According to a recent report from Barron’s, Tesla’s record-setting earnings for the first quarter of this year handily beat Wall Street’s estimates, leaving analysts “speechless” (via Yahoo Finance). The electric vehicle (EV) maker on Wednesday announced $18.7 billion USD in total revenue for Q1 2022, up a staggering 81% year-over-year, with a net income of […]

Tesla appears to be testing an upcoming feature for free vehicle Wi-Fi access to hotspots from AT&T, Comcast, Xfinity, Orange and more. According to screenshots shared by @Analytic_ETH on Thursday, the Tesla owner says, “since late last year, there have been hints in the firmware that @Tesla was looking to support “Public Hotspots”. I’ve been able to […]

Tesla and SpaceX CEO Elon Musk this week created three new holding companies, each with a variation of the name “X Holdings,” to help with his planned acquisition of social media giant Twitter — reports Bloomberg. According to documents filed with the U.S. Securities and Exchange Commission (SEC), Musk and his co-investors in the Twitter […]

Tesla has started rolling out its 2022.12.3.1 software update, as noted by third-party software @Teslascope. The update was detected on a Model 3 Long Range in Bavaria, Germany. We noticed a new Tesla software update 2022.12.3.1 on a Model 3 AWD LR (2020) in Bavaria, Germany. View the rollout of this update here: https://t.co/5OTd0VDP9a — […]

As Tesla’s new Texas facility shifts to ramping up production, the automaker is looking for manufacturing staff and will apparently try to draw from a local school district’s high school graduates. Tesla is offering full-time job opportunities at Gigafactory Texas to high school graduates in the Manor Independent School District, according to CBS Austin (via […]

Ford’s luxury automobile brand Lincoln is now jumping into the electric vehicle (EV) race with a new teaser showing off upcoming car concepts. Lincoln shared a teaser video of the upcoming Star concept vehicle on Wednesday, as well as detailing some of its EV plans. In particular, Lincoln says it plans to release three fully-electric […]

Elon Musk has received extra funding to help secure the purchase of social media company Twitter, as detailed in a filing with U.S. regulators. Musk has secured $46.5 billion in debt and equity financing to purchase Twitter, according to Reuters. The funding includes $33.5 billion from Musk himself, along with another $21 billion of equity […]

Porsche is set to become the exclusive vehicle supplier of the Air Canada Chauffeur Service at the Toronto-Pearson airport with electric and hybrid plugin vehicles, said the companies on Thursday. Porsche EV options for the service include the electric Porsche Taycan and hybrid Panamera and Cayenne vehicles. When Signature Class customers arrive in Canada, they’ll […]

The Boring Company raised $675 million from “A-List investors” in recent weeks, according to a press release on the company’s website. The funding round was led by Vy Capital and Sequoia Capital, while Valor Equity Partners, Founders Fund, 8VC, Craft Ventures and DFJ Growth also participated in raising funds. In addition, real estate partners of […]

Tesla CEO Elon Musk has just landed another hefty piece of compensation, following the automaker’s success in the first quarter. Musk has earned another $23 billion in performance awards from Tesla, after the automaker posted Q1 revenue outpacing Wall Street estimates, according to Reuters. Tesla’s quarterly revenue amounted to $18.76 billion, with adjusted earnings of […]

Tesla provided an update on Cybertruck during its Q1 2022 earnings call. According to CEO Elon Musk, after revealing a new dedicated robotaxi would be coming with no steering wheel or pedals, he added the company was “on track to reach volume production of Cybertruck in 2023.” Tesla says the simplicity of the Cybertruck structure […]

Tesla has launched a new limited edition of Tesla Tequila, that comes with two Sipping Glasses for $420 USD. “Enjoy one of the last 420 bottles of Tesla Tequila paired with two Sipping Glasses for a limited time. The exclusive, small-batch premium 100% de agave tequila añejo is made from sustainably sourced highland and lowland […]

Legacy Swedish automaker Volvo on Tuesday announced an investment in StoreDot, an Israeli company that is working on electric vehicle (EV) batteries capable of extreme-fast charging. The investment was made through the Volvo Cars Tech Fund, Volvo’s venture capital unit. StoreDot is working on disruptive battery tech capable of adding 257 miles (160 km) of […]

Tesla announced record Q1 2022 earnings today and within its shareholder slide deck, the company detailed it is now producing single-piece front castings for its Model Y from its Gigafactory in Austin, Texas. The company has long teased a single-piece front was coming, to join the single-piece rear casting in the Model Y. According to […]

During Tesla’s Q1 earnings call, CEO Elon Musk announced the company will be making a new vehicle at Giga Texas—a dedicated robotaxi with no steering wheel or pedals. Musk said Tesla plans to reach volume production of this autonomous robotaxi in 2024, that “will be a massive driver” of the company’s growth. It will have […]