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Tesla CEO Elon Musk is coming through on his pledge to raise $1.5 billion for ramping up production of the Model 3. He was able to raise $600 million in just a few hours meeting with bond buyers in Manhattan on Monday, according to investors briefed on the matter. It was part of a four-day […]

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Tesla has remained tight-lipped about the true battery size and power output of its new Model 3 sedan, but preliminary findings from the Environmental Protection Agency have revealed some of its specs. According to the EPA documents, which were obtained by InsideEVs, the rear-wheel drive Model 3 has a permanent magnet electric motor that produces […]

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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 is leading U.S. electric vehicle sales, striding forward in Europe and China, and not spending any real money on advertising. How is that done? Automotive News did a think piece exploring the question. Word-of-mouth referrals and free media coverage are getting the word out on the electric carmaker, and it led to over 500,000 […]

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Germany wants to rival Tesla’s Gigafactory in battery production to power millions of upcoming electric vehicles and for storing renewable energy. TerraE Holding GmbH will choose a company out of five candidates next month to build a 34 gigawatt-hour battery factory, according to TerraE’s chief executive Holger Gritzka. The former ThyssenKrupp executive led a consortium […]

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The Chevy Bolt beat the Tesla Model S 75D and its own U.S Environmental Protection Agency rating in driving range. Consumer Reports took a Chevy Bolt and a Tesla Model S out on the highway for test drives. The Bolt won with 250 miles of range versus 235 miles for the Model S 75D; and […]

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Tesla is changing course to launch the Model Y sooner, with the compact crossover’s platform being carried over from the Model 3. Previously CEO Elon Musk said the Model Y would be built on its own platform, and the company would be able to hit an ambitious target date in 2019. He also showed a […]

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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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What with cars like the 238-mile Chevy Bolt and 215-plus mile Tesla Model 3 making BMW’s 81-114-mile range i3 look a bit short-legged, the German carmaker may infuse a bit more range into its small EV. According to a “source,” BMW Blog says BMW is upgrading the battery pack from 94 Ah to 120, possibly […]

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General Motors has extended a shutdown of the plant building the Chevy Bolt in a move to trim an oversupply of GM vehicles. The Detroit automaker saw its overall new vehicle inventory hit a 10-year high in June. Promises were made to investors to scale it down from a steep 105 days supply to 70 […]

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