In the third quarter of 2023, Rivian reported significant advancements in its production capabilities and financial performance, marking its strongest quarterly production rate to date with over 65,000 units annually. The company’s financial results have positively reflected these improvements, with a notable increase in production guidance to 54,000 units for the year. The EV manufacturer […]

Lucid Group has announced its third-quarter financial results, with revenues reaching $137.8 million, attributed to the delivery of 1,457 vehicles, below Wall Street expectations of over 2,275 cars delivered and $177 million revenue. The company has begun production of the Lucid Air Pure RWD and Lucid Air Sapphire, completing its Lucid Air series. Amidst these […]

Cruise, a subsidiary of General Motors, has come under scrutiny for the safety of its autonomous vehicles (AVs), particularly regarding their ability to detect and appropriately respond to children. Internal documents obtained by The Intercept have revealed that Cruise’s driverless cars have struggled to recognize children, posing a risk of collision in certain scenarios. The […]

SpaceX is poised to achieve approximately $9 billion in revenue this year, with projections indicating a potential increase to about $15 billion by 2024. Sources familiar with the company’s financials, who requested anonymity due to the private nature of the information, suggest that the growth will be driven significantly by the Starlink internet service, reports […]

Lucid Group has announced a significant update to its charging infrastructure strategy, revealing that Lucid electric vehicles (EVs) equipped with the Combined Charging System (CCS) will gain access to over 15,000 Tesla Supercharger stations across North America starting in 2025. This development comes as Lucid prepares to incorporate Tesla’s North American Charging Standard (NACS) into […]

Chinese hybrid electric vehicle leader, BYD, is reportedly considering Hungary as the location for its inaugural European car manufacturing facility, according to the German newspaper, Frankfurter Allgemeine Sonntagszeitung. The report, which cites anonymous sources close to BYD, comes after an article on a Shenzhen government website mentioned a meeting between Hungary’s Prime Minister Viktor Orban […]

Tesla is set to manufacture a 25,000-euro ($26,838) electric vehicle (EV) at its facility near Berlin, according to a source familiar with the matter, reports Reuters. The timeline for the commencement of production remains undisclosed. Tesla’s stock saw a 3% rise in pre-market trading in the U.S. following the report, which was cited earlier on […]

Online retailer Tesloid has specialized winter tire packages for Tesla Model 3 and Model Y vehicles to improve safety and performance during winter. For the Model Y, the package is priced at $3,149.99 CAD or $2,349.99 USD. It includes four Michelin X-Ice Snow Tires on 19-inch Gemini OEM rims and includes four Tire Pressure Monitoring […]

Tesla, facing growing unionization drives in Germany and potential similar initiatives in the U.S., has announced wage increases for its factory workers in Germany. The decision was unveiled during CEO Elon Musk’s recent visit to the Gigafactory located just outside Berlin, reports the Wall Street Journal. Tesla’s German management disclosed a wage hike package for […]

The Chinese auto market is buzzing with plugin vehicles, recording over 776,000 sales in September, marking a 22% increase year-over-year. This surge in sales is the second consecutive monthly record, with predictions of the trend continuing for the rest of the year. The total sales for the year have already surpassed 5.4 million units, reports […]

Do you want a matte black Tesla Cybertruck? Looks like Tesla’s latest Cybertruck prototype being driven on the streets has a custom matte black wrap on it, and was driven by the company’s chief designer Franz von Holzhausen. According to a video shared by @AtomAntEater on X, the user said, “We saw Franz driving a […]

Tesla’s Model Y has been priced at 44,990€ in the Netherlands, making it now eligible for the country’s 2,950€ SEPP incentive, according to a recent post from Tesla Europe. In related news, Roland Pircher, an industry analyst, reported on the performance of Tesla in the Netherlands for the month of October. The data reveals that […]

SpaceX is gearing up for the second flight test of its fully integrated Starship, with a potential launch date set for mid-November, subject to regulatory clearance. The news comes after a safety review of Starship was completed by the FAA. The company has announced that a live webcast will cover the flight test, commencing approximately […]

Tesla has unveiled a new program in Puerto Rico, allowing Powerwall owners to earn by supporting the local grid. This move is set to potentially establish the world’s largest virtual power plant (VPP). The Tesla Virtual Power Plant (VPP) aims to connect distributed batteries installed in residential homes, enhancing the reliability and resilience of Puerto […]

Tesla’s East Austin Gigafactory is on track to feature the world’s largest rooftop solar installation, according to company representatives. Logan Grant, Tesla’s senior manager of factory engineering, informed the Travis County Commissioners Court that the first phase, capable of generating 10 megawatts, is complete. Upon completion, the installation will produce 30 megawatts. Responding to Precinct […]