Tesla Model 3 Performance: Musk announces more specs of future M3 rival

Tesla's US Tax Credit Set To Come To An End | OilPrice.com

Tesla's US Tax Credit Set To Come To An End | OilPrice.com

Tripp's whistleblower tip, which was filed July 6, alleges that Tesla knowingly manufactured batteries with punctured holes possibly impacting hundreds of cars on the road; misled the investing public as to the numbers of Model 3s actually being produced each week by as much as 44 percent; and lowered vehicle specifications and systemically used scrap and waste material in vehicles, all so as to meet production quotas, according to a statement from Meissner Associates.

The company plans to build its second plant, with a capacity to produce 500,000 cars a year, in Shanghai.

Sales reports show that the company pulled out all the stops to avoid selling its 200,000th auto in the USA until after July 1, to maintain the full tax credit for one extra quarter, by pushing more sales to Canada among other things.

Fired Tesla employee Martin Tripp company was accused of defrauding investors and using risky batteries in the Assembly of electric vehicles.

"Tesla will be there as soon as he believes we should".

Incidentally, Musk about a year ago said that Model 3 production should reach 10,000 units per week before the end of 2018.




Any sharing of technology by Tesla with a Chinese partner is a matter that's "subject to negotiation", Huang Ou, deputy head of the Shanghai government's economy and information technology commission, said on Wednesday at an event in the city.

Following months of tension, start-stop negotiations and some Chinese concessions, the U.S. on Friday pulled the trigger on 25 per cent duties on about USD34 billion in annual imports of Chinese machinery, electronics and high-tech equipment, including autos, computer hard drives and LEDs.

Currently, the lowest-priced version of the Model 3 on offer is a rear-wheel-drive edition equipped with a premium interior and long-range (310-mile) battery pack for $43,000, with deliveries estimated in three to five months. Yeah, I've been sleeping on the factory floor, not because I think that's a fun place to sleep. As Tesla wrote in an annual report filed with the US Securities and Exchange Committee in February, its customers get the full $7,500.

The preliminary agreement is a major development in Tesla's more than year-long effort to open China's first production facility that will be wholly owned by a foreign carmaker.

Tesla announced in June it was cutting nine per cent of its workforce, or nearly 4,000 jobs, in an effort to boost profitability.

Tesla has reportedly finally reached its production goal with the Model 3 building more than 5,000 of the sedans in the last week of the second quarter.

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