Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Science
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Find Cricket Statistics
Hindi
More
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Science
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / Business News / Tesla's new electric lorry coming up in September
  • Business

    Tesla's new electric lorry coming up in September

    Written by
    Anish Chakraborty
    Edited by
    NewsBytes Desk
    Last updated on Apr 14, 2017, 02:05 pm
    Tesla's new electric lorry coming up in September
  • Tesla chief Elon Musk has announced that the company will unveil an electric lorry five months later, in September.

    An electric pick-up truck will also enter the market in 18-24 months.

    However, there is concern it won't be able to meet its current demand; there are already 400,000 pre-orders for its Model 3, which is set to go into production later in 2017.

  • In this article
    Elon Musk has WeChat owners backing Tesla up Tesla has its hands full with the new car launch Elon Musk's major investments What this deal could mean for Tesla's future Elon Musk, the regular handsome talented millionaire geek Tesla registers record deliveries after weak 2016 end Tesla is now the most valuable US automaker Tesla's new electric lorry coming up in September
  • 29 Mar 2017

    Elon Musk has WeChat owners backing Tesla up

    Elon Musk has WeChat owners backing Tesla up
  • Chinese tech giant Tencent has reportedly shelled out $1.78 billion in Elon Musk's Tesla for a 5% stake.

    If you are wondering what 5% stake exactly means, its 8,167,544 shares.

    This is, however, a passive stake holding. This means they do not get a seat in the board or are not a voting partner.

    So, what does this investment mean for the tech world?

  • In the offing

    Tesla has its hands full with the new car launch

    Tesla has its hands full with the new car launch
  • Elon Musk-led Tesla is all set to launch its latest car, the Model 3 sedan.

    Tesla had earlier said that they had around more than 400,000 reservations which projects a sale of around $14 billion.

    It may sound promising, but Tesla has a history of not delivering in time and analysts fear that this $35,000 car may be one more in the list.

  • Diverse portfolio

    Elon Musk's major investments

    Elon Musk's major investments
  • Musk is the largest shareholder of Tesla with a little more than 20% stake.

    Musk owns the majority stake in SpaceX, a private space transportation company valued at $10 billion.

    He is also an investor in several important companies like Stripe, a payment processing firm valued at $9bn, Neuralink the AI-human symbiosis project which surfaced recently and SolarCity which deals with solar energy services.

  • Future prospects

    What this deal could mean for Tesla's future

    What this deal could mean for Tesla's future
  • Tencent Chairman Ma Huateng shares the vision along with Musk of developing AI for driverless cars.

    This deal will also carve a path for Tesla to make its way into the Chinese market, which till now had very few takers of its cars.

    With the entry of Tencent, the west may see more instances of Chinese investments for new age tech business.

  • Data

    Elon Musk, the regular handsome talented millionaire geek

  • Musk is a typical nerd and had confessed that he once considered naming one of his children "X" after Professor Xaviers of X-men and to top it all his SpaceX rocket Falcon, is inspired from Star Wars' Millennium Falcon.

  • 03 Apr 2017

    Tesla registers record deliveries after weak 2016 end

    Tesla registers record deliveries after weak 2016 end
  • Registering an impressive 70% rise since the Jan-March 2016 quarter, Tesla has delivered a record 25,000 cars this time.

    It delivered 13,450 Model S cars and 11,550 Model X vehicles.

    This is a significant development for the company, whose deliveries fell by 9% in the last 2016 quarter due to production problems.

  • 05 Apr 2017

    Tesla is now the most valuable US automaker

    Tesla is now the most valuable US automaker
  • Tesla has now become the most valuable US auto company, after its market cap surpassed that of General Motors and Ford as well.

    Tesla's car production as well as car deliveries were up in the first quarter this year. Other big automakers, however, saw a drop in their sales.

    Tesla stocks are trading at $303.80 and its market cap is at $53.06 billion.

  • 14 Apr 2017

    Tesla's new electric lorry coming up in September

    Tesla's new electric lorry coming up in September
  • Tesla chief Elon Musk has announced that the company will unveil an electric lorry five months later, in September.

    An electric pick-up truck will also enter the market in 18-24 months.

    However, there is concern it won't be able to meet its current demand; there are already 400,000 pre-orders for its Model 3, which is set to go into production later in 2017.

  • WeChat
  • Tencent
  • Electric Vehicles
  • SpaceX
  • Elon Musk
  •  
Latest News
  • NewsBytes Briefing: Twitter will soon have paywalls, and more
    NewsBytes Briefing: Twitter will soon have paywalls, and more
    Science
  • Volkswagen Virtus spotted in India, testing parts for Vento replacement
    Volkswagen Virtus spotted in India, testing parts for Vento replacement
    Auto
  • Coronavirus: India's tally reaches 11.07 million with 16K+ new cases
    Coronavirus: India's tally reaches 11.07 million with 16K+ new cases
    India
  • 'Mumbai Saga' trailer: A screaming John locks horns with Emraan
    'Mumbai Saga' trailer: A screaming John locks horns with Emraan
    Entertainment
  • Facebook COO Sheryl Sandberg pens 'open love letter' to fiance
    Facebook COO Sheryl Sandberg pens 'open love letter' to fiance
    Entertainment
Related Timelines
  • Tesla sues former employee for stealing 26,000 confidential files
    Tesla sues former employee for stealing 26,000 confidential files
    Business
Trending Topics
Bharti Airtel Mukesh Ambani Flipkart WhatsApp Reliance Jio OPPO Isha Ambani
Next News Article
Share
Cancel

Want to share it with your friends too?

Facebook Whatsapp Twitter Linkedin
Copied

Love Business news?

Subscribe to stay updated.

Business Thumbnail
India News Business News World News Politics News Sports News Science News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Bharti Airtel Mukesh Ambani Indian Premier League Samsung Flipkart Virat Kohli
Rohit Sharma Cricket News YouTube Hollywood News WhatsApp Bollywood News ISRO Yoga Honda Batman
Football News BMW Vaccine Reliance Jio OPPO Food News, Healthy Recipes Royal Challengers Bangalore Toyota Fashion Tips Farmers Protest
Mercedes Barcelona La Liga Isha Ambani India Vs England Cricket OnePlus Mobiles Android TV Smart TV Bharat Bandh Deadpool
Marvel Comics Avengers Neha Kakkar Premier League
About Us Privacy Policy Terms & Conditions Contact Us News Reviews News Archive Topics Archive Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2021