Tesla today outlined its economic footprint in California as part of a new blog post. Since its inception 20 years ago, Tesla has grown to become the Golden State’s largest manufacturing employer, with 47,000 direct employees as of 2022. California is home to Tesla’s Fremont factory — which last year became the highest-yield automotive plant […]
Update Jan. 4: It appears this filing was not made by Tesla, but instead by a fan of the company named Jerome Eady, reports Bloomberg: When reached Wednesday via telephone, Eady said he intended to help the company by filing the application proactively after Chief Executive Officer Elon Musk said its Cybertruck may be usable […]
Tesla sold a record 92,000 electric vehicles (EVs) in Europe during the fourth quarter of 2022, representing a 77% gain from the previous quarter and a 70% increase year-over-year from the same quarter in 2021 (via @piloly). The numbers from Europe for December are now in and @Tesla has, as expected, achieved a significant new […]
The U.S. Internal Revenue Service (IRS) has invited public comments on the eligibility criteria for electric vehicle (EV) tax credits under President Joe Biden’s recently-signed Inflation Reduction Act (IRA). 💥 Make your voice heard! The period for written public comments on the IRA EV Tax Credit is open. Tax subsidies should be an even playing […]
SpaceX is raising $750 million USD as part of a new round of investment that puts the private company’s valuation at a whopping $137 billion — reports CNBC. The news comes just a couple of months after SpaceX CEO Elon Musk denied reports of the company planning to raise funds at a valuation of over […]
Piedmont Lithium Inc., an Australian lithium mining company headquartered in North Carolina, has amended its deal with Tesla to supply the electric vehicle (EV) maker with spodumene concentrate (SC6) — reports MarketWatch. Spodumene is a mineral that contains lithium, an integral component of the lithium-ion batteries used in EVs. In 2020, Piedmont struck a deal to […]
South Korea’s antitrust watchdog has announced a 2.85 billion won (about $2.2 million USD) fine on Tesla for alleged false advertising — reports Reuters. According to the Korea Fair Trade Commission (KFTC), Tesla failed to disclose the shortened driving range of its electric vehicles (EVs) in lower temperatures in its promotional materials. The regulator has […]
About 800 SpaceX Starlink terminals have entered Iran since the service was activated in the country back in September — reports Iran International. Mehdi Mohebi, head of the Tehran Telecom Traders Union, told the publication that the number came from an unnamed “official.” The news comes a little over a week after SpaceX CEO Elon […]
Tesla has promoted the head of its Chinese operations, Tom Zhu, to manage all of the electric vehicle (EV) maker’s factories in the U.S., along with sales operations in both North America and Europe — reports Reuters. According to the publication, the executive change was detailed in an internal posting of reporting lines. As outlined […]
Tesla sold more cars than any other automotive brand in Norway in 2022, according to a report from Reuters. This marks the second consecutive year of Tesla’s dominance as the country’s top-selling car brand. Tesla secured a 12.2% share of the Norwegian market in 2022, selling more vehicles — electric or otherwise — than any […]
Under U.S. President Joe Biden’s recently-signed Inflation Reduction Act (IRA), passenger electric vehicles (EVs) can qualify for a tax credit of up to $7,500 USD. The eligibility criteria for these tax credits, however, have left Tesla’s Model Y at a slight disadvantage. While the seven-seat variant of the Model Y qualifies for the federal tax credits […]
Rental vehicle company Hertz has seen its annual profits jump by 12% since adding electric vehicles (EVs) from Tesla, Polestar, and more to its fleet — reports The Cool Down. Hertz kicked off its transition to EVs by signing a $4.2 billion USD deal with Tesla for 100,000 units of the company’s Model 3 sedan in […]
Tesla dominated electric vehicle (EV) sales in France for the entirety of 2022 — reports Automotive News Europe. The all-electric pioneer also saw the largest volume gains of any automaker in the French market for 2022. Tesla’s sales increased 10% year-over-year, despite overall new car registrations in France dipping 31% below pre-pandemic levels from 2019 […]
Tesla today announced its production and delivery numbers for Q4 2022 and the full year. The company said it produced a total of 439,701 cars and delivered 405,278 vehicles in the fourth quarter, falling slightly short of the analyst consensus of about 417,957 deliveries. “We continued to transition towards a more even regional mix of vehicle […]
NIO on Sunday announced fourth-quarter deliveries of 40,052 electric vehicles (EVs), marking a 60% increase year-over-year and a new quarterly record for the Chinese automaker. The company also marginally beat its own delivery outlook for Q4, which it lowered from 43,000-48,000 vehicles to a more modest 38,500-39,500 last week. At the same time, the EV […]
