Tesla co-founder and board member J.B. Straubel’s Redwood Materials is ramping its efforts to recycle batteries after accidents and natural disasters. The battery recycling startup posted about its initiatives in a blog post on its official website. As per Redwood Materials in its blog post, it partners with local and national entities to safely and […]
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Tesla China’s five-year zero-interest loan program has been extended once more. The incentive applies to both Rear Wheel Drive (RWD) and Long Range Dual Motor All Wheel Drive (AWD) variants of the Model 3 sedan and Model Y crossover. As per the electric vehicle maker, China-based customers who wish to purchase select variants of the […]
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Just days after announcing that it had produced its 7 millionth vehicle, Tesla announced that the Fremont Factory has produced its 1 millionth Model Y from GA4. This is an incredible achievement, considering that the Fremont Factory is a facility that is not built specifically to produce Teslas. The Fremont Factory is Tesla’s first production […]
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During the third quarter earnings call, CEO Elon Musk commented that the demand for the Tesla Semi is “ridiculous.” This was because the Class 8 all-electric truck’s operating costs are so low that it would be silly for businesses not to use it. “Fundamentally, if you’ve got a (Tesla) Semi, the fully considered cost per […]
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Tesla has promoted Megapack Senior Director Michael Snyder to Vice President of Energy and Charging. The promotion was listed on the executive’s personal LinkedIn page. Snyder has been with Tesla for over 10 years. He was hired as a Staff Electrical Engineer in June 2014, though it only took six months before he was promoted […]
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A recent survey from Consumer Reports has revealed that at least half of all prospective car buyers in the United States are interested in test driving a battery electric vehicle when shopping for their next car. This was true even for those who were not necessarily looking to purchase an EV in the immediate future. […]
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Volkswagen’s Scout Motors is looking to enter the electric vehicle market using a sales strategy that has proven very effective for industry leaders like Tesla. On Thursday, Scout noted that it is planning to adopt a direct sales model instead of using a conventional dealer network. With such a sales model, Scout would be directly […]
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Tesla stock’s (NASDAQ:TSLA) 22% rise on Thursday following the release of the company’s Q3 2024 earnings resulted in the electric vehicle maker adding $150 billion to its market cap in a single day. At the same time, Tesla’s 22% rise also resulted in TSLA short sellers receiving a $3.5 billion blow in one day. Tesla’s […]
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Tesla owners on social media are reporting that their Full Self-Driving (Supervised) free trials are being extended by another 30 days. The extended FSD free trial period also seems to be getting rolled out to monthly FSD subscribers. Tesla’s Q3 2024 earnings call made it evident that the electric vehicle maker is betting a notable […]
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Tesla Energy is steadily becoming a more prolific part of the company’s operations. In the third quarter of 2024 alone, Tesla revealed that its energy division was able to achieve a record gross margin of 30.5%. Tesla also noted that as of Q3, over 750,000 Powerwalls have been installed globally. From this number, 100,000 are […]
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