Home Tag "Tesla"

Record sales push Tesla to 2nd straight quarterly profit

The fourth-quarter earnings almost certainly will continue Tesla’s meteoric stock appreciation. Shares rose about 12 % in after-hours trading Wednesday to $648 DETROIT: Record electric vehicle sales in the fourth quarter helped to push Tesla Inc. to its second-straight quarterly profit, giving bullish investors optimism that sustained black ink lies ahead. The Palo Alto, California, […]

California Finalizes Plan Shifting Key Energy Storage Incentive Toward Blackout Resilience

State to spend half a billion dollars by 2024 helping vulnerable customers install on-site batteries, a big change for the market. California regulators have finalized plans to direct more than half a billion dollars in behind-the-meter battery incentives over the next four years to customers most at risk of being impacted by the state’s increasingly […]

Tesla to take new $1.4 billion loan from Chinese banks for Shanghai factory: Sources

China Construction Bank (CCB), Agricultural Bank of China (AgBank), Industrial and Commercial Bank of China (ICBC) and Shanghai Pudong Development Bank (SPDB) are among the banks which have agreed to give Tesla the financial support, one source with direct knowledge said. BEIJING/SHANGHAI: U.S. electric vehicle maker Tesla Inc and a group of China banks have […]