Tesla and CEO Elon Musk have been known to offer ambitious timelines for the rollout of its products, with schedules changing frequently at random times. On Tuesday, @Tesla_Adri pointed out Tesla’s European Model Y configurator changed its description from “production is scheduled to start mid-2021,” to “deliveries expected end of 2021.” One person noted that […]
On Monday, Tesla held its quarterly earnings call for Q1 2021, and while Tesla saw record-breaking net income numbers, CEO Elon Musk also qualified for another hefty payout. Tesla’s record-breaking first-quarter earnings earned Musk payouts from stock options totaling $11 billion, according to Yahoo Finance. The news of Tesla’s $438 million net income, along with […]
Tesla’s Gigafactory Austin is well on its way to completion, and upon finishing the factory this summer, the plant will begin producing the long-awaited Tesla Cybertruck. On Monday, Bryan Roschetzky shared a video of current progress on Tesla’s Gigafactory Austin, with specific shots of the company’s second bridge crane arriving and ending up on the […]
In a Q1 earnings call on Monday, Tesla (TSLA) reported a record net income of $438 million, with $10.39 billion in revenue. Following the call, one analyst has upgraded his price target for the company’s shares. Oppenheimer analyst Colin Rusch raised Tesla’s price target to $1,080 from $1,036 on Tuesday, maintaining an Outperform rating on […]
On Tuesday, Loup Ventures Co-Founder and Managing Partner Gene Munster debated the bear-ish Gordon Johnson, the founder and CEO at GLJ Research on CNBC’s Squawk Box. In the segment, Munster said that Tesla (TSLA) is a “definitional growth story,” despite many production issues with the recent semiconductor shortage and Munster said, “This is rare what’s […]
Earlier this month, NASA awarded SpaceX with a mission contract to head back to the moon, and one space exploration company is not happy about it. On Monday, Jeff Bezos’ space exploration company, Blue Origin, formally filed a protest with the Government Accountability Office, alleging that NASA’s decision “moved the goalposts last-minute” for contract-bidding companies, […]
Time is money and when it comes to producing self-driving technology, it’s expensive, time-consuming and difficult. This is why it’s easier to acquire a solution, which is exactly what Toyota subsidiary, Woven Planet, has just done. Woven Planet and Lyft announced on Monday the Toyota subsidiary would acquire the latter’s Level 5 self-driving car unit […]
During Tesla’s first quarter earnings report, the company said its Model 3 sedan was the “best-selling premium sedan in the world,” a stat based on the most recent comparable publicly available OEM data. Tesla said “about three and a half years into its production, and even without a European factory,” the Model 3 led worldwide […]
Tesla has revealed the early conclusions of a joint study with the NTSB, NHTSA and local police, regarding the Model S crash in Spring, Texas, that media reports erroneously claimed was the result of the company’s Autopilot system. During Tesla’s Q1 2021 earnings call, a retail investor asked, “does Tesla have any proactive plans to […]
During Tesla’s Q1 2021, the company also provided an update on its Autopilot and Full Self-Driving (FSD) technology. According to Tesla, V9 of FSD City Streets beta “will soon become more widely available” in the United States. Tesla says it believes a “vision-only system is ultimately all that is needed for full autonomy.” Tesla explains […]
Tesla shared a new image of its Semi truck prototype testing, as found in its first quarter earnings report, which set new records for net income and revenue. The company also shared images of the Gigafactory Berlin, showing off the Model Y factory construction, as seen below: We also have a picture of the Giga […]
Tesla has disclosed on its balance sheet it sold some of its previous $1.5 billion investment in Bitcoin, and saw $272 million in proceeds from the sale, based on the “proceeds from sales of digital assets” on its cash flow from investing activities. Tesla said in its Q1 slide deck, “quarter-end cash and cash equivalents […]
During Tesla’s record first quarter earnings, the company also provided an update for the “installed annual capacity” of its current factories in California and Shanghai, China. According to Tesla, its Fremont, California factory can currently produce 100,000 Model S and Model X vehicles, along with 500,000 Model 3 and Model Y vehicles per year. As […]
Tesla reported its first quarter earnings on Monday and the company has posted record numbers. The company saw $10.39 billion in revenue, an increase of 74% year-over-year, while net income was also a record at $438 million for Q1. “In Q1, we achieved our highest ever vehicle production and deliveries. This was in spite of […]
Tesla occasionally adds incremental upgrades its vehicles, coming at random times, and now we’re again seeing a feature that first debuted in China make its way to the United States. Photos of a Tesla Model 3 with white interior trim and a new door panel design were shared to Reddit on Monday, before being […]
