Tesla Inc.’s shares dropped the most in four months after the carmaker blamed a disappointing deliveries report on shipment issues that increased the number of vehicles on their way to customers as the quarter ended. The maker of Model 3 sedans and Model Y crossovers handed over 343,830 vehicles to customers in the last three […]
Tesla Sets Record for EV Deliveries, but Losses and Solar Shrinkage Endure
2019 is supposed to be “the year of the solar roof,” but Tesla’s solar business continues to wither. Tesla presented mixed results from the second quarter of 2019, including a delivery record of 95,356 electric vehicles and record deployments of its energy storage products. But Tesla’s solar business has become a shadow of its former […]
Tesla Suffers Deep Q1 Loss as Solar Installs Continue to Plummet
Elon Musk said the first quarter was “the most difficult logistics problem I’ve ever seen.” Tesla posted massive losses when it announced its Q1 earnings results on Wednesday, its first financial report after losing a $7,500 EV tax credit on January 1 of this year. After pulling out all the stops to deliver a record […]
US Electric Vehicle Sales Increased by 81% in 2018
Tesla had a banner year. But it’s not all good news for the U.S. EV market. U.S. electric vehicle sales may be finally seeing the hockey stick growth market watchers have been waiting for. The 2018 numbers are in, and total U.S. EV sales came in at 361,307 for the year — up 81 percent […]
Total Global EV Sales to Hit 4 Million This Week
Adding the next million electric vehicles will take just over six months, according to Bloomberg NEF. Buckle up. Electric vehicle sales are shifting into high gear. Cumulative passenger EV sales worldwide are set to hit 4 million this week, according to Bloomberg New Energy Finance. The next million EV mark could be reached slightly later if Tesla […]