During the height of the Roman Empire, the saying “all roads lead to Rome” was almost literally true since most roads radiated out from the capital city, Rome. Almost 2 millenniums later, things are different, but by activating its latest Supercharger in Magliano yesterday, Tesla’s European network of fast-charging stations now leads to Rome from almost anywhere in Europe. expand full story
A few weeks ago, we reported on a Tesla enthusiast and Model 3 reservation holder, Bayol, building an unofficial Model 3 online design studio to configure the vehicle with different wheels and colors.
At the time, there was a tab for the interior, but it was only featuring a placeholder picture of the Millennium Falcon. Today Bayol updated his project and you can now configure the interior of the Model 3 with several choices of headliners, upholstery and other interior finishes. expand full story
Tesla officials have been discussing the possibility to establish a first factory in Europe for a while now. I say a “first factory”, but Tesla already has a plant in Europe – in Tilburg – but only for final assembly processes.
Earlier this year during a special event for Tesla owners at the automaker’s French headquarters in Chambourcy, CEO Elon Musk reiterated that in the near future Tesla will need to establish some manufacturing capacity in Europe – referring to a full-fledged factory to manufacture cars.
At the time, he nonchalantly brought up the possibility to build its first European electric car factory in Alsace, a northeastern French region on the Rhine River plain bordering Germany and Switzerland. It didn’t take long for French Energy Minister Ségolène Royal to suggest a site and meet with executives.
Now Spain wants to throw its hat in the ring and launches a campaign to attract Tesla’s first European factory. expand full story
Tesla has been promising a special event to celebrate the opening of its battery factory in Nevada for a while now. Attending the event was even part of the prizes of Tesla’s second round of the Model S owner referral program. Now it finally has a date: July 29th. The company sent out the invitations to the top Model S referrers last night. expand full story
Earlier this week, Tesla confirmed having closed its recent secondary offering with $1.7 billion in net proceeds to finance its Model 3 production program, but part of the offering was also a significant set of transactions in order for Elon Musk to exercise 5,503,972 stock options and then sell 2,782,670 shares to pay taxes.
In a SEC filing issued last night, Tesla confirmed that Musk sold the shares at $213.22 for a total of just over $593 million. After the transaction, Musk’s stake in Tesla stands at 31,100,644 shares worth just over $7 billion. expand full story