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Wawa, the biggest Tesla Supercharger host, has joined Tesla’s Supercharger for Business program and launched its first self-branded site. more…
Morgan Stanley analysts predict Tesla's Shanghai factory (Giga Shanghai) could achieve over 30% gross margins, rivaling Porsche's industry-leading profitability. This suggests manufacturing in China is highly cost-effective for Tesla. For owners and enthusiasts, this strong financial performance could support further investment in new vehicles and technology.
Tesla raised $5 billion by issuing new common shares, a move announced on September 1, 2020, and completed by September 4th. This capital raise, managed by major banks, strengthened Tesla's balance sheet without taking on debt. For owners and enthusiasts, it signaled strong investor confidence and provided the company with significant funds to accelerate its growth plans.
Tesla exceeded Wall Street expectations with strong Q4 2019 earnings of $2.14 per share and $7.3 billion in revenue. This financial performance signals the company's growing profitability and operational strength. For owners and enthusiasts, it reinforces confidence in Tesla's financial stability and its ability to fund future growth and innovation.