The secret behind Elon Musk's goal of selling 20 million Tesla's a year by 2030 lies in its pioneering battery technology, as per the report of Reuters.

Tesla (TSLA.O) has shuttered its office in San Mateo, California and laid off roughly 200 employees working on its Autopilot driver-assistant system there, one of the people told Reuters, in a move seen as accelerating cost-cutting.

LONDON, May 17: Bitcoin dropped to a three-month low on Monday as investors sold cryptocurrencies in the wake of Tesla boss Elon Musk's hinting over the weekend that the carmaker is considering or may have already sold some of its bitcoin holdings.

SILVER SPRING, Feb 9: Holders of Bitcoin may be able to cash in some of their investment in the digital currency for a brand new electric car.

CALIFORNIA, Jan 22: Tesla Inc chief and billionaire entrepreneur Elon Musk on Thursday took to Twitter to promise a $100 million prize for development of the “best” technology to capture carbon dioxide emissions.

BEIJING/SHANGHAI, DEC 27: U.S. electric vehicle maker Tesla Inc (TSLA.O) will begin delivering Model 3 vehicles built at its Shanghai factory on Monday, a company representative told Reuters.

BEIJING, August 7: U.S. electric vehicle maker Tesla Inc is considering lifting its prices in China from September amid yuan-related uncertainty, two people familiar with the matter said.

BEIJING, July 16: Tesla Inc has dropped the standard-range variants of its Model X and Model S from its product lineup and adjusted prices across its range, in a sales push that comes days after the U.S. electric vehicle maker reported record deliveries.

Tesla launches new $45,000 Model 3

October 19, 2018 12:55 pm

Oct 19: Tesla Inc (TSLA.O) on Thursday introduced a new $45,000 version of its Model 3 sedan on its website, launching the car as U.S. tax breaks for Tesla cars are about to decrease.

Sept. 18: Saudi Arabia plans to invest $1 billion in Lucid Motors, an electric car company that may be a potential competitor with Tesla.

Jaguar has finally lifted the lid on its I-PACE electric car.

SALT LAKE CITY, Oct 14: Luxury electric vehicle maker Tesla Inc (TSLA.O) fired about 400 employees this week, including associates, team leaders and supervisors, a former employee told Reuters on Friday.

Europe’s biggest carmakers are drawing on the full force of the continent’s industrial prowess to build a network of ultra-fast charging stations as they look to stoke demand for electric cars and break Tesla’s stranglehold on the market.