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Tesla’s big Model 3 bet rides on risky assembly line strategy

Tesla Inc (TSLA.O) Chief Executive Elon Musk took many risks with the technology in his company’s cars on the way to surpassing Ford Motor Co’s market value. Now Musk is pushing boundaries in the factory that makes them. Most automakers test a new model’s production line by building vehicles with …

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GM remains most valuable U.S. car company, Tesla is No. 2

Tesla Inc (TSLA.O), whose market capitalization passed that of Ford Motor Co (F.N) on Monday, still trailed General Motors Co (GM.N) as the most valuable U.S. auto firm in mid-day trade on Tuesday. Tesla traded at $301.74 at mid-day and had a market capitalization of $49.1 billion, according to Thomson …

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Elon Musk mocks short sellers after Tesla stock surge

As Tesla Inc’s (TSLA.O) strong quarterly vehicle deliveries sent its stock to a record high on Monday, Chief Executive Elon Musk took a swipe at traders betting the luxury electric car company is on a road to ruin. “Stormy weather in Shortville …”, Musk tweeted after Tesla’s better-than-expected quarterly vehicle …

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Tesla delivers quarterly record of 25,000 vehicles in first quarter

Tesla Inc (TSLA.O), the U.S. luxury electric car maker, said on Sunday first-quarter vehicle deliveries jumped 69 percent from a year ago to a quarterly record of 25,000 vehicles, bouncing back from delays in the previous quarter. The company said of the total vehicles delivered, about 13,450 were Model S …

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Tesla says Model 3 on track for volume production by September

Tesla Inc (TSLA.O) said on Wednesday its mass-market Model 3 sedan was on track for volume production by September, encouraging investors who see the electric vehicle as the avenue to profitability for the young company. But the carmaker’s operations continued to burn through cash, and Chief Executive Elon Musk told …

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Tesla taps Apple engineer for Autopilot software

Electric carmaker Tesla Motors Inc (TSLA.O) has hired a key Apple Inc (AAPL.O) software engineer to oversee its Autopilot self-driving software efforts, Tesla said in a blog post Tuesday. Chris Lattner, who served at Apple for more than a decade, said in a online message to Apple developers on Tuesday …

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Tesla to buy Grohmann Engineering to ramp up automated manufacturing

Electric carmaker Tesla Motors Inc (TSLA.O) said on Tuesday it would buy German firm Grohmann Engineering to improve its automated manufacturing systems. The deal, whose financial terms were not disclosed, is expected to add over 1,000 engineering and skilled technician jobs in Germany over the next two years, Tesla said …

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Tesla says SolarCity would add $1 billion to 2017 revenue

Tesla Motors Inc (TSLA.O) said on Tuesday its $2.6 billion merger with SolarCity Corp (SCTY.O) would add over $500 million in cash to the electric carmaker’s balance sheet over the next three years, while contributing over $1 billion to revenue in 2017. Shares of Tesla fell another 2 percent in …

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Tesla says self-driving hardware to be built into all its cars

Chief Executive Elon Musk said on Wednesday all new Tesla Motors Inc (TSLA.O) models will come with hardware to enable them to be fully self-driving, as the Silicon Valley electric car company bids to be the first among many rivals to get autonomous vehicles on the road. The company said …

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Tesla says lawsuits may delay SolarCity deal

Tesla Motors Inc (TSLA.O) said on Monday its proposed acquisition of SolarCity Corp (SCTY.O) could be delayed because of shareholder lawsuits alleging board members breached their fiduciary duty, the latest hurdle to a $2.6 billion deal. The four lawsuits were filed by two individuals, a police pension fund, and a …

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