Stories by Sarah Lee-Jones

Tesla has disclosed on its balance sheet it sold some of its previous $1.5 billion investment in Bitcoin, and saw $272 million in proceeds from the sale, based on the “proceeds from sales of digital assets” on its cash flow from investing activities. Tesla said in its Q1 slide deck, “quarter-end cash and cash equivalents […]

During Tesla’s record first quarter earnings, the company also provided an update for the “installed annual capacity” of its current factories in California and Shanghai, China. According to Tesla, its Fremont, California factory can currently produce 100,000 Model S and Model X vehicles, along with 500,000 Model 3 and Model Y vehicles per year. As […]

Tesla reported its first quarter earnings on Monday and the company has posted record numbers. The company saw $10.39 billion in revenue, an increase of 74% year-over-year, while net income was also a record at $438 million for Q1. “In Q1, we achieved our highest ever vehicle production and deliveries. This was in spite of […]

Image credit: SpaceX SpaceX continues to make history with its Dragon capsule, as the latter successfully docked autonomously to the International Space Station at 5:08am EDT, on Saturday, April 24. Dragon was launched into orbit on Friday morning by SpaceX’s Falcon 9 booster took a day to reach the ISS. “This is the first human […]

Tesla and SpaceX CEO Elon Musk is set to hit television as the host of Saturday Night Live on May 8, 2021. Musk will host SNL with musical guest Miley Cyrus on NBC’s late-night show. The Tesla CEO is well-known for his love of jokes and sharing memes from his Twitter account, so appearing on […]

SpaceX’s Falcon 9 booster launched its Dragon capsule with NASA astronauts from the Kennedy Space Center in Cape Canaveral, Florida this morning, taking off at 2:49am PDT/5:49am EDT. Liftoff of Falcon 9 and Dragon! pic.twitter.com/g6Oi8qwU2Y — SpaceX (@SpaceX) April 23, 2021 After a successful launch and main engine cutoff, stage separation was confirmed and the second […]

Tesla has again increased prices of the Model 3 and Model Y again in the U.S., in what continues to be the electric automaker tweaking its prices, yet again (via @SawyerMerritt). The new increases come two weeks after Tesla had hiked prices by $500 to $1,000, depending on the configuration. Check out the changes below […]

Tesla CEO Elon Musk announced on Wednesday night changes to how Tesla Solar Panels and Roof products will be sold. According to Musk, “Starting next week, Tesla Solar Panels & Solar Roof will only be sold as an integrated product *with* Tesla Powerwall battery.” In other words, you won’t be able to buy Tesla’s solar […]

Electrify Canada has announced it will offer Canadians free electrical vehicle charging on Earth Day, Thursday, April 22, at all of its fast-charging stations nationwide. The Volkswagen subsidiary says it will not charge EV drivers for charging sessions from: 12:00am EDT April 22 through 3:00am EDT April 23 “Driving electric is an impactful action consumers […]

Tesla released its 2021.4.16 software update this evening, detected on a Model 3 in China, according to @TeslaFi. Software version 2021.4.16 was just detected on a Tesla Model 3 Long Range in Sichuan China on https://t.co/uh4cmi9Zso. Follow the release at https://t.co/b5bCWrKlB8 — TeslaFi (@teslafi) April 20, 2021 This update doesn’t contain the highly anticipated next version […]

Honda on Monday unveiled its SUV e:prototype at the Shanghai Auto Show, which the company says is slated to go on sale in spring 2022 in China, as the first Honda-branded EV in the country. The Japanese automaker didn’t share more details on its SUV e:prototype, other than saying it “pursued dynamic, yet smooth acceleration […]

Tesla CEO Elon Musk confirmed on Monday afternoon the fatal crash involving a Tesla Model S was not on Autopilot, despite what local police had suspected in Harris County in Houston, Texas. Musk responded to Ahmad A Dalhat (@Amart15416132), who had questioned the Wall Street Journal’s take on the story. “This doesn’t make sense. There […]

Earlier this year, Elon Musk announced he would be putting up $100 million in prize money to kickstart a competition for carbon removal technology. In February, it was announced non-profit XPRIZE would host the competition, which will see 50% of the prize money go to the first place winner. Now, XPRIZE has announced Elon Musk […]

Tesla has won the month of March in Germany when it comes to plugin electric vehicle sales. According to data compiled by EV Sales, Tesla’s Model 3 beat out Volkswagen’s compact e-Up! EV last month, seeing 3,699 units sold, compared to 3,599 for the latter. In third place was the Hyundai Kona EV, followed by […]

Tesla released its Q1 2021 safety report today, detailing in the recent quarter “we registered one accident for every 4.19 million miles driven in which drivers had Autopilot engaged.” Compared to Q4 2020, Tesla registered one accident for every 3.45 million miles driven when drivers had Autopilot engaged. “For those driving without Autopilot but with […]