production

Hundreds of Tesla Employees Fired

Hundreds of Tesla Employees Fired

Tesla Inc (NASDAQ: TSLA) Model 3 electric car is off to a rocky start, it seems, with the company having to fire hundreds of employees recently. It appears that the manufacturing of the Model 3 is not going on at the pace that would be desirabl..

Smartphones to be Produced in India

Smartphones to be Produced in India

India has been growing an interest in developing smartphones but is up in the air right now since there is a lack of skilled labor and suppliers as well as a complex tax regime. Under the slogan ‘Make in India’, the Prime Minister aims t..

China May Relax Rules on Foreign Auto Makers, Helping Tesla

China May Relax Rules on Foreign Auto Makers, Helping Tesla

China is considering relaxing rules requiring foreign auto makers to have a local partner, according to a report by the Wall Street Journal. The change in rules will be considered a major victory for Tesla Inc (NASDAQ: TSLA), which will be able manu..

U.S. Factory Orders Report Biggest Drop

U.S. Factory Orders Report Biggest Drop

U.S. orders reported their biggest drop in almost 3 years in July, at 3.3% due to a low demand for transportation equipment. Civilian aircraft orders also dropped 70.8% that month after a 129.3% gain a month before that. However, manufacturing is st..

Tesla to Face Competition in the Battery Production Field

Tesla to Face Competition in the Battery Production Field

Tesla Inc. (NASDAQ: TSLA) may face increased competition in the rechargeable battery field. Currently Tesla is a leader in battery technology. The Tesla Gigafactory 1 is a lithium-ion battery factory under construction in Nevada. The factory started..

US Crude Stockpiles for a Third Week - Oil Prices tap session High

US Crude Stockpiles for a Third Week - Oil Prices tap session High

Government data that was released on Wednesday showed a decrease in US crude stockpiles for a third week in a row, causing oil prices to tap the highest levels of the session. There were also further gains in total domestic crude production, reveale..

Tesla Stock in Correction Mode

Tesla Stock in Correction Mode

Tesla Inc. (NASDAQ: TSLA) stock fell more than 3% Monday. During the National Governors Association summer meeting, which took place Saturday, CEO Elon Musk commented on Tesla’s impressive stock market rally year to date – up more than 5..