Tesla’s Share Price Hikes as the Electric Vehicle Market and Automotive Stocks Rise

Tesla stock is seeing near 4% gains so far on the New York Stock Exchange (NYSE) as the US stock markets recover from two days in the red. Automotive companies are feeling the pinch of economic tightening and lowering demand for conventional, fuel-hungry, vehicles. The big car makers are ramping up their electric car developments, … Read more

Tesla Faces Squeeze as Volkswagen Invests $800 Million in US Electric Car Plant

Tesla is under pressure now that Volkswagen, General Motors, and Ford ratcheted up their electric-car game. With these automobile juggernauts fighting for domination, competition in the electric vehicle field has never been fiercer. On Jan. 14, German automaker Volkswagen announced plans to invest $800 million to expand an electric vehicle (EV) plant in Chattanooga, Tennessee. The … Read more

Elon Musk and Tesla Start Building First Foreign-Owned Car Plant in China

Tesla gigafactory 1

Straight from the horse’s mouth. Despite multiple complications and the ongoing trade war between the US and China placing Tesla plans in doubt, today, the electronic car manufacturer began breaking ground on the construction of the first Tesla gigafactory outside of the US in Shanghai. On Twitter this morning, the charismatic businessman enthused: Looking forward … Read more