Hota Industrial Manufacturing will invest $99 million in its first U.S. factory in New Mexico. Hota is a Taiwanese gear and auto parts maker that works with established automakers like Tesla, Ford, and General Motors. Hota’s New Mexico plant will be the auto and gear maker’s first factory outside Asia. The US-based plant is part of […]
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On Tuesday, September 19, 2023, Tesla was asked to provide details about its relationship with Chinese battery maker Contemporary Amperex Technology (CATL). The House Ways and Means Committee Chair, Representative Jason Smith, R-Missouri, asked Tesla CEO Elon Musk about the electric vehicle (EV) makers’ contracts with CATL. In a letter to Musk, Rep. Smith asked […]
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Former Tesla executive JB Straubel’s Redwood Materials recently acquired lithium-ion battery recycler Redux Recycling GmbH for an undisclosed amount. The lithium-ion battery recycler will help Redwood expand and strengthen its battery-recycling capacity in Europe. “This acquisition will provide us with a well-established EU presence to quickly expand operations, increase capacity for battery recycling, and work […]
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The Tesla Model 3 Highland arrived in Italy’s showrooms today, September 19, 2023. Deliveries for the refresh Tesla Model 3 are expected to start next month in Italy. The official X account for Tesla Club Italy posted pictures of the Tesla Model 3 Highland’s unveiling. The account mentioned that a Tesla showroom in Italy holds […]
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The Hyundai Ioniq 6 won the Insurance Institute for Highway’s (IIHS) 2023 Top Safety Pick+ award. The Genesis Electrified GV70 and the Lexus RZ also won 2023 Top Safety Pick+. “To be environmentally friendly, our vehicles and our cities also need to be pedestrian-friendly,” said Harkey. “All three of these vehicles have standard front crash […]
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In a note released on Sunday, Goldman Sachs decreased its earnings forecast for Tesla, stating that the EV company’s price cuts might hinder its earnings per share (EPS). “We believe that Tesla could further lower prices in 2024 to support higher volumes, which we believe will mitigate the EPS benefit from cost reductions,” wrote Goldman […]
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The Boring Company (TBC) plans to hold Engineering Demo Day later this month for Mechanical, Electrical, and software engineers interested in working in Bastrop, Texas. “The Boring Company was founded to solve the problem of soul-destroying traffic by creating an underground network of tunnels. Today, we are creating the technology to increase tunneling speed and […]
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The base Tesla Model Y Dual-Motor AWD variant is no longer available on the company’s configurator. As of this writing, only the Tesla Model Y Long Range and Performance variants are available for purchase. In April 2023, Tesla reportedly added the Model Y units using 4680 battery cells to its configurator. Tesla never officially announced the release […]
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Tesla is expected to deliver a letter of intent on Friday, September 15, to formally start the installation and buildout of Gigafactory Mexico. “On Friday (today) they will give us the letter. They tell me that nothing can be said until they have the letter that makes it official (the start-up of the Gigafactory,)” a […]
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Tesla is now offering a Powered Liftgate Retrofit to Model 3 owners. The upgrade is now available on the Tesla shop. The Model 3 Powered Liftgate Retrofit costs $800, including shipment to the customer’s preferred Tesla Service Center and installation. The upgrade is available for Model 3 vehicles with a manual lift gate and produced […]
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