Tesla Is Losing Money Again As Deliveries Decline

After two quarters of profitability, the electric automaker reported a $702 million loss in the first quarter.

Elon Musk on taking Tesla private: ‘That ship has sailed’

Elon Musk would prefer if Tesla, which is known for its volatile share price and is among the most heavily shorted stock, were a private company, but acknowledged during an earnings call Wednesday that it wasn’t likely. Musk can dream, can’t he? “Unfortunately that ship had sailed,” Musk said flatly, in response to a question […]

Tesla plans to launch an insurance product ‘in about a month’

Tesla is developing an insurance product, which could be launched in about a month, CEO Elon Musk said during a call with analysts Wednesday following its first-quarter earnings report. “It will be much more compelling than anything else out there,” he said. Musk didn’t provide further details on what the insurance product might look like, […]

Tesla reports $702 million loss in first quarter

Tesla reported Wednesday wider-than-expected loss of $702 million, or $4.10 a share, in the first quarter after disappointing delivery numbers and other setbacks and costs threw the automaker off of its profitability track. The loss included $188 million of non-recurring charges. When adjusted for one-time losses, Tesla lost $494 million, or $2.90 a share, compared with […]

Network with CrunchMatch at TC Sessions: Mobility 2019

If you’re planning to attend TC Sessions: Mobility 2019 on July 10, then get ready to network like never before. And by that, we mean easily. TC’s day-long event — dedicated to the future of mobility and transportation — features discussions, demos and workshops with the brightest founders, technologists and investors in these industries. With […]

Old Promises Broken, Musk Offers New Pledges on Self-Driving

Ahead of what’s expected to be a disappointing earnings report, Tesla CEO Elon Musk predicts 1 million “robotaxis” on the road by next year.

Momentus seeks up to $25 million as it inks deals to transport cargo beyond low Earth orbit

Just nine months after launching from Y Combinator with a new propulsion technology, Momentus has inked its first customers for its transportation technology that can take cargo beyond geostationary orbit — and ultimately to a lunar orbit. With those customers in tow, the company is also out fundraising, looking for up to $25 million in […]