At a shareholder meeting on Tuesday, Tesla‘s head of worldwide sales, Robin Ren, revealed that the company plans to build its first factory outside of the U.S. in Shanghai. The Chinese government recently announced that it will allow foreign electric vehicle makers to fully own auto-factories there. Tesla’s move into China is hotly anticipated, as […]

Tesla CEO Elon Musk said Tuesday it is “extremely likely” Tesla will hit a weekly Model 3 production rate of 5,000 cars. He also said the electric car maker will soon produce more batteries at its Nevada Gigafactory than all other electric vehicle companies combined, including those in China. Musk made the comments after Tesla […]

Two new reports suggest that all is not yet well in Tesla’s major U.S. factories. The fresh investigative reports describe: a high level of waste of raw materials and rework required on parts made at the Tesla Gigafactory in Sparks, Nevada; serious paint shop fires and a bloated workforce, allegedly twice the size of what’s […]

Tesla shareholders have apparently rejected two proposals that supporters had said would bring transparency and better governance to the electric car maker’s board. At its annual meeting Tuesday, Tesla shareholders re-elected three directors and struck down a proposal that would have forced Tesla to split up its chairman and chief executive roles, both of which […]

[The stream is slated to start at 5:30 p.m. ET. Please refresh the page if you do not see a player above at that time.] Tesla shareholders are voting on four proposals on Tuesday, and CEO Elon Musk is expected to deliver a presentation. Shareholders are widely expected to strike down a proposal that would […]

Despite bitcoin’s price decline this year, a cryptocurrency “mining” company is moving ahead with plans to repurpose a 1,300 acre plot once used by Alcoa for aluminum smelting. Coinmint said Tuesday it would invest up to $700 million in the upstate New York location, which it expects to be the biggest bitcoin mining center in […]

Check out the companies making headlines after the bell: Shares of NCI Building Systems jumped more than 9 percent in after-hours trading. The metal product manufacturer reported second quarter financial results that pleased investors, as well as issuing strong third quarter guidance. The gains pushed NCI Building Systems stock above $21 per share. Shares of […]

Deep inside Amazon, a secretive group called Grand Challenge, led by the creator of Google Glass, is working on a series of bold projects involving cancer research, medical records and last-mile delivery, according to people familiar with the matter. Similar to Alphabet‘s Google X lab, Grand Challenge is a research team set up to explore […]

It’s never been clear whether robotics company Boston Dynamics is making killing machines, household helpers, or something else entirely. For nine years, the secretive firm — which got its start with U.S. military funding — has unnerved people around the world with YouTube videos of experimental robots resembling animal predators. In one, a life-size robotic […]

Facebook will allow users to sing along live to popular songs, following a popular teen trend popularized by apps like Musical.ly and Smule. Lip Sync Live lets users try their hand at belting out top hits in real time using Facebook Live. The feature, which is being tested in a few markets, will also allow […]