Tesla has announced earnings for Q3 2022 on Wednesday afternoon, reporting $21.4 billion in revenue, up 56% year-over-year, to go with net income of $3.3 billion (GAAP), with the latter up 103% year-over-year. The company says its free cash flow has exceeded $8.9 billion in the last 12 months and operating margin hit 17.2% in […]

Waymo is set to deploy its autonomous ride-hailing services in Los Angeles, California, joining Phoenix and San Francisco, said the company on Wednesday. The move is set to expand the autonomous driving service across a number of central LA districts, bringing the service into the city following its tests on surrounding highways. “When we think […]

Hyundai and the South Korean government are lobbying the White House to loosen electric vehicle (EV) tax credit restrictions on foreign automakers, as detailed in a report from Automotive News. The recently passed $7,500 tax credit rules within the Inflation Reduction Act require EV manufacturers to build their vehicles in the U.S. in order to […]

BMW is investing $1.7 billion into U.S. operations at its Spartanburg, South Carolina plant, according to a press release shared on Wednesday by the automaker. The funding will be used to retrofit the factory to produce electric vehicles (EVs), $700 million of which will be used to build a nearby battery plant in Woodruff, while […]

One of the European nations pioneering widespread electric vehicle (EV) adoption is Norway, though new regulation changes heading into 2023 are set to cost zero-emission buyers more than in the past couple of years. Norway is proposing budget policies to reinstate a previously removed Vehicle-Added Tax (VAT) for new EV purchases, accounting for 25 percent […]

Tesla’s mobile app version 4.14.1 has been released, and suggests the company’s referral program may be coming back to life, according to the app code, says @TeslaAppUpdates. The account says that the strings make it look like users will be able to go to a digital shop to use referral credits on specific merch items […]

Tesla has started production on the 2023 Model Y, which began on October 16, according to the automated Twitter account @WaitingForTesla.com. This marks an earlier start compared to last year for the Model Y (and Model 3), when the transition from 2021 to 2022 vehicles started on November 2, 2021. The Twitter account uses a […]

SpaceX has launched Starlink Aviation, which is essentially the latter’s satellite internet service for airplanes. “High-speed, low-latency, in-flight internet with connectivity across the globe. Reserve now with deliveries starting in 2023,” says the SpaceX website. With Starlink Aviation, you’ll have access to streaming, video calls, gaming and more at any altitude, says SpaceX. “Starlink can […]

Tesla, SpaceX and The Boring Company CEO, Elon Musk, announced on Tuesday evening the latter has sold 28,700 bottles of its limited-edition ‘Burnt Hair’ perfume. “28,700 bottles of exquisite Burnt Hair perfume already sold!”, said Musk, adding, “Only 1,300 left of this unique, limited edition, collector’s item.” That makes for 30,000 total bottles of ‘Burnt […]

Tesla has launched new 2021+ Model X accessories over the past 24 hours, according to the Tesla North product tracker. Last night, Tesla launched Model X Mud Flaps for the Model X refresh, priced at $40 USD for two front mud flaps, installation hardware included. On Monday, Tesla also launched a Model X All-Weather Rear […]

With Tesla’s upcoming Q3 results releasing on Wednesday, Tip Ranks shared a few notes on what we can expect from the earnings call. For one, Wells Fargo analyst Colin Langan has cut the automaker’s price target to $230 from $280 ahead of the earnings call, maintaining a Hold rating. In doing so, Langan cited price increases, […]

As Tesla prepares for its first deliveries of the electric Semi, new listings in one U.S. regulator’s VIN catalog substantiate expectations that the deliveries are coming soon — and likely by the end of the year. Tesla added the Semi to the National Highway Traffic Safety Administration (NHTSA) VIN decoder document, hinting that claims of […]

Apple iPhone maker Foxconn is hoping to diversify its business as it boosts its electric vehicle (EV) manufacturing, and it even says it hopes to make Tesla’s cars, too. Taiwan’s Foxconn said on Tuesday that it hopes it can someday make cars for Tesla, as stated by Chairperson Liu Young-way at the company’s yearly Tech […]

After Rolls-Royce announced the Spectre electric vehicle (EV) about a year ago, the company has continued to test early versions of the vehicle and it is now sharing pertinent details about the car. Rolls-Royce unveiled the Spectre EV in a press release today, expecting the vehicle to have a 320-mile WLTP range in early testing […]

Norway remains an important market for electric vehicles (EVs) with its high rates of adoption, and NIO is now showing off its upcoming ET5 sedan in hopes to break into the market. In a video taken at an auto event in Norway, Bjørn Nyland reviewed a NIO ET5 sedan in Norway, providing some of his […]