Nov 13, 2019

Elon Musk announces new Tesla factory in Germany

Photo: Yichuan Cao/NurPhoto via Getty Images

Tesla CEO Elon Musk announced Tuesday that the electric automaker's planned European factory will be located near Berlin, Germany.

Driving the news: It marks the Silicon Valley electric automaker's second international plant, joining a recently launched facility in China.

  • Musk said the plant would build batteries, powertrains and cars, starting with the planned Model Y, a small SUV.
  • The company hopes to have the plant running in 2021, according to multiple reports.

Why it matters: Tesla will "compete with some of the world’s biggest auto makers on their home turf," the WSJ notes.

  • "The move takes the great electric car race to Volkswagen's backyard," CNN writes, noting VW's heavy investments in EVs.

What they're saying: “It’s strategic to lure German automotive talent to Tesla, and it’s a statement that Elon wants to one-up auto companies from that region," Gene Munster of the VC firm Loup Ventures tells Bloomberg.

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Tesla to debut its long-awaited electric pickup truck

Tesla will take the wraps off its long-awaited pickup truck in Los Angeles Thursday night.

Why it matters: Pickups are enormously popular with U.S. consumers, but Tesla will have competition in this space even if electric trucks become a thing. Ford and GM are also both working on models, too.

Go deeperArrowNov 21, 2019

Elon Musk found not guilty in defamation lawsuit

Elon Musk in court in Los Angeles. Photo: Apu Gomes/Getty Images

Tesla CEO Elon Musk prevailed in a jury trial on Friday over whether his tweets calling a cave expert a "pedo guy" constitute defamation, and he will not be held liable for damages, according to multiple media reports.

Why it matters: Musk is no stranger to getting into trouble for his tweeting habits. Earlier this year, he and Tesla had to pay $20 million settlement each to the Securities and Exchange Commission after he wrote false claims about Tesla financing.

Go deeperArrowDec 6, 2019

Tesla ushers in the electric pickup moment

Photo: Tesla

Tesla unveiled its futuristic "Cybertruck" at an L.A. event on Thursday that was heavy on light shows, yet analysts remain in the dark about the future of electric pickups — and Tesla's role in it.

Why it matters: The event was the splashiest sign yesterday that automakers are moving closer to bringing electric models to the huge pickup market.