Tesla vehicles have been included on a Chinese government purchase list for the first time, as reported by the state-owned media outlet Paper.cn, reports CNN. The government of Jiangsu province in eastern China has listed Tesla as the only foreign-owned electric vehicle (EV) brand in its procurement catalog. Other brands on the list include Volvo, […]
Ahead of the Independence Day, Tesla has announced a new Military Purchase Program. The programme says, “made in America for those who served.” Tesla is providing a $1,000 discount on Model 3, Model Y, Model S, and Model X vehicles for U.S. military veterans, retirees, active duty members, and their spouses. The offer includes unlimited […]
Fisker has requested a bankruptcy judge to approve the sale of more than 3,000 Ocean electric crossovers from its inventory to a vehicle-leasing company at approximately $14,000 US per car. Following the judge’s approval, Fisker plans to sell 3,321 electric vehicles to American Lease, a New York-based firm, for $46.25 million, according to a court […]
Rivian’s stock increased on Tuesday after the electric vehicle manufacturer reported quarterly delivery figures that significantly surpassed forecasts. The California-based company announced it delivered 13,790 vehicles in the second quarter, representing a 9.1% increase from the same period last year. This total exceeded the FactSet consensus estimate of 12,000 EVs by a margin of 14.9%, […]
In the second quarter of 2024, Tesla produced approximately 411,000 vehicles and delivered around 444,000 vehicles, surpassing analyst expectations. Analysts had predicted Tesla would deliver 439,000 vehicles in the three months ending June 30, according to estimates compiled by FactSet StreetAccount. The total number of deliveries in the second quarter represents a 4.8% decrease from […]
Tesla is asserting that CEO Elon Musk has won his legal battle over his $56 billion compensation package, citing shareholder approval as the basis for this claim. This stance comes despite a judge rescinding the pay package earlier this year, as revealed in a court filing made public on Friday, reports the Guardian. The filing […]
Rivian Automotive and Volkswagen Group have announced plans to form a joint venture to develop next-generation software-defined vehicle (SDV) platforms. The partnership aims to enhance the software technology in both companies’ future electric vehicles. Volkswagen will make an initial investment of $1 billion in Rivian, with up to $4 billion in additional funding, bringing the […]
Tesla has announced two separate recalls affecting the 2024 Cybertruck, involving over 23,000 vehicles in total. First Recall: Windshield Wiper Motor Controller Defect Tesla is recalling 11,688 Cybertruck vehicles manufactured between November 13, 2023, and June 6, 2024, due to a defect in the windshield wiper motor controller. The defect, identified as electrical overstress to […]
Tesla has introduced a new accessory, the Model Y Air Mattress, priced at $225 ($310 in Canada). This product came online earlier this week, and quickly sold now, now currently out of stock. But interested customers can sign in to their Tesla account to check compatibility and request email notifications for restocking updates. The Model […]
ARK Investment Management has updated its open-source model for Tesla, projecting an expected value of $2,600 per share by 2029. The forecast includes bull and bear cases, with potential share prices of approximately $3,100 and $2,000, respectively. These estimates are derived from Monte Carlo simulations that account for 45 independent inputs to predict various outcomes […]
General Motors (GM) is reducing its forecasted sales and production of all-electric vehicles (EVs) for this year, citing slower-than-anticipated U.S. adoption of EVs. GM Chief Financial Officer Paul Jacobson announced the company now anticipates producing 200,000 to 250,000 EVs in 2024, down from the previously stated range of 200,000 to 300,000. Despite this adjustment, Jacobson […]
Tesla is advancing its Full Self-Driving (FSD) technology in China by partnering with Baidu to upgrade its mapping software. This collaboration is a significant step towards securing government approval for Tesla’s FSD rollout in the region. Last week, Baidu teased the new maps integration in Tesla, and now we have a follow-up on the news. […]
Will Tesla release a Model Y ‘refresh’ in 2024 like it did with the new Model 3? According to CEO Elon Musk, the answer is no. When @CuriousPejjy posted on X, “There’s rumors going around that the $TSLA Model Y Refresh will be ready by next month…I’m having a hard time believing that,” he ended […]
Tesla has started rolling out its 2024.15.5 software update for owner testers and it includes the latest Full Self-Driving (FSD) Supervised version 12.4.1. Elon Musk said a weekend rollout was possible and here it is as promised! This version includes the new cabin camera driver monitoring, which will eliminate the steering wheel nag. But there […]
Unplugged Performance, through its UP.FIT division, has introduced the first-ever Tesla Cybertruck designed for police use. This groundbreaking vehicle, revealed in a recent video, has already attracted interest from law enforcement agencies across the country. The company first teased this was coming back in December. UP.FIT, the global leader in upfitting Teslas for fleet use, […]
