Tesla's offer to Maxwell Technologies for exchanging all outstanding shares of common stock of Maxwell for 0.0193 of a share of Tesla common stock is successfully completed. It also includes cash in lieu of any fractional shares of Tesla common stock and excludes interest and any applicable withholding taxes. Tesla's offer expired today at 11:59 PM Eastern Time. Thus a total of approximately 36,764,342 shares of...

16 May 2019

On February 4th, Maxwell announced it "has entered into a definitive agreement" to merge with Tesla. The whole deal was accessed at $218 million. Two months later, on April 9th, Tesla extended its offer to acquire Maxwell up to May 15th, 2019. As of 5:00 p.m., Eastern time, on April 5, 2019, a total of approximately 6,934,135 shares of Maxwell common stock had been validly tendered and not validly withdrawn in the...

14 May 2019

In an announcement made half an hour ago, Tesla said that Model 3 leasing has now become more affordable. More specifically, Model 3 Standard Range Plus can now be leased for for $399 per month. In addition, there's a $4,500 down payment, $695 acquisition fee. The first month's lease payment is due when picking up your Tesla. Complete details about leasing Tesla vehicles can be found in the source link below.

11 May 2019

A new OTA update as of today adds two new safety features to Tesla vehicles. These are the Lane Departure Avoidance and Emergency Lane Departure Avoidance. The first expands the Lane Departure Warning features and can be turned on or off. When it is on, the system issues a number of alerts when it detects that the car is leaving the intended lane the and driver's hands are not on the wheel. If the driver's hands are...

3 May 2019

The long-awaited update of Model S and Model X is a fact. And we suspect more fine-tuning to happen in the near future. Here's what is known so far. Both models will now have a new drivetrain as they will get the permanent magnet synchronous reluctance motor which was first fitted on Model 3. According to Tesla, this will result in more than a 10% increase in range. The one of Model S Long Range is now 370 miles and...

24 April 2019

One of the pinpoints at Tesla Autonomy Day was the company's plan to launch Robotaxi next year along with the launch of Model Y and Semi. The Robotaxi project in its essence is a self-driving ride-sharing network of Tesla cars. This will be enabled with an update of the current mobile application. Tesla owners will be able to add their cars to the list of shared vehicles and thus earn money. They will also be able...

23 April 2019