Tesla | Latest News & Updates - Oct 28, 2024 Release

Tesla now offers 0% APR financing for both Model 3 and Model Y...


Brought to you by RivalSense - an AI tool for monitoring any company.

RivalSense tracks the most important product launches, fundraising news, partnerships, hiring activities, pricing changes, tech news, vendors, corporate filings, media mentions, and other developments of companies you're following 💡


Tesla

🌎 tesla.com

Tesla is a leading company in the motor vehicle manufacturing industry, focused on accelerating the world's transition to sustainable energy. Headquartered in Austin, Texas, Tesla designs, manufactures, and sells electric vehicles, solar products, and energy storage solutions. The company aims to reduce reliance on fossil fuels and promote a zero-emission future through innovative technology and scalable clean energy solutions.


Tesla - Latest News and Updates

  • Tesla now offers 0% APR financing for both Model 3 and Model Y.
  • Tesla's third quarter results exceeded analysts' predictions, closing at its highest in 13 months with a 22% share price increase, adding $33.5 billion to Elon Musk's fortune.
  • Tesla's stock rebounded after better-than-expected Q3 2024 sales, driven by reduced manufacturing costs, strong Model 3 performance, and Cybertruck sales, despite CEO Elon Musk dismissing the idea of a $25,000 non-robotaxi car as 'pointless.'
  • Tesla shares surged nearly 22% on October 24, marking their largest single-day gain in over a decade, following CEO Elon Musk's optimistic forecast of significant sales growth.
  • Tesla has partnered with Yamada Denki to distribute its Powerwall home battery system across nearly 1,000 stores in Japan, expanding its presence in the country's energy market.
  • Tesla gained from rising EV sales in Europe in September, while a lawsuit was filed against CEO Elon Musk for using 'Blade Runner' imagery without permission.
  • Tesla offers the Model Y starting at €199 per month with 0% interest, available for orders placed by November 18 and delivered by December 31, 2024.
  • Tesla's energy division achieved a record gross margin of 30.5% in Q3 2024, with significant Powerwall deployments and Megapack production scaling up.
  • Tesla plans to launch more affordable electric vehicles in the first half of 2025, aiming to make EVs accessible to everyone.
  • Tesla is developing wireless charging technology for its Robotaxi service.

Sign up to receive regular updates


If you liked the insights, consider following your own companies of interest. Receive weekly insights directly to your inbox using RivalSense.