Tesla on Monday unveiled its Q2 2021 earnings, setting new records for the company with $1.1 billion in net income for the first time, from $11.9 billion in overall revenue. Aside from detailing updates to its nearly 3,000 Supercharger stations and also how other non-Tesla vehicles will share the chargers, Tesla also announced it had […]

Tesla has provided an update on the status of its next-generation 4680 battery cells on Monday, at its Q2 2021 earnings. In a letter to investors, Tesla explains, “we have successfully validated performance and lifetime of our 4680 cells produced at our Kato facility in California.” “We are nearing the end of manufacturing validation at […]

Back in June, Tesla updated its website to bring changes to the new refresh Model S and Model X. Both Plaid versions of these vehicles saw red brake calipers removed, while a new revised design was unveiled for the 19-inch Tempest wheel for the Model S, with these aero covers now showing as greyed-out. According […]

During Tesla’s Q2 2021 earnings call webcast, CEO Elon Musk clarified how the company’s Superchargers will be able to be used by other electric vehicles. Musk said these other electric vehicles would need to download the Tesla app, head to a Supercharger and indicate which stall they’re parked in. The EV owner would then use […]

Tesla announced during its Q2 earnings call its installed annual capacity has now increased greater than 1.05 million cars. The breakdown stands the same as Q1, but for Giga Shanghai, the number is now “greater” than 450,00: California – Model S/X: 100,000 California – Model 3/Y: 500,000 Shanghai – Model 3/Y: > 450,000 With Gigafactories […]

During Tesla’s Q2 earnings call webcast, CEO Elon Musk shared some opening remarks on the company’s quarter, plus also detailed the ongoing global chip shortage. In a somewhat of a surprise mention, Musk said that to better make use of his limited time, “going forward I won’t be on earnings calls unless there’s something important […]

Tesla CEO Elon Musk said some opening remarks during its Q2 webcast the global chip shortage situation “remains quite serious”. Musk said the growth rate of Tesla is being controlled by chips, which are the slowest to appear in its supply chain. The company said all parts are ready except for these chips, with Musk […]

With an unofficial order tracker for Tesla’s Cybertruck showing over 1 million pre-orders, what’s the latest update for the company’s futuristic electric truck? In Tesla’s Q2 2021 letter to investors, the company says Cybertruck production will follow Model Y production at its upcoming Gigafactory under construction in Austin, Texas. “We are also making progress on […]

For those following the constructions of Tesla’s upcoming Gigafactories in Berlin, Germany, and Austin, Texas, the company provided a production update during its Q2 earnings today. Tesla says “we believe we remain on track to build our first Model Y vehicles in Berlin and Austin in 2021.” Update: During Tesla’s earning call today, Elon Musk […]

After announcing a record Q2 with net income hitting $1.1 billion for the first time and overall revenue reaching $11.9 billion, there are more details to share from Tesla. Tesla says its number of Supercharger stations worldwide reached 2,966, up 46% year-over-year. The company’s individual Supercharger connectors reached 26,900, up 49% year-over year. The electric […]

Tesla has announced its quarterly earnings for Q2 2021 and the company has “broke new and notable records.” Tesla saw a total of $11.9 billion in total revenue for Q2. The electric automaker achieved an operating margin of 11% and exceeded $1 billion of GAAP net income for the first time in its history, despite […]

Tesla will report its second-quarter earnings later today, and despite an ongoing worldwide semiconductor chip shortage, most analysts are predicting the company to report record earnings for the quarter, in which the company delivered an also record-breaking 206,000 vehicles. With over 206,000 vehicles delivered in Q2, Tesla’s revenue in the quarter could land as high […]

We reported earlier this year on Lucid Motors planning to go public after merging with Churchill Capital Corp IV, and after Tuesday, the company officially has followed up on those plans. Lucid Motors (LCID) went public on NASDAQ on Tuesday, opening with a listing price of $25.24 USD, according to an email from the company’s […]

The first round of Tesla Model 3 deliveries arrived in Singapore earlier this month, and just as the electric vehicles (EVs) are arriving, a Singapore service center has also opened its doors in the island city-state. Another round of Tesla vehicles was spotted arriving in Singapore on Monday by Philip Koh (via @TeslaOwnersSG), coinciding with […]

Tesla’s vehicles are hardy, to be sure, and while the current mass flooding in mainland China rages on against many vehicle owners, Tesla owners can trust that they’ll likely be able to get through the season without ruining their cars. In a heart-wrenching new video shared by @Austin Tesla Club we can see a Tesla […]