Tesla Sold Some Bitcoin in Q1, Earns $272 Million in Proceeds

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 […]

Tesla Factories Can Now Produce Over 1 Million Cars Per Year

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 Plans to Add Recycling Facility for EV Parts at Giga Shanghai

Alongside working to solve climate change through widespread zero-emission vehicle adoption, Tesla is now looking to recycle its EV hardware to reduce battery and motor waste. Tesla plans to add an electric vehicle (EV) component recycling facility at Gigafactory Shanghai, according to a document Tesla submitted in Shanghai (via Reuters). The facility would be particularly […]

Xbox Xcloud Beta Runs on Tesla’s Web Browser, Gamers Rejoice

Xbox’s Xcloud beta gaming mode actually works in Tesla’s web browser, according to a post shared Sunday on Reddit. According to u/NoNoveltyNeeded in the Tesla Motors subreddit, the user reported that Xcloud offered an “unsupported browser” warning message, they said they were able to proceed and play the game, as shown in the photo. For […]

Tesla Could Be Headed For 900,000 Deliveries in 2021, Says Wedbush

With Tesla’s Q1 earnings call scheduled for later today, Wedbush Securities Managing Director Dan Ives spoke with CNBC about Tesla’s delivery forecast being the most important factor to Tesla’s earnings, saying that the company’s delivery forecast could be headed toward 900,000 for 2021. Ives and Wedbush currently have Tesla’s price target set at $1,000, with […]

Tesla Stock Poised to Swing 7.2% in Either Direction, Hints Options Pricing

Bloomberg reports options pricing hints at Tesla’s stock price going up or down 7.2%, which could end up being the largest post-earnings swing since January 2020, ahead of the company’s Q1 earnings, slated for Monday, April 26. Given the volatile movement history of Tesla stock immediately following company earnings calls, which direction stock price will […]

Watch Tesla FSD Beta 8.2 Drive Around Walnut Creek, California [VIDEO]

In a recently published YouTube video, AI DRIVR gives us another walkthrough of Tesla’s Full Self-Driving beta in the streets of California, this time in Walnut Creek on version 8.2 (2021.4.11.1) of the beta. AI DRIVR programs a route into their Tesla’s navigation, and lets the vehicle do its thing while maintaining constant vigilance throughout. The Tesla’s […]

Tesla Now Lets Owners See Previously Owned Vehicles Online

According to a recent tweet from @DesertTesla, Tesla has now added the ability to view a list of (and documentation for) all of the Tesla vehicles you have previously owned to your Tesla account. https://twitter.com/DesertTesla/status/1386088081552379905 You can find the option by signing into your Tesla account at Tesla.com, and navigating to Previously Owned under your account. Once you do […]