Tesla is considering options outside of Nuevo Leon for a potential production facility in Mexico as concerns with energy supply by the Federal Electricity Commission (CFE) have established potential barriers for the location. According to several media outlets in Mexico, Tesla and its CEO Elon Musk had outlined its needs for water, roads, labor, and […]
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Tesla battery partner Panasonic cut its 2023 outlook by 12.5 percent after it missed earnings expectations. The Japanese company will lean on automotive batteries, including the 2170 and 4680 chemistries, to improve profitability for operations this year. Panasonic’s Earnings Call on Thursday revealed it struggled with headwinds caused by a weakened global economy and high […]
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Tesla started a price war last month, and as the company works to keep its costs as optimized as possible, some of its suppliers are preparing to experience some pressure. The concerns were related by industry officials who work with Tesla and its suppliers. Comments from executives during the fourth quarter and full-year 2022 earnings […]
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While testifying on Wednesday, Sam Teller, Elon Musk’s former chief of staff, stated that the Tesla CEO had a “handshake deal” with representatives from the Saudi Arabia Public Investment Fund before the infamous “funding secured” tweet was posted on Twitter. Teller had worked closely with Musk from 2014 to 2019. Elon Musk had already taken […]
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Japanese carmaker Honda and American automaker General Motors do not seem to be ready to abandon hydrogen fuel cell systems just yet. In a press release, Honda revealed that it would be launching a new FCEV model equipped with a next-generation fuel cell system in 2024. The technology was co-developed with GM. While Honda is […]
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During the Q4 and FY 2022 earnings call, Elon Musk noted that Tesla is seeing so much demand for its vehicles in January that the company has started slightly raising the prices of some of its vehicles. Tesla’s delivery estimate for the Model Y Long Range suggests that Musk’s statement was accurate. A look at […]
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The Boring Company’s Vegas Loop tunnels recently hosted a rescue simulation from the Clark County Fire Department. Images of the exercise were shared online. In a post on social media, Clark County Nevada noted that the exercise was a good way to prepare for any uncertainties that may arise in the Boring Company’s Vegas Loop […]
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Rivian (NASDAQ: RIVN) is expected to layoff six percent of its workforce following pressure from EV rivals, which have cut prices significantly already in 2023, putting pressure on electric vehicle makers attempting to reach profitability. According to an internal memo seen by Reuters, Rivian is axing six percent of its employees in an effort to save […]
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An upcoming EV chip manufacturing plant in Germany is poised to finally tackle the chip shortage that has ravaged automakers worldwide. If one thing has become eminently clear over the past three years, it is the fact that the supply chains that bring us everything from cars to surgical masks are incredibly delicate and, further, […]
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Tesla owners are indicating that the YouTube application in their vehicles is strangely locked at a low resolution after a recently rolled-out software update. As early as Monday, January 30, Tesla owners began reporting that the YouTube videos they attempted to watch in their cars were no longer upgrading to higher video resolutions. Over the […]
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