Tesla

Last week the US released new unemployment figures which suggest that the pace of recovery from the coronavirus recession is slowing. And over the weekend Donald Trump said he was looking to curb the US’s economic relationship with China, an announcement that could herald more trade disputes ahead. … [Read more...] about Tesla shares plummet 17% as investors sour on tech sector

The automaker has said its EVs are about 10 times less likely to experience a fire than petrol-powered cars, based on its fleet of more than 500,000 vehicles which have driven more than 10bn miles. It did not specify whether the statistic referred to normal use or involving accidents. … [Read more...] about Tesla investigates video of Model S car exploding

A federal probe was started after a 12th Tesla crash in December was believed to be tied to the auto pilot system. The technology at the time was suspected in four fatal accidents. … [Read more...] about Passenger inside autopilot Tesla breathes huge sigh of relief as car smoothly dodges lane-swerving truck on Vegas highway and averts crash

Coronavirus' top winners: From Netflix to Tesla In top gear Tesla has emerged as the most valuable automaker amid the pandemic, eclipsing Toyota and Volkswagen, despite selling only a fraction of cars sold by the traditional behemoths. Tesla shares rose more than 100% in the second quarter during which the carmaker's sales topped estimates thanks to a rapid ramp-up in production at its Shanghai plant, which remained largely unaffected by the pandemic. … [Read more...] about Tesla overlooked for S&P 500, stock tumbles by around one-fifth

However, eight years ago the fund managers James Anderson and Tom Slater began investing heavily in Tesla, when the shares were changing hands at about $6 each. This week they were trading at about $350, although significantly down from their peak of $498 in late August. … [Read more...] about Electrifying returns: Scottish firm makes £12.8bn investing in Tesla