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 […]
Tesla’s AI training capacity is set to increase significantly by the end of 2024. The company plans to ramp up to approximately 90,000 H100 equivalent GPUs. Tesla CEO Elon Musk gave some more details to say, “Important to note that we also use the Tesla HW4 AI computer in the training loop with Nvidia GPUs, […]
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 […]
Today, the Irvine Police Department hinted at a major upgrade to their fleet on social media, announcing, “Coming soon to Irvine Police—Cybertruck.” The image shared resembles the UP.FIT Cybertruck police vehicle, previously introduced by Unplugged Performance. Unplugged Performance, through its UP.FIT division, recently unveiled the first-ever Tesla Cybertruck modified for police use. This innovative vehicle […]
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 CEO Elon Musk has provided an update on when the company will hold its highly-anticipated Robotaxi unveil. On the company’s Q2 earnings call, Musk said the new Robotaxi unveil date will be on 10/10, or October 10, 2024. The company originally has scheduled the Robotaxi unveil date as 8/8, August 8, but the date […]
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 […]
Tesla started rolling out its Full Self-Driving (FSD) version 12.5 to some testers beyond employees on late Monday evening. This is the version that will eventually bring FSD to Cybertruck. But many seeing FSD 12.5 were only on vehicles with Hardware 4 (HW4), such as @WholeMarsBlog. When he asked Tesla CEO Elon Musk on X, […]
Rivian CEO and founder RJ Scaringe addressed the current state of the electric vehicle (EV) market and competition with Tesla in a recent interview with Nilay Patel, editor-in-chief of The Verge. Scaringe emphasized the lack of choice in the sub-$50,000 EV market as a primary reason for the perceived slowdown in EV sales. “What I […]
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 […]
When will Tesla release the Cybertruck in Canada? The company said on X on Saturday it is “still aiming” for 2024. This news comes after Transport Canada issued an exemption order under Section 9 of the Motor Vehicle Safety Act, allowing Tesla to deploy its Cybertruck model with a steer-by-wire system that does not conform […]
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 […]
