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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.

German equipment suppliers take lead in European storage market, report says

German suppliers may still play a central role in providing residential storage systems, however the increasing number of Asian manufacturers on the European market is undeniable. Particularly in the U.K. and Italy, they have captured the lion’s share of sales.

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.

BMW, Tesla open factories in China, driving EV market in spite of trade-dispute

In the wake of the U.S.-China trade dispute, the Chinese government has loosened its policy on ownership caps for factory sites for foreign car brands. Previously, car companies could only retain 50% of the ownership of a factory and had to set up a joint venture with a Chinese partner. By setting up shop in China, Tesla can avoid import duties on its cars, to cater to a broader customer base.

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Panasonic mulls further investment in Tesla battery gigafactory as shortages loom

The suggestion of additional investments beyond the $1.6 billion follows reports of battery cell shortages as Tesla’s Model 3 picks up production. It is unknown what impacts this will have on Tesla’s stationary storage business.

Big storage goes metro: Tesla supplies 500 kWh to City of Sydney

The City of Sydney has installed the first large scale battery storage system to be located within the Sydney metropolitan are. Transgrid and the City collaborated on the project, which sees 500 kWh of batteries coupled with around 450 kWp of rooftop PV.

Tesla to lay off 9% of workforce, quit Home Depot

The company will return to selling solar primarily through its stores and online.

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