142 Tesla Megapacks Go Online in California, Instead of Gas Plant

Renewable energy is here to stay, as depicted by one California community’s decision to establish an electric battery storage plant, rather than building another gas-powered plant. 142 Tesla Megapacks became operative in California earlier this week, replacing a proposed gas peaker plant located in Ventura County, according to Energy Storage News. The project, titled Saticoy, […]

NIO Will Replace Tesla as China’s Top EV Automaker: Money Manager

Louis Navellier, Chief Investment Officer at asset management firm Navellier, believes homegrown electric vehicle (EV) maker NIO is poised to replace Tesla as the market leader in the Chinese region — reports The Street. “Another electric vehicle company will eventually displace Tesla as the biggest manufacturer of EVs in China,” Navellier wrote in his bold […]

Tesla Price Target Slashed by UBS, Citing Competition in China

The financial analysts at UBS Global have adjusted their Tesla price target, based on concerns with rising local competition in China, reports Yahoo! Finance. While UBS maintained its ‘neutral’ rating on Tesla’s stock, the firm adjusted its price target down from $730 USD to $660 USD. In addition, UBS Global has also reduced its EPS […]

SpaceX’s Total Starlink Investment May Reach $20-30 Billion, Says Elon Musk

In his virtual video interview during the Mobile World Congress being held in Barcelona, SpaceX CEO Elon Musk talked about Starlink’s exponential growth, and also touched upon the venture’s finances, reports Reuters. Starlink is SpaceX’s high-speed satellite broadband project designed to bridge the connectivity gap in rural/remote areas and provide affordable internet at viable speeds […]

Tesla 2021.12.4.5 Software Update Rolling Out

Tesla has started to roll out its 2021.12.4.5 software update, detected on Monday afternoon by @TeslaFi. The update comes after 2021.12.4.3 was released last week, which was made available for the Model S Plaid. Software version 2021.12.4.5 was just detected on a Tesla Model S Performance in Pennsylvania United States on https://t.co/uh4cmi9Zso. Follow the release […]

Tesla Offers Free 4th of July Holiday Supercharging in California

Tesla announced on Monday to owners in California it will be offering “free Fourth of July holiday Supercharging” at select Superchargers in the state. “Avoid the rush this Fourth of July holiday and charge for free before 12 p.m. and after 9 p.m. at select California Superchargers between Friday, July 2 and Monday, July 5,” […]

Tesla Taxi Service Pulls Out of Victoria Due to Pandemic

Electric taxi services using Tesla’s electric cars have been popping up around North America, though most electric taxi companies have faced multiple barriers, given the burgeoning electric car market. Kelowna, British Columbia-based electric taxi service Current, has announced that it plans to pull its current electric vehicles (EVs) from Victoria, as reported by the Times […]