Summary: Tesla on Wednesday reported revenues of $23.3 billion for Q1 2023, up 24% year-over-year. The company posted a net income (GAAP) of $2.5 billion, down 24% year-over-year. Tesla ended the quarter with 22.4 billion in cash, cash equivalents, and investments. Tesla announced its quarterly earnings on Wednesday afternoon, reporting record revenue for the first […]

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 […]

Tesla’s latest 2023.12 software update started rolling out over a week ago, offering new controls from the steering wheel’s left scroll wheel button. In the 2023.12 release notes, Scroll Wheel Customization says, “Do more with the left scroll button on the steering wheel. You can adjust settings like brightness and Acceleration Mode, or perform actions […]

Summary: Tesla and CS Energy collaborate on the $150 million Chinchilla Battery Project in Queensland, featuring 80 Tesla Megapack units for renewable energy storage. The project supports the Queensland Energy and Jobs Plan, targeting 70% renewable energy by 2032 and strengthening the energy grid. Chinchilla Battery will store wind and solar energy, providing 100 MW […]

Summary: Albanese Government invests $70M in EV charging infrastructure Funding aims to make EVs more accessible and address range anxiety Over ten projects to receive support, benefiting local governments, businesses, and communities The Albanese Government of Australia is taking a significant step towards making electric vehicles (EVs) more accessible to Australians with a new $70 […]

Tesla continues to tweak its prices and just dropped prices of the Model 3 and Model Y in the U.S., again (via @WholeMarsBlog). Price drops are $2,000 for the entry Model 3 and $3,000 off the entire Model Y lineup. Check out the price drops for Model 3 below: RWD: $39,990 (was $41,990; -$2,000) Performance: […]

SpaceX announced on Tuesday it has expanded its Starlink Maritime service to boats of all sizes, and not just commercial offerings. “Boats can now enjoy download speeds of up to 220 Mbps while at sea, with monthly plans starting at $250 USD ($329 in Canada) a one-time hardware cost of $2,500 USD ($3,170 in Canada),” […]

New Jersey’s popular electric vehicle (EV) rebate program, Charge Up New Jersey, has been temporarily suspended due to its overwhelming success and rapid depletion of allocated funds, reports ctpost. The state’s Board of Public Utilities announced that the program has disbursed an estimated $35 million for the fiscal year ending in July, supporting the purchase […]

Last month Tesla launched a new limited edition beer brewed in Berlin, called GigaBier. This special item from the Tesla online store comes with a Cybertruck design inspired bottle, priced at €89. Tesla says this GigaBier is brewed using an exclusive strain of “Cyberhops”, offering notes of citrus, bergamot, and sweet fruit. These 330 ml […]

Tesla is making strides in the electrification of Europe’s commercial vehicle fleets with the introduction of the Model 3 Long Range Rear-Wheel Drive (RWD) for its business-to-business (B2B) customers in the United Kingdom. This new variant is specifically designed to cater to the unique needs of commercial clients, combining an industry-leading range of 394 miles […]

Summary: Polestar has unveiled its latest model, the Polestar 4, an electric performance SUV coupe. The car features a unique design that eliminates the rear window to create an immersive rear occupant experience and maximizes aerodynamic efficiency. The Polestar 4 is built on the Sustainable Experience Architecture (SEA) developed by Geely Holding, has a maximum […]

L&F Co., a South Korean company, won a $2.9 billion order from Tesla, making its owners ultra-rich. It is the first direct contract between L&F and Tesla. L&F plans to diversify its customer base and generate 30% of sales from unidentified manufacturers, including Tesla, by 2025. Electric car maker Tesla’s global success has created immense […]

Summary: IKEA Canada has expanded its electric vehicle charging network by adding 25 charging stations at five locations in Quebec and Ontario. The expansion was made possible by securing funding of $300,000 from Natural Resources Canada’s Zero Emissions Vehicle Infrastructure Program in 2022. The investment supports IKEA Canada’s goal of achieving 100% zero-emission home deliveries […]

SpaceX has unveiled the Starship Torch, a versatile tool designed for culinary enthusiasts and SpaceX fans alike, now available as part of a pre-sale. It looks freaking amazing. Launching for pre-sale at $175 USD, the Starship Torch is set to ignite kitchens and hearts alike in Q3 2023. Inspired by SpaceX’s iconic Starship spacecraft, this […]