General Motors regained its spot as the biggest US carmaker by market capitalization Thursday, amid greater investor skepticism that chipped away at rival Tesla Motors. Near 1845 GMT, GM had a market capitalization of $52.6 billion, about $1.9 billion more than the electric car maker, which had overtaken GM in April. GM shares dipped 0.6 … Read more
The rate of serious injuries at a Tesla factory in California is double the industry average, a worker advocacy group said Wednesday in a report calling for better workplace protections. The study by Worksafe, a California nonprofit group, used Tesla’s own internal data to show injury rates at the company’s plant in Fremont, California. Total … Read more
Tesla Motors overtook top US automaker General Motors in market capitalization Monday following an upbeat report by an investment analyst citing the electric carmaker’s “captivating” ability to stir investor and consumer enthusiasm. Near 1430 GMT, Tesla shares were up 3.1 percent at $311.93 for a market capitalization of $51.53 billion, more than $1 billion above … Read more
Tesla on Wednesday announced plans to raise $1.15 billion in new funding to help fuel production of a mass market-targeted Model 3 electric car set for release this year. Tesla said that it planned to offer $250 million in common stock and $750 million in convertible notes, with underwriters being given the option to buy … Read more