Tesla beats revenue estimates on record deliveries

SAN FRANCISCO, April 20 (Reuters) – Tesla Inc results (TSLA.O) surged past Wall Street expectations on Wednesday, as higher prices helped insulate the electric vehicle maker from supply chain chaos and rising costs. Tesla has been an outlier since the pandemic outbreak, posting record deliveries and earnings for several quarters when rivals wrestling with global … Read more

Tesla profits soar as customers pay more

Tesla has been raising prices – but that hasn’t seemed to dent demand for its electric cars. Despite the firm facing higher costs, profits at Elon Musk’s electric car company soared to $3.3bn (£2.5bn) in the first three months of the year, as customers proved willing to pay more. The firm’s deliveries were up 68% … Read more

Tesla moves to pause California agency’s race bias lawsuit

April 19 (Reuters) – Tesla Inc (TSLA.O) has asked a California judge to pause a state agency’s lawsuit that accuses the electric car maker of widespread race discrimination at its flagship assembly plant, saying the state must further investigate the claims and allow a chance to settle the litigation. Tesla in a filing in state … Read more

Tesla resumes production at Shanghai factory, Xinhua reports

A Tesla sign is seen at its factory in Shanghai, China, May 13, 2021. REUTERS/Aly Song/File Photo SHANGHAI/HONG KONG, April 19 (Reuters) – Electric car company Tesla Inc (TSLA.O) resumed production at its Shanghai plant on Tuesday, the Xinhua News Agency reported, after a stoppage of more than three weeks because of the city’s COVID-19 … Read more

Tesla earnings under pressure from Shanghai factory halt

Tesla China-made Model 3 vehicles are seen during a delivery event at the carmaker’s factory in Shanghai, China January 7, 2020. REUTERS/Aly Song/File Photo SAN FRANCISCO, April 19 (Reuters) – Tesla investors on Wednesday will be keeping an eye on whether the electric car company maintains its ambitious 2022 delivery target as the biggest factory, … Read more

Tesla, others prepare Shanghai factory restarts as city aims to ease lockdown

SHANGHAI, April 18 (Reuters) – Manufacturers including Tesla (TSLA.O) began preparing on Monday to reopen their Shanghai plants as China’s most populous city speeds up efforts to get back to normal after a nearly three-week COVID shutdown. Still, most workers will have to live onsite, and there was no immediate word how factories will deal … Read more

Tesla looks to resume production at Shanghai plant on April 18 -sources – Reuters

Tesla China-made Model 3 vehicles are seen during a delivery event at the carmaker’s factory in Shanghai, China January 7, 2020. REUTERS/Aly Song SHANGHAI, April 15 (Reuters) – Tesla (TSLA.O) is preparing to resume production at its Shanghai plant on Monday following a three-week stoppage, having received the go-ahead from local authorities, two people familiar … Read more