Thanks to the New Zealand government’s Clean Car policy, Tesla’s revenues have seen an exceptional leap from $66 million in 2020 to nearly half a billion dollars in 2022. According to Tesla New Zealand’s financial statements, the company’s revenue stood at $499.5 million in 2022, more than double from $230.7 million in 2021, reports NZ […]
In a move to expand its global footprint, Tesla is setting up its first factory in Mexico and is currently in the reported search of local parts suppliers. This is a part of the company’s strategy to capitalize on the “nearshoring” trend, to stay close to U.S. consumers and mitigate the challenges they faced with […]
NASA officials have expressed reservations regarding the preparedness of SpaceX’s massive Starship vehicle to transport astronauts to the moon’s surface by the slated December 2025 timeline under the ambitious Artemis program. The agency has suggested the possibility of postponing the launch date until 2026 due to the unprecedented challenges SpaceX has faced. In 2021, NASA […]
Tesla has cancelled orders for some Model Y Long Range vehicles Canada, which appears due to its switch in production from Fremont to Giga Shanghai, according to posts in a Tesla Model Y Canadian group on Facebook. Customers affected by this change received communication from Tesla today stating that the vehicle configuration they had ordered […]
In a move to strengthen its cutting-edge battery production, electric vehicle giant Tesla has leased a 210,000-square-foot advanced manufacturing facility in Fremont, California, sources revealed to the San Francisco Business Times. The facility, situated at 48401 Fremont Blvd., is owned by San Francisco industrial real estate investment trust Prologis. The new plant will be utilized […]
In a recent move signalling greater alignment within the e-mobility industry, ABB E-Mobility, a globally recognized leader in the field, announced its decision to adopt the North American Charging Standard (NACS) for its products. This step aligns ABB with industry giants like Ford and GM, who have also recently adopted the Tesla-backed charging standard. ABB […]
The White House announced on Friday that Tesla’s model chargers would qualify for billions in federal subsidies, on the condition that they include the CCS (Combined Charging System) connection. This news follows recent announcements from Ford and General Motors (GM) about their adoption of Tesla’s North American Charging Standard (NACS), signaling a significant shift in […]
Tesla, under the leadership of Elon Musk, could potentially garner earnings as high as $3 billion by the end of the decade, leveraging its charging network agreements with automotive giants Ford and General Motors. The projection comes from an analysis conducted by Piper Sandler, reports Bloomberg. The most recent agreement was announced on Thursday in […]
Tesla is ramping up plans for its much-anticipated Cybertruck, aiming to manufacture 375,000 units annually, with release candidates expected by late August, according to supposed internal communications sent to suppliers, reports Electrek. The futuristic-looking electric pickup truck, dubbed one of the most eagerly awaited electric vehicle programs slated for launch this year, has attracted around […]
In a commitment to standardizing electric vehicle (EV) charging, General Motors announced today it plans to integrate Tesla’s North American Charging Standard (NACS) into its EV designs from 2025. This move comes as part of a collaboration with Tesla, which will also allow GM EV drivers to access Tesla’s extensive Supercharger network from early 2024. […]
According to a report from Cinco Dias, Tesla is currently in discussions with Valencia’s regional government in Spain to set up a car factory. The sources for this information requested anonymity due to the sensitivity of the talks, reports Reuters. The investment for the proposed factory by Tesla could exceed 4.5 billion euros ($4.83 billion), […]
Apple has announced a significant enhancement to its Apple Maps service in iOS 17, aiming to better support the growing number of electric vehicle (EV) users. A new feature will enable drivers to see real-time availability of charging stations along their routes, providing a significant boost to the practicality of electric vehicle usage. The new […]
Tesla is reportedly encouraging numerous Chinese suppliers to establish factories in Mexico, reports unnamed sources speaking to 36kr. The urgency of this transition, according to industry insiders, lies in Tesla’s ambitious plan to emulate its efficient Giga Shanghai overseas. Tesla suppliers, including the Xusheng Group, have already revealed intentions to build factories in Mexico this […]
Tesla has made notable changes to the pricing information presented on its website, now promoting the prices of its Model 3 and Model Y vehicles factoring in the potential savings from the Federal Tax Credit (via @Tslachan). Clicking the “starting at” price link takes customers to existing inventory, which currently is showing extra discounts across […]
Kairan Quazi in 2020, Age 10 / Twitter At an age when most teenagers are entering high school, Kairan Quazi, a prodigious 14-year-old, is celebrating his graduation from Santa Clara University and readying himself for a position as SpaceX’s youngest software engineer. This extraordinary achievement places Quazi as the youngest-ever graduate in the 172-year history […]
