Rivian Automotive and Volkswagen Group have announced plans to form a joint venture to develop next-generation software-defined vehicle (SDV) platforms. The partnership aims to enhance the software technology in both companies’ future electric vehicles. Volkswagen will make an initial investment of $1 billion in Rivian, with up to $4 billion in additional funding, bringing the […]
Tesla’s Model 3 saw a significant surge in registrations in China last week, with 6,100 units registered, marking the highest weekly total since the launch of the upgraded sedan, known as ‘Highland’. According to local Tesla sales data shared by @Tslachan, this registration figure was recorded between June 17 and 23, 2024. But as for […]
Tesla has announced two separate recalls affecting the 2024 Cybertruck, involving over 23,000 vehicles in total. First Recall: Windshield Wiper Motor Controller Defect Tesla is recalling 11,688 Cybertruck vehicles manufactured between November 13, 2023, and June 6, 2024, due to a defect in the windshield wiper motor controller. The defect, identified as electrical overstress to […]
Pictures of the new SpaceX Starlink Mini, shared by @SlingerRyan with @SawyerMerritt on Monday, reveal a lightweight device weighing 2.43 lbs, making it lighter than the 2024 MacBook Air, which weighs 2.7 lbs. The Starlink Mini features a kickstand, a pipe adapter, an integrated WiFi router with lower power consumption, and maximum download speeds exceeding […]
SpaceX recently launched a smaller version of its Starlink antennas, marketed as a portable option for satellite internet users. The “Starlink Mini,” as detailed in a customer email obtained by CNBC, is a lightweight, backpack-friendly device designed to provide high-speed, low-latency internet access on the move. A limited early access release offers the Starlink Mini […]
He Xiaopeng, chairman and CEO of Xpeng, is currently in the United States and has tested Tesla’s Full Self-Driving (FSD) software as the company prepares to introduce the feature in China this year. “I’m visiting the US for a longer period of time this time and dropping by to test the latest version of FSD […]
Lucid CEO Peter Rawlinson recently asserted that Lucid has surpassed Tesla in electric vehicle technology, stating that Lucid is now the tech leader in the industry. “If we look back in time, 10, 15 years ago, Tesla was the tech leader. I think there’s a degree of distraction now, and I think that Lucid has […]
Tesla has introduced a new accessory, the Model Y Air Mattress, priced at $225 ($310 in Canada). This product came online earlier this week, and quickly sold now, now currently out of stock. But interested customers can sign in to their Tesla account to check compatibility and request email notifications for restocking updates. The Model […]
SpaceX has reduced the cost of its Starlink dish to $144 USD in certain parts of Canada as part of its new “regional savings” program. This initiative, originally launched for U.S. customers in 28 states, aims to attract more subscribers by offering significant discounts, reports PCMag. “In Canada, new orders in certain regions are eligible […]
Tesla shareholders have approved CEO Elon Musk’s $56 billion pay package, the electric vehicle manufacturer announced on Thursday. This decision signifies strong support for Musk’s leadership and aims to incentivize him to remain focused on Tesla, his primary source of wealth. Additionally, shareholders approved a proposal to relocate the company’s legal headquarters from Delaware to […]
A report from Morgan Stanley on Wednesday suggests that Tesla might venture into the smartphone market. The research highlights the increasing convergence between cars and phones, noting that the lines between the two are becoming increasingly blurred. Morgan Stanley analysts have been discussing the potential for Tesla to expand into edge computing domains beyond the […]
SpaceX has announced a price reduction for its new V4 Starlink dish from $599 to $499, and introduced a “regional savings” program that reduces the cost further to $299 for new subscribers in specific areas. The updated pricing was revealed on Starlink’s official service plan and checkout pages today (via PCMag). Retailers Best Buy and […]
ARK Investment Management has updated its open-source model for Tesla, projecting an expected value of $2,600 per share by 2029. The forecast includes bull and bear cases, with potential share prices of approximately $3,100 and $2,000, respectively. These estimates are derived from Monte Carlo simulations that account for 45 independent inputs to predict various outcomes […]
General Motors (GM) is reducing its forecasted sales and production of all-electric vehicles (EVs) for this year, citing slower-than-anticipated U.S. adoption of EVs. GM Chief Financial Officer Paul Jacobson announced the company now anticipates producing 200,000 to 250,000 EVs in 2024, down from the previously stated range of 200,000 to 300,000. Despite this adjustment, Jacobson […]
Tesla has launched a large-scale battery energy storage system (BESS) at the Sendai Power Station in Sendai City, Japan. The system, which began operation on May 20, 2024, includes Tesla Megapacks with a capacity of 10.8MW and 43MWh, reports Energy Storage News. Tesla Japan announced the project’s commencement on June 4, 2024. Located in Miyagi […]
