Tesla Q1 2024 earnings results: Total revenues of $21.3 billion and $0.45 EPS

Tesla (NASDAQ:TSLA) posted its Q1 2024 earnings report after markets closed today. The results, which were discussed in the Q1 2024 Update Letter, were released after the closing bell on Wednesday, April 23, 2024. Tesla’s earnings come on the heels of a challenging quarter. During the first quarter, Tesla produced 433,371 vehicles and delivered 386,810 […]

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You can go off road, but don’t go far

Subaru Solterra electric car at BP charging station
It’s a Subaru which makes it a great car. The ground clearance is 212mm which makes it an option for fleet managers needing an EV for regional conditions (Prado is 219mm). But the published range doesn’t match my experience during the test drive. Before we get to the range, what’s it like to drive? It’s […]

GM raises 2024 financial guidance on Q1 revenue

General Motors (GM) has detailed its first-quarter financial results for the year, citing its gas vehicles and continued growth of electric vehicle (EV) business and software-based platform development. GM reported its Q1 2024 results on Tuesday, raising its overall guidance on full-year vehicle deliveries, and reporting a revenue increase of 8 percent year-over-year to $43 […]

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Fisker is back on the brink of bankruptcy, shows filing

It appears Fisker is back on the brink of bankruptcy, as the company has highlighted in its latest filing with the U.S. Securities and Exchange Commission (SEC). Fisker filed its annual 10-K form with the SEC on Tuesday after the struggling electric vehicle (EV) maker announced it would have to delay filing of the 2023 […]

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NASA confirms the Dragonfly mission to Saturn’s Moon: Titan

NASA has given the final approval to proceed with the Dragonfly mission to Saturn’s Moon Titan with a launch scheduled for July 2028 and arriving at Titan in 2034. This approval gives teams the funding needed to complete the final design, construction, and pre-flight testing of all systems. The amount given to complete this mission […]

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Tesla lays off more in the U.S., seeks voluntary job cuts at Giga Berlin

Tesla is set to lay off more workers in the U.S., and the company is also seeking voluntary departures in Germany. After we reported on the email Tesla sent to workers affected by its initial round of layoffs last week, multiple other rounds of layoffs and departures have hit the company’s global worksites. Ahead of […]

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Tesla China registrations remain soft at 5,160 units in April’s third week

Tesla China’s domestic registrations still seem quite soft during Q2 2024’s third week. As observed by industry watchers, Tesla China saw 5,160 new vehicle registrations during the week of April 15-21, 2024. The week’s results represent a 17.17% decline from the 6,230 registrations that were tracked in the week ending April 14, 2024.  Tesla China does not post its weekly sales […]

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Tesla launches new Model 3 Performance: 0-60 MPH in 2.9 seconds, 296 mi range, $52990

Tesla has launched the new Model 3 Performance, an updated all-electric powerhouse with several notable changes to its affordable lineup. Packing some serious power and bringing multiple cosmetic and performance changes to it, the Tesla Model 3 Performance will now feature improvements over the past iterations of the vehicle. With a new drive unit that […]

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