Tesla Walks Back Plan to Close Most Showrooms
Tesla is walking back plans to close most of its showrooms worldwide and announced price hikes for most of its electric vehicles.
Judge: Tesla Illegally Selling Out of Greenwich ‘Gallery’
Connecticut state law prohibits the direct sale of vehicles to consumers by manufacturers. It currently requires sales through a franchise dealership license. Tesla doesn’t believe its gallery activities require such a license.
Cost to Insure Tesla’s Debt Rises on Growing Default Fears
The amount investors must pay to insure their debt holdings in Tesla Inc. against declining credit quality rose last week to its second-highest price ever, implying the company is at a greater risk of default following a report that sparked concern that Tesla may need to raise funds.
Tesla Shares Drop on Report That it Asked Suppliers for Refunds
Shares of Tesla Inc. fell more than 4 percent in trading before the bell on Monday, after a report that the electric car maker has turned to some suppliers for a refund of previously made payments in a bid to turn a profit.
