Rivian Automotive (RIVN) is up on Thursday’s intraday after the company reiterated its full-year production target. The company reported an adjusted loss per share of $1.43 in Q1, slightly beating consensus estimates of a loss per share of $1.45. Rivian’s revenue came at $95 million, however, which is far below the Street’s estimates of $131.2 […]
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Elon Musk knows a thing or two about making electric vehicles. Having led Tesla for about 14 years now, Musk is among the most experienced EV leaders in the automotive sector. And during a recent interview, Musk shared some advice to those who wish to get into the electric vehicle market. While speaking at the Financial […]
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SpaceX’s Starlink satellite internet service has become invaluable to Ukraine amidst the country’s ongoing war against Russia. According to Elon Musk, however, Russia has increased its efforts to disrupt Starlink’s service to Ukraine. Fortunately, Musk also stated that Russia has not been successful so far. Despite the country’s efforts to jam or hack the satellite […]
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In a statement on Wednesday, Panasonic Chief Financial Officer (CFO) Hirokazu Umeda revealed that Panasonic Holdings Corp. is being asked by Tesla to speed up its development of 4680 cells. Tesla’s demand for 2170 cells also remains strong, according to the CFO. Panasonic recently caught headlines after reports emerged that the Japanese conglomerate is looking […]
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Last July, a Tesla Megapack in the 300MW/450MWh Victoria Big Battery caught fire while it was being tested. The fire spread to another battery, resulting in two Megapacks in the installation being destroyed. An investigation into the incident was promptly initiated a few days later. The results of the investigation have now been made public. […]
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Elon Musk recently confirmed that he intends to stay at Tesla as long as he can provide value for the electric vehicle maker. Musk’s comments were shared during his interview at the Financial Times‘ Future of the Car 2022 Summit. Musk is a multitasker, so much so that he currently serves as CEO of SpaceX, a company […]
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During an earnings call back in 2018, Tesla CEO Elon Musk announced that the Supercharger Network is not a “walled garden.” Musk stated then that other EV manufacturers are welcome to use the Supercharger Network provided that they share in the system’s costs and use an adapter for their vehicles. Today, it appears that Elon […]
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Tesla China’s wholesale figures may have seen a massive drop in April as Giga Shanghai was shut down amidst the country’s anti-Covid measures, but May is shaping up to be completely different. This was highlighted recently when Tesla China exported its first batch of vehicles since Giga Shanghai resumed its vehicle production activities on April […]
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Elon Musk was not joking. Teslas are really things that maximize fun. This is true, it seems, even if one drives the company’s “slowest” performance car around one of the world’s most famous and most dangerous racetracks. The Tesla Model Y Performance is the company’s most conservatively-specced performance model. With an 82 kWh battery pack […]
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General Motors has confirmed that it is partnering with IBM subsidiary Red Hat to develop a new, open-source Linux-based operating system. The upcoming OS would support the rollout of GM’s Ultifi initiative, a cloud-based platform announced last year. GM’s Ultifi platform is designed to oversee and “unlock new vehicle experiences and connect customers’ digital lives.” […]
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