Electric car maker Tesla aims to increase production to 500,000 units annually, but it has yet to turn a profit.
Tesla CEO Elon Musk has opened a new chapter in his book of visions as he unveiled a prototype electric big-rig truck that aims to throw Tesla into a new market even as it struggles to roll out an affordable sedan.
Silicon Valley entrepreneur Elon Musk's Tesla company keeps facing a crucial test in its growth strategy as it ramps up its e-car production. But bottlenecks at its battery factory have caused a record loss.
The e-car pioneer has announced it wants to raise more than a billion dollars in fresh debt obligations under efforts to strengthen its balance sheet ahead of mass-producing its latest Model 3 sedan.
The US e-car pioneer has agreed to an improved salary structure and job guarantee until 2022 for the workers at Tesla Grohmann Automation under efforts to avoid a strike at its crucial German subsidiary.
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