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Tesla is serious enough about needed cashflow for hitting Model 3 production targets to ask for its first-ever round of junk bonds. Tesla executives started roadshows today meeting with investment fund managers to raise about $1.5 billion in high-yield junk bonds, according to the IFR financial publication. Production will be ramping up soon to make […]

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Tesla workers behind a unionization effort sent a letter yesterday to board members expressing concerns over safety and financial risks as Model 3 production ramps up. Workers sent the letter to independent board members to hold CEO Elon Musk accountable three days after the first 30 deliveries were handed over to Tesla employees. Prior to […]

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A worker safety advocacy group says that injuries at Tesla’s Fremont, Calif.-based plant are much higher than the industry average. The findings by Worksafe looked at the years 2014 and 2015, with a preliminary study of 2016 data finding injury reports to be on a similar track. The advocacy group studied reports filed the federal […]

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Tesla CEO Elon Musk reportedly fired its German engineering company’s founder last month after disputing over the firm’s business strategy. According to two source familiar with the matter speaking with Reuters, Klaus Grohmann, founder and CEO of Grohmann Engineering, fought with Musk over keeping the firm’s legacy clients, which included Daimler and BMW. Musk wanted […]

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Lithuanians have produced a video with a virtual production plant to entice Tesla to build its next factory in their country. Vladas Lasas and 41 other Lithuanian gamers used the Lego-like Minecraft video game as a model for telling the story of how that factory would be set up in their country. The Lithuanians called […]

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Tesla Motors may be setting up a manufacturing plant in Shanghai to serve the China market. An unnamed source has told Bloomberg that Jinqiao Group, a Shanghai government-owned company, has signed a non-binding memorandum of understanding with Tesla that will lead to a $9 billion factory investment in the area. Tesla and Jinqiao Group will […]

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Tesla Motors may be approaching a 100,000 cars per year production target through reaching a steady 2,000 cars per week level, based on off-the-record comments. According to an article published yesterday in Electrek, that information was revealed by a Tesla product specialist who mentioned the 2,000-cars-built-per-week number to Tesla owners at a “Tesla Weekend Social” […]

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Elon Musk’s bold statement that Tesla Motors will produce 500,000 electric vehicles per year by 2018 has been called into question by several sources close to the issues. According to a Reuters report citing analysts and supplier executives who asked not to be identified, Tesla’s ambitious plan calling for moving up high-volume Model 3 production […]

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The city of Fremont, Calif., home to Tesla Motors’ factory plant, is adding more charging stations to accommodate its growing number of electric vehicle drivers. Two new dual-port DC fast charger stations and six Level 2 dual-port charging stations have been installed in Fremont. The fast chargers came through a collaboration between the City of […]

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Tesla plans to double its production in Europe, opening a larger assembly plant in the Netherlands complete with an indoor test track. “We outgrew our last facility in Tilburg very quickly,” said Tesla CEO Elon Musk at the plant’s grand opening in late September. “I suspect with everything that’s going to happen in the future, […]

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