Volkswagen is taking a significant step forward in its electric vehicle strategy in North America, announcing the construction of its largest gigafactory to date in St. Thomas, Ontario, Canada. With a planned investment of up to €4.8 billion / CAD$7 billion by 2030, the facility will have an annual production capacity of up to 90 […]
Select models of Tesla’s Model Y now qualify for the iZEV $5,000 federal rebate in Canada, while also now eligible for select provincial rebates as well. This is possible because the Model Y RWD has returned to Canada, priced at $59,990 CAD (via @SawyerMerritt). This car has an estimated EPA range of 394 km and […]
Tesla continues to tweak its pricing in the United States, this time increasing the price of the Model S and Model X, as noted by @Tslachan. Check out the price increases below for Model S: Model S AWD: $87,490 (was $84,990; +$2,500) Plaid: $107,490 (was $104,990; +$2,500) Here are the price increase for Model X: […]
Summary: ARK predicts Tesla’s share price at $2,000 by 2027, with $2,500 and $1,400 as bull and bear cases. Robotaxi business contributes significantly to Tesla’s expected enterprise value and EBITDA in 2027. Updated model factors in autonomous ride-hail services, capital efficiency, and energy storage deployment. ARK Investment Management has released an updated open-source Tesla model, […]
SpaceX’s Starship took a significant leap forward with today’s initial flight test of the fully integrated Starship and Super Heavy rocket, launched from Starbase in Texas. Starship made history at 8:33 a.m. CT, as it lifted off from the orbital launch pad for the first time. The vehicle reached an unprecedented apogee of around 39 […]
Summary: Honda debuted two prototypes, the e:NP2 and e:NS2, and a concept model, the e:N SUV 序, at Auto Shanghai 2023, as part of its e:N Series EV lineup. The automaker aims for 100% EV sales in China by 2035, with plans to introduce 10 Honda-brand EV models in the country by 2027. The new […]
SpaceX today completed its first flight test of Starship, lifting off from the pad in Starbase in Texas. The first launch wasn’t without some drama, as the countdown to 40 seconds paused, before some more last-minute flight checks, to only resume to counting down to launch. The roaring sound of 31 Raptor engines lighting up […]
Tesla’s mobile app was updated to version 4.20.69 today (naturally!) and the release notes indicate a couple of new updates, but one major addition is trip planning from the app. According to the release notes, Tesla says “Phone Key pairing no longer requires your Key Card to complete”. It’s unclear why they removed this step […]
Summary: JLR commits £15 billion ($16.4 billion USD) to advance its electric-first future, transforming UK plants into all-electric facilities. The company adopts a House of Brands approach to emphasize the unique character of Range Rover, Defender, Discovery, and Jaguar. The first all-electric Range Rover and reimagined luxury electric Jaguars signal the beginning of an exciting […]
Summary: Rivian plans to open its growing EV charging network to the public as early as next year. The company aims to build a network of 600 charging stations within two years across the US and Canada. Rivian could receive government funds starting in 2024 to expand its charging network, provided its chargers are open […]
On Tesla’s Q1 2023 earnings report, the company saw record production and deliveries, with revenues of $23.3 billion, up 24% year-over-year. In regards to the Tesla Cybertruck, the company shared photos of its production line and also winter testing photos for the first time. “Equipment installation for Cybertruck production at Gigafactory Texas continued in Q1 […]
Tesla today announced its Q1 2023 earnings and revenues of $23.3 billion for Q1 2023, up 24% year-over-year, while net income was at $2.5 billion, thanks to its record production and deliveries. Tesla sees the current macroeconomic environment as a unique growth opportunity, leveraging its cost leadership position. The company’s primary focus is to increase […]
Tesla announced its Q1 2023 earnings on Wednesday after the bell, revealing $23.3 billion in revenue and $2.5 billion in net income, thanks to record production and deliveries. The company also showed off the first images of the Cybertruck pilot line at Gigafactory Texas, plus an image of the upcoming truck winter testing. “Equipment installation […]
Mini, the British compact car maker owned by BMW, is considering producing electric vehicles (EVs) in North America to expand its cost-competitive offerings in the United States. According to sources familiar with the plans, a Mini electric crossover could go into production at BMW’s central Mexico factory in the second half of the decade, reports […]
Summary: CATL unveils condensed battery technology with 500 Wh/kg energy density, revolutionizing electric aviation and automotive industries. The innovative battery employs biomimetic condensed state electrolytes and other advanced materials for enhanced performance and safety. CATL collaborates with partners to develop electric passenger aircrafts and plans to mass-produce automotive-grade condensed batteries within the year. Tesla supplier […]
