In a recent interview with Bloomberg Television, Jim Chanos, a well-known short-seller, expressed skepticism about Tesla’s valuation and technological prowess. “We’re short the stock and we just think it’s ridiculously overvalued,” said Chanos. Chanos criticized Tesla for its constantly changing narrative. “The Tesla story keeps changing right every few months. The Tesla faith will trot […]
Tesla is set to deliver a letter of intent today to the Government of the State of Nuevo León, formalizing plans to establish a Gigafactory in the municipality of Santa Catarina. The exact construction date remains unspecified. Governor Samuel García Sepúlveda will receive the written formalization from Tesla’s executives to commence the construction of the […]
Tesla CEO Elon Musk hinted at the possibility of offering an optional tungsten carbide coating for the company’s upcoming Cybertruck. The coating would make the vehicle virtually scratch-proof to materials below diamond hardness. Musk’s statement came in response to a social media comment suggesting that those attempting to key a Cybertruck would end up damaging […]
SES and SpaceX’s Starlink have jointly announced a new satellite connectivity solution for the cruise industry, offering unprecedented bandwidth capacity of up to 3 Gbps per ship. The service, dubbed SES Cruise mPOWERED + Starlink, will provide 24/7 high-speed and secure connectivity to cruise ships, irrespective of their geographical location or route. “By being the […]
SpaceX has ceased subsidizing the cost of its Starlink antennas, a move aimed at improving the company’s profitability, according to Jonathan Hofeller, SpaceX’s Vice President of Starlink and Commercial Sales. Speaking at the World Satellite Business Week conference, Hofeller revealed that the company has made significant strides in reducing the manufacturing costs of the antennas, […]
Tesla has officially unveiled details about its upcoming Powerwall 3, the third-generation of its home battery system designed to store solar energy and provide backup power during grid outages. We previously saw a Tesla customer share that a Powerwall 3 was being installed at their home, but now we have official info on Tesla’s website. […]
Tesla aims to source components worth between $1.7 and $1.9 billion from India, according to India’s Union Trade Minister Piyush Goyal. Speaking at the 63rd Annual Session of the Automobile Component Manufacturers Association of India, Goyal revealed that Tesla had already procured parts worth $1 billion last year from Indian suppliers, reports Mint. The announcement […]
In a setback for the autonomous trucking sector, the California Senate approved a bill on Monday that mandates the presence of a trained human safety operator whenever a self-driving heavy-duty vehicle is on public roads. Essentially, this prohibits completely driverless autonomous vehicles (AV) trucks in the state. Bill AB 316, which gained 36 affirmative votes […]
A recent report from Ottawa’s budgetary watchdog, Parliamentary Budget Officer Yves Giroux, has indicated a much longer timeline for the Canadian and Ontario governments to recover their investments in tax credits for Volkswagen and Stellantis battery plants. Contradicting Prime Minister Justin Trudeau’s initial claim of a five-year break-even, the analysis suggests a 20-year horizon. The […]
The investment for Tesla’s under-construction gigafactory in northern Nuevo Leon state has significantly increased from previous projections. On Monday, Nuevo Leon Governor Samuel Garcia announced that Tesla and its suppliers are set to invest $15 billion over the next two years. This is three times the $5 billion figure previously stated by Mexican officials, reports […]
With Tesla’s new Model 3 available for Europe, Asia and the Middle East, the new vehicle comes with major changes as part of its refresh. The rear design has new taillights, which are built right into the trunk lid. Some have been wondering what would happen to these flashing lights for example, when one opens […]
On September 9, 2023, attendees at the Triple-A Buffalo Bisons game at Sahlen Field witnessed a significant moment in automotive advertising. For the first time, an advertisement for Tesla was showcased during the game. This revelation comes shortly after Tesla announced its intention to experiment with advertising strategies back in May of this year at […]
Canada-based Telesat has signed to deal to have SpaceX launch its Lightspeed satellite constellation to Low Earth Orbit (LEO). Under the agreement, Telesat will use SpaceX’s Falcon 9, known for being the most dependable and only reusable orbital rocket presently in operation, for a total of 14 launches. Each launch is set to transport up […]
Tesla has announced another adjustment in its Annual Percentage Rate (APR) for financing in the United States. Customers with an excellent credit rating will now face a change in the APR for both their 72-month and 84-month loan options, as spotted by Sawyer Merritt. The 72-month loan APR has been nudged up to 6.34% from […]
Elon Musk’s audacious vision for the future of cars — a fully autonomous “Robotaxi” — is exposed in Walter Isaacson’s upcoming biography. Musk, never one to shy away from groundbreaking ideas, is quoted as saying, “The future would belong to the Robotaxi,” a revolutionary vehicle that could diminish the need for car ownership. As highlighted […]
