Tesla’s second-quarter results may be headlined by its $1.1 billion of GAAP net income, but its energy division achieved some incredible milestones as well. In Q2 2021, energy storage and solar deployments tripled year-over-year, hinting at strong demand for products like the Powerwall and the Solar Roof. Tesla noted in its Q2 2021 Update Letter […]
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Rivian plans to initially invest $5 billion on its second US assembly plant, dubbed “Project Tera.” Rivian aims to start construction on its second assembly plant by the fall of 2021, coinciding with the beginning of R1T deliveries in September. The investment is projected to build a plant that would support more than 10,000 jobs. […]
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In the second-quarter earnings call, Tesla CEO Elon Musk shared that the Megapack is sold out up to the end of next year. “We have a significant unmet demand in stationary storage. Megapack is basically sold out through the end of next year, I believe,” Elon Musk said while answering a question from New Street […]
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Tesla recently revealed that Gigafactory Shanghai has fully transitioned to being the company’s primary export hub. Giga Shanghai has been instrumental to Tesla’s record deliveries this year, so it may not be surprising that it has become the company’s main export center. “Due to strong U.S. demand and global average cost optimization, we have completed […]
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Tesla provided an update on Cybertruck production during the latest earnings call. The company announced that it would be moving towards Cybertruck beta production later this year in Gigafactory Texas. In its Q2 2021 Update Letter, Tesla stated it was making progress on the industrialization of the Cybertruck and plans to start production on the […]
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Tesla investors have voted for the top questions they want the company’s executives to answer at the Q2 2021 earnings call. The questions, which were submitted by both retail and institutional investors, were aggregated on Say.com. Top Retail Investor Questions As usual, some of Tesla Daily host Robert Maurer’s questions made it to the top of […]
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Loup forecasted that Tesla’s booked operating profit from upfront FSD purchases and subscriptions will increase from $600 million in 2021 to $102 billion by 2032. Tesla finally released Full Self-Driving (FSD) Beta V9 this month. Tesla also launched FSD subscriptions in July. TSLA bull Loup believes that FSD subscriptions would make Tesla drivers more open to the autonomous software. […]
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Some would say that the Tesla Model 3 has opened doors for the EV industry in the mainstream passenger car market. To an experienced professional driver like John Chambers, the Tesla Model 3 might be more than just a good passenger car. “I do think, if you want to take a car on track, I think the […]
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Recent photos of The Boring Company’s (TBC) Vegas Loop Resorts World extension reveals that Elon Musk’s underground people mover isn’t done with Sin City just yet. It seems like Boring Company has hit its stride in Las Vegas. TBC’s Las Vegas Convention Center (LVCC) Loop kicked off operations just last month. Following the successful launch […]
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The Biden administration is already assembling a team to invest around $52 billion worth of funding for semiconductor research and manufacturing, awaiting congressional approval. The CHIPS Act would establish investments and incentives to support semiconductor manufacturing, research & development, and supply chain security in the United States. Companies around the globe have been affected by the global chip […]
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