Tesla, Inc.

Tesla's founder, Elon Musk, has confirmed that the company has reached an agreement with the Chinese authorities to build an Shanghai electric vehicle plant.

"The Chinese plant is about to start production in about three years and will serve the Chinese market and perhaps some other countries in the region. The intention is to produce Model 3, "Musk said.

Luxury electric vehicle maker Tesla Inc fired about 400 employees this week, including associates, team leaders and supervisors, a former employee told Reuters on Friday.

The dismissals were a result of a company-wide annual review, Tesla said in an emailed statement, without confirming the number of employees leaving the company.

One of Tesla's businesses is the provision of solar panels and home batteries. According to Elon Musk, technology can scale and replace the current traditional energy network of Puerto Rico.

A Seattle-area startup backed by the venture arms of Boeing Co and JetBlue Airways Corp  plans to bring a small hybrid-electric airliner to market by 2022 that can dramatically reduce the travel time and cost of trips under 1,000 miles (1,600 km), it said on Thursday.

Toyota Motor Corp  is establishing a new venture to develop electric vehicle technology with partner Mazda Motor Corp , seeking to catch up with rivals in an increasingly frenetic race to produce more battery-powered cars, Reuters reported. 

Tesla have achieved their dream of producing electric cars for the masses, releasing the long-awaited" Model 3 ", which is aimed at a new world with vehicles powered without fossil fuels. Reports BGNES.

Tesla CEO Elon Musk promised back in March that his electric car company, which also owns solar energy provider SolarCity, could help the state of South Australia with its routine weather-caused blackout issues.

On the map of charging stations for electromobiles of the technological giant Tesla there is now a station that will be the first one built in Bulgaria as part of the company's corridor connecting Europe with Turkey, the Ministry of Economy has said, cited by BNR.

Tesla on April 3 became the second-largest US car maker in terms of market capitalization, displacing Ford, whose sales lagged amid concerns about the ability of the US market to keep growing.