Tesla Inc. has delayed production of its much-awaited Cybertruck, aiming to start in 2023, chief executive Elon Musk said on Wednesday, at a time when rivals are doubling down on efforts to capture the lucrative market. The announcement comes as the electric-vehicle maker reported record quarterly revenue and 2022 deliveries growing more than 50 percent,…
Tesla Posts Record Profit, Won’t Produce New Models in 2022
DETROIT—Tesla Inc. on Wednesday posted record fourth-quarter and full-year earnings as deliveries of its electric vehicles soared despite a global shortage of computer chips that has slowed the entire auto industry. Although the company predicted it would be able to build 50 percent more vehicles than it made last year, CEO Elon Musk said the…
Tesla Sees Supply Chain Issues Throughout 2022 After Record Earnings
SAN FRANCISCO—Tesla Inc on Wednesday expected supply chain issues to continue through this year, after posting record quarterly revenue that beat Wall Street estimates. The stock fell 2.7 percent in after-hours trading. Revenue rose to $17.72 billion in the fourth quarter, from $10.74 billion a year earlier. Analysts had expected the electric-vehicle maker to report…
Ford Aims to Be the Tesla of Connected Commercial Vehicles
January 26, 2022
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DETROIT—Ford Motor Co. Chief Executive Jim Farley won applause from Wall Street by increasing the production target for the automaker’s electric F-150 to 150,000 a year, more than three times the original number. Now, Farley wants investors and commercial vehicle customers to pay more attention to the software and services Ford wants to sell with…
Moody’s Expects Tesla to Stay at EV Leader Spot, Upgrades to ‘Ba1’
Moody’s upgraded Tesla Inc.’s debt rating by two notches to “Ba1” from “Ba3” on Monday, reflecting the ratings agency’s expectations that the Elon Musk-led company will maintain its position as the leading battery electric vehicle manufacturer. Moody’s affirmed in a note that Tesla’s outlook remains positive and the company will continue to increase its scale…
Why Are America’s Wealthiest People Enabling Communist China?
Commentary If you happen to be a businessperson, and you happen to be an American citizen, and you find yourself close to investing in China, you might want to think again. That’s the opinion of Jeffrey Gundlach, an investor and businessman who founded DoubleLine Capital LP, a highly reputable investment firm. In an interview with Yahoo Finance, the…
Tesla Worker’s Death at Fremont Factory Being Probed: Report
January 22, 2022
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A state agency that oversees workplace health and safety is investigating the death of a production associate at Tesla Inc.’s facility in Fremont, California, Fox-owned KTVU reported on Thursday. A production associate, who has not been identified, collapsed and died early Wednesday morning while working on the powertrain line in Fremont. Cal-Occupational Safety and Health…
US Lawmakers Call Tesla Expansion in Xinjiang ‘Misguided’
January 21, 2022
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WASHINGTON—The chairmen of two congressional panels on oversight and trade on Thursday assailed Tesla’s expansion in China’s far-western Xinjiang region, where detention camps have drawn heavy criticism, and asked the electric car maker about its Chinese product sourcing. “Your misguided expansion into the Xinjiang Uyghur Autonomous Region sets a poor example and further empowers the…
Tesla Berlin Factory to Elect Works Council on February 28
BERLIN—Tesla’s Berlin factory will elect its first works council on Feb. 28, Germany’s largest union IG Metall said on Thursday, expressing concern that it was too soon for the election to result in a truly representative body. Only one in six of the roughly 12,000 workers expected at the plant have been hired so far,…
Tesla Berlin Factory to Elect Works Council on Feb. 28
BERLIN—Tesla’s Berlin factory will elect its first works council on Feb. 28, Germany’s largest union IG Metall said on Thursday, expressing concern that it was too soon for the election to result in a truly representative body. Only one in six of the roughly 12,000 workers expected at the plant have been hired so far,…
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