries In Europe

Tesla could soon announce yet another international manufacturing facility. The company recently confirmed that it would set up a plant in China to manufacture its electric cars. A new report claims that Tesla is now in talks with authorities in Germany and the Netherlands to potentially build a Gigafactory in Europe. The Gigafactory is a facility where Tesla builds batteries for its electric cars.


Tesla’s Latest Product Is A Surfboard

Tesla is a company known for various “green” products, such as electric cars, solar roof tiles, battery packs for the home, and so on. Now it looks like the company is back with its latest zero-emission “vehicle” which comes in the form of a surfboard. We’re not sure if this is a gag product or just one made for fun, but it’s real.


Tesla Reportedly Asking For Money Back From Suppliers To Become Profitable

Many have questioned Tesla’s financial position. Its CEO Elon Musk has himself acknowledged that the Model 3 is the car that’s going to make or break it for the company. While Tesla has finally met its production goal for the Model 3 it’s yet to turn a profit. A new report reveals that the company is now asking for money back from its suppliers to become profitable.


Tesla Customers Will Soon Lose Federal Tax Credit For Electric Cars

Tesla customers have so far been able to avail the full $7,500 federal tax credit for electric cars but that’s going to change soon. Tesla has already delivered its 200,000th electric vehicle this month which has triggered a gradual phase-out of the tax credit for the company’s customers.


Tesla Model 3 Reservation System Dropped For North American Customers

Now that the company has finally met its production target for the Model 3, its first mass-market electric sedan, it’s finally dropping the reservation system for customers in the United States and Canada. There is a catch, though, as the system isn’t going to be taking orders for the $35,000 model.


Tesla Will Start Manufacturing Cars In China

Tesla has a lone assembly plant in the United States where all of its cars are built. It was expected that the company’s first overseas production factory might be in China and Tesla has now confirmed that it has signed a preliminary agreement with the Shanghai government to build a factory where it will manufacture its cars.


Tesla May Begin Promoting Its Model 3 Sedan

Tesla received hundreds of thousands of pre-orders for its first mass-market electric car, the Model 3, soon after it was unveiled. The company hasn’t done much to promote the car since then, there have been no marketing campaigns to speak of. That may be partly because the company had been very busy in sorting out the production issues that were preventing it from filling the pre-orders at the expected rate. […]


Elon Musk To Build A Kid-Sized Submarine To Rescue Boys Trapped In Cave

Some of you might have heard that Tesla and SpaceX CEO Elon Musk announced that he had dispatched teams from SpaceX and Boring Co to Thailand, where they would lend their assistance in rescuing the 12 boys and their soccer coach who are trapped inside a cave. Musk has been tweeting out some idea and it looks like he might have come up with a solution.


Tesla Rolls Out ‘Summon’ Autonomous Parking Mode To The Model 3

Tesla has now enabled its Model 3 sedan to park itself. The company has confirmed that the “Summon” autonomous parking mode is rolling out now for the Model 3. Tesla Model 3 owners can use this mode to pull their car into and out of a parking spot. The feature can even control garage doors so the car can be taken out of the garage even while you’re in the […]