LG Energy Solution has completed preparations for a new 4680 battery production line at its Ochang plant, according to Senior Vice President Noh In-hak (via @Tslachan). During the company’s Q2 earnings conference call, Noh stated, “We aimed to expedite mass production but due to internal adjustments and scheduling coordination with our clients, we plan to […]
On July 23, Elon Musk launched a poll on X, asking whether Tesla should invest $5 billion in xAI, contingent upon a valuation determined by several credible outside investors. Musk clarified that board approval and a shareholder vote would be required, emphasizing that the poll was intended to gauge public interest. The poll attracted significant […]
Ford’s electric vehicle (EV) business recorded a significant loss of $1.1 billion in the second quarter of 2024. Despite generating $1.1 billion in revenue, the EV unit faced a loss margin of -99.5%. This downturn was compounded by a 23% decrease in vehicle volume compared to the previous year. Key factors contributing to the losses […]
WestJet and Telus have announced the initial phase of a strategic alliance to improve the inflight experience for WestJet passengers. This partnership will introduce high-speed, free internet provided by Telus and powered by Starlink, marking a significant advancement in onboard connectivity. “By partnering with Telus, we are redefining standards in the Canadian airline industry with […]
Tesla has started rolling out Full Self-Driving (Supervised) version 12.5 to more owners, as part of its 2024.20.10 software update. Tesla CEO Elon Musk said FSD 12.5 is prioritized for Model Y vehicles with Hardware 4 (HW4). Support for HW3 vehicles is coming. According to 2024.20.10 release notes, it includes FSD 12.5. Check out the […]
Tesla announced its Q2 2024 financial results on Tuesday, reporting a GAAP operating income of $1.6 billion, despite incurring $0.6 billion in restructuring charges. The company achieved a GAAP net income of $1.5 billion and a non-GAAP net income of $1.8 billion. “We achieved record quarterly revenues despite a difficult operating environment,” Tesla stated. Financial […]
Fortnite announced on Monday that it will introduce Tesla’s Cybertruck into its game starting Tuesday. “Catch a ride in the @teslaCybertruck in Fortnite tomorrow!” stated the announcement. Similarly, the racing game Rocket League revealed today that the Cybertruck would also be available in its game starting Tuesday. Both games had teased the inclusion of the […]
Tesla has announced a new financing promotion for its Model Y compact crossover SUV. In North America, Tesla is offering 1.99% APR financing for new Model Y orders placed before August 31, with delivery required by September 30. Additionally, Tesla is extending this promotion to New Zealand, where customers can also take advantage of the […]
Tesla and Harmony Energy are set to build France’s largest battery energy storage system (BESS) using Megapack technology. The Cheviré battery project, located in Nantes Saint-Nazaire Harbour, will feature a 100 MW / 200 MWh storage unit, capable of powering 170,000 homes for two hours. Construction is set to begin soon, with the system expected […]
Tesla is offering up free paint upgrades if you purchase Full Self-Driving Capability for your Model 3 Performance. The company’s website now reads, “All paint configurations are included with purchase of Full Self-Driving Capability.” Regular prices of paint upgrades are as follows: Stealth Grey – included Pearl White Multi-Coat – $1,000 Deep Blue Metallic – […]
The California New Car Dealers Association (CNCDA) has released its California Auto Outlook for the first half of 2024, presenting a detailed analysis of new vehicle registrations and sales projections for the year. The report, based on data from Experian Automotive, highlights a slight overall decline in California’s new light vehicle registrations by 0.7 percent […]
Tesla and Intersect Power have announced a contract for 15.3 GWh of Tesla’s Megapack battery energy storage systems for Intersect Power’s solar + storage projects through 2030. This agreement cements Intersect Power as one of the largest operators of Megapacks globally, with nearly 10 GWh of storage expected by the end of 2027. The new […]
SpaceX’s Starlink satelite internet expanded to Canada back in 2020, and now Canadian customers look to be the second biggest market for the service outside of the U.S. On Wednesday, Starlink revealed stats about its Canadian customer base, noting over 400,000 active customers. “Starlink is now providing high-speed internet to more than 400k active Canadian […]
Cathie Wood of Ark Invest predicts a significant surge in Tesla’s share price, driven by its upcoming entry into the autonomous taxi platform sector. Describing the autonomous taxi market as an “$8 trillion to $10 trillion global revenue opportunity,” Wood noted that Tesla could capture up to half of this market. She emphasized that Ark’s […]
Tesla CEO Elon Musk announced on Friday, April 5, that the company would unveil its Robotaxi on August 8, 2024. “Tesla Robotaxi unveil on 8/8,” Musk stated. Following the announcement, Musk responded to a comment by @SawyerMerritt, noting, “8/8 and year of the Dragon,” highlighting the significance of the number 8 in Asian cultures. On […]
