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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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Demand for Tesla vehicles could mean adding up to 20 new factories in the near-term future, Tesla CEO Elon Musk told shareholders on Tuesday. The company may need to add at least three and up to “as many as 10 or 20” new factories beyond the current Fremont, Calif., plant to meet expected demand. While […]

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Tesla has gained significant financial backing by way of a 5-percent investment by Chinese tech giant Tencent Holdings. The company’s $1.78 billion stake in the electric automaker, or about 8.2 million shares makes it Tesla’s fifth-largest shareholder. The first four largest shareholders consist of CEO Elon Musk and investment companies Fidelity, Baillie Gifford, and T. […]

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