Tesla borrows $520m from Chinese state-owned lenders for Shanghai Gigafactory
The electric carmaker has signed 12-month credit agreements with three of China’s ‘Big Four’ lenders as well as the development bank for Shanghai as it aims to get its lower-priced Model 3s rolling off the production line by the end of the year.
Tesla begins construction of GW factory in China
The US electric car maker wants to start production of its Model 3 in the Chinese factory. Next year, according to high-profile CEO Elon Musk, mass production of electric cars will start there.
Tesla announces Australian telecom executive to replace Musk as board chair
No, Rupert Murdoch’s son will not be running the world’s largest EV maker.
Elon Musk to step down as Tesla chair
Under the terms of a settlement with the Securities and Exchange Commission (SEC), Musk will be ineligible to serve as chair for three years. The deal also involves a US$40 million penalty and structural changes at Tesla.
US financial regulator sues Elon Musk
The U.S. Securities and Exchange Commission has alleged that Musk’s tweets were false and misleading, and is pushing to have him barred from serving on the board of Tesla or any other public company.
Elon Musk scraps plan to take Tesla private
The company’s shares have returned to a level slightly above where they were prior to the August 7 announcement.
Report shows Tesla’s US battery gigafactory booming
The report found over 3,200 employees working at the factory at the end of 2017, and US$3.7 billion in invested in the plant.
Saudi Tesla backers could be about to invest in EV rival
With PIF having distanced themselves from rumors they will help Elon Musk take Tesla back into private ownership – although that claim is disputed – the Saudi wealth fund may be about to write a big cheque to California-based Lucid Motors.
Saudis may take Tesla private
Elon Musk has revealed that a Saudi sovereign wealth fund has approached him with a definite offer, and has announced advisors as the company forms a special committee.
Tesla begins production of Solar Roof tiles at New York gigafactory
The company also says that it has begun installation of the Solar Roof on the homes of non-employee homeowners.
