Tesla Earns 8x More Profit Per Car than Toyota, Says Report

Tesla’s per-car earnings generated eight times as much profit as Toyota in an analysis of July through September sales, according to a report from Nikkei. The news of the profit difference comes even though Toyota outsold Tesla by over seven to one, and it marks the first time the U.S. automaker has overtaken the Japanese […]

Tesla Boosts Insurance Incentive on November Purchases in China

Tesla is increasing incentive amounts for buyers that opt into its insurance program in China, and the move is expected to help boost the automaker’s sales before the final month of the year. Now, Tesla is offering boosted insurance incentives on all orders made before November 30, according to the company’s latest post from its […]

Foxconn Investing $170 Million into Lordstown Motors

The world’s largest electronics contract manufacturer, Foxconn, has announced another huge capital investment into Lordstown Motors as it prepares to build electric vehicles (EVs) in Ohio. Foxconn is set to invest $170 million into Lordstown Motors, purchasing a combination of common stock and new preferred shares, according to a joint statement from the two companies […]

Tesla Walk-Away Door Lock, Autopilot Not Working in 2022.36.6 for Some Owners

Tesla’s latest 2022.36.6 software update appears to be causing bugs for some owners, resulting in features such as walk-away door lock, Autopilot and Cruise Control not working as intended for Model 3 and Model Y owners. Numerous threads on Reddit detail how Autopilot won’t activate and Cruise Control showing “unavailable”, when single-tapping and double-tapping the […]

Tesla Leads EV Registrations in Germany Year-to-Date

Tesla reached 13.5 percent market share in battery-electric vehicle (BEV) registrations in Germany between January and October this year, according to data from the KBA (via @Berlinergy). The U.S. automaker had 41,643 registrations in Germany during the 10-month period, followed by other top five OEMs Volkswagen, Hyundai, Audi and Fiat. German automaker Volkswagen was relatively […]

Tesla Model 3 Named ‘Most Green’ in NCAP Assessment Index

Tesla’s flagship sedan has outscored competitors on an assessment program looking at overall emissions and energy consumption, highlighting that electric vehicles (EVs) are significantly more green than those with internal combustion engines (ICEs). The Green vehicle assessment program Green NCAP awarded five stars to the Tesla Model 3 with a 9.8 out of 10 in […]

Tesla Trade Show Booth in China ‘Stole the Show’ at Import Expo

Tesla’s appeal to consumers in China remains high, as evidenced by consumers at the company’s booth during the China International Import Expo (CIIE) over the weekend. The automaker’s booth at the event drew a huge crowd on Sunday, according to the South China Morning Post and less foot traffic overall due to COVID-19 pandemic curbs. […]

Tesla Opening Second Store in New Mexico, Skirting Direct Sales Ban

Tesla is opening its second store in the state of New Mexico, according to a report from the Albuquerque Journal (via Automotive News). The company has partnered with the American Indian tribes of Santa Ana Pueblo to open a sales location in their city, which is classified as a sovereign nation. This allows Tesla to work […]

Tesla Denied New Superchargers at Hertfordshire Hotel in England

Tesla’s application for permission to build 12 new Superchargers at Hunton Park Hotel in Hertfordshire, U.K., has been denied by the Three Rivers District Council — reports the Watford Observer. The company was seeking permission to install 12 Supercharger stations and associated equipment in an overflow parking space on the Hunton Park Hotel premises. A […]

Tesla Seeking Telecom Licenses in Canada, Says Filing

Tesla has applied for a telecommunications license in Canada, where the Model 3 was the best-selling electric vehicle (EV) in seven different provinces during the first eight months of 2022. On September 15, the all-electric automaker filed an application with the Canadian Radio-television and Telecommunications Commission (CRTC) to acquire a Basic International Telecommunications Service (BITS) […]

SpaceX to Launch Starlink Fair Use Data Caps in Canada, U.S.

SpaceX is gearing up to implement a Fair Use policy on its high-speed satellite internet service, Starlink, in the U.S. and Canada (via @DirtyTesLa). “To ensure our customer base is not negatively impacted by a small number of users consuming unusually high amounts of data, the Starlink team is implementing a Fair Use policy in […]