January 2022

Tesla pushes back against $162.2M JPMorgan lawsuit with countersuit

Tesla pushed back against JPMorgan Chase & Co.’s lawsuit that claimed CEO Elon Musk’s famous “funding secured” tweet caused volatility and losses by filing a countersuit today. JPMorgan filed the lawsuit in mid-November. In the November lawsuit, JPMorgan Chase alleged Tesla of breaching a contract in regards to the repricing of warrants. After Musk Tweeted

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Tesla’s Fremont Factory was the most productive auto factory in the U.S. in 2021

New data from Bloomberg states that Tesla’s Fremont Factory in Northern California was the most-productive automotive plant in the U.S., outpacing 70 other plants in the country. Last year, Tesla’s Fremont Factory averaged a weekly production pace of 8,550 vehicles. That’s about 1,221 cars per day, 51 cars per hour, or about .85 cars per minute.

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Tesla plans coordinated launch of all four vehicles in Turkey in 2022

Tesla is reportedly planning for a coordinated and structured launch of its vehicle product line in Turkey this year, according to reports from various Turkish media outlets. After visiting Turkey in 2017, CEO Elon Musk met with President Recep Tayyip Erdoğan. The meeting was productive and was filled with prospective business deals that would bring

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