Lucid Group has announced that their upcoming Lucid Gravity electric SUV is advancing to its latest phase of development and testing. Building on the success of the Lucid Air, the Gravity SUV is now undergoing public road tests across the U.S. “I am excited to see the Gravity SUV moving forward so quickly in its […]
Summary: GM plans to cease production of Chevrolet Bolt EV and EUV models by the end of 2023. The Detroit plant will be retooled to prepare for electric Chevy Silverado and GMC Sierra truck production in 2024. GM aims for a production capacity of 1 million EVs annually in the U.S. and China to compete […]
Tesla announced it has opened up its Superchargers in China to non-Tesla vehicles, following a similar move in Europe, the U.S. and beyond, a total of 10 countries and regions. On Weibo, Tesla says this new Supercharger pilot program for non-Tesla EVs has begun at 10 stations and will work for 37 models of non-Tesla […]
Summary: Tesla produced and delivered over 1.3 million electric vehicles in 2022, helping avoid 13.4 million metric tons of CO2 emissions. The company outlined a five-step plan to transition to sustainable energy, emphasizing solar, wind, and battery technologies. Tesla demonstrated commitment to responsible sourcing, engaging with 800+ suppliers and increasing supply chain transparency. Tesla has […]
Tesla has announced a new ownership loyalty benefit for current Model S and Model X owners with active unlimited free Supercharging. The perk appears to be an attempt to make legacy owners with rare unlimited free Supercharging to give it up. Eligible owners can now enjoy six years of unlimited Supercharging when trading in their […]
According to the latest data released by Statistics Canada, the number of new zero-emission vehicle (ZEV) registrations in Canada experienced a slight decline in Q4 2022 compared to the previous quarter. The data showcases the quarterly registration numbers for ZEVs across various provinces and territories in the country. In Q4 2022, a total of 33,399 […]
Dubai-based taxi company, Arabia Taxi Dubai, announced the addition of 269 Tesla Model 3 cars to its fleet in a significant step towards meeting sustainable transport targets. The company, a subsidiary of the Economic Group Holdings owned by Sheikh Majid bin Hamad Al Qasimi, has signed an exclusive agreement with Tesla to support the transition […]
Summary: Tesla raises its 2023 capital expenditure forecast to between $7 billion and $9 billion, up from $6 billion to $8 billion, in response to growing EV demand. The company is aggressively ramping up production, expanding its Nevada Gigafactory, and increasing output at its Berlin and Austin factories. For the first time, Tesla has begun […]
Tesla has started producing a version of its Model Y electric vehicle (EV) in Shanghai, set to be exported to Canada, marking the first time the company will ship cars from China to North America, according to an insider source and a production memo obtained by Reuters. This move connects Tesla’s most cost-efficient factory globally […]
Summary: Travelers Rest Police Department introduces Tesla Model Y patrol cars. Electric vehicles provide unique safety features and improved pursuit capabilities. Lower maintenance costs and eco-friendliness make Teslas an attractive addition to the fleet. In a bid to help the environment and catch violators more efficiently, the Travelers Rest Police Department has introduced two new […]
Summary California state court jury rules in favor of Tesla, finding that the Autopilot feature did not fail to perform safely in a crash. Justine Hsu, who filed the lawsuit in 2020, sought more than $3 million in damages, alleging defects in Autopilot and the airbag. The trial’s outcome could influence future cases related to […]
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, […]
